24/10/2016
Edge Analytics Market Worth USD 7.96 Billion by 2021
Advent of Internet of Things (IoT) & proliferation of massive amount of data through connected
devices, and predictive & real-time intelligence on network devices acts as a catalyst to the growing
adoption of edge analytics solutions and services.
Predictive analytics type to grow at the highest rate during the forecast period
Edge Analytics Market categorized into four analytics types, namely, predictive, perceptive,
diagnostic, and descriptive analytics. Predictive analytics type expected to grow at the highest
CAGR over the forecasted period. Predictive analytics would be a game changer in the business
environment predicting the outcomes before the occurrence of actual events.
On-cloud market to grow at the highest rate during the forecast period
The market, by deployment model has been segmented into on-premises and on-cloud model. Oncloud deployment model expected to witness the highest CAGR during the period 2016 to 2021.
On-cloud deployment model will gain traction in the coming years owing to the cost effectiveness,
agility, and affordability it offers to the end customer.
North America expected to dominate theEdge Analytics Marketduring the forecast period
The Edge Analytics Market segments the global market on the basis of regions, which include North
America, Asia-Pacific (APAC), Europe, the Middle East and Africa (MEA), and Latin America. North
America expected to hold the largest share of the Edge Analytics Market in 2016 due to the
presence of large enterprises, technical experts, and growing demand for edge analytics
technologies in this region. The market in APAC expected to grow at the highest CAGR between
2016 and 2021. The primary driving force for this growth is the massive growth of data through
various channels such as social media, mobile computing, IoT, and bolstering smart cities initiatives
in this region.
The report also encompasses different strategies, such as mergers & acquisitions, partnerships &
collaborations, and product developments, adopted by major players to increase their share in the
market. Some of the major technology vendors include Cisco Corporation (U.S.), Oracle Corporation
(U.S.), SAP SE (Germany), SAS Institute (U.S.), Apigee Corporation (U.S.), Predixion Software (U.S.),
AGT International Inc. (Switzerland), Foghorn Systems (U.S.), CGI Group Inc. (Canada), Analytic Edge
(India), and Prism Tech (U.K.).
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