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Edge Analytics Market Size - By Component (Solution, Services), By Business Application (Marketing, Sales, Finance, Operations, Human Resource), By Type (Predictive, Prescriptive, Descriptive, Diagnostic), Deployment Model, Industry Vertical & Forecast, 2

Publisher Global Market Insights
Published Aug 02, 2023
Length 300 Pages
SKU # GMI18213907

Description

Edge Analytics Market Size - By Component (Solution, Services), By Business Application (Marketing, Sales, Finance, Operations, Human Resource), By Type (Predictive, Prescriptive, Descriptive, Diagnostic), Deployment Model, Industry Vertical & Forecast, 2023 - 2032


Edge Analytics Market size is projected to record 24.2% CAGR from 2023-2032 driven by the proliferation of IoT technology worldwide. With the explosive growth of IoT devices, vast amounts of data are generated at the edge of networks. Lately, manufacturing and industrial sectors are largely embracing automation, data-driven decision-making, and smart factories. To that end, edge analytics have grown crucial for processing data in real time for providing actionable insights for industries, such as smart cities, agriculture, and healthcare.

Furthermore, the focus of industry players on innovating with tailored solutions, in response to the rising Industry 4.0 demands to address the thriving need for real-time data processing, predictive maintenance, and process optimization will augment the market outlook. For instance, in April 2023, Nokia expanded its industrial edge applications to help businesses shift to Industry 4.0.

The edge analytics market is categorized as per component, business application, type, deployment model, industry vertical, and region.

Based on component, the services segment in the edge analytics market is set to record robust growth through 2032. Service providers offer consultancy to help clients identify use cases, select suitable edge analytics tools, and ensure seamless integration with existing systems. Additionally, several maintenance and support services are critical to ensure the continued operation and optimization of edge analytics solutions, leading to improved operational efficiency and cost savings.

In terms of industry vertical, the edge analytics industry from the energy and utilities segment is estimated to account for significant revenue by 2032. The growth is propelled by the high demand for edge analytics due to the increasing complexities in managing vast amounts of data from sensors, grids, and equipment. This technology enables real-time data processing and analysis at the edge of the network for optimizing operational efficiency and reliability. Moreover, the rising adoption of edge analytics by the energy and utilities sector to boost sustainability efforts and ensure uninterrupted service delivery will support the segment growth.

Asia Pacific held sizable share of the edge analytics market in 2022 and is poised to record substantial growth through 2032 fueled by the burgeoning adoption of IoT devices and the digital transformation of industries. According to one of IDC's estimations, the Asia Pacific public cloud services industry will be worth $165 billion by 2026. With organizations attempting to leverage the strength of data, industry participants are concentrating on developing modern analytic solutions to allow customers to effortlessly move their workloads. For instance, in February 2023, Akamai announced a cloud and edge computing platform in the APAC-Japan region to bring data closer to the source while providing security and content delivery.

Table of Contents

300 Pages
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Edge analytics market 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.2.1 Total Addressable Market (TAM), 2023-2032
2.3 Regional trends
2.4 Component trends
2.5 Type trends
2.6 Business application trends
2.7 Deployment model trends
2.8 Industry vertical trends
Chapter 3 Edge Analytics Market Industry Insights
3.1 Impact on COVID-19
3.2 Russia- Ukraine war impact
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
3.9 Regulatory landscape
3.10 Impact forces
3.10.1 Growth drivers
3.10.1.1 Increasing demand for real-time data analysis
3.10.1.2 Growing data privacy and security concerns
3.10.1.3 Proliferation of IoT devices across various industries
3.10.1.4 Rising bandwidth and latency concerns due to high growth of data
3.10.1.5 Increasing adoption on automation in various sectors
3.10.2 Industry pitfalls & challenges
3.10.2.1 Limited computing resources
3.10.2.2 Lack of standardization and scalability challenges
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis
Chapter 4 Competitive Landscape, 2022
4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
4.3.1 Amazon Web Services (Amazon.com)
4.3.2 Cisco Systems Inc.
4.3.3 Databricks
4.3.4 IBM Corporation
4.3.5 Microsoft Corporation
4.3.6 Oracle Corporation
4.3.7 SAS Institute Inc.
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022
Chapter 5 Edge Analytics Market Estimates & Forecast, by Component (Revenue)
5.1 Key trends, by component
5.2 Solution
5.3 Services
Chapter 6 Edge Analytics Market Estimates & Forecast, by Business Application (Revenue)
6.1 Key trends, by business application
6.2 Marketing
6.3 Sales
6.4 Operations
6.5 Finance
6.6 Human Resources
Chapter 7 Edge Analytics Market Estimates & Forecast, By Type (Revenue)
7.1 Key trends, by type
7.2 Predictive analytics
7.3 Descriptive analytics
7.4 Prescriptive analytics
7.5 Diagnostic analytics
Chapter 8 Edge Analytics Market Estimates & Forecast, By Deployment Model (Revenue)
8.1 Key trends, by deployment model
8.2 On-premise
8.3 Cloud
Chapter 9 Edge Analytics Market Estimates & Forecast, By Industry Vertical (Revenue)
9.1 Key trends, by industry vertical
9.2 IT & Telecom
9.3 BFSI
9.4 Manufacturing
9.5 Healthcare and life science
9.6 Retail
9.7 Transportation and logistics
9.8 Government
9.9 Energy and utilities
9.10 Others
Chapter 10 Edge Analytics Market Estimates & Forecast, By Region
10.1 Key trends, by region
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 Russia
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 ANZ
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.6 MEA
10.6.1 South Africa
10.6.2 Saudi Arabia
10.6.3 UAE
Chapter 11 Company Profiles
11.1 Amazon Web Services Inc.
11.2 Cisco Systems Inc.
11.3 Databricks
11.4 Dell Statistica
11.5 EdgeConneX
11.6 Hewlett Packard Enterprise Development LP
11.7 IBM Corporation
11.8 Intel Corporation
11.9 Microsoft Corporation
11.10 Oracle Corporation
11.11 Predixion Software
11.12 PTC
11.13 SAP HANA
11.14 SAS Institute Inc.
11.15 Siemens AG

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