Edge Computing 2023-2027: North America's 42% Share

By Author: Ben Gross
Total Articles: 453
Comment this article

The global edge computing market is set to grow significantly from 2022 to 2027, estimated to expand by USD 9,928.42 million at a CAGR of over 24.74%. The market was valued at USD 2,454.66 million in 2017, with North America expected to contribute 42% to the global growth during the forecast period. This growth in North America is driven by the emphasis on enhancing IT efficiency in commercial and industrial setups, the increased adoption of big data analytics and IoT, and the shift from core-to-network edge systems.

Segmented by end-users such as industrial manufacturing, telecom, mobility, government, and others, the industrial manufacturing segment will hold a significant market share, driven by strategic alliances with vendors to integrate edge computing into operations. Key driving factors include the need for decentralized computing to reduce decision-making latency, while challenges include competition from low-cost centralized computing infrastructure. The deployment of Industry 4.0 infrastructure and the adoption of connected automation systems and technologies are key trends shaping this market's growth.

The ...
... report spans 185 pages, covering market dynamics, segmentation, customer landscape, and geographic insights into North America, Europe, APAC, South America, and the Middle East and Africa. It outlines key vendors such as Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., and Microsoft Corp., analyzing their positioning and strategies. The document also provides insights into drivers, challenges, and trends impacting the market, along with an extensive overview of the market's competitive landscape, upcoming trends, and consumer behavior changes between 2023 and 2027.

More Information : https://www.techdogs.com/tech-news/pr-newswire/edge-computing-market-2023-2027-north-america-is-estimated-to-account-for-42-of-the-growth-of-the-global-market-technavio