The edge analytics concept is currently a new approach for many industries. Owing to advantages such as reduction of latency, faster data processing amongst others have not only aided the edge analytics market to grow in recent past but is expected to continue the same trend over the forecast period. The traditional architectures comprised mainly of sending data collected through devices to the cloud and then analyzing it at the storage level. Hence, the time spent on analysis was large and there was a delay in decision making. But in case of edge analytics, the data is processed near the source and subsequently the entire chunk is not sent to the cloud. Hence, the companies implementing the platform can derive the insights in real time and effective actions can be taken at that moment itself. Companies such as Cisco, Intel and others were early proponents of edge analytics by positioning their gateways as edge devices. Traditionally, these gateways performed traffic aggregation and routing but in case of edge analytics model, they don’t just route but also store data and perform computation on it. As edge analytics is currently enabling users to collect, preprocess and analyze high-frequency data at the source, where it is generated, the technology is currently attracting companies to leverage this platform.
The Edge Gateway 5000 Series by Dell, is designed to aggregate, secure and relay data from diverse sensors and equipment, installed at network gateways. It allows easy collection, relay and action on IoT derived data at the edge of the network for building and industrial automation. The edge analytics software solution by IBM Watson is helping manufacturing plants, chemical plants, power generation and refineries to run their operations, 24/7 and derive real-time decisions on site.
“Digital 500. Isn’t it? Edge analytics enables the business organizations to conquer the power, speed and flexibility to move at a same speed as the edge analytics market velocity enabling to build a fully digital future. Thus, the data entry processes can be agile without any inherent disruptions. Also, it will allow the companies to send data over the cloud and also to a centralized server or data lake”
Global Edge Analytics Market Share, By Region (2018)
The detailed research study provides qualitative and quantitative analysis of the global edge analytics market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue as well as sales volume across regions and further, across all the major countries. The supply side analysis covers regional production volume and capacity analysis. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Some of the major players operating in the global edge analytics market are include ADLINK Technology Inc., CISCO, GE Digital, Analytic Edge, CGI Inc., CISCO, Foghorn Systems, IBM, Intel, Microsoft, Oracle, SAP SE, SAS Institute Inc., amongst others
By Deployment Mode