Market Forecast By Component (Solutions And Services), By Vertical (Energy & Utility, Oil & Gas, Manufacturing, Mining & Metal, Transportation, Pharmaceutical And Others), By Deployment Mode (Cloud And On-Premise) And By Regions (North America, Europe, Asia Pacific, Latin America, Middle East And Africa) And Competitive Landscape
Product Code: ETC037283 | Publication Date: Dec 2020 | Updated Date: Mar 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Edge Analytics Market |
Forecast Period | 2025-2031 |
Market Size | USD 96.52 billion by 2031 |
CAGR | 26.32% |
Growing Sector | Manufacturing |
The Edge Analytics Market report thoroughly covers the market by Component, Verticals, Deployment Mode, and key regions. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high-growth areas, and market drivers to help stakeholders align their strategies with current and future market dynamics.
The market for edge analytics is anticipated to expand dramatically over the next years. The market is anticipated to increase at a strong CAGR of 26.32% from its estimated value of approximately USD 27.8 billion in 2025 to USD 96.52 billion by 2031. The growing use of IoT devices, developments in edge computing and AI, and the growing need for real-time data processing in sectors like manufacturing, healthcare, and smart cities are the main drivers of this expansion.
The necessity for real-time data processing, the expanding use of IoT devices, and AI developments are driving the global edge analytics market's rapid growth. Companies in a variety of sectors, including manufacturing, healthcare, and smart cities, are using edge analytics to boost productivity and expedite decision-making. Innovation is fueled by major trends including 5G expansion, AI integration, and the move to on-site data analysis, while resource limitations and security issues encourage the creation of effective and safe solutions.
According to 6Wresearch, the Edge Analytics Market is anticipated to grow at a CAGR of 26.32% during the forecast period 2025-2031. Many important factors are driving the Edge Analytics Market growth, such as the growing demand for real-time data processing to boost operational efficiency and the extensive use of IoT devices. Machine learning and artificial intelligence developments are revolutionizing edge analytics by facilitating more intelligent decision-making and predictive insights at the data source. Smart cities, healthcare, and manufacturing are just a few of the industries using these capabilities to improve user experiences, lower latency, and optimize operations. 5G network deployment is also crucial since it provides faster and more dependable data transfer, which improves edge data analysis capabilities.
Regardless, the market has significant obstacles that can prevent it from expanding. Since edge devices handle private information in decentralized settings, they are particularly vulnerable to security and privacy breaches. Because typical analytics demand a large amount of processing power and storage, limited computing resources at the edge also present challenges. Additionally, businesses may be discouraged from using edge analytics solutions more widely due to the difficulty of integrating them into current systems.
Among the noteworthy trends propelling the worldwide business intelligence (BI) platforms market is the emergence of self-service BI solutions, which enable users to do independent data analysis. While the integration of AI and machine learning is improving advanced analytics, data visualization is still essential for making insights easier to understand. Cloud-based solutions are becoming more and more popular because of their scalability and cost-effectiveness, as well as the growing importance of mobile BI for access while on the road. Predictive analytics is also becoming more popular as companies look to forecast results and improve their tactics.
The growth and evolution of the Edge Analytics Market are being driven by important trends. Real-time predicted insights and more intelligent decision-making are made possible by the edge integration of AI and machine learning. 5G network deployments are transforming data transfer and improving edge computing's speed and dependability. Edge analytics is being used by sectors like manufacturing, healthcare, and smart cities to increase operational effectiveness and obtain real-time data-driven insights. These developments highlight the rising need for cutting-edge technologies that can handle data closer to its source, revolutionizing how companies function and provide value.
Leading players in the Edge Analytics Market include cutting-edge firms like Cisco, Microsoft, and IBM that are propelling developments in real-time data analytics and edge computing. Microsoft's Azure platform facilitates the smooth integration of edge analytics into cloud environments, while IBM uses its AI capabilities to provide intelligent edge solutions. Cisco prioritizes network-centric edge analytics in order to increase security and efficiency. These businesses, among others, play a key role in giving sectors like manufacturing, healthcare, and smart cities the resources they need to capture data insights, streamline processes, and facilitate more intelligent edge decision-making.
