In a recent published report, Kenneth Research has updated the market report for Edge Analytics Market for 2024 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2024- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2024, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2024. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2024. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2024. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2024 till March 2024 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Edge Analytics Market products.
Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10008657
Kenneth Research, in its repository of market research reports, have recently added a report on Edge Analytics Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2024 2030. The Edge Analytics Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide.
According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.
Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2030.
The Global Edge Analytics Market was valued at USD 2.01 billion in 2016 and is projected to reach USD 30.40 billion by 2025, growing at a CAGR of 35.23% from 2017 to 2025.
Edge analytics is an approach to data collection and analysis in which an automated analytical computation is performed on data at a sensor, network switch or other device instead of waiting for the data to be sent back to a centralized data store. The key benefits of edge analytics include – low latency, decreased storage costs, linear scalability, real-time analysis of data, reduced data sent back to the cloud, lower cost related to data management and operations.
The Final Report will cover the impact analysis of COVID-19 on this industry:
Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10008657
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Reduction in operational cost and boost performance through predictive maintenance
1.2 Increasing demand for edge analytics in B2B
1.3 Increasing adoption of technologies such as IoT, machine learning, NLP, cloud computing
1.4 Growing demand of edge analytical solutions
1.5 Emergence of predictive and real-time intelligence on network device
1.6 Edge analytics improves scalability and cost optimization
2. Market Restraints
2.1 Safety and security concerns
2.2 Lack of proper standards
2.3 Low investment in new technologies by enterprises
2.4 Rapidly changing organizational data
Market Segmentation:
The Global Edge Analytics Market is segmented on the analytics type, component, deployment model, business application, vertical, and region.
1. Analytics Type:
1.1 Prescriptive Analytics
1.2 Descriptive Analytics
1.3 Diagnostic Analytics
1.4 Predictive Analytics
2. By Component:
2.1 Solutions
2.2 Services
2.2.1 Managed services
2.2.2 Professional services
2.2.2.1 Support and maintenance services
2.2.2.2 Consulting services
3. By Deployment Mode:
3.1 On-cloud
3.2 On-premises
4. By Business Application:
4.1 Finance
4.2 Marketing
4.3 Human Resources
4.4 Sales
4.5 Operations
5. By Vertical:
5.1 Healthcare
5.2 Government and Defense
5.3 IT and Telecom
5.4 Banking, Financial Services, and Insurance (BFSI)
5.5 Transportation and Logistics
5.6 Retail and Consumer Goods
5.7 Manufacturing
5.8 Media and Entertainment
5.9 Others
6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. CGI Group Inc.
2. SAP SE
3. Apigee Corporation
4. Oracle Corporation
5. Cisco Systems, Inc.
6. Prism Tech
7. SAS Institute Inc.
8. Foghorn Systems
9. AGT International Inc.
10. Analytic Edge
11. Predixion Software
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Request For Full Report: https://www.kennethresearch.com/sample-request-10008657
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Edge Analytics Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team
About Kenneth Research:
Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.
Contact Us
Kenneth Research
Email: [email protected]
Phone: +1 313 462 0609
Downhole Equipment Market
Floating Production System Market
Edge Computing Market
Enhanced Oil Recovery (EOR) Market
Microbial Enhanced Oil Recovery (MEOR) Market
Oil Country Tubular Goods (OCTG) Market
