Rising Manufacturing Efficiency Fuels Growth in Edge Analytics - Global Market Trends 2022-2030
DUBLIN, Sept. 7, 2023 /PRNewswire/ -- The "Edge Analytics: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Edge Analytics Market to Reach $68.7 Billion by 2030
In 2022, the global Edge Analytics market stood at a substantial $10 billion, and the future looks even more promising. Projections indicate a staggering growth rate, with the market expected to reach an impressive $68.7 billion by 2030, boasting a remarkable compound annual growth rate (CAGR) of 27.2% over the analysis period from 2022 to 2030.
This comprehensive analysis encompasses various vital aspects, including solutions, services, predictive analytics, diagnostic analytics, prescriptive analytics, and descriptive analytics. The assessment spans across different geographic regions, evaluating annual revenues from 2022 to 2030 and delving into historical data from 2015 to 2021. Furthermore, the report offers an insightful 15-year perspective, breaking down value revenues for the pivotal years of 2015, 2023, and 2030.
Key sectors, such as IT & Telecom, BFSI, Transportation & Logistics, Manufacturing, Retail & Consumer Goods, Energy & Utility, and Other Verticals, are under scrutiny, providing valuable insights into market trends and performance from the past, present, and future perspectives.
Among the segments analyzed, solutions are expected to take the lead with an impressive 25.6% CAGR, ultimately reaching $47.2 billion by the end of the analysis period. The Services segment, considering the ongoing post-pandemic recovery, shows strong growth prospects, readjusting to a revised 31.6% CAGR over the next eight years.
The U.S. is estimated to dominate the Edge Analytics market in 2022, with an estimated value of $6.9 billion. Notably, China, the world's second-largest economy, is forecasted to achieve a significant market size of $2.7 billion by 2030, driven y an astonishing CAGR of 34.1% from 2022 to 2030.
In addition to these key markets, Japan and Canada are expected to witness remarkable growth rates of 20.6% and 24.9%, respectively, during the 2022-2030 period. Within Europe, Germany is projected to maintain a robust growth trajectory, with an estimated CAGR of approximately 24.2%. These insights underscore the immense growth potential and opportunities within the dynamic Edge Analytics sector.
MARKET TRENDS & DRIVERS
FOCUS ON SELECT PLAYERS (Total 139 Featured)
For more information about this report visit https://www.researchandmarkets.com/r/j8lkjf
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