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 t...