The Latin America, Middle East and Africa Edge Analytics Market would witness market growth of 27.5% CAGR during the forecast period (2022-2028).
Due to technology like 5G networks, the edge analytics paradigm has become more realistic as the internet and online connectivity have improved. Importantly, it has evolved in response to the demands of IoT networks for short response times and data analytics. Sensors, smart technologies, and other connected devices would be ineffective if the data analysis process required them to transfer data to a central place and wait for it to be analyzed and returned.
Instead, edge analytics streamlines the process by performing the majority of the analysis on-site, usually in a nearby network switch or device, and only sending the most critical data to a central server. The goal is to give real-time or near-real-time business intelligence and to build a scalable analytics system.
The UAE's technology sector continues to expand. Both the private and governmental sectors are attempting to modernize by implementing cutting-edge solutions in order to ride the global wave of innovation, data utilization, digital transformation, and technical improvement. The government has put aside considerable portions of the budget to realize the ambitious Vision 2021, Abu Dhabi Vision 2031, and UAE AI Vision 2031 objectives, and the drive to diversify and grow a knowledge economy is providing new opportunities. Technology companies continue to regard the UAE as a promising market for expansion.
The Brazil market dominated the LAMEA Edge Analytics Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $433.4 Million by 2028. The Argentina market is experiencing a CAGR of 28.2% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 27.2% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Type, the market is segmented into Descriptive, Predictive, and Prescriptive. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Vertical, the market is segmented into IT & Telecom, Energy & Utilities, Retail, E-Commerce & Consumer Electronics, Logistics & Transportation, Healthcare & Life Sciences, Manufacturing, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Edge Analytics Market is Predict to reach $28.3 Billion by 2028, at a CAGR of 24.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Cisco Systems, Inc., Intel Corporation, Oracle Corporation, Microsoft Corporation, Dell Technologies, Inc., Hewlett-Packard Enterprise Company, Equinix, Inc., Greenwave Systems, Inc., and Iguazio Ltd.
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