Global Edge Analytics Market Analysis, Growth, Demand Future Forecast 2028
The edge analytics market is expected to witness market growth at a rate of 32.05% in the forecast period of 2021 to 2028. Data Bridge Market Research report on edge analytics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the demand of edge analytics in business-to-business (b2b) as compared to consumer applications is escalating the growth of edge analytics market.
Analysis of data collected from a non-central point in a system which comprises of network switch, sensor or peripheral node is also called edge analytics. Big data analytics processing is approved in a centralized way with the help of central depository large, data centers or hadoop clusters.
major factors that are expected to boost the growth of the edge analytics market in the forecast period are the arrival of IoT and proliferation of massive amount of data through connected devices. Furthermore, the predictive and real-time intelligence on network devices acts as a catalyst to the growth of edge analytics is further anticipated to propel the growth of the edge analytics market. Moreover, the growing implementation of edge analytics upsurges scalability and cost optimization is further estimated to cushion the growth of the edge analytics market. On the other hand, concerns regarding the safety and security is further projected to impede the growth of the edge analytics market in the timeline period.
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