HOME Top Market Reports Edge Analytics Market by Component (Solutions and Services), Analytics Type, Business Application (Marketing, Sales, Operations, Finance, and Human Resources), Deployment, Vertical, and Region - Global Forecast to 2021

Edge Analytics Market by Component (Solutions and Services), Analytics Type, Business Application (Marketing, Sales, Operations, Finance, and Human Resources), Deployment, Vertical, and Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: October 2016
Report Code: TC 4651

 

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The edge analytics market size is estimated to grow from USD 1.94 Billion in 2016 to USD 7.96 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 32.6 % during the forecast period. The base year considered for this report is 2015 and the forecast period is 2016-2021.

Objectives of the study:

The main objective of this report is to define, describe, and forecast the global edge analytics market on the basis of component, type, business application, deployment model, vertical, and region. The report provides detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges. It aims to strategically analyze micro markets with respect to individual growth trends, future prospects, and contribution to the total market. The report attempts to forecast the market size with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and Latin America. It strategically profiles key players and comprehensively analyzes their core competencies. This report also tracks and analyzes competitive developments such as joint ventures, Mergers and Acquisitions (M&A), new product developments, and Research & Development (R&D) activities in the edge analytics market.

The research methodology used to estimate and forecast the edge analytics market begins with capturing data on key vendor’s revenues through secondary research. The sources referred for secondary research include, Hoovers, Bloomberg Businessweek, Factiva, and OneSource. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global edge analytics market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments, which were then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary is depicted in the below figure:

Edge Analytics Market

To know about the assumptions considered for the study, download the pdf brochure

The edge analytics ecosystem comprises solutions and service providers such as, Cisco Corporation (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), SAS Institute (U.S.), Apigee Corporation (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.),

Key Target Audience:

  • Independent Software Vendors
  • Cloud Service Providers
  • Business Analytics Software Providers
  • Application Design and software developers
  • System Integrators
  • IT Service Providers

Study answers several questions for the stakeholders, primarily which market segments to focus in the next two to five years for prioritizing the efforts and investments”.

Scope of the Report

The research report categorizes the edge analytics market to forecast the revenues and analyze the trends in each of the following subsegments:

By Component

  • Solution
  • Services

By Type

  • Descriptive Analytics 
  • Predictive Analytics
  • Prescriptive Analytics
  • Diagnostic Analytics

By Business Application

  • Marketing
  • Sales
  • Operations
  • Finance
  • Human Resources

By Deployment Model

  • On-Premises
  • On-Cloud

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 Defense
  • Travel And Hospitality
  • Others

By Region

  • North America
  • Europe
  • Middle East and Africa (MEA)
  • Asia-Pacific (APAC)
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix which gives a detailed comparison of product portfolio of each company

Geographic Analysis

  • Further breakdown of the North America edge analytics market
  • Further breakdown of the Europe market
  • Further breakdown of the APAC market
  • Further breakdown of the MEA market
  • Further breakdown of the Latin America market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 28)
    4.1 Attractive Market Opportunities in the Edge Analytics Market
    4.2 Market Share of Top Three Analytics Types and Regions
    4.3 Lifecycle Analysis, By Region
    4.4 Market Investment Scenario
    4.5 Top Three Verticals

5 Market Overview (Page No. - 31)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Component
           5.2.2 By Business Application
           5.2.3 By Type
           5.2.4 By Deployment Model
           5.2.5 By Vertical
           5.2.6 By Region
    5.3 Evolution
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Advent of IoT and Proliferation of Massive Amount of Data Through Connected Devices
                    5.4.1.2 Predictive and Real-Time Intelligence on Network Devices Acts as A Catalyst to the Growth of Edge Analytics
                    5.4.1.3 Adoption of Edge Analytics Increases Scalability and Cost Optimization
           5.4.2 Restraints
                    5.4.2.1 Issues Pertaining to Safety and Security
                    5.4.2.2 Lack of Universally Accepted Standards
           5.4.3 Opportunities
                    5.4.3.1 Increasing Demand of More Edge Analytical Solutions Across Industries
                    5.4.3.2 Growing Adoption of Supported Technologies (Like IoT, Machine Learning, Natural Language Processing, Visualization, Fog Computing, Cloudlet Etc.)
                    5.4.3.3 Use Data ‘Wholly’, Reducing Operation Cost and Boost Performance Through Predictive Maintenance Etc.
                    5.4.3.4 Growing Demand of Edge Analytics in Business-To-Business (B2B) as Compared to Consumer Applications
           5.4.4 Challenges
                    5.4.4.1 Restructuring Organization’s Data Strategy in Order to Avoid Siloes Environment
                    5.4.4.2 Reluctance of Companies to Invest in New Technologies
                    5.4.4.3 Infrastructural Constraints

