Edge Analytics Market Size, Growth, Trends, Opportunities and Forecast to 2027

Edge Analytics Market was valued at USD 4.90 Billion in 2019 and is projected to reach USD 46.91 Billion by 2027, growing at a CAGR of 35.23% from 2020 to 2027.

Edge analytics is defined as a process of collection, processing, and analysis of data at the edge of a network either at or close to a sensor, a network switch or some other connected device. The increasing acceptance of connected devices along with the development of the Internet of Things (IoT) has stimulated the generation of large amounts of data at the edge of the network in many industries such as retail, transportation, energy, and manufacturing, It can be either descriptive or predictive analytics.

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The Edge Analytics Market Report provides future growth drivers and the competitive landscape. This will be beneficial for buyers of the market report to gain a clear view of the important growth and subsequent market strategy. The granular information in the market will help monitor future profitability and make important decisions for growth.

Some of the key players in the Edge Analytics Market are:

Cisco Systems, Inc., Dell Inc., Equinix, Inc., Greenwave Systems, HP Inc., IBM Corporation, Iguazio, Intel Corporation, Microsoft Corporation, and Oracle Corporation.

Nowadays, the increasing demand for the Internet of Things (IoT), and production of a massive amount of data through associated devices, and the enlarged acceptance of edge analytics due to its scalability and cost optimizations have been driving the global Edge Analytics Market.