The Edge Analytics Market size is estimated at USD 13.88 billion in 2024, and is expected to reach USD 41.75 billion by 2029, growing at a CAGR of 24.64% during the forecast period (2024-2029).
Edge Analytics is an emerging technology expected to ease the load on cloud servers as it is closer to the data source. Edge Analytics can analyze data in real-time, enabling higher dependencies on cloud services. Industries like Manufacturing, healthcare, and retail are expected to benefit the most from the real-time availability of processed data, enabling them to achieve higher efficiencies using real-time decision-making.
The edge analytics market is highly fragmented with the presence of major players like Cisco Systems Inc., Oracle Corporation, SAS Institute Inc., IBM Corporation, and Apigee Corporation. Players in the market are adopting strategies such as partnerships, innovations, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook