According to a new report, published by KBV research, The Global Edge Analytics Market size is expected to reach $28.3 billion by 2028, rising at a market growth of 24.8% CAGR during the forecast period.
The Solution market dominated the Global Edge Analytics Market by Component in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $18.3 billion by 2028. The solution segment acquired the largest revenue share in the edge analytics market in 2021. Edge analytics solutions emphasize decentralization and acceleration, rather than the traditional method of assembling a huge number of suitable platforms for the IoT's future. Businesses are rapidly implementing sensors and smart devices near the network's edge, allowing for speedier data analysis.
The Predictive market is expected to witness a CAGR of 25.4% during (2022 - 2028). The predictive segment procured a substantial revenue share in the edge analytics market in 2021. Predictive analytics is concerned with what is likely to happen. This is owing to a significant demand for preventative measures to avert harmful and disastrous events, which is fueling the edge analytics industry's growth.
The Large Enterprises market dominated the Global Edge Analytics Market by Organization Size in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $19.4 billion by 2028. The large enterprises segment acquired the largest revenue share in the edge analytics market in 2021. For a large firm, it's not always possible to precisely assess the IT infrastructure requirements, and establishing a sophisticated and comprehensive data center is also a high-cost proposition. However, advances in cloud-based technology and edge computing have made it relatively simple for businesses to assess their operations. Calculating, loading, and analytical functions are gradually being integrated into smaller expedients.
The Retail, E-Commerce & Consumer Electronics market is expected to witness a CAGR of 24.5% during (2022 - 2028). The retail, e-commerce, and consumer electronics segment procured a substantial revenue share in the edge analytics market in 2021. This is because retailers are able to evaluate all forms of data in real-time and seize ephemeral opportunities to create hyper-relevant consumer experiences and optimize operations, such as expediting the checkout process or ensuring items are in stock, due to edge analytics. With a traditional data warehouse strategy, transmitting all of the data to a central repository and extracting the insights needed to improve operations or customer interactions requires a lot of bandwidth, time, and money.
The North America market dominated the Global Edge Analytics Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $10.7 billion by 2028, growing at a CAGR of 24 % during the forecast period. The Europe market is expected to witness a CAGR of 24.5% during (2022 - 2028). Additionally, The Asia Pacific market is expected to witness a CAGR of 25.7% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/edge-analytics-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Component
By Type
By Organization Size
By Vertical
By Geography
Companies Profiled
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