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EDGE COMPUTING MARKET ANALYSIS

Edge Computing Market, By Component (Hardware, Solutions, Platform and Services), By Organization Size (Small and Medium Enterprises and Large Enterprises), By Application (Smart Cities, Data Caching, Analytics, Location Services, Environmental Monitoring, Optimized Local Content, Augmented Reality, and Others (Asset Tracking and Video Surveillance)), By End-use Industry (Government and Public, Manufacturing, Media and Entertainment, Healthcare, Telecom and IT, Transportation, Energy and Utilities, Retail, and Others (Hospitality, BFSI, and Education)), and By Region - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

Regional Analysis

Edge Computing Market: Regional Insights

The global edge computing market has been segmented on the basis of regions into North America, Europe, Asia-Pacific, Latin America, and Middle East, and Africa. The market for edge computing in North America is expected to witness significant growth during the forecast period. This growth is attributed to developing IT infrastructure, which is compatible with 4G LTE and 5G networks. This in turn, propels the adoption of broadband connectivity and increases the number of smartphones subscribers in this region. According to Coherent Market Insights’ analysis, in 2016, over 88% of the U.S. population had access to the Internet, which accounts for around 280 million of the U.S. population. Furthermore, in November 2016, around 78% of the U.S. population were recorded using smartphones. This indicates increasing demand for IoT technology, which in turn, is expected to boost growth of the regional edge computing market.

Geographies Covered:

North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa.

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