According to a new market research report "EdgeAnalytics Market by Component (Solutions and Services), Analytics Type,Business Application (Marketing, Sales, Operations, Finance, and HumanResources), Deployment, Vertical, and Region - Global Forecast to2021" published by MarketsandMarkets™. The data discovers that themarket is estimated to grow from USD 1.94 Billionin 2016 to USD 7.96 Billion by 2021, at a CompoundAnnual Growth Rate (CAGR) of 32.6%.

Browse 75 market data Tables and 46 Figures spread through 145Pages and in-depth TOC on "Edge Analytics Market"

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Advent of Internet of Things (IOT) & proliferationof massive amount of data through connected devices, and predictive &real-time intelligence on network devices acts as a catalyst to the growingadoption of Edge Analytics Solutions and services.

The Edge Analytics Ecosystemcomprises solutions and service providers such as, Cisco Corporation (U.S.),Oracle Corporation (U.S.), SAP SE (Germany), SAS Institute (U.S.), ApigeeCorporation (U.S.), Predixion Software (U.S.), AGT International Inc.(Switzerland),Foghorn Systems (U.S.), CGI Group Inc. (Canada), Analytic Edge(India), and Prism Tech (U.K.),

On-cloud market to grow at thehighest rate during the forecast period:

The market, by deployment model hasbeen segmented into on-premises and on-cloud model. On-cloud deployment modelexpected to witness the highest CAGR during the period 2016 to 2021. On-clouddeployment model will gain traction in the coming years owing to the costeffectiveness, agility, and affordability it offers to the end customer.

Predictive analytics type to grow atthe highest rate during the forecast period

Edge Analytics Market categorizedinto four analytics types, namely, predictive, perceptive, diagnostic, anddescriptive analytics. Predictive analytics type expected to grow at thehighest CAGR over the forecasted period. Predictive analytics would be a gamechanger in the business environment predicting the outcomes before the occurrenceof actual events.

North America is expected to dominate the edge analytics marketduring the forecast period:

The Edge Analytics Market segments the global market on the basis ofregions, which include North America, Asia-Pacific (APAC), Europe,the Middle East and Africa(MEA), and Latin America. North America expected to hold the largest share ofthe Edge Analytics Market in 2016 due to the presence of large enterprises,technical experts, and growing demand for edge analytics technologies in thisregion. The market in APAC expected to grow at the highest CAGR between 2016and 2021. The primary driving force for this growth is the massive growth ofdata through various channels such as social media, mobile computing, IoT, andbolstering smart cities initiatives in this region.

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