This Frost Radar focuses on the global edge analytics software market. Edge analytics solutions utilize devices such as routers, sensors, integrated access devices (IADs), and multiplexers to sift through and rank large amounts of data collected on these devices. Since edge analytics software allows for analysis to occur at the device itself, it reduces latency and eliminates the need for large amounts of data transfer, thus maintaining data privacy, providing real-time actionable insights locally, reducing cost, and increasing scale. As a result, several Big Data analytics (BDA) vendors are expanding their product portfolio to include edge analytics solutions to provide insights in real time rather than moving data back to a central hub. Edge ecosystem vendors are collaborating with each other to push the technology forward but also competing to gain first-mover advantage across industry verticals and locations.
There is a consensus that no one vendor can deliver on all future use cases; collaboration is becoming the key to market expansion. Key revenue contributors in the market include SAS, C3.ai, SAP, Rockwell Automation, and FogHorn Systems. Other market vendors include Swim.ai and Guavus. Leading edge ecosystem vendors such as Siemens, Intel, SiSense and NVIDIA are still piloting use case-driven edge software solutions and are not included in the analysis this year. Additionally, IBM, Microsoft and Amazon Web Services (AWS) are either providing open source solutions or software development kits to support the developer community in creating edge analytics solutions.
Market growth is driven by the need for real-time insights. For instance, in manufacturing, factories are dependent on uptime; to predict machine maintenance needs, they choose to process data on the edge versus the cloud to avoid bandwidth and latency issues and draw real-time insights to take timely action. The market also is affected by the need for organizations to stay competitive, dissatisfaction with BDA solutions, and generation of new revenue through data monetization. Still, the market has been unable to reach its full potential due to poor data hygiene, difficulty proving return on investment, data security challenges, lack of data standardization, and dearth of skilled labor.
The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the edge ecosystem and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.
Author: Deviki Gupta
Industry Overview
Industry Overview (continued)
Industry Overview (continued)
Industry Overview (continued)
Industry Overview (continued)
The Frost Radar
Frost Radar—Description of Companies Plotted
Frost Radar—Description of Companies Plotted (continued)
Frost Radar—Description of Companies Plotted (continued)
SAS
C3.ai
SAP
FogHorn Systems
Rockwell Automation
Swim.ai
Guavus
The Last Word—Key Takeaways
Legal Disclaimer
Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform
Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform (continued)
Frost Radar—C2A
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
- Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. - Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. - Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. - Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? - Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
- INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. - RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. - PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. - MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. - CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
- GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. - BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. - COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. - CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. - PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
Speak directly with our analytics experts for tailored recommendations.
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Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
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Impacting your company's future growth potential.
| Deliverable Type | Frost Radar |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Deviki Gupta |
| Industries | Information Technology |
| WIP Number | K440-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9523-D1,9702-C1,9705-C1,9820-C1,9A5B-C1,9B07-C1 |
Frost Radar in the Edge Analytics Software Market
A Measurement System to Spark Companies 2 Action (C2A)—Innovation That Fuels New Deal Flow and Growth Pipelines
23-Dec-2019
North America
Frost Radar