Growth Opportunities in the Global Edge Analytics Market, Forecast to 2025

October 2020 •
63 pages •
Report ID: 5983617 •
Format: PDF

Summary
Table of contents

This study focuses on the global edge analytics software market.Edge analytics solutions utilize devices such as routers, sensors, integrated access devices (IADs), and multiplexers to sift through and rank large amounts of data.

Edge analytics software analyzes data on the device, reduces latency, eliminates the need for large amounts of data transfers, maintains data privacy, provides real-time actionable insights locally, reduces cost, and increases scale.Several Big Data analytics (BDA) vendors expand their product portfolio to include edge analytics solutions and provide insights in real-time, rather than moving data to a central hub for analysis.

Edge ecosystem vendors collaborate to push the technology forward and compete to gain first-mover advantage across industry verticals and locations. There is a consensus that a single vendor cannot deliver on all future use cases; collaboration is becoming the key to market expansion.

Key revenue contributors in the market include SAS, C3.ai, SAP, Rockwell Automation, and FogHorn Systems. Other market vendors include Swim.ai and Guavus. Edge vendors such as Siemens, Intel, SiSense, and NVIDIA are still piloting edge software solutions driven by use cases; however, they have not been included in the analysis this year. Additionally, IBM, Microsoft, and Amazon Web Services (AWS) provide open-source solutions or software development kits to support the developer community in creating edge analytics solutions. The need for real-time insights drives the market growth. In manufacturing, factories are dependent on uptime; to predict machine maintenance needs, they process data on the edge to avoid bandwidth and latency issues and draw real-time insights for timely action. The market is also affected by organizational competition, dissatisfaction with BDA solutions, and the new revenue generation through data monetization. However, the market has been unable to reach its full potential due to insufficient data hygiene, difficulty proving return on investment, data security challenges, lack of data standardization, and a shortage of skilled labor.

Ahmad helps you find the right report:

+1 718 618 4302
Contact by email

FAQ

Testimonials

The market research advisor answered my questions quickly and professionally. ReportBuyer's team did their best to ensure that I felt comfortable before making the investment to purchase the report.

Cristian Nunez

Director of Corporate Development Chugach Alaska Corporation

My overall experience with ReportBuyer today has been very positive, and I must thank you for your patience (...). Also, the sample you sent me and the explanations provided were very helpful.

D. Lescuyer

Executive Vice President Oral Business at Skyepharma

The research specialist was very helpful, and proposed the best content for my needs. ReportBuyer also offered a great follow-up, thanks for everything !

P. Thompson

EMEA Managing Director

We were satisfied with the support that ReportBuyer's team provided. Thanks to their recommendations, the report we purchased provided exactly what we want.

Y. Wang

Business Analyst

We didn't have time to do the research internally, and thanks to ReportBuyer's team we were able to find the appropriate data.

S. Chen

Research Coordinator

I was impressed by the customer service: it was fast, responsive, and 100% professional !

D. Krivan

Market Research Analyst

The research specialist provided prompt and helpful service. He also followed up to ensure I had all the information to deliver my business development plan.

C. Adams

Senior Business Development Manager