Government rules that promote safe and moral data practices are vital in forming the global edge analytics market. Stringent compliance to cybersecurity and data privacy standards is required by laws such as GDPR and regional data protection regimes, which forces businesses to create compliant solutions. Regulations have an impact on industry-specific applications as well; for example, the industrial, healthcare, and financial sectors must adhere to certain compliance standards. These frameworks promote innovation and the broader industry adoption of analytics technologies by encouraging the creation of edge analytics solutions that are safe, transparent, and dependable. This ensures confidence in data processing.
The future of Edge Analytics industry is filled with potential due to factors such as deeper AI integration, the rising popularity of IoT devices, and the continuous development of 5G networks. It is anticipated that these developments would enable more effective and scalable solutions while also revolutionizing real-time decision-making skills. These technologies are positioned to be used by sectors including healthcare, manufacturing, and smart cities to improve automation, streamline processes, and open up new use cases. Innovation is emphasized by this changing environment, which is pushing the limits of data processing and use closer to the source.
The report offers a comprehensive study of the following market segments and their leading categories
According to Ashutosh, Senior Research Analyst at 6Wresearch, The Edge Analytics Market is divided into two segments services and solutions. Solutions are anticipated to take center stage because of the increasing need for sophisticated analytics software that can handle real-time data at the edge. Solutions is a major player in this market as a result of businesses prioritizing scalable and reliable analytical tools due to the growing integration of IoT devices.
Manufacturing industry is anticipated to dominate in verticals because automation, predictive maintenance, and real-time process optimization are necessary to improve operational efficiency and reduce costs.
The market is divided into two segments on-premise deployment and cloud. Cloud deployment is anticipated to take the lead because of its scalability, flexibility, and simplicity of integration with other cloud services. Organizations from a variety of industries are finding cloud adoption more appealing as a result of the increased emphasis on hybrid solutions.
North America is anticipated to lead the market regionally due to its early acceptance of cutting-edge technologies, strong infrastructure, and large expenditures in AI and IoT. While Asia Pacific is expected to rise quickly because of rapid industrialization, smart city initiatives, and the growing use of edge solutions in emerging economies,
The Edge Analytics Market report provides a detailed analysis of the following market segments
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Global Edge Analytics Market Overview |
3.1. Global Edge Analytics Market Revenues, 2021-2031F |
3.2. Global Edge Analytics Market Revenue Share, By Component, 2021 & 2031F |
3.3. Global Edge Analytics Market Revenue Share, By Verticals, 2021 & 2031F |
3.4. Global Edge Analytics Market Revenue Share, By Deployment Mode, 2021 & 2031F |
3.5. Global Edge Analytics Market Revenue Share, By Regions, 2021 & 2031F |
3.6. Global Edge Analytics Market Industry Life Cycle |
3.7. Global Edge Analytics Market- Porter’s Five Forces |
4. Global Edge Analytics Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Global Edge Analytics Market Trends |
6. Global Edge Analytics Market Overview, By Component |
6.1. Global Edge Analytics Market Revenues, By Solutions, 2021-2031F |
6.2. Global Edge Analytics Market Revenues, By Services, 2021-2031F |
7. Global Edge Analytics Market Overview, By Verticals |
