Technology
Edge Analytics Market Size to Grow by USD 6.51 Billion | Growing Availability and Complexity of Data to Boost Market Growth | 17,000+ Technavio Research Reports

Edge Analytics Market Size to Grow by USD 6.51 Billion | Growing Availability and Complexity of Data to Boost Market Growth | 17,000+ Technavio Research Reports


NEW YORK, Dec. 24, 2021 /PRNewswire/ — The “Edge Analytics Market by Component (solutions and services) and Geography (North America, Europe, APAC, MEA, and South America) – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.

The potential growth difference for the edge analytics market between 2021 and 2026 is USD 6.51 billion, as per the latest market analysis report by Technavio. The report also identifies the market to witness a decelerating growth momentum at a CAGR of 17.41% during the forecast period. Factors influencing the market growth positively and adversely will also be covered in this report in a comprehensive analysis.

To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.

Key Market Dynamics:

  • Market Driver
  • Market Challenges

The growing availability and complexity of data and the growing need to improve business efficiency are some of the key market drivers. Businesses across the globe are increasingly focusing on managing large amounts of complex data. Intelligent techniques involving technologies such as ML and AI can help companies retrieve the huge amount of complex data in a useful manner and use that data to enhance their services and business processes. companies rely on analytics for performing such tasks. In addition, the increasing volume of data, unlike legacy data types, is not well-structured, especially written data that includes customer reviews, feedback, and social posts. Hence, the demand for analytics is increasing as the data must be processed into valuable information. 

However, factors such as data privacy and security concerns will challenge market growth. Data privacy and security concerns are the major challenges in any organization, as devices are interconnected to the Internet and dependent on private and public networks. Critical data is transferred through networks such as IoT or the cloud, so a highly secured environment needs to be established. The possibility of cyber intrusion will result in less adoption of cloud-based solutions and analytics services (third-party services). These factors are expected to hamper the growth of the analytics market during the forecast period.

To learn about additional key drivers, trends, and challenges available with TechnavioRead our FREE Sample Report!

Key Market Segment Analysis:

The edge analytics market report is segmented by Component (solutions and services) and Geography (North America, Europe, APAC, MEA, and South America). The solutions segment held the largest edge analytics market share in 2021 and will continue to retain its dominance in the market throughout the forecast period. In terms of geography, North America will be the leading region with 31% of the market’s growth during the forecast period. The US and Canada are the key markets for edge analytics in North America. However, the market growth rate in North America will be slower than the growth of the market in other regions. An increase in data generation and the need to analyze the data will facilitate the edge analytics market growth in North America over the forecast period.

View our sample report for additional insights into the contribution of all the segments and regional opportunities

Some Companies Mentioned

    • ABB Ltd.
    • Analytic Edge
    • CGI Inc.
    • Cisco Systems Inc.
    • Equinix Inc.
    • FogHorn Systems
    • Greenwave Systems
    • Oracle Corp.
    • SAP SE
    • SAS Institute Inc.
  • To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

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Data Analytics Market by Component and Geography – Forecast and Analysis 2022-2026

Edge Analytics Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 17.41%

Market growth 2022-2026

USD 6.51 billion

Market structure

Fragmented

YoY growth (%)

19.97

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 31%

Key consumer countries

US, China, UK, Germany, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ABB Ltd., Analytic Edge, CGI Inc., Cisco Systems Inc., Equinix Inc., FogHorn Systems, Greenwave Systems, Oracle Corp., SAP SE, and SAS Institute Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

  • Executive Summary
  • Market Landscape
  • Market Sizing
  • Five Forces Analysis
  • Market Segmentation by Component
  • Customer landscape
  • Geographic Landscape
  • Vendor Landscape
  • Vendor Analysis
  • Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:media@technavio.com

Website: www.technavio.com/

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SOURCE Technavio



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