What is edge analytics?

Edge analytics is the process of collecting, processing, and analyzing data at the edge of the network, close to where it is generated. This can help to improve performance, reduce latency, and protect data privacy.

How big is the edge analytics market?

The Global Edge Analytics Market is projected to grow from USD 9.1 billion in 2022 to USD 95.0 Billion by 2032 , at a CAGR of 27.2%.

Is edge computing growing?

Yes, edge computing is growing rapidly. The increasing adoption of IoT devices and sensors, the need for real-time data analysis, and the rising demand for improved decision-making are all driving the growth of the edge computing market.

What are the challenges of edge analytics?

The challenges of edge analytics include: High cost: Edge devices and sensors can be expensive. This can be a barrier for small businesses and organizations with limited resources. Lack of standardization: There is no single standard for edge analytics. This can make it difficult to integrate different solutions and make it difficult to find qualified personnel. Security risks: Edge devices are often connected to the internet, which can make them vulnerable to cyberattacks. This is a major challenge that needs to be addressed before edge analytics can be widely adopted.

What are the key trends in edge analytics market?

The key trends in edge analytics market include: The increasing use of artificial intelligence (AI) and machine learning (ML): AI and ML can be used to improve the accuracy and efficiency of edge analytics. The growth of the 5G network: 5G will provide the bandwidth and low latency needed for edge analytics applications. The emergence of fog computing: Fog computing is a distributed computing paradigm that can help to address the challenges of edge analytics.

Who are the key players in edge analytics market?

The following are a few of the well-known companies active in the Global Edge Analytics Market: Amazon Web Services Inc. Cisco Systems Inc. Microsoft Hewlett Packard Enterprise Development LP Databricks Dell Statistica Edge ConneX IBM Corporation Intel Corporation Oracle Corporation SAP HANA

What is the future of edge analytics?

The future of edge analytics is bright. The increasing adoption of IoT devices and sensors, the need for real-time data analysis, and the rising demand for improved decision-making are all driving the growth of the edge analytics market.

Global Edge Analytics Market Size By Type (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics, Diagnostic Analytics), By Component (Solutions, Services), By Deployment (On-cloud, On-premise), By Business Application (Sales and Marketing, Operations, Finance, Human Resource), By End-User (Retail, E-commerce, Consumer Electronics, Energy and Utilities, Healthcare, Transportation and Logistics, IT and Telecom, Manufacturing, and Other End-Users) By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and, Forecast 2023-2032

Published date: August 2024
Report ID: 106249
Number of Pages: 219
Format:

- Amazon Web Services Inc.
- Cisco Systems Inc.
- Microsoft Corporation Company Profile
- Hewlett Packard Enterprise Development LP
- Databricks
- Dell Statistica
- Edge ConneX
- IBM Corporation
- Intel Corporation
- Oracle Corporation
- SAP HANA