The Edge Analytics Market was valued at $1,726 million in 2016, and is estimated to reach $10,025 million by 2023, growing at a CAGR of 29.2% from 2017 to 2023.
Edge Analyticsincluding historical, predictive, and prescriptive analytics is offered by prominent analytics solution providers, such as Equinix, Inc., Greenwave Systems, HP Inc., and others, to automatically adjust sensors data and flow of required analytical inputs.
Edge analytics provide streamlined real-time data from connected devices such as closed-circuit television (CCTV), sensors, and others to optimize historical as well as predictive analysis.
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Asia-Pacific edge analytics market is expected to register the highest CAGR in the near future.
Global vendors are investing heavily in the market to improve the overall edge analytics solution offering to ensure low-cost and on time data analysis, queueing data as per the preference level, and real-time event processing solutions. The Asia-Pacific region, which includes countries such as China, India, Japan, and Australia, offer lucrative opportunities for market players.
Moreover, increase in demand for smart transportation and video management services is a key driver of the Europe edge analytics market.
The global edge analytics market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Growth in number of connected devices in IoT and surge in demand for advanced and real-time analytics contribute to the market growth in North America and Europe.
However, LAMEA is expected to account less market share in the global market as compared to other regions, due to slow ICT spending and slow adoption of IoT devices. Furthermore, the Latin America and Middle East are expected to gain traction, but the growth is expected to be stable during the forecast period.
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The key players profiled in the report are Cisco Systems, Inc., Dell Inc., Equinix, Inc., Greenwave Systems, HP Inc., IBM Corporation, iguazio, Intel Corporation, Microsoft Corporation, and Oracle Corporation. The report discusses the key strategies adopted by the companies along with the detailed analysis of the current trends, upcoming opportunities, and restraints in the global edge analytics market along with detailed information about their impacts.
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