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“According to SNS Insider, The Edge Analytics Market size was valued at USD 8.4 Billion in 2023 and is expected to grow to USD 50.7 Billion By 2031 and grow at a CAGR of 25.2% over the forecast period of 2024-2031.”
Market Scope & Overview
Prior to analyzing corporate pricing and supply chain behavior, the latest research looks at the company profile and market competitiveness among significant competitors. A good research methodology was used to generate the thorough analysis of the global Edge Analytics market, which aids in analyzing significant insights and also examines the industry's prospective opportunities. The research report focuses on the regional and global market's short- and long-term responses to macro indicators, drivers, and restraints.
SWOT analysis and other tools are used to examine this data in order to deliver an educated judgment on the market's state, which may help any company execute the best growth strategy or provide insight into the outlook and trajectory of the sector. The study was put up using primary and secondary research methods, which give a clear understanding of the Edge Analytics market.
Market Segmentation Analysis
For calculating and segmenting the quantitative elements of the Edge Analytics market, the organization combines bottom-up and top-down methods. A thorough assessment of the status, top growth rate, country market shares, and new technologies by geography is included in the global market research study. The study makes it simple to learn about the global market, fresh trends, product utilization, customer and rival motivations, brand positioning, and consumer behavior.
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Key Market Segmentation
-By Component
Solution
Services
-By Deployment Model
On-premises
On-cloud
-By Type
Descriptive analytics
Predictive analytics
Prescriptive analytics
Diagnostic analytics
-By Business Application
Marketing
Sales
Operations
Finance
Human Resources
-By Industry
Healthcare
Energy
Automation
Agriculture
Manufacturing
Transportation
Others
Key Players:
The major players are Oracle Corporation, Cisco Systems Inc., Amazon Web Service Inc, PTC, Dell Statistica, EdgeConneX, Hewlett Packard Enterprise Development LP, Databricks, IBM Corporation, Intel Corporation, Microsoft, Analytic Edge, SAP HANA, AGT International Inc., CGI Group Inc., and others in the final report.
COVID-19 Pandemic Impact Analysis
The COVID-19 scenario was explored in-depth in the section of the research that dealt with the Edge Analytics market. Sales in the sector have sharply decreased. Similar to that, the sector suffered from the temporary shutdown of manufacturing and processing facilities.
Regional Outlook
The research continues with in-depth information on income, consumption, gross margins, import and export on both the global and regional markets, as well as other information. The primary goal of the Edge Analytics market report is to aid the reader in understanding the market in terms of its definition, market segmentation, market potential, pertinent trends, and the problems that the industry faces in many important areas.
Key Driver
A key driver for the Edge Analytics market is the increasing adoption of Internet of Things (IoT) devices, which generate vast amounts of data requiring real-time analysis at the data source. This reduces latency and bandwidth usage, enabling faster decision-making and more efficient operations. Industries such as manufacturing, healthcare, and retail leverage edge analytics to gain immediate insights, enhance productivity, and improve customer experiences. The advancements in edge computing technologies, coupled with the need for enhanced data privacy and security by processing data locally, further drive the market growth, making edge analytics an essential component of modern data strategies.
Competitive Analysis
The research continues by providing extensive information on income, consumption, gross margins, import and export on both the global and regional markets, among other things. The primary goal of the Edge Analytics market report is to aid in the user's understanding of the market in terms of its definition, segmentation, market potential, pertinent trends, and the issues that the industry deals with in various important places.
Key Questions Answered in the Edge Analytics Market Report
· Who are the dominant market participants, and how are they handling the numerous challenges?
· What potential business risks and repercussions result from the situation of present market growth and forecasting?
· What use cases, groups, and regions provide the most promising, rapidly developing mobility scenarios?
Conclusion
The research is a great resource for comprehending the global Edge Analytics market, as well as emerging trends, product usage, customer and competitor motives, brand positioning, and consumer behavior.
Akash Anand – Head of Business Development & Strategy
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
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