Global Edge Analytics Market Report and Forecast 2023-2028

Global Edge Analytics Market Report and Forecast 2023-2028


Market Outlook

According to the report by Expert Market Research (EMR), the global edge analytics market reached a value of USD 8.57 billion in 2022. Aided by the shift towards decentralised data processing and the mounting volumes of data generated by edge devices, the market is projected to further grow at a CAGR of 15.47% between 2023 and 2028 to reach a value of USD 19.5 billion by 2028.

Edge analytics, at its core, refers to the approach of processing and analysing data at the edge of a network, either closer to or on the data source itself, such as sensors, IoT devices, or other connected devices. It's a paradigm shift from traditional centralised data analysis, ensuring real-time data processing, reduced latency, and data optimisation. With the Internet of Things (IoT) expanding its horizons, edge analytics becomes the cornerstone to manage the deluge of data efficiently, paving the way for actionable, instantaneous insights.

The rapid proliferation of IoT devices underscores the surge in the global edge analytics market development. As devices get smarter and more interconnected, the quantum of data generated is staggering. Centralised data processing models grapple with latency issues, unable to process this data avalanche in real-time. Edge analytics swoops in as the saviour, processing data on-site, slashing response times, and enhancing decision-making processes.

Moreover, industries today operate in a dynamic ecosystem where real-time analytics is not just a luxury but a necessity. Whether it's manufacturing units wanting to predict equipment failures, retailers seeking instant insights into customer preferences, or healthcare professionals monitoring patient health metrics, the need for immediate data analysis is paramount. Edge analytics, with its promise of real-time processing, is thus finding takers across multiple sectors, fuelling its growth trajectory.

Another catalyst shaping the edge analytics market dynamics is the stringent data privacy regulations governing today's digital landscape. Transferring vast amounts of data to central repositories poses security threats and compliance challenges. Edge analytics, by minimising data transfer and processing data locally, enhances security and aligns better with data governance frameworks.

Furthermore, the advent of 5G technology is set to provide a significant boost to the edge analytics market expansion in the forecast period. 5G, with its lightning-fast speeds and reduced latencies, synergises perfectly with edge computing paradigms, ensuring seamless data transfer and analysis. As 5G deployment becomes more widespread, its interplay with edge analytics will become more pronounced, driving the market growth.

The energy sector, particularly renewables, also presents a lucrative avenue for edge analytics market growth. Solar farms, wind turbines, and other renewable sources generate vast amounts of data. Analysing this data at the source helps in real-time monitoring, predicting equipment failures, and optimising energy outputs. As the world pivots towards sustainable energy sources, edge analytics will play a pivotal role in making these sources more efficient.

Market Segmentation

The market can be divided based on component, type, business application, deployment model, industry vertical, and region.

Market Breakup by Component
  • Solution
  • Services
Market Breakup by Type
  • Descriptive Analytics
  • Predictive Analytics
  • Prescriptive Analytics
  • Diagnostic Analytics
Market Breakup by Business Application
  • Marketing
  • Sales
  • Operations
  • Finance
  • Human Resources
Market Breakup by Deployment Model
  • On-Premises
  • Cloud
Market Breakup by Industry Vertical
  • Healthcare
  • Energy
  • Automation
  • Agriculture
  • Manufacturing
  • Transportation
  • Others
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global edge analytics companies. Some of the major key players explored in the report by Expert Market Research are as follows:
  • Cisco Systems, Inc
  • Oracle Corporation
  • SAP SE
  • SAS Institute, Inc
  • IBM Corporation
  • Predixion Software
  • Amazon Web Services, Inc.
  • Hewlett Packard Enterprise
  • Intel Corporation
  • Microsoft Corporation
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Edge Analytics Market Analysis
8.1 Key Industry Highlights
8.2 Global Edge Analytics Historical Market (2018-2022)
8.3 Global Edge Analytics Market Forecast (2023-2028)
8.4 Global Edge Analytics Market by Component
8.4.1 Solution
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Services
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Edge Analytics Market by Type
8.5.1 Descriptive Analytics
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Predictive Analytics
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Prescriptive Analytics
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Diagnostic Analytics
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.6 Global Edge Analytics Market by Business Application
8.6.1 Marketing
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Sales
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Operations
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Finance
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Human Resources
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
8.7 Global Edge Analytics Market by Deployment Model
8.7.1 On-Premises
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Cloud
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.8 Global Edge Analytics Market by Industry Vertical
8.8.1 Healthcare
8.8.1.1 Historical Trend (2018-2022)
8.8.1.2 Forecast Trend (2023-2028)
8.8.2 Energy
8.8.2.1 Historical Trend (2018-2022)
8.8.2.2 Forecast Trend (2023-2028)
8.8.3 Automation
8.8.3.1 Historical Trend (2018-2022)
8.8.3.2 Forecast Trend (2023-2028)
8.8.4 Agriculture
8.8.4.1 Historical Trend (2018-2022)
8.8.4.2 Forecast Trend (2023-2028)
8.8.5 Manufacturing
8.8.5.1 Historical Trend (2018-2022)
8.8.5.2 Forecast Trend (2023-2028)
8.8.6 Transportation
8.8.6.1 Historical Trend (2018-2022)
8.8.6.2 Forecast Trend (2023-2028)
8.8.7 Others
8.9 Global Edge Analytics Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2022)
8.9.1.2 Forecast Trend (2023-2028)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2022)
8.9.2.2 Forecast Trend (2023-2028)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2022)
8.9.3.2 Forecast Trend (2023-2028)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2022)
8.9.4.2 Forecast Trend (2023-2028)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2022)
8.9.5.2 Forecast Trend (2023-2028)
9 North America Edge Analytics Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Edge Analytics Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Edge Analytics Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Edge Analytics Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Edge Analytics Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Cisco Systems, Inc
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Oracle Corporation
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 SAP SE
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 SAS Institute, Inc
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 IBM Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Predixion Software
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Amazon Web Services, Inc.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Hewlett Packard Enterprise
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Intel Corporation
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Microsoft Corporation
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market

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