Edge Analytics Market Expected to grow at a CAGR of 30% during forecast period 2018 to 2023

Edge Analytics Market is expected to grow at a CAGR of over 30% during the forecast period (2018-2023).

The report elaborates the complete details covering product definition, product type, and application. The report covers useful details which are categorized based on Edge Analytics production region, major players, and product type which will provide a simplified view of the Edge Analytics industry. The Edge Analytics market report presents the competitive scenario of the major market players based on the sales revenue, customer demands, company profile, the business tactics used in Edge Analytics market which will help the emerging market segments in making vital business decisions.

Global Edge Analytics Market by Top Manufacturers (2018-2023): Cisco Systems, Oracle Corporation, Sas Institute, Ibm Corporation, Apigee Corporation, Predixion Software, Agt International Inc, Cgi Group Inc, Analytic Edge, Prism Tech, Intel Corporation, Greenwave Systems, Microsoft Corporation, And Foghorn Systems, Amongst Others.

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Essential points covered in Edge Analytics Market 2018 Research are:-
• What will the market size and the growth rate be in 2023?
• What are the key factors driving the Edge Analytics market?
• What are the key market trends impacting the growth of the Edge Analytics market?
• What are the challenges to market growth?
• Who are the key vendors in the Edge Analytics market?
• What are the market opportunities and threats faced by the vendors in the Edge Analytics market?
• What are the key outcomes of the five forces analysis of the Edge Analytics market?

This independent 109 pages report guarantees you will remain better informed than your competition. With figures examining the Edge Analytics market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2023.

Growing Demand for Edge Analytics - High Demands for IOT

The accelerated rise of large amounts of data generated which is need to be analyzed for valuable insights. Transferring such crucial data from their place of origination, which can be remote locations, via internet or Bluetooth, to cloud data centers for analysis can be slow and risky. This, in turn, can affect an organization's proper functioning.

Edge analytics help organizations to get more advanced data faster by applying advanced analytics and machine learning at the point of data collection. Also, it also boosts yields, increases throughput, reduces downtime, and improves efficiency. The proliferation of IoT and connected devices is expected to drive the edge analytics market. Increase of data due to the rise of the internet of thing (IoT) devices globally and increased threats to the enterprise network such as cyber-attacks and other security breaches are some of the reason For an instance a typical Formula One car carries 150-300 sensors and in an airline, the current Airbus A350 model has close to 6,000 sensors and generates 2.5 Tb of data per day- according to Data Science central’s.

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North America Holds the Largest Share in Edge Analytics Market

The North America region is projected to have the largest growth in demand, during the forecast period (2018-2023), which provides a suitable environment for startups and SMEs, in terms of government regulations and compliance. Owing to this, enterprises are growing rapidly in this North America region and have a heavy demand for edge analytics. Therefore, the North American region is to have the highest market share in the edge computing market.

The major trends responsible for the growth of edge analytics market in the North American region include the growing number of devices and the dependency on IoT devices, the need for faster processing, the increase in cloud adoption, and pressure on networks. Additionally, significant growth owing to high concentration of manufacturing and telecommunication industries that majorly adopt edge analytics services. Therefore, proliferation of digital services and technological advancements coupled with early adoption of the latest technologies in various sectors such as healthcare & life sciences, transportation & logistics, consumer appliances are supplementing the growth of the region.

For an instance Cisco Systems and IBM, enter into a partnership for the new collaboration of analytics at the edge by combining the cognitive computing and analytics capabilities of the IBM Watson IoT Platform with Cisco's edge and fog analytics capabilities.

Reasons to Purchase This Report
• Provides latest insights into Global Edge Analytics Market
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• To understand the dominating technology in the market
• The region that is expected to witness the fastest growth during the forecast period
• Identify the latest developments, market shares and strategies employed by the major market players
• 3 months analyst support along with the Market Estimate sheet (in Excel)

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