Houston, TX -- (SBWire) -- 06/15/2018 --The Global Edge Analytics market is expected to grow from $1.54 billion in 2015 to reach $10.38 billion by 2022 with a CAGR of 31.3%. Increasing demand of edge analytics products on network devices, growing demand of additional edge analytical solutions across industries, intensifying broadcast of data are the current trends in edge analytics market. Arrival of IoT and production of huge quantity of data through associated devices and the enlarged acceptance of edge analytics due to its scalability and cost optimizations have fueled the growth of edge analytics. However, dearth of universally accepted standards and safety and security issues are hindering the edge analytics market.
Solutions is likely to be the fastest emerging component in the edge analytics market due to several varied devices associated mutually and are included inside the device enabling real time analysis and advance decision-making capabilities. Asia Pacific is estimated to rise at the highest CAGR throughout the forecast period due to incredible demand for consumption of edge analytics technologies with sophisticated analytics solutions that provides inclusive support and specialty in real-time access of data, facilitating enterprises to understand business scenario, and obtain faster and quicker decisions.
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Some of the key players in global market include AGT International Inc., Analytic Edge, Apigee Corporation, CGI Group Inc., Cisco Systems, Inc., Foghorn Systems, Oracle Corporation, Predixion Software, Prism Tech, SAP SE and SAS Institute Inc.
Applications Covered: Finance, Human Resources, Marketing, Operations, Sales
Deployment Models Covered: On-Cloud On-Premises
Types Covered: Descriptive Analytics, Diagnostic Analytics, Predictive Analytics, Prescriptive Analytics
End Users Covered: Banking, Financial Services, and Insurance, Energy and Utility, Government and Defence, Healthcare and Life Sciences, IT and Telecommunication, Manufacturing, Media and Entertainment, Retail and Consumer Goods, Transportation and Logistics, Travel and Hospitality, Other End Users
Components Covered: Solutions, Services
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The report gives a thorough overview of the present growth dynamics of the global Edge Analytics with the help of vast market data covering all important aspects and market segments. The report gives a birds' eye view of the past and present trends as well the factors expected to drive or impede the market growth prospects of the Edge Analytics market in the near future.
The study comprises a mix of data pertaining to the key restraints, drivers, competitive landscape, regulatory forces, key strategies implemented by the key players, and opportunities, expected to have a profound impact on the scope of growth of the market. A detailed analysis of these factors allows the report to present a reliable forecast regarding the future growth dynamics of the Edge Analytics.
The report also implements primary and secondary research techniques for gathering the most crucial pieces of professional information and applies a number of industry-best techniques upon the data for projecting the future state of the global Edge Analytics market. Based on current market development, the report includes an analysis of how activities such as mergers and shapes the market's future.
31.3% CAGR Growth to Be Achieved by Edge Analytics - Global Market by 2022 by Applications by Deployment by Types by Components