Edge Analytics Market to Exhibit 32.6% CAGR to 2021
PUNE, India, October 18, 2016 /PRNewswire/ --
The edge analytics market size is estimated to grow from USD 1.94 billion in 2016 to USD 7.96 billion by 2021, driven by increased adoption of edge analytics due to its scalability and cost optimizations while solutions segment is expected to be the fastest growing component in the edge analytics market.
Complete report on edge analytics market spread across 145 pages, profiling 11 companies and supported with 75 tables and 46 figures is now available at http://www.marketreportshub.com/edge-analytics-industry-research-marketsandmarkets.html .
Advent of IoT and proliferation of massive amount of data through connected devices and the increased adoption of edge analytics due to its scalability and cost optimizations has fueled the growth of edge analytics. However, issues pertaining to safety and security and lack of universally accepted standards are acting as the restraining factors for the edge analytics market.
An edge analytics solution are deployed on the edge of the network devices to get real-time analysis of the data generated and provides predictive, prescriptive, as well as diagnostic analysis to the data. The solutions are intended to meet interoperability challenges that arises due to multiple heterogeneous devices connected together and are integrated within the device enabling real time analysis and advance decision making capabilities. The software becomes the vital part of problem solving mechanism and often uses tools such as dashboard, data visualization, reporting, and self-service to highlight the data information and data significance.
APAC is estimated to grow at the highest CAGR during the forecast period. In APAC region, there is a tremendous demand for deployment of edge analytics technologies with advanced analytics solutions that provides comprehensive support and specialty in real-time access of data, facilitating enterprises to comprehend business scenario, and take quicker and faster decisions. Edge analytics will see higher adoption in the market as the government is trying to push the markets for IoT and cloud technologies. In India, the new government is promoting Digital India Program with a vision to transform India into a digitally empowered society and knowledge economy. The companies operating in the APAC region will benefit from the flexible policies of the government as well as the expanding digital market that will have a huge impact on the business community.
The key companies profiled in edge analytics market research report are 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.). Order a copy of Edge Analytics Market by Component (Solutions and Services), Analytics Type, Business Application (Marketing, Sales, Operations, Finance, and Human Resources), Deployment, Vertical, and Region - Global Forecast to 2021 research report at http://www.marketreportshub.com/purchase?rpid=4305 .
In-depth interviews were conducted with CEOs, marketing directors, other innovation & technology directors, and executives from various key organizations operating in the edge analytics market place. In the process of determining and verifying, the global edge analytics market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (17%), Tier 2 (33%) and Tier 3 (50%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (19%), Director Level (26%) and others (55%) from various key organizations operating in the global edge analytics market. The primary interviews were conducted worldwide covering regions such as North America (60%), Europe (10%) and Asia-Pacific (30%).
On a related note, another research on Embedded Analytics Market Global Forecast to 2021 says, advent of big data & internet of things (IoT) is one of the drivers of the embedded analytics market. Dashboards and data visualization sub market accounts for the largest market share during the forecast period. Overall market size is estimated to grow from USD 24.46 billion in 2016 to USD 46.19 billion by 2021 at a CAGR of 13.6%. Companies like Microsoft Corporation, IBM Corporation, SAP SE, OpenText Corporation, Microstrategy Incorporation, Logi Analytics, Sisense Inc., Birst Inc., Information Builders, TIBCO Software Inc. and Qlik have been profiled in this 148 pages research report available at http://www.marketreportshub.com/embedded-analytics-industry-research-marketsandmarkets.html .
Explore more reports on I.T. & Telecommunication market at http://www.marketreportshub.com/categories/i-t-telecommunication .
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