The global Edge Analytics Market is forecasted to be worth USD 33.65 Billion by 2027, according to a current analysis by Emergen Research. Due to the growing demand for real-time intelligence on network devices, the global Edge Analytics market is forecasted to grow significantly over the forecasted period. Besides, the rising government initiatives in Information and Communication Technology are anticipated to further fuel the market growth in the forecast timeline. Moreover, the rise in the implementation of connected devices is likely to drive the market growth shortly. IoT devices’ adoption is growing exponentially, generating massive volumes of data and requiring real-time data analytics.
The latest report on the Edge Analytics market offers detailed information about the industry based on the total revenue generated for the forecast period, 2020 – 2027. The comprehensive study performs an in-depth analysis of the Edge Analytics industry and lays immense emphasis on the major driving forces and restraints expected to govern the overall business for the forecast period, 2020 – 2027. Most importantly, researchers assessing the business environment take a closer look at the past and present trends as well as the future prospect to offer business owners, stakeholders and field marketing executives an intellectual understanding of the winning strategies.
- Over the forecast period, the energy & power segment is expected to dominate the market. By applying edge analytics in facilities such as hydropower stations or wind turbines, the technique can detect real-time issues and minimize production delays.
- North America’s region is forecasted to lead the market due to the growing acceptance of edge analytics by small and medium enterprises, driven by government policies and regulations.
- Key participants include AGT Group GmbH, CGI Group Inc., FogHorn Systems, Inc., Oracle Corporation, Apigee Corp., SAP SE, Falkonry Inc., Equinix, Inc., Intel Corporation, and Microsoft Corporation, among others.
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- Edge Analytics Market Share