Edge Analytics Market Size, Share, Opportunities, And Trends By Component (Sensors, Switch, Others), By Devices (IoT Devices, Camera, Drones, Smartphones, Others), By End-User (Retail, Power & Energy, Manufacturing, Logistics, Military and Defense, Others), And By Geography - Forecasts From 2025 To 2030

Description

Edge Analytics Market Size:

Edge Analytics Market, growing at a 26.97% CAGR, is projected to achieve USD 29.145 billion by 2030 from USD 8.831 billion in 2025.

Edge Analytics Market Trends:

Edge analytics refers to the technique of processing and extracting valuable insights from data directly at the point of its collection, such as smart devices like drones, IoT devices, smartphones, cameras, and many others. The edge analytics market is experiencing robust growth, driven by the integration of AI and ML, the rapid increase in the number of IoT and connected devices, and supportive government initiatives.

Edge Analytics Market Segmentation Analysis:

• An increasing number of IoT and connected devices bolster the edge analytics market.

The proliferation of the Internet of Things (IoT) and connected devices continues to become more prevalent across various industries, they generate a massive volume of data, presenting both a challenge and an opportunity. Edge analytics addresses this by enabling the processing and analysis of this data directly on the devices where it's collected, rather than requiring it to be sent back to a central server or the cloud. This also allows for real-time insights, which can be crucial for making timely decisions and improving operational performance. The rise in IoT and connected devices is increasing the demand for edge analytics. According to the Cisco report, the average number of devices and connections per person increased from 2.4 in 2018 to 3.6 in 2023.

• Government initiatives drive the edge analytics market expansion.

Governments around the world are increasingly recognizing the potential of advanced technologies such as IoT, AI, and edge computing in improving public services, infrastructure, and security. As a result, they are launching various initiatives and providing funding to promote their adoption and development. Such financial and policy support from governments can therefore create a conducive environment for the growth of the edge analytics industry. For instance, in January 2022, RailTel, under the Central Government, announced plans to establish 'edge data centers' within railway properties across 102 locations. These locations primarily include Tier-2 and Tier-3 towns throughout the country.

• Integration of AI and ML boosts the edge analytics market size.

The integration of Artificial Intelligence (AI) and Machine Learning (ML) is driving the growth of the edge analytics industry by significantly enhancing the capabilities of edge devices which has improved decision-making by accelerating the analysis of sophisticated data. AI and ML algorithms integrated into edge devices can process and analyze data locally. This results in lower latency and real-time insights, making edge analytics more effective for time-sensitive applications. For instance, in June 2020, Olea Edge Analytics launched EdgeWorks Platform 2.0, a cutting-edge solution for water meter monitoring. This platform leverages a potent combination of blockchain technology, artificial intelligence (AI), and machine learning to deliver the industry's most advanced solution for water billing, delivery, and conservation.

Edge Analytics Market Geographical Outlook:

• North America is projected to dominate the edge analytics market.

North America will be the leader owing to the strategic initiatives undertaken by major players in the region which include substantial investments, acquisitions, collaborations, and partnerships. This is contributing to the development and adoption of edge analytics in North America. For instance, in November 2021, Jacobs formed an agreement for the acquisition of BlackLynx, a provider of software-enabled cloud and edge analytics solutions. Also, in 2021, Olea Edge Analytics secured $35 million in a Series C funding round, led by Insight Partners. The funds will be utilized to enhance the development of their platform that integrates cloud, edge computing, sensors, and AI software.

Edge Analytics Market Growth Drivers:

• Complexity may restrain the edge analytics market growth.

The decentralized nature of edge computing, which underpins the concept of edge analytics, may impose certain constraints on the growth of the edge analytics industry. In a decentralized system, data processing takes place on various edge devices located at multiple geographical points, rather than in a centralized server or cloud system. This model introduces complexity in terms of system management. Furthermore, maintaining these systems which could involve tasks like updating software, managing device health, and securing devices from potential threats can be resource-intensive. The need for such resources, coupled with the complexity involved in managing and maintaining a sprawling network of devices, might deter some organizations from adopting edge analytics.

