Dublin, Sept. 12, 2023 (GLOBE NEWSWIRE) -- The "Edge Analytics: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Edge Analytics Market to Reach $68.7 Billion by 2030
In 2022, the global Edge Analytics market stood at a substantial $10 billion, and the future looks even more promising. Projections indicate a staggering growth rate, with the market expected to reach an impressive $68.7 billion by 2030, boasting a remarkable compound annual growth rate (CAGR) of 27.2% over the analysis period from 2022 to 2030.
This comprehensive analysis encompasses various vital aspects, including solutions, services, predictive analytics, diagnostic analytics, prescriptive analytics, and descriptive analytics. The assessment spans across different geographic regions, evaluating annual revenues from 2022 to 2030 and delving into historical data from 2015 to 2021. Furthermore, the report offers an insightful 15-year perspective, breaking down value revenues for the pivotal years of 2015, 2023, and 2030.
Key sectors, such as IT & Telecom, BFSI, Transportation & Logistics, Manufacturing, Retail & Consumer Goods, Energy & Utility, and Other Verticals, are under scrutiny, providing valuable insights into market trends and performance from the past, present, and future perspectives.
Among the segments analyzed, solutions are expected to take the lead with an impressive 25.6% CAGR, ultimately reaching $47.2 billion by the end of the analysis period. The Services segment, considering the ongoing post-pandemic recovery, shows strong growth prospects, readjusting to a revised 31.6% CAGR over the next eight years.
The U.S. is estimated to dominate the Edge Analytics market in 2022, with an estimated value of $6.9 billion. Notably, China, the world's second-largest economy, is forecasted to achieve a significant market size of $2.7 billion by 2030, driven by an astonishing CAGR of 34.1% from 2022 to 2030.
In addition to these key markets, Japan and Canada are expected to witness remarkable growth rates of 20.6% and 24.9%, respectively, during the 2022-2030 period. Within Europe, Germany is projected to maintain a robust growth trajectory, with an estimated CAGR of approximately 24.2%. These insights underscore the immense growth potential and opportunities within the dynamic Edge Analytics sector.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 804 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $10 Billion |
| Forecasted Market Value (USD) by 2030 | $68.7 Billion |
| Compound Annual Growth Rate | 27.2% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- Impact of Covid-19 and a Looming Global Recession
- Businesses Look into Leveraging Edge Analytics
- Edge Analytics - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Edge Analytics: An Overview
- Application of Edge Analytics
- Comparing Edge Analytics and Cloud Analytics
- Market Outlook
- Regional Landscape
- Competition
MARKET TRENDS & DRIVERS
- Rise in IoT Ecosystem, the Cornerstone for Future Growth
- Global Number of IoT Connected Devices (In Billion) for the Years 2016, 2018, 2020, 2022 & 2025
- IoT Big Data Generated by Connected Devices Worldwide (In Zettabytes) for the Years 2018 & 2025
- Increasing Shift of Enterprise Apps and Systems to Cloud Benefits Edge Analytics
- Edge Analytics to Co-Exist with Cloud Analytics
- Hybrid IoT Analytics: Combining the Best of Cloud-based IoT Analytics and Analytics at the Edge
- Rise of Smart Cities & Focus on Smart Energy Management Opens Up Opportunities for Edge Analytics
- Global Smart Meter Annual Spending (In US$ Billion) for the Years 2017, 2019, and 2021
- Accelerating Pace of Connected Care Adoption Drives Opportunities for Edge Analytics
- Global % Share of IoT in Healthcare by Application Area for the Year 2020E
- Edge Analytics Hold Potential to Improve Competitiveness for Retailers
- IoT in the Global Retail Industry (In US$ Billion) by Application for the Years 2018 and 2025
- Global E-Commerce Market as a % of Retail Sales for the Period 2017-2023
- With Efficiency Gaining Importance in Manufacturing, Edge Computing Gains Significance
- Global Investments in Industrial IoT (IIoT) Platforms (In US$ Million) for the Years 2018, 2020, 2022 and 2025
- Amid the Growing Number of Transportation Companies Leveraging IoT for Smart Fleet Management, Edge Analytics Gains Prominence
- Global Smart Fleet Management Market (In US$ Billion) for the Years 2018, 2022 and 2024
- Predictive Analytics in Machine & Equipment Maintenance
FOCUS ON SELECT PLAYERS(Total 139 Featured)
- AGT International Inc.
- Analytic Edge
- CGI Group Inc.
- Cisco Corporation
- Dell Inc.
- Equinix, Inc.
- Foghorn Systems
- Greenwave Systems, Inc
- HP Inc.
- IBM Corporation
- Intel Corporation
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- SAS Institute
For more information about this report visit https://www.researchandmarkets.com/r/29zqzr
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