The North America Edge Computing Market would witness market growth of 16.2% CAGR during the forecast period (2022-2028).
In the past years, the promise of cloud computing and artificial intelligence (AI) was to automate and speed up innovation by generating useful data insights. However, the linked devices' ability to produce data on a scale and in a complexity never before seen has exceeded network and infrastructure capacities. There are bandwidth and latency problems when sending all of the device-generated data to a centralized data center or the cloud.
A more effective option is edge computing, where data is processed and analyzed closer to the source of creation. Latency is greatly decreased because data does not have to travel across a network to a cloud or data center to be processed. With the help of edge computing, particularly mobile edge computing on 5G networks, it is possible to analyze data more quickly and thoroughly, leading to deeper insights, quicker responses, and better consumer experiences.
Edge computing makes use of the expanding power of in-device computing to deliver in-depth analysis and forecasting in a timely manner. Enhanced analytics capabilities in edge devices can drive innovation to raise the value and improve quality.
As the demand for easy driving and the rising concern for security & safety drive the need for high-end technology, increasing the demand for autonomous and semi-autonomous vehicles in the United States region. According to automation levels, the US market for autonomous vehicles is sizable at Levels 3 and 4. In Level 3 automation vehicles, the independent vehicle driving system performs all dynamic driving responsibilities in the absence of a driver. Braking, accelerating, keeping an eye on the vehicle, steering, and reacting to traffic-related incidents are all part of active driving.
The US market dominated the North America Edge Computing Market by Country in 2021; thereby, achieving a market value of $28.1 billion by 2028. The Canada market is experiencing a CAGR of 18.9% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 17.8% during (2022 - 2028).
Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Application, the market is segmented into Smart Cities, Industrial Internet of Things (IIoT), Remote Monitoring, Content Delivery, Augmented Reality (AR) & Virtual Reality (VR), and Others. Based on Component, the market is segmented into Hardware, Software, and Services. Based on Vertical, the market is segmented into Manufacturing, Government & Defense, Retail & Consumer Goods, Healthcare & Life Sciences, Telecommunications, Transportation & Logistics, Media & Entertainment, Energy & Utilities, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Edge Computing Market is Estimated to reach $111.4 Billion by 2028, at a CAGR of 16.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., Hewlett Packard Enterprise, Huawei Technologies Co., Ltd., IBM Corporation, Dell Technologies, Inc., Nokia Corporation, Amazon Web Services, Inc., Intel Corporation, Google LLC and Microsoft Corporation.
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