Edge Analytics Market to Hit $39.54 Billion by 2030: Grand View Research, Inc.
Thursday, November 24, 2022
SAN FRANCISCO, Nov. 16, 2022 /PRNewswire/ -- The global edge analytics market size is expected to reach USD 39.54 billion by 2030, registering a CAGR of 23.57% from 2022 to 2030, according to a new study by Grand View Research, Inc. Many industrial organizations use the Internet of Things (IoT) to monitor manufacturing machinery, pipelines, and equipment. The IoT generates and stores data that might be challenging to manage and interpret in real-time. The data from IoT devices is delivered into edge analytics to be processed and understood. Analytics algorithms assist humans in determining which data is required and which is unnecessary.
https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg
Key Industry Insights & Findings from the report:
-- Predictive analytics has been a major force behind analytics, and it is
presently being implemented at the network's edges to deliver analytics
at the edge, allowing it to achieve a CAGR of 24.0% from 2022 to 2030.
-- As per the deployment model cloud gain a significant share and lead the
market by acquiring around 44.0% market share in 2021.
-- During the forecast period, the IT and telecommunications industry is
predicted to have the greatest growth rate in the edge analytics market.
The telecommunications business is rapidly introducing cutting-edge
analytical solutions.
-- North America is projected to attain a market share of around 29.0% in
2030, this is due to the technological investment and advancement from
the key manufacturers of the region.
Read 150 page market research report, "Edge Analytics Market Size, Share & Trends Analysis Report By Type, By Component (Solution, Service), By Deployment Model (On-Premises, On-Cloud), By Application, By End-use, By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.
Edge Analytics Market Growth & Trends
The proliferation of vast amounts of data with the aid of connected devices is driving market expansion, real-time intelligence acting as a catalyst for the growth of edge analytics on network devices, and adopting edge analytics enhancing scalability and cost optimization. Analytical computing is performed at the device's edge rather than waiting for data to be retrieved back at a centralized storage system and then imply analytical application. Furthermore, the manufacturing industry can make substantial use of edge analytics for operations. For example, in smart production lines, edge analytics can highlight manufacturing errors, packing, and so on in real-time.
North America is anticipated to attain a larger market share in the edge analytics market, predictive analytics has gained immense importance and will increase the adoption of edge analytics solutions with a higher concentration of industrial and telecommunication industries. Owing to the rise in connection of IoT devices, the regional market has witnessed a surge in the adoption rate of edge analytics solutions across all verticals. Additionally, edge analytics can be implemented to keep better track of the health of equipment, output rate, and empower the manufacturing plant to deal with any last-minute problems in production.
Edge Analytics provides the same capability as a traditional analytics tool, except where the analytics are conducted. The key distinction is that edge analytics programmers must run on edge devices that may be limited in storage, computing power, or connection. Digitization has been the driving force behind the most recent revolutions. Companies have long struggled with how to extract relevant insights from the millions of nodes of data created each day by IoT-connected devices. The amount of linked gadgets, from a smartwatch to a smart speaker, is increasing the volume of data to be mined. Many new technologies, like as AI and Big Data, have become indispensable for gathering insights.
North America will gain a larger market share in the edge analytics market due to an increase in the need for predictive analytics, which will increase the adoption of edge analytics solutions with a higher concentration of industrial and telecommunications industries. With the rise of IoT, there has been a surge in interest in edge analytics. For many firms, streaming data from different IoT sources produces a massive data repository that is challenging to manage.
Edge Analytics Market Segmentation
Grand View Research has segmented the global edge analytics market based on type, component, deployment model, application, end-use, and region:
Edge Analytics Market - Type Outlook (Revenue, USD Million, 2018 - 2030)
-- Descriptive Analytics
-- Diagnostic Analytics
-- Predictive Analytics
-- Prescriptive Analytics
Edge Analytics Market - Component Outlook (Revenue, USD Million, 2018 - 2030)
-- Solution
-- Service
Edge Analytics Market - Deployment Model Outlook (Revenue, USD Million, 2018 - 2030)
-- On-premises
-- On-cloud
Edge Analytics Market - Application Outlook (Revenue, USD Million, 2018 - 2030)
-- Marketing & Sales
-- Operations
-- Finance
-- Human Resources
-- Others (Remote Monitoring, Smart Grid, Hospitality, etc.)
Edge Analytics Market - End-Use Outlook (Revenue, USD Million, 2018 - 2030)
-- IT & Telecom
-- BFSI
-- Manufacturing
-- Healthcare
-- Retail
-- Transportation & Logistics
-- Government
-- Energy & Utilities
-- Others (Agriculture, Media & Entertainment, etc.)