7.1. Global Edge Analytics Market Revenues, By Energy & Utility, 2021-2031F |
7.2. Global Edge Analytics Market Revenues, By Oil & Gas, 2021-2031F |
7.3. Global Edge Analytics Market Revenues, By Mining & Metal, 2021-2031F |
7.4. Global Edge Analytics Market Revenues, By Manufacturing, 2021-2031F |
7.5. Global Edge Analytics Market Revenues, By Transportation, 2021-2031F |
7.6. Global Edge Analytics Market Revenues, By Pharmaceutical, 2021-2031F |
7.7. Global Edge Analytics Market Revenues, By Others, 2021-2031F |
8. Global Edge Analytics Market Overview, By Deployment Mode |
8.1. Global Edge Analytics Market Revenues, By Cloud, 2021-2031F |
8.2. Global Edge Analytics Market Revenues, By On-premise, 2021-2031F |
9. Asia Pacific Edge Analytics Market Overview |
9.1. Asia Pacific Edge Analytics Market Revenues, 2021-2031F |
9.2. Asia Pacific Edge Analytics Market Revenue Share, By Component, 2021 & 2031F |
9.3. Asia Pacific Edge Analytics Market Revenue Share, By Verticals, 2021 & 2031F |
9.4. Asia Pacific Edge Analytics Market Revenue Share, By Deployment Mode, 2021 & 2031F |
9.5. Asia Pacific Edge Analytics Market Revenue Share, By Countries, 2021 & 2031F |
10. North America Edge Analytics Market Overview |
10.1. North America Edge Analytics Market Revenues, 2021-2031F |
10.2. North America Edge Analytics Market Revenue Share, By Component, 2021 & 2031F |
10.3. North America Edge Analytics Market Revenue Share, By Verticals, 2021 & 2031F |
10.4. North America Edge Analytics Market Revenue Share, By Deployment Mode, 2021 & 2031F |
10.5. North America Edge Analytics Market Revenue Share, By Countries, 2021 & 2031F |
11. Latin America Edge Analytics Market Overview |
11.1. Latin America Edge Analytics Market Revenues, 2021-2031F |
11.2. Latin America Edge Analytics Market Revenue Share, By Component, 2021 & 2031F |
11.3. Latin America Edge Analytics Market Revenue Share, By Verticals, 2021 & 2031F |
11.4. Latin America Edge Analytics Market Revenue Share, By Deployment Mode, 2021 & 2031F |
11.5. Latin America Edge Analytics Market Revenue Share, By Countries, 2021 & 2031F |
12. Europe Edge Analytics Market Overview |
12.1. Europe Edge Analytics Market Revenues, 2021-2031F |
12.2. Europe Edge Analytics Market Revenue Share, By Component, 2021 & 2031F |
12.3. Europe Edge Analytics Market Revenue Share, By Verticals, 2021 & 2031F |
12.4. Europe Edge Analytics Market Revenue Share, By Deployment Mode, 2021 & 2031F |
12.5. Europe Edge Analytics Market Revenue Share, By Countries, 2021 & 2031F |
13. Middle East Edge Analytics Market Overview |
13.1. Middle East Edge Analytics Market Revenues, 2021-2031F |
13.2. Middle East Edge Analytics Market Revenue Share, By Component, 2021 & 2031F |
13.3. Middle East Edge Analytics Market Revenue Share, By Verticals, 2021 & 2031F |
13.4. Middle East Edge Analytics Market Revenue Share, By Deployment Mode, 2021 & 2031F |
13.5. Middle East Edge Analytics Market Revenue Share, By Countries, 2021 & 2031F |
14. Africa Edge Analytics Market Overview |
14.1. Africa Edge Analytics Market Revenues, 2021-2031F |
14.2. Africa Edge Analytics Market Revenue Share, By Component, 2021 & 2031F |
14.3. Africa Edge Analytics Market Revenue Share, By Verticals, 2021 & 2031F |
14.4. Africa Edge Analytics Market Revenue Share, By Deployment Mode, 2021 & 2031F |
14.5. Africa Edge Analytics Market Revenue Share, By Countries, 2021 & 2031F |
15. Edge Analytics Market Competitive Landscape |
15.1. Edge Analytics Market, By Companies, 2024 |
15.2. Asia Pacific Edge Analytics Market, By Companies, 2024 |
15.3. North America Edge Analytics Market, By Companies, 2024 |
15.4. Latin America Edge Analytics Market, By Companies, 2024 |
15.5. Europe Edge Analytics Market, By Companies, 2024 |
15.7. Middle East Edge Analytics Market, By Companies, 2024 |
15.8. Africa Edge Analytics Market, By Companies, 2024 |
16. Company Profiles |
17. Key Strategic Recommendations |