Edge Analytics Market Analysis By Global Industry Size, Share, Trends, Opportunity and Forecast 2024

The edge analytics market size is estimated to reach USD 8 Billion by 2024, growing at 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) & increase of massive amount of data through connected devices, predictive and real-time intelligence on network devices which acts as a catalyst to the growth and adoption of edge analytics which increases scalability and cost optimization. The global edge analytics market, which is segmented by Component, Type, Application, Deployment Model, End-User Industry 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. In terms of applications, finance is to dominate the edge analytics market and expected to contribute the largest market share. Geographically, North America is leading the market for Edge Analytics and Asia-Pacific is the fastest growing market. Some of the major players of the market include, ABB, General Electric, Eaton, Siemens, Schneider Electric, among others.

Years considered for this report:

Historical Year : 2014 - 2017

Base Year : 2018

Estimated : 2019

Forecast : 2020 - 2024

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Objective of the Study:

  • To analyse and forecast the market size of Edge Analytics, in terms of value and volume.
  • To classify and forecast global Edge Analytics based on component, application, type, deployment model, end-user industry and regional distribution.
  • To identify drivers and challenges for Global Edge Analytics.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Edge Analytics.
  • To conduct the pricing analysis for Edge Analytics.
  • To identify and analyse the profile of leading players involved in the of Global Edge Analytics system.


Some of the leading players in the Global Edge Analytics market are ABB, General Electric, Eaton, Siemens, Schneider Electric, etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across the globe.

TechSci Research calculated the market size of Global Edge Analytics Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

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

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Global Edge Analytics market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, by Component:
    • Solution
    • Services
  • Market, by Type:
    • Descriptive Analytics 
    • Predictive Analytics
    • Prescriptive Analytics
    • Diagnostic Analytics
  • Market, by Business Application:
    • Marketing
    • Sales
    • Operations
    • Finance
    • Human Resources
  • Market, by Deployment Model:
    • On-Premises
    • On-Cloud
  • Market, by End-user Industry:
    • 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
  • Market, by Region:
    • Asia Pacific
      • China
      • India 
      • Japan
      • South Korea
      • Australia
      • Singapore
      • Malaysia
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East and Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Qatar

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Edge Analytics.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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