The market for edge analytics is estimated to be worth US$ 7 billion in 2023 and reach US$ 62 billion by 2033, growing at a remarkable CAGR of 24.3% from 2023 to 2033. (forecast period). Edge analytics provides in-the-moment analysis of unstructured data generated by network edge devices.
Edge analytics performs autonomous analytical calculations on obtained data in real time rather than sending it back to a centralised data storage or server. Edge analytics uses machine learning and advanced analytics at the site of data collection to help firms swiftly acquire more sophisticated data. Additionally, it improves efficiency, reduces downtime, and increases throughput.
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Why is Edge Analytics Exhibiting Such High Demand?
The fundamental benefit of edge analytics is that it reduces latency, which improves system performance as a whole. Additionally, it enables users to react to certain data points more quickly, such as turning off a jet engine that is getting too hot, without having to consult a centralised protocol.
Application developers can leverage local computing cycles without incurring network latency because data processing takes place at the edge. This makes it possible for developers to access data immediately, which is advantageous for applications like OT management, predictive maintenance, and machine learning.
Key Companies Profiled
- AGT International Inc
- CGI Group Inc
- Analytic Edge
- Cisco Corporation
- Dell Inc
- Foghorn Systems
- Greenwave Systems, Inc
- Equinix, Inc
- HP Inc
In order to help market leaders, investors, small businesses, and others gain insight into the global market, Edge Analytics market global report offers reliable and useful industry information and statistics on the domestic and international markets.
Participants in the market are provided with the knowledge they need to make vitally important decisions, such as market expansion and foreign market investment, thanks to the study. The study makes predictions about upcoming business, political, and economic trends and developments that may have an impact on how they behave on a national and international level.
What are the key benefits of this Edge Analytics market research report?
- The report does a CAGR computation and covering regulatory updates, best market practices, and new trends in the market.
- The report does international Edge Analytics market analysis providing economic forecasts and country wise intelligence, risks forecast, and more.
- The report provides domestic as well as international planning in terms of business expansion and investments.
- The report suggests strategies to the key participants that to enable them expand in their business in existing or new international markets.
- The report is the overall outlook of the global industry economy.
- The report covers all the topics in the Edge Analytics market to accurately predict the changes political, economic, and business issues and trends that may drive the market in future.