Edge Analytics Market to See Robust Double-Digit Growth through 2021, Informs MarketsandMarkets in Its New Report Available at MarketPublishers.com
01 Nov 2016 • by Natalie Aster
LONDON – In the current year, the value of the world’s market for edge analytics stands at around USD 1.94 billion. Driven by increased adoption, proliferation of massive amount of data through connected devices and advent of IoT, this market is predicted to see a CAGR of over 32% between 2016 and 2021, and by 2021 is anticipated to climb to USD 7.96 billion. But, some factors, for instance, lack of universally accepted standards and also enhancing awareness of security and safety, could restrain growth in the edge analytics market.
Asia-Pacific is likely to be the fastest growing regional market for edge analytics through 2021. There is an enormous demand for edge analytics technologies deployment in this region. Governments in the Asia-Pacific region try to push the IoT sector and cloud technologies expansion, thus, also giving impetus to the edge analytics market growth. Companies active in the regional market are likely to benefit from flexible government policies and increasing digital market.
New MarketsandMarkets topical report “Edge Analytics Market by Component, Analytics Type, Business Application, Deployment, Vertical, and Region - Global Forecast to 2021” gives detailed insights into the global edge analytics market landscape. This report contains valuable data on the key market growth drivers and limiters, sheds light on the top current and emerging market trends and also reviews the current situation across the major regional markets. The research study identifies the key lucrative opportunities and points out promising growth segments, explores the competitive landscape and touches upon regulative framework. Additionally, future forecasts up to 2021 are presented in this study.
For other new in-demand research reports by this publisher are provided in the MarketsandMarkets catalogue.