Edge Analytics Market Size - Industry Share Report 2021

Edge Analytics Market Size, Share, Price | Industry Report 2021 Market Research Report to It’s a Database.

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Increased adoption of edge analytics due to its scalability and cost optimizations is one of the drivers for the edge analytics market

The edge analytics market size is estimated to grow from USD 1.94 billion in 2016 to USD 7.96 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 32.6%. Advent of IoT and proliferation of massive amount of data through connected devices and the increased adoption of edge analytics due to its scalability and cost optimizations has fueled the growth of edge analytics. However, issues pertaining to safety and security and lack of universally accepted standards are acting as the restraining factors for the edge analytics market.

“Solutions is expected to be the fastest growing component in the edge analytics market”

An edge analytics solution are deployed on the edge of the network devices to get real-time analysis of the data generated and provides predictive, prescriptive, as well as diagnostic analysis to the data. The solutions are intended to meet interoperability challenges that arises due to multiple heterogeneous devices connected together and are integrated within the device enabling real time analysis and advance decision making capabilities. The software becomes the vital part of problem solving mechanism and often uses tools such as dashboard, data visualization, reporting, and self-service to highlight the data information and data significance.

In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted with key people. Break-up of profile of primary participants is as follows:

• By Company: Tier 1 – 17 %, Tier 2 – 33% and Tier 3 – 50%
• By Designation: C level – 19%, Director level – 26%, Others – 55%
• By Region: North America – 60%, Europe – 10%, APAC – 30%

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Key players include:

• Cisco Corporation (U.S.)
• Oracle Corporation (U.S.)
• SAP SE (Germany)
• SAS Institute (U.S.)
• Apigee Corporation (U.S.)
• Predixion Software (U.S.)
• AGT International Inc. (Switzerland)
• Foghorn Systems (U.S.)
• CGI Group Inc. (Canada)
• Analytic Edge (India)
• Prism Tech (U.K.)

Scope of the Report

The report segments the edge analytics market on the basis of: component which includes solutions as well as services; analytics type such as predictive, prescriptive, diagnostic, and descriptive; business applications marketing, sales, operations, finance, and human resources; deployment models on-cloud and on–premise; verticals: healthcare & life sciences BFSI, retail & consumer goods, manufacturing, travel & hospitality, IT & telecommunication, media & entertainment, energy & utility, government & defense, transportation & logistics, and others; and region which includes North America, Europe, Asia–Pacific (APAC), Middle East& Africa (MEA), and Latin America.

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