The North America 5G Edge Computing Market would witness market growth of 46.2% CAGR during the forecast period (2024-2031).
The US market dominated the North America 5G Edge Computing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $18,218 million by 2031. The Canada market is experiencing a CAGR of 49.2% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 48.1% during (2024 - 2031).
The convergence of 5G technology and edge computing represents one of the most transformative developments in the digital era, redefining how data is processed, stored, and utilized across industries. The demand for faster, more efficient, and low-latency solutions has surged as the world becomes increasingly connected through billions of devices—ranging from smartphones and IoT sensors to autonomous vehicles and smart infrastructure.
At its core, 5G edge computing refers to a distributed computing architecture that integrates 5G connectivity with edge computing infrastructure, bringing computation and data storage closer to the end-user or device. Unlike traditional cloud computing, which relies on centralized data centers often located far from the data source, edge computing processes data at or near its point of origin.
The market is experiencing rapid expansion, driven by the growing need for real-time data processing, low-latency applications, and enhanced network capabilities. In addition, the Canadian government projects a 1% annual increase in electricity demand from 2014 to 2040, with industrial energy consumption expected to grow at 0.7% annually. To meet rising demand, energy producers are expanding generation capacity, especially through renewable energy sources such as wind, solar, and hydroelectric power.The United States witnessed a 7.5% increase in healthcare spending in 2023, reaching $4.9 trillion, accounting for 17.6% of the country’s GDP. This surge in healthcare investment highlights the growing reliance on digital health solutions, including telemedicine, remote patient monitoring, and AI-driven diagnostics. Mexico’s telecommunications sector has consistently outpaced the country’s overall economic growth, driven by increased mobile phone usage, broadband expansion, and broadcasting services. In 2022, Mexico had over 130 million active wireless lines, with over 113 million people having Internet access. In Conclusion, Canada, the USA, and Mexico are playing crucial roles in advancing the market by leveraging their energy, healthcare, and telecommunications strengths.
Free Valuable Insights: The 5G Edge Computing Market is Predict to reach USD 69.02 Billion by 2031, at a CAGR of 46.9%
Based on Solution, the market is segmented into Software, Services and Hardware. Based on End Use, the market is segmented into IT & Telecom, Datacenters, Automotive, Smart Cities, Smart Homes, & Smart Buildings, Healthcare, Energy & Utilities, and Other End Use. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Solution
By End Use
By Country
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