A latest report from Absolute Markets Insights covers insights into the global Edge Analytics market. This comprehensive report offers insights into the market, models and drivers of business growth. Also includes Edge Analytics market share, sales volume and education charts. Research analysts have combined important and additional information, such as commitments from market leaders, into a well-crafted report. This report is an essential insight into strategies and information and is primarily aimed at business leaders. The main objective of this Edge Analytics report is to provide industry knowledge and help our clients achieve natural growth in their respective fields. The Edge Analytics report also shows a new uptrend that includes market conditions and market forecast 2022-2030.
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Some of the major players operating in the global Edge Analytics market include: Accenture, ADLINK Technology Inc., AGT international, Analytic Edge, Apigee Corp, CGI Inc., CISCO, Foghorn Systems, IBM, iguazio, Microsoft, Oracle, SAP SE, SAS Institute Inc., amongst others
Global edge analytics market was valued at USD 2498. 71 million in 2022 and is anticipated to reach USD 38751.52 million, growing at an estimated CAGR of 35.7% from 2022 to 2030.
The competitive landscape of the market study contains a broader analysis of the regions including North America, Europe, Asia-Pacific, Middle East and Africa, Latin America, which are expected to capture the essence of the market in its broadest category. The list encompasses significant players who manage the sector based on the system’s overall production capabilities, environmental contributions, appropriate channels, and territorial proximity through a system of primary and secondary research methodologies followed by an in-house analytical model. Furthermore, the generated income and a generalized market share for the market is presented with the help of graphs, charts and tables.
Furthermore, the report also contains important collaborations, mergers and acquisitions, key market trends and business policies are evaluated. The study contains primary and secondary information pertaining to the Edge Analytics Market in terms of its global status, market size, growth forecasts, trends, segments, and a detailed forecast.
Key insights from the report:
- The report provides key statistics on the market status of Edge Analytics Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
- The report provides a basic overview of the industry, including its definition, applications and manufacturing technology.
- The report features the company profile, product specifications, capacity, production value and market share 2022-2030 for the top vendors.
- The total market is further divided by company, by country and by application/type for the analysis of the competitive landscape.
- The report then estimates the 2022-2030 market development trends of the P2P Loans industry.
- Analysis of upstream raw materials, downstream demand and current market dynamics is also performed.
- The report makes some important proposals for a new project of Edge Analytics Market before evaluating its feasibility.
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Covid-19 cumulative impact:
This study presents insights into COVID-19 on consumer behavior and changes in demand, purchasing patterns, supply chain reorganization, dynamics of market forces, and substantial government involvement. The new research provides insights, analysis, estimates and predictions in light of the effect of COVID-19 on markets. The Edge Analytics Market report provides a solid observation on the prominent players in terms of strategic analysis, micro and macro market trends and opportunities, pricing trends, and a generalized overview of the market. The Edge Analytics Market is a detailed study packed with primary and secondary market factors, market share, leading segments and a proper geographic analysis.
Key questions answered in this report:
- What will the market size and growth rate be in 2030?
- What are the key drivers of the global market?
- What are the key market trends impacting the growth of the global market?
- What are the market growth challenges?
- Who are the key vendors in the global market?
- What are the global market opportunities and challenges for sellers?
- What are the key findings of the global five-point analysis of the Edge Analytics market?
The emergence of IoT and proliferation of massive data generated through IoT devices has aided the edge analytics market in the recent past and is expected to follow a similar trend over the forecast period. The application of IoT in edge analytics is particularly applicable for mines, oil rigs and factories that operate in low latency environment and bandwidth. They are not only applied to sensor data but also for richer forms of data such as video analytics. Market participants such as Cisco, Dell, Intel amongst others, are considered early proponents of edge computing as they tend to position their gateways as edge devices. Traditionally, gateways performed the functions such as traffic routing and aggregation. In the edge computing model, the core gateway functionality has evolved. Edge analytics helps in pre-processing and filtering of the data closer to where the data is being constructed.
Another area, where edge analytics market is gaining rapid popularity is the smart city projects. Apparently, the data collected from different smart city components is huge. Hence, the issue of data deluge is creating problems while planning smart cities, as it can be expensive and difficult to manage. To handle the issue, edge analytics is implemented, so that computation is performed on end devices instead of sending back to a centralized data store. By passing the data through analytics algorithms at edge, companies can set parameters to decide what information is worth sending to the cloud for later use. This has helped to reduce the latency in the decision-making process for connected components. For instance, Teradata, a United States based analytics and consulting firm recently partnered with CISCO to gather, aggregate and normalize the information collected from smart city applications such as from lightning, parking, traffic, waste management and others and analyze the data in real time, so that the citizens living in these smart cities lead a qualitative life.
Global Edge Analytics Market Segmentation:
Global Edge Analytics Market By Component (Solution, Services {Professional Services, Managed Services}), By Deployment Mode (On-Premise, On-Cloud), By Type (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics, Diagnostic Analytics), By Application (Marketing, Sales, Operations, Finance, Human Resources, Others), By Vertical (Healthcare And Life Sciences, Banking, Financial Services, And Insurance, Manufacturing, Retail And Consumer Goods, IT And Telecommunication, Transportation And Logistics, Media And Entertainment, Energy And Utility, Government And Defense, Travel And Hospitality, Others), By Region (U.S., Canada, Mexico, Rest Of North America, France, UK, Germany, Spain, Italy, Nordic Countries, The Benelux Union, Rest Of Europe, China, Japan, India, Australia, New Zealand, Southeast Asia, Rest Of Asia Pacific, GCC Countries, Southern Africa, Rest Of MEA, Brazil, Argentina, Rest Of Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends And Forecast, 2022 – 2030
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