Global edge analytics market is estimated to reach US$ 38751.52 million by 2027

Pune, India -- (SBWire) -- 03/09/2019 --The autonomous vehicles that were introduced in late 21st century was dependent on GPS (Global Positioning System) technology to enable accurate navigation during their journey, thus making the access of cellular network vital to their operations. But the lack of network connectivity in limited coverage areas has prevented the usage of GPS. The implementation of edge analytics in these self-driven cars provide superior navigation and un-disruptive network. Washington based software company Airbiquity realized this limitation of GPS technology and is therefore currently in the process of using edge analytics, that will allow automakers and suppliers to analyze data remotely. This is expected to propel the growth of edge analytics market over the next eight years. Automakers and suppliers are actively working on this technology so as to take opportunity of the same properly in future years. The Automotive Edge Computing Consortium (AECC) is currently focused on increasing vehicle network and computing capacity to accommodate edge in future cars. Automobile giants such as DENSO, NTT DOCOMO and Toyota Motor Corporation are also on the march to implement it in their future car designs.

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"Edge analytics is the new approach for data collection in real time. Its usage was earlier limited to core sectors such as manufacturing and utility. But companies have come up with the solution of implementing this technology in future cars after realizing its potential. Data and the future of autonomous vehicles go hand in hand! The GPS technology that is currently implemented in self-driven cars have limited access in low network areas. This anomaly is supposed to be replaced by edge analytics market technologies in future. Hence, the approach has gained momentum within no-time. Also, it is getting a lot of attention from investors as they consider it to the future of automobile industry"

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 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., Microsoft, Analytic Edge, CGI Inc., CISCO, Foghorn Systems, SAP SE, SAS Institute Inc., amongst others

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By Component
o Solutions
o Services
o Professional Services
o Managed Services

By Deployment Mode
o On-Premise
o On-Cloud

By Type
o Descriptive Analytics
o Predictive Analytics
o Prescriptive Analytics
o Diagnostic Analytics

By Application
o Marketing
o Sales
o Operations
o Finance
o Human Resources
o Others

By Vertical
o Healthcare and Life Sciences
o Banking, Financial Services, and Insurance
o Manufacturing
o Retail and Consumer Goods
o IT and Telecommunication
o Transportation and Logistics
o Media and Entertainment
o Energy and Utility
o Government and Defense
o Travel and Hospitality
o Others

By Geography
o North America
o U.S.
o Canada
o Mexico
o Rest of North America
o Europe
o France
o The UK
o Spain
o Germany
o Italy
o Nordic Countries
? Norway
? Sweden
? Finland
? Denmark
? Iceland
o The Benelux Union
? Luxembourg
? Belgium
? Netherlands
o Rest of Europe
o Asia Pacific
o China
o Japan
o India
o Australia
o New Zealand
o Southeast Asia
? Malaysia
? Singapore
? Indonesia
? Thailand
? Rest of Southeast Asia
o Rest of Asia Pacific
o Middle East & Africa
o Saudi Arabia
o Kuwait
o Egypt
o UAE
o Southern Africa
o Rest of Middle East & Africa
o Latin America
o Brazil
o Argentina
o Rest of Latin America