Edge Analytics Market Company Products:

• HPE Intelligent Edge gateways: Hewlett Packard Enterprise (HPE) offers Intelligent Edge gateways that empower organizations to swiftly capture, analyze, and respond to real-time data during collection, which can also be stored for more in-depth analysis at a later time. By facilitating computation and analytics near the data source, or the 'edge', these gateways enhance the speed at which decisions are made, minimizing the risk of overlooking valuable opportunities or failing to notice critical warnings.
• Edge Services: Amazon Web Services (AWS) offers edge services designed to facilitate data processing, analysis, and storage close to endpoints. This allows for the deployment of APIs and tools outside traditional AWS data centers. By creating high-performance applications capable of processing and storing data near its source, these services ensure ultra-low latency, fostering intelligent and immediate responses.
• Azure IoT Edge: Azure IoT Edge, a service offered by Microsoft Corporation, is designed to streamline the development process and improve the functionality of IoT systems. It provides the ability to operate even when offline or when connectivity is intermittent, ensuring consistent performance under varying network conditions. In addition, Azure IoT Edge helps reduce the overall costs of implementing IoT solutions. Furthermore, it allows for remote monitoring of devices on a large scale, making device management more efficient and effective.

List of Top Edge Analytics Companies:

• Hewlett Packard Enterprise
• Amazon Web Service (Amazon)
• Dell Inc. (Dell Technologies)
• Microsoft Corporation
• IBM

Edge Analytics Market Scope:

Edge Analytics Market Segmentation

• By Component
  • Solutions
  • Services
• By Device
  • Smart Cameras
  • Smartphones
  • GPS Devices
  • Others
• By End-User
  • Manufacturing
  • Healthcare
  • IT & Telecommunications
  • Energy & Utilities
  • Transportation & Logistics
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Thailand
    • Others

Our Best-Performing Industry Reports:

• Retail Analytics Market
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Navigation:

• Edge Analytics Market Size:
• Edge Analytics Market Key Highlights:
• Edge Analytics Market Trends:
• Edge Analytics Market Segmentation Analysis:
• Edge Analytics Market Geographical Outlook:
• Edge Analytics Market Growth Drivers:
• Edge Analytics Market Company Products:
• List of Top Edge Analytics Companies:
• Edge Analytics Market Scope:
• Our Best-Performing Industry Reports:

Table Of Contents

1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. EDGE ANALYTICS MARKET BY COMPONENT

5.1. Introduction

5.2. Solutions

5.3. Services

6. EDGE ANALYTICS MARKET BY DEVICE

6.1. Introduction

6.2. Smart Cameras

6.3. Smartphones

6.4. GPS Devices

6.5. Others

7. EDGE ANALYTICS MARKET BY END-USER

7.1. Introduction

7.2. Manufacturing

7.3. Healthcare

7.4. IT & Telecommunications

7.5. Energy & Utilities

7.6. Transportation & Logistics

7.7. Others

8. EDGE ANALYTICS MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. Germany

8.4.2. France

8.4.3. United Kingdom

8.4.4. Spain

8.4.5. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Others

8.6. Asia Pacific

8.6.1. China

8.6.2. India

8.6.3. Japan

8.6.4. South Korea

8.6.5. Indonesia

8.6.6. Thailand

8.6.7. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. Hewlett Packard Enterprise

10.2. Amazon Web Services, Inc.

10.3. Dell Inc. 

10.4. Microsoft Corporation

10.5. IBM

10.6. Oracle Corporation

10.7. Cisco Systems Inc.

10.8. Siemens AG

10.9. iba AG

10.10. Analytics Edge (C5i)

11. APPENDIX

11.1. Currency 

11.2. Assumptions

11.3. Base and Forecast Years Timeline

11.4. Key benefits for the stakeholders

11.5. Research Methodology 

11.6. Abbreviations 

LIST OF FIGURES

LIST OF TABLES

Companies Profiled

Hewlett Packard Enterprise

Amazon Web Services, Inc.

Dell Inc. 

Microsoft Corporation

IBM

Oracle Corporation

Cisco Systems Inc.

Siemens AG

iba AG

Analytics Edge (C5i)

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