To get the exact annual growth variance and the growth rate YOY, Talk to our analyst.

Key market dynamics:

  • Market engine
  • Market challenges

The increasing availability and complexity of data and the growing need to improve business efficiency are some of the major drivers of the market. Organizations around the world are increasingly focusing on managing large amounts of complex data. Smart techniques involving technologies such as ML and AI can help businesses capture the huge amount of complex data in a useful way and use that data to improve their services and business processes. companies rely on analytics to perform such tasks. Additionally, the growing volume of data, unlike legacy data types, is not well structured, especially written data that includes customer reviews, comments, and social media posts. Hence, the demand for analysis increases as the data has to be processed into valuable information.

However, factors such as data privacy and security concerns will challenge the growth of the market. Data privacy and security concerns are the main challenges for any organization, as devices are interconnected to the internet and depend on private and public networks. Critical data is transferred through networks such as IoT or the cloud, so a highly secure environment must be established. The possibility of a cyber intrusion will lead to less adoption of cloud-based analysis solutions and services (third-party services). These factors are expected to hamper the growth of the analytics market during the forecast period.

Find out more about the main drivers, trends and additional challenges available with Technavio. Read our FREE sample report!

Analysis of key market segments:

The Edge Analytics market report is segmented by Component (Solutions & Services) and Geography (North America, Europe, APAC, MEA and South America). The solutions segment held the largest market share of advanced analytics in 2021 and will continue to maintain its market dominance throughout the forecast period. In terms of geography, North America will be the leading region with 31% of the market growth during the forecast period. The United States and Canada are the key markets for cutting edge analysis in North America. However, the growth rate of the market in North America will be slower than market growth in other regions. An increase in data generation and the need for data analysis will facilitate the growth of the advanced analytics market in North America over the forecast period.

See our sample report for additional information on the contribution of all segments and regional opportunities

Some companies mentioned

    • ABB SA
    • Analytical edge
    • CGI inc.
    • Cisco Systems Inc.
    • Equinix inc.
    • Fog horn systems
    • Greenwave Systems
    • Oracle Corp.
    • SAP SE
    • SAS Institute Inc.
  • To access more supplier profiles with their key offers available with Technavio, Click here

Associated reports:

Learning Analysis Market by End User, Deployment, and Geography – Forecast and Analysis 2021-2025

Data Analytics Market by Component and Geography – Forecast and Analysis 2022-2026

Scope of the Periphery Analysis Market

Cover of the report

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth dynamics and CAGR

Decelerate to a CAGR of 17.41%

Market growth 2022-2026

$ 6.51 billion

Market structure

Fragmented

Annual growth (%)

19.97

Regional analysis

North America, Europe, APAC, MEA and South America

Efficient contribution to the market

North America at 31%

Main consumer countries

United States, China, United Kingdom, Germany and Canada

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

ABB Ltd., Analytic Edge, CGI Inc., Cisco Systems Inc., Equinix Inc., FogHorn Systems, Greenwave Systems, Oracle Corp., SAP SE and SAS Institute Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period.

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

Main topics covered:

  • Summary
  • Market landscape
  • Market sizing
  • Five forces analysis
  • Market segmentation by component
  • Customer landscape
  • Geographic landscape
  • Supplier landscape
  • Supplier analysis
  • appendix

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