Edge Analytics Market is projected to grow up to USD 9.62 billion by 2027 growing at a CAGR of 32.8% during the forecasting period 2021-2027.
Edge analytics is the analysis of data collected from a non-central location in a system, such as a sensor, network switch, or peripheral node. Large data centres, central repository, or hadoop clusters are used to process big data analytics in a centralised manner. According to the edge analytics idea, analysts focus on acquiring data directly from active devices, eliminating the need to move all data to a central warehouse and saving time and money. Edge analytics are being used by cloud providers all around the world to analyse linked devices and networks. Google, for example, is expanding its Cloud IoT software platform to include edge networking. Analytics is the next frontier for innovation, competition, productivity, and wise decision making, thanks to a new generation of data analytical tools that have the potential to release even more value. A growing number of businesses are setting out to create a big data ecosystem that will bring together a vast number of diverse datasets. Edge analytics, which includes putting computation closer to these edge devices to provide useful insights based on real-time data, is poised to profit in this area.
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Edge Analytics Market, By Component
Solution
Services
Edge Analytics Market, By Type
Descriptive analytics
Predictive analytics
Prescriptive analytics
Diagnostic analytics
Edge Analytics Market, By Business Application
Marketing
Sales
Operations
Finance
Human Resources
Edge Analytics Market, By Deployment Model
On-premises
On-cloud
Edge Analytics Market, By Vertical
Healthcare and Life Sciences
BFSI
Manufacturing
Retail and Consumer Goods
IT and Telecommunication
Transportation and Logistics
Media and Entertainment
Energy and Utility
Government and Defence
Travel and Hospitality
Others
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