6 Industry Trends (Page No. - 41)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Edge Analytics Standards
           6.3.1 Global System for Mobile Communication Association (GSMA) IoT Security
           6.3.2 Spring Singapore
           6.3.3 International Telecommunication Union
    6.4 Strategic Benchmarking

7 Edge Analytics Market Analysis, By Component (Page No. - 44)
    7.1 Introduction
    7.2 Solutions
    7.3 Services
           7.3.1 Professional Services
                    7.3.1.1 System Integration and Deployment
                    7.3.1.2 Training ,Support, and Maintenance Services
                    7.3.1.3 Consulting Services
           7.3.2 Managed Services

8 Edge Analytics Market Analysis, By Type (Page No. - 50)
    8.1 Introduction
    8.2 Descriptive Analytics
    8.3 Predictive Analytics
    8.4 Prescriptive Analytics
    8.5 Diagnostic Analytics

9 Edge Analytics Market Analysis, By Business Applications (Page No. - 55)
    9.1 Introduction
    9.2 Marketing
    9.3 Sales
    9.4 Operations
    9.5 Finance
    9.6 Human Resources

10 Edge Analytics Market Analysis, By Deployment Model (Page No. - 61)
     10.1 Introduction
     10.2 On-Premises
     10.3 On-Cloud

11 Edge Analytics Market Analysis, By Vertical (Page No. - 64)
     11.1 Introduction
     11.2 Healthcare and Life Sciences
     11.3 Banking, Financial Services, and Insurance
     11.4 Manufacturing
     11.5 Retail and Consumer Goods
     11.6 IT and Telecommunication
     11.7 Transportation and Logistics
     11.8 Media and Entertainment
     11.9 Energy and Utility
     11.10 Government and Defense
     11.11 Travel and Hospitality
     11.12 Others

12 Geographic Analysis (Page No. - 76)
     12.1 Introduction
     12.2 North America
             12.2.1 United States (U.S.)
             12.2.2 Canada
     12.3 Europe
             12.3.1 Germany
             12.3.2 France
             12.3.3 Rest of Europe
     12.4 Asia-Pacific (APAC)
             12.4.1 China
             12.4.2 India
             12.4.3 Japan
             12.4.4 Rest of Asia-Pacific
     12.5 Middle East and Africa (MEA)
             12.5.1 Middle East
             12.5.2 Africa
     12.6 Latin America
             12.6.1 Mexico
             12.6.2 Brazil
             12.6.3 Rest of Latin America

13 Competitive Landscape (Page No. - 101)
     13.1 Overview
     13.2 Competitive Situations and Trends
             13.2.1 Partnerships, Agreements, and Collaborations
             13.2.2 New Product Launches
             13.2.3 Mergers and Acquisitions
             13.2.4 Expansion
             13.2.5 VC Funding

14 Company Profiling (Page No. - 107)
     14.1 Introduction
(Overview, Financials, Products & Services, Strategy, and Developments)*
     14.2 Cisco Systems, Inc.
     14.3 Oracle Corporation
     14.4 SAP SE
     14.5 SAS Institute Inc.
     14.6 Apigee Corporation
     14.7 Predixion Software
     14.8 AGT International Inc.
     14.9 Foghorn Systems
     14.10 CGI Group Inc.
     14.11 Analytic Edge
     14.12 Prism Tech

