Press release
Edge Analytics Market: The global market is expected to grow at a CAGR of 31.2% during the forecasted period.
Edge analytics refers to the process of analyzing data on or near the edge devices where it is generated, rather than relying on centralized cloud-based systems for data processing. In the context of the Edge Analytics Market, it involves the deployment of analytics solutions and tools at the edge of a network, close to the data source, to gain real-time insights, reduce latency, and optimize data bandwidth.
The Edge Analytics Market is driven by the increasing prevalence of IoT devices, the need for real-time insights, and the growing recognition of the advantages of processing data closer to its source. Organizations are adopting edge analytics to address challenges related to data privacy, security, and the demand for faster decision-making in various applications across different industries.
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Key Highlights:
• The global Edge Analytics Market size was valued at USD 1.7 billion in 2022 growing at a CAGR of 31.2% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global Edge Analytics Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges..
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Key Players
Some of the major Edge Analytics Market players holding high market shares include SAP SE, Foghorn Systems, Apigee Corporation and CGI Group Inc. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• AGT International Inc.
• Cisco Corporation
• SAS Institute
• Oracle Corporation
• SAP SE
• Foghorn Systems
• Apigee Corporation
• CGI Group Inc.
• Analytic Edge
• Prism Tech
Segmental Analysis
Market Segment By Component
• Solutions
• Services
Market Segment By Application
• Sales
• Marketing
• HR
• Operations
• Finance
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Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
Reasons to Buy this Report:
• Comprehensive insights.
• Reliable and accurate data.
• Market size and dataforecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making
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Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.
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