Edge Analytics Market - Regional Outlook (Revenue, USD Million, 2018 - 2030)
-- North America
-- U.S.
-- Canada
-- Europe
-- U.K.
-- Germany
-- Asia Pacific
-- China
-- India
-- Japan
-- Latin America
-- Brazil
-- Mexico
-- Middle East and Africa
List of Key Players in the Edge Analytics Market
-- Amazon Web Services Inc.
-- Cisco Systems Inc.
-- Databricks
-- Dell Statistica
-- EdgeConneX Inc.
-- Evolv Component
-- Hewlett Packard Enterprise Development LP
-- IBM Corporation
-- Intel Corporation
-- Microsoft
-- Oracle Corporation
-- PTC
-- SAP HANA
Check out more related studies published by Grand View Research:
-- Edge Computing Market - The global edge computing market size is
anticipated to reach USD 155.90 billion by 2030, exhibiting a CAGR of
above 38.9% during the forecast period, according to a new report by
Grand View Research, Inc. Artificial Intelligence (AI) integration into
the edge environment is projected to drive the market growth. An edge AI
system is estimated to help businesses in making real-time decisions in
milliseconds. The need to minimize privacy concerns associated with
transmitting huge amounts of data, as well as latency and bandwidth
issues that limit an organization's data transmission capabilities, is
projected to fuel market growth in coming years.
-- Edge Artificial Intelligence Chips Market - The global edge artificial
intelligence chips market size is expected to reach USD 9.5 billion by
2027, according to a new report by Grand View Research, Inc. The market
is anticipated to register a CAGR of 21.3% from 2020 to 2027.
Semiconductor companies are experiencing high demand for their existing
chips with hardware serving as a differentiator in AI. Also, these
companies are developing workload-specific (training and inference) AI
accelerators. For instance, Apple has implemented a neural engine in its
A11 Bionic chip's processor to speed-up the third-party applications.
The market is growing rapidly with the rising implementations of
edge-based AI in smartphones and autonomous vehicles.
-- Multi-access Edge Computing Market - The global multi-access edge
computing market size is anticipated to reach USD 55,409.7 million by
2030, expanding at a CAGR of 47.2% during the forecast period, according
to a new report by Grand View Research, Inc. The increasing adoption of
Over-the-Top (OTT) media streaming services and rising demand for
personalized content are estimated to drive market growth. The rising
number of users opting for the OTT video delivery model is projected to
encourage mobile networks and telecom companies to improve their
existing infrastructure. The multi-access edge computing (MEC)
architecture brings backend functions closer to the user network, which
is anticipated to help Multichannel Video Programming Distributors
(MVPD) meet consumer expectations.
Browse through Grand View Research's Next Generation Technologies Industry Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Grand View Compass | Astra ESG Solutions
Follow Us: LinkedIn | Twitter
Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/edge-analytics-market-to-hit-39-54-billion-by-2030-grand-view-research-inc-301679952.html
SOURCE Grand View Research, Inc.
|
|
|
|
|
 |
Energy Toolbase Launches Energy Storage Partnership with Sungrow to Support PowerStack 255CS and PowerTitan 2.0 | Jan 22, 2026
|
|
Einride and IonQ Partnership Uses Quantum Computing to Optimize the Logistics of Electric and Autonomous Freight | Jan 22, 2026
|
|
RS now offers Phoenix Contact's pioneering new NearFi technology | Jan 22, 2026
|
|
SCAILIUM Debuts "AI Production Layer" to Overcome GPU Starvation and Slash AI Energy Waste | Jan 22, 2026
|
|
MetaOptics to Showcase Five Breakthrough Metalens-Powered Products at CES 2026 | Jan 22, 2026
|
|
No Assembly Required: Barrett Distribution Centers Powers Maxwood Furniture's West Coast DTC Expansion | Jan 22, 2026
|
|
Quantum Art Raises $100 Million in Series A Round to Drive Scalable, Multi-Core Quantum Computing | Jan 22, 2026
|
|
TESSAN to Redefine Global Mobility at CES 2026 with '100 Travelers' Initiative and Flagship Voyager 205 | Jan 22, 2026
|
|
Hesai Recognized as the Only Lidar Company on Morgan Stanley's "Humanoid Tech 25" of Global Robotics Leaders | Jan 22, 2026
|
|
1inch Named Exclusive Swap Provider at Launch for Ledger Multisig | Jan 22, 2026
|
|
|