*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 136)
     15.1 Recent Developments
     15.2 Key Insights
     15.3 Discussion Guide
     15.4 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.5 Available Customization
     15.6 Related Reports


List of Tables (75 Tables)

Table 1 Edge Analytics Market Size and Growth Rate, 2014–2021 (USD Billion, Y-O-Y %)
Table 2 Market Size, By Component, 2014–2021 (USD Billion)
Table 3 Solution: Market Size, By Region, 2014–2021 (USD Million)
Table 4 Edge Analytics Market Size, By Service, 2014–2021 (USD Billion)
Table 5 Professional Services: Market Size, By Region, 2014–2021 (USD Million)
Table 6 Managed Services: Market Size, By Region, 2014–2021 (USD Million)
Table 7 Edge Analytics Market Size, By Type, 2014–2021 (USD Billion)
Table 8 Descriptive Analytics: Market Size, By Region, 2014–2021 (USD Million)
Table 9 Predictive Analytics: Market Size, By Region, 2014–2021 (USD Million)
Table 10 Prescriptive Analytics: Market Size, By Region, 2014–2021 (USD Million)
Table 11 Diagnostic Analytics: Market Size, By Region, 2014–2021 (USD Million)
Table 12 Edge Analytics Market Size, By Business Application, 2014–2021 (USD Billion)
Table 13 Marketing: Market Size, By Region, 2014–2021 (USD Million)
Table 14 Sales: Market Size, By Region, 2014–2021 (USD Million)
Table 15 Operations: Market Size, By Region, 2014–2021 (USD Million)
Table 16 Finance : Market Size, By Region, 2014–2021 (USD Million)
Table 17 Human Resources: Market Size, By Region, 2014–2021 (USD Million)
Table 18 Edge Analytics Market Size, By Deployment Model, 2014–2021 (USD Billion)
Table 19 On-Premises: Market Size, By Region, 2014–2021 (USD Million)
Table 20 On-Cloud: Market Size, By Region, 2014–2021 (USD Million)
Table 21 Edge Analytics Market Size, By Vertical, 2014–2021 (USD Million)
Table 22 Healthcare and Life Sciences: Market Size, By Region, 2014–2021 (USD Million)
Table 23 Banking, Financial Services, and Insurance: Market Size, By Region, 2014–2021 (USD Million)
Table 24 Manufacturing: Edge Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 25 Retail and Consumer Goods: Market Size, By Region, 2014–2021 (USD Million)
Table 26 IT and Telecommunication: Market Size, By Region, 2014–2021 (USD Million)
Table 27 Transportation and Logistics: Market Size, By Region, 2014–2021 (USD Million)
Table 28 Media and Entertainment: Market Size, By Region, 2014–2021 (USD Million)
Table 29 Energy and Utility: Market Size, By Region, 2014–2021 (USD Million)
Table 30 Government and Defense: Market Size, By Region, 2014–2021 (USD Million)
Table 31 Travel and Hospitality: Market Size, By Region, 2014–2021 (USD Million)
Table 32 Others: Market Size, By Region, 2014–2021 (USD Million)
Table 33 Edge Analytics Market Size, By Region, 2014-2021 (USD Million)
Table 34 North America: Market Size, By Country, 2014-2021 (USD Billion)
Table 35 North America: Market Size, By Component, 2014-2021 (USD Billion)
Table 36 North America: Market Size, By Service, 2014-2021 (USD Million)
Table 37 North America: Market Size, By Type, 2014-2021 (USD Million)
Table 38 North America: Market Size, By Business Application, 2014-2021 (USD Million)
Table 39 North America: Market Size, By Deployment Model, 2014-2021 (USD Billion)
Table 40 North America: Market Size, By Vertical, 2014-2021 (USD Million)
Table 41 Europe: Edge Analytics Market Size, By Country, 2014-2021 (USD Million)
Table 42 Europe: Market Size, By Component, 2014-2021 (USD Billion)
Table 43 Europe: Market Size, By Service, 2014-2021 (USD Million)
Table 44 Europe: Market Size, By Type, 2014-2021 (USD Million)
Table 45 Europe: Market Size, By Business Application, 2014-2021 (USD Million)
Table 46 Europe: Market Size, By Deployment Model, 2014-2021 (USD Billion)
Table 47 Europe: Market Size, By Vertical, 2014-2021 (USD Million)
Table 48 APAC: Market Size, By Country, 2014-2021 (USD Million)
Table 49 APAC: Market Size, By Component, 2014-2021 (USD Million)
Table 50 APAC: Market Size, By Services, 2014-2021 (USD Million)
Table 51 APAC: Market Size, By Type, 2014-2021 (USD Million)
Table 52 APAC: Market Size, By Business Application, 2014-2021 (USD Million)
Table 53 APAC: Market Size, By Deployment Model, 2014-2021 (USD Million)
Table 54 APAC: Market Size, By Vertical, 2014-2021 (USD Million)
Table 55 Middle East and Africa: Edge Analytics Market Size, By Country, 2014-2021 (USD Billion)
Table 56 Middle East and Africa : Market Size, By Component, 2014-2021 (USD Million)
Table 57 Middle East and Africa: Market Size, By Services, 2014-2021 (USD Million)
Table 58 Middle East and Africa: Market Size, By Type, 2014-2021 (USD Million)
Table 59 Middle East and Africa: Market Size, By Business Application, 2014-2021 (USD Million)
Table 60 Middle East and Africa : Market Size, By Deployment Model, 2014-2021 (USD Million)
Table 61 Middle East and Africa: Market Size, By Vertical, 2014-2021 (USD Million)
Table 62 Latin America: Edge Analytics Market Size, By Country, 2014-2021 (USD Billion)
Table 63 Latin America: Market Size, By Component, 2014-2021 (USD Million)
Table 64 Latin America: Market Size, By Service, 2014-2021 (USD Million)
Table 65 Latin America: Market Size, By Type, 2014-2021 (USD Million)
Table 66 Latin America: Market Size, By Business Application, 2014-2021 (USD Million)
Table 67 Latin America: Market Size, By Deployment Model, 2014-2021 (USD Million)
Table 68 Latin America: Market Size, By Vertical, 2014-2021 (USD Million)
Table 69 Partnerships, Agreements, and Collaborations, 2013 – 2016
Table 70 New Product Launches, 2013–2016
Table 71 Mergers and Acquisitions, 2013–2016
Table 72 Mergers and Acquisitions, 2013–2016
Table 73 VC Funding, 2014–2016
Table 74 Partnerships, Collaborations, and Agreements , 2014 – 2015
Table 75 New Product Launches and Product Upgradation, 2014 & 2015


