Edge analytics market set to reach $81.97 billion by 2032, driven by IoT expansion and AI integration.

From Globe Newswire: 2025-01-13 09:00:00

The Edge Analytics Market was valued at USD 10.91 Billion in 2023, projected to reach USD 81.57 Billion by 2032, growing at a CAGR of 25.10%. The market is driven by IoT expansion, AI integration for real-time data processing, and improvements in 5G connectivity.

With the increasing amount of data in various domains, efficient data processing at scale is crucial. The convergence of edges and clouds offers flexibility, efficiency, and data security. Advancements in AI and ML at the edges allow for real predictive decision-making, fostering innovation in businesses.

Major players in the Edge Analytics Market include Amazon Web Service, Cisco, Dell, IBM, Microsoft, Oracle, SAP, and more. The market scope includes key growth drivers like advancements in edge computing and AI, rising demand for low latency, and adoption of edge analytics in critical industries.

In 2023, the Solution segment dominated the market, accounting for 71% of the total share, driven by the demand for real-time data processing platforms. The Service segment is expected to grow at the fastest CAGR of 26.71% from 2024 to 2032, fueled by the need for customized support and maintenance services.

Descriptive Analytics led the market in 2023, providing insights into past performance. However, Prescriptive Analytics is expected to grow at the fastest rate of 27.88% from 2024 to 2032, offering actionable insights for optimal decision-making based on real-time data.

North America currently leads the Edge Analytics Market with a 36% share, driven by advanced technological infrastructure and IoT adoption. Meanwhile, Asia Pacific exhibits the fastest growth potential, highlighting the region’s increasing investments in edge computing and AI. The Edge Analytics Market is experiencing significant growth, with industries like healthcare and automotive benefiting from improved efficiency and real-time decision-making. The Asia Pacific region is expected to lead this growth, with a CAGR of 27.20% from 2024 to 2032, driven by industrialization and IoT device growth in countries like China and India.

Recent developments include Belden integrating CloudRail software with AWS IoT SiteWise Edge, and American Tower partnering with IBM to deliver edge cloud services. The market report includes key points like market dynamics, segmentation by industry and application, and company profiles.

SNS Insider offers consulting services like Go To Market Assessment and Competitive Benchmarking in the market research industry. They aim to provide clients with accurate market data and insights to make informed decisions in a changing business environment.



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