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Edge analytics market worth USD 7.97% billion by 2022

The edge analytics market size is estimated to grow from USD 1.95 billion in 2017 to USD 7.97 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 32.6%. Advent of IoT and proliferation of massive amount of data through connected devices and the increased adoption of edge analytics due to its scalability and cost optimizations has fueled the growth of edge analytics.

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Increased adoption of edge analytics due to its scalability and cost optimizations is one of the drivers for the edge analytics market

However, issues pertaining to safety and security and lack of universally accepted standards are acting as the restraining factors for the edge analytics market.

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The rapid video analytics market growth is driven

Edge Analytics is gaining traction due to the advent of internet of things and rapid growth in the data availability through connected devices and real time intelligence.

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Major driving factors of Edge Analytics market are its features like scalability and cost optimization which are driving the market share. Also, the increased adoption of Edge Analytics due to its scalability and cost optimizations has fuelled the market growth.

On the other hand, since, Edge Technology is still in its development phase; issues pertaining to safety and security and lack of universally accepted standards and current cloud infrastructures along with the reluctance of Marketers for investments are the factors acting as the restraints to the growth of Edge Analytics Market.

Benefits of report

This report provides pin-point analysis for changing competitive dynamics

It provides a forward looking perspective on different factors driving or restraining market growth

It provides a six-year forecast assessed on the basis of how the market is predicted to grow

It helps in understanding the key product segments and their future

It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors

It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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