List of Figures (46 Figures)

Figure 1 Edge Analytics Market: Market Segmentation
Figure 2 Edge Analytics Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Edge Analytics Market: Assumptions
Figure 8 Top Three Largest Revenue Segments of Edge Analytics Market, 2016–2021
Figure 9 North America is Estimated to Hold the Largest Market Share in Edge Analytics Market
Figure 10 Growth Trends in the Edge Analytics Market (2016–2021)
Figure 11 Geographic Lifecycle Analysis (2016): Asia-Pacific is Increasing at the Highest Growth Rate
Figure 12 Market Investment Scenario: Asia-Pacific is the Best Market to Invest in the Next Five Years
Figure 13 Healthcare and Life Sciences is Estimated to Have the Largest Market
Figure 14 Edge Analytics Market: Component
Figure 15 Market Analysis: By Business Application
Figure 16 Market Analysis: By Type
Figure 17 Market By Deployment Model
Figure 18 Market By Vertical
Figure 19 Market By Region
Figure 20 Market Evolution
Figure 21 Edge Analytics: Drivers, Restraints, Opportunities, and Challenges
Figure 22 Market Value Chain Analysis
Figure 23 Market Strategic Benchmarking
Figure 24 Solutions Component is Expected to Have the Largest Market Size
Figure 25 Descriptive Analytics Type is Estimated to Have the Largest Market Size
Figure 26 Finance Business Application is Estimated to Have the Largest Market Size
Figure 27 On-Premises Deployment Model is Estimated to Have the Largest Market Size
Figure 28 Healthcare and Life Sciences Vertical is Estimated to Have the Largest Market Size
Figure 29 North America is Expected to Have the Largest Market Size in Edge Analytics Market
Figure 30 North America Market Snapshot
Figure 31 Asia-Pacific Market Snapshot
Figure 32 Companies Adopted Partnership, Agreement, and Collaboration as the Key Growth Strategy From 2013-2016
Figure 33 Market Evaluation Framework
Figure 34 Battle for Market Share: Partnership, Collaboration, and Agreement Was the Key Strategy in the Edge Analytics Market
Figure 35 Geographic Revenue Mix of Top Five Market Players
Figure 36 Cisco Systems, Inc.: Company Snapshot
Figure 37 Cisco System, Inc.: SWOT Analysis
Figure 38 Oracle Corporation: Company Snapshot
Figure 39 Oracle Corporation : SWOT Analysis
Figure 40 SAP SE: Company Snapshot
Figure 41 SAP SE: SWOT Analysis
Figure 42 SAS Institute Inc.: Company Snapshot
Figure 43 SAS Corporation: SWOT Analysis
Figure 44 Apigee Corporation: Company Snapshot
Figure 45 Apigee Corporation : SWOT Analysis
Figure 46 CGI Group Inc.: Company Snapshot

