Edge Analytics Market Size, Share, Trends, Growth and Forecast 2032

Global Edge Analytics Market: Insights

According to the report published by Zion Market Research, the global Edge Analytics Market size was valued at USD 10.87 Billion in 2023 and is predicted to reach USD 75.86 Billion by the end of 2032. The market is expected to grow with a CAGR of 24.1% during the forecast period. The report analyzes the global Edge Analytics Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Edge Analytics industry.

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Global Edge Analytics Market: Overview

The examining analysis surveys edge computing specially as an analytic proposal and also as an advance for analyzing information closely along with its source, other than sending it to an inaccessible server for cloud-level examination. These are computing tasks that can be done possibly also in the cloud. In a wider sense of the term, edge analytics can be also seen as connecting tasks. Edge analytics market is mainly a substitute to big data Analytics. It gives the real-time study of data produced on the edge of system devices. Edge Analytics presents the automated analytical computation of composed facts in real time as an alternative to sending the information back to the centralized information store.

Edge analytics is considered as one of the most important movements in the Internet of Things, it is the shifting balance between cloud computing and edge computing. The early days of conceptual precursor and the IoT, M2M have been classified by the significant role of cloud platforms also act as application enablers. Intelligent systems have mostly depended on the cloud level for their acumen, and the real devices of which they have been comparatively ingenuous. This old assertion is presently being shaken up, as the computing competence on the edge level proceeds faster as compared to the cloud level.

Global Edge Analytics Market: Growth Factors

Initiation of IoT and proliferation of huge amount of information through related devices and the augmented acceptance of edge analytics market due to its scalability and expenditure optimizations have increased the development of the global edge analytics market. On the other hand, concerns pertaining to protection and security and lack of unanimously accepted standards are also acting as the limiting features for the global edge analytics market. An edge analytics solution is organized on the edge of the system devices to obtain the real-time analysis of the information produced, projecting, and prescriptive, as well as analytic to the data. The solutions are planned to meet inter-operability challenges that occurs due to several heterogeneous devices linked together and are incorporated within the tool.

Key Insights

• As per the analysis shared by our research analyst, the global Edge Analytics Market is estimated to grow annually at a CAGR of around 24.1% over the forecast period (2024-2032).
• In terms of revenue, the global Edge Analytics Market size was valued at around USD 10.87 Billion in 2023 and is projected to reach USD 75.86 Billion by 2032.
• Based on the solution, This dominance is driven by the increasing demand for real-time data processing and decision-making capabilities at the edge, particularly in industries such as manufacturing, healthcare, and transportation.
• Based on the deployment model, the cloud segment holds the largest share, exceeding 50% in 2022. This is attributed to the scalability, flexibility, and cost-effectiveness of cloud-based solutions, which are increasingly preferred by organizations for deploying edge analytics applications.
• Based on the industry vertical, the IT and telecom sector is the leading adopter of edge analytics, driven by the need for real-time monitoring, network optimization, and handling the surge in data from connected devices.
• Based on the type, descriptive analytics is the most dominant segment, capturing the largest revenue share in 2023. This is due to its ability to provide insights into past performance, helping businesses understand trends and make informed decisions.
• Based on the region, North America leads the edge analytics market, accounting for over 34% of the global revenue in 2022. This leadership is supported by the widespread adoption of edge analytics solutions across various industries and the presence of major market players in the region.

Global Edge Analytics Market: Report Scope

Global Edge Analytics Market: Segmentation

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The global edge analytics market is divided based on the solution, deployment model, industry vertical, type, and geography. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Based on the solution, it is divided into service and software.

Based on the type, it is divided into predictive analytics, historical analysis, and prescriptive analytics.

On the basis of deployment model, it is divided into on-premise and cloud.

Based on industry vertical, it is classified as retail, transportation, public sector, IT & telecom, manufacturing, healthcare, energy & utility, and others.

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Global Edge Analytics Market: Regional Analysis

The global edge analytics market is examined across Europe, North America, and Asia-Pacific. Development in a number of associated devices in IoT and rush in demand for real-time and advanced analytics add up to the market development in Europe and North America and. In addition, the Middle East and Latin America are anticipated to gain grip, but the development is anticipated to be constant in the coming years.

Global Edge Analytics Market: Competitive players

The key players for the global edge analytics market are:

• Dell Inc.
• Equinix, Inc.
• Greenwave Systems
• HP Inc.
• Cisco Systems, Inc.
• IBM Corporation
• Ignazio
• Intel Corporation
• Microsoft Corporation
• Oracle Corporation.

Edge Analytics Market: Segmentation

The Global Edge Analytics Market is segmented as follows:

By Solution 

• Service
• Software 

By Deployment Model 

• Predictive Analytics 
• Historical Analysis 
• Prescriptive Analytics

By Industry Vertical 

• On-Premise
• Cloud 

By Type 

• Retail
• Transportation
• Public Sector
• IT & Telecom 
• Manufacturing
• Healthcare
• Energy & Utility
• And Others

Global Edge Analytics Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.