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Big data dissatisfaction is

driving demand at the Edge

Demand for low-latency real-time insights is seeing increased demand for Edge
analytics – a market that Frost & Sullivan says could be worth some $1.18bn by 2025

Frost & Sullivan’s recent analysis, Growth
Opportunities in the Global Edge Analytics
Market, Forecast to 2025, finds that

Dissatisfaction with Big Data Analytics (BDA)
is increasing the uptake of edge analytics
solutions across industry verticals. Frost &
Sullivan’s recent analysis, Growth
Opportunities in the Global Edge Analytics
Market, examines the key competitors in the
edge analytics software market, revenue
forecast analysis by region and industry
vertical, and much more.

Demand for machine intelligence (MI) and
artificial intelligence (AI) applications at the
edge is driving the market adoption of edge
analytics. By 2025, the global edge analytics
software market is estimated to witness
nearly five-fold growth, garnering a revenue devices (IADs), and multiplexers to sift expansion. Key revenue contributors in the
of $1.18 billion from $254.8 million in 2020. through and rank large amounts of data. market include SAS, C3.ai, SAP, Rockwell
Edge analytics software analyses data on the Automation and FogHorn Systems. Other
“Businesses recognise data as a valuable device, reduces latency, eliminates the need market vendors include Swim.ai and
asset, which they can leverage to create a for large amounts of data transfers, maintains Guavus.
competitive advantage, operational data privacy, provides real-time actionable
efficiencies, new revenue opportunities, insights locally, reduces cost, and increases Edge vendors such as Siemens, Intel,
customer satisfaction, and even industry scale. SiSense and NVIDIA are still piloting edge
disruption,” said Anisha Vinny, program software solutions driven by use cases;
manager for information and communication Several Big Data analytics (BDA) vendors however, they have not been included in the
technologies at Frost & Sullivan. have expanded or are expanding their analysis this year. Additionally, IBM,
product portfolio to include edge analytics Microsoft, and Amazon Web Services (AWS)
“Approximately 51% of business leaders solutions and provide insights in real-time, provide open-source solutions or software
surveyed by Frost & Sullivan claimed that rather than moving data to a central hub for development kits to support the developer
investigating and utilising data is a top analysis. Edge ecosystem vendors community in creating edge analytics
business priority. Cost reduction is cited as collaborate to push the technology forward solutions.
a strategic priority by 78% of business and compete to gain first-mover advantage
leaders, while 72% are willing to invest in across industry verticals and locations. Vinny added: “By 2025, the North America
technologies that could reduce spending.” and Latin America (NALA) region, led by the
There is a consensus that a single vendor United States, will be a key adopter of edge
Edge analytics solutions utilise devices such cannot deliver on all future use cases; analytics solutions, accounting for 59.3% of
as routers, sensors, integrated access collaboration is becoming the key to market the total market revenue. Europe, Middle
East, and Africa (EMEA) region is the
second-largest revenue contributor in the
market, followed by Asia-Pacific. In terms of
industry verticals, the manufacturing sector
leads the way, followed by energy and
logistics.”

To capitalise on the immense growth
prospects, market participants should focus
on the following industry verticals:

Manufacturing: Predictive analytics,
primarily predictive maintenance, is a critical
use case in the manufacturing sector.

28 WINTER 2021 – INDUSTRIAL TECHNOLOGY EXTRA