The edge analytics market is estimated to grow from USD 1.94 Billion in 2016 to USD 7.96 Billion by 2021, at a high Compound Annual Growth Rate (CAGR) of 32.6% during the forecast period. Edge Analytics solutions and its applications are gaining traction among the corporates due to the advent of Internet of Things (IoT) & proliferation of massive amount of data through connected devices, predictive and real-time intelligence on network devices which acts as a catalyst to the growth of edge analytics, and adoption of edge analytics which increases scalability and cost optimization, are some of the driving forces of edge analytical tools and technology.

The report provides detailed insights into the global edge analytics market, which is segmented by component, analytics type, business application, deployment model, vertical, and region. In component, solutions segment holds higher market share and is gaining significant importance among corporates, as enterprises are deploying edge analytics solution on the edge of the network devices to get real-time analysis of the data generated and provides predictive, prescriptive, as well as diagnostic analysis to the data. Predictive analytics type is expected to grow at the highest CAGR over the forecasted period. Predictive analytics would be a game changer in the business environment in the near future, predicting the outcomes before the occurrence of actual events.

In terms of business applications, finance is to dominate the edge analytics market and expected to contribute the largest market share, whereas human resource is to grow at the highest rate during the forecast period. On-premise deployment model has been adopted more as compared to private and public cloud. The on-premise deployment model provides confidentiality and privacy parameters to the organizational data, hence, most of the organizations are adopting for on-premises deployment model. The healthcare & life sciences segment has shown highest market share in vertical segment as the sector is harnessing the power of analytics and converting raw clinical and financial data into actionable knowledge. Whereas, IT and Telecommunication industry is poised to grow at the highest rate during the forecast period owing to proliferation of IoT which will have a direct impact on the deployment of edge analytical devices as data generated would be sky rocketing.

Edge Analytics Market

The report covers all the major aspects of the edge analytics market and provides an in-depth analysis across the regions of North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and Latin America. The market in North America is expected to hold the largest share of the market. The APAC region is projected to have great opportunities in this market and would grow at the highest CAGR by 2021. This is due to the massive growth of data through IoT and other connected device.

Issues pertaining to safety and security and lack of universally accepted standards are acting as the restraining factors for the edge analytics market. Restructuring organization’s data strategy in order to avoid siloes environment and reluctance of companies to invest in new technologies are some of the stumbling blocks in the adoption of edge analytical solutions.

Most of the vendors have adopted agreements, collaborations, and partnerships as key strategy to enhance its client base and customer experience. For instance, in July, 2014 SAP announced strategic partnership with Apigee, a leading platform for digital acceleration. New product development has also been adopted by top players to innovate in this market space. For example, In April 2016, SAS launched SAS Analytics for IoT that helps analyse enormous data generated from IoT sensors and devices.

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