Report Ocean published a recovery-based report for North America Edge Computing Market that provides crucial details on company opportunities, growth plans, trends, innovations, the competitive landscape in 2022, and the geographic outlook. Based on relevant market and regional segmentation, a thorough assessment of this worldwide market includes the historical analysis of this market (from 2023 to 2032) and develops reliable and approximative timeline estimations up to 2032.
The North America edge computing market is expected to reach USD 2.43 Billion by 2023, expanding at a CAGR of 28.7%. Edge computing brings data processing nearer to IoT sensors to decrease latency and improve efficiency. The internet of things is driven by huge volumes of data generated from activities in our day-to-day lives. Collecting, sending, and processing massive quantities of data requires companies to act intelligently, quickly, and make better business decisions. Edge computing is a network of data centers that store and process data locally before sending them to centers or cloud. It optimizes computing to avoid disruptions in sending and receiving data.
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The North America edge market is classified into applications and end users.
Based on applications, it is further sub-classified into smart cities, smart factories, connected healthcare, connected vehicles, smart grids, and others. Other applications include edge computing in gaming and e-commerce. Smart cities holds the largest market share. The concept of smart cities is expanding in the US. New York City and Boston city are among the leading smart city initiatives in this region.
Based on end users industries, edge computing network are used in the manufacturing sector, energy and utility sector, IT and telecommunication, healthcare and life sciences, and consumer appliances. The IT and telecommunication sector is expected to grab the largest market share and grow at the highest CAGR. The region is leading in 5G deployments. Most North American service providers are moving towards the commercial launch of 5G.
Based on regions, the market is divided into the United States and Canada. The U.S. would secure the highest market because it has leveraged the utilisation of digital infrastructure. This emerging technology has gained transaction owing to the limitation of cloud-based analytics systems
Key growth factors
The internet of things is trending in North America. With more IoT devices getting connected, the regions market has seen broader adoption of edge computing solutions across all the verticals. The presence of connectivity networks will act as a driving factor to facilitate the adoption of edge computing.
The average number of digital devices available to the citizen is increasing exponentially. People are better connected with enhanced access to brand and content. The gaming and e-commerce markets are booming in this region. This would widen the opportunity of edge computing.
Threats and key players
The crucial challenges faced by this region is lack of skill, understanding, problem with standardisation and implementation of the network. This emerging technology is facing the problem of deployment, i.e. challenging to optimise spectrum usage.
The key players in the North America edge computing market are Cisco Systems, Inc, Microsoft Corporation, IBM, Google, and Amazon.
What’s covered in the report?
1. Overview of the North America edge computing market.
2. The current and forecasted regional (United States and Canada) market size data for the North America edge computing market, based on applications: smart cities, smart factories, connected healthcare, connected vehicles, smart grids, and other; based on end users industries: manufacturing, energy and utility, IT and telecommunication, healthcare and life sciences, consumer appliances, transportation and logistics.
3. Market trends in the North America edge computing market.
4. Market drivers and challenges in the North America edge computing market.
5. Analysis of company profiles of major players operating in the market.
Why buy?
1. Understand the demand for the North America edge computing market by application and end user industries to determine the viability of the business.
3. Formulate a product marketing strategy based on the position in the value chain and determine the optimal product/service placement.
4. Identify the gap areas and address them.
5. Develop strategies based on the industry and economic factors for each of the segments.
6. Define the competitive positioning by comparing the products and services with the key players in the market.
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada)
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific)
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa)
List of Factors Covered in the Report are:
Major Strategic Developments: The report abides by quality and quantity. It covers the major strategic market developments, including R&D, M&A, agreements, new products launch, collaborations, partnerships, joint ventures, and geographical expansion, accompanied by a list of the prominent industry players thriving in the market on a national and international level.
Key Market Features:
Major subjects like revenue, capacity, price, rate, production rate, gross production, capacity utilization, consumption, cost, CAGR, import/export, supply/demand, market share, and gross margin are all assessed in the research and mentioned in the study. It also documents a thorough analysis of the most important market factors and their most recent developments, combined with the pertinent market segments and sub-segments.
List of Highlights & Approach
The report is made using a variety of efficient analytical methodologies that offers readers an in-depth research and evaluation on the leading market players and comprehensive insight on what place they are holding within the industry. Analytical techniques, such as Porter’s five forces analysis, feasibility studies, SWOT analyses, and ROI analyses, are put to use to examine the development of the major market players.
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