Global Growth Driving Factors:

Edge computing is becoming more and more common across industries as a result of an increase in the number of devices and an increase in the use of internet services. Because of its many advantages—low latency, traffic distribution, increased reliability, and lower costs—healthcare organizations all over the world have embraced it quickly. Furthermore, edge computing offers sensitive data increased security and privacy, which makes it a desirable choice for businesses handling private data.

Projected Surge in Revenue Generation:

The healthcare edge computing market is expected to grow at a compound annual growth rate (CAGR) of 26.1% from 2022 to 2028, from an estimated $4.1 billion in revenue in 2022 to $12.9 billion.

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Industry Segmentation:

Over the projection period, the hardware segment is anticipated to account for the majority of edge computing in the healthcare market by component.

The market is divided into software and services segments based on the offerings. In 2022, the software category held the biggest market share worldwide. Due to the widespread adoption of edge hardware by healthcare institutions in order to achieve high performance, scale, and flexibility, the hardware segment dominated this market in 2022.

According to end users, the edge computing market for healthcare is anticipated to grow at the fastest rate in the hospitals and clinics segment during the forecast period.

According to end users, hospitals and clinics generate a lot of revenue because of the vast amounts of data they generate from their customer base and geographical reach. By facilitating quicker, more effective decision-making and lessening the strain on IT infrastructure, edge computing is revolutionizing the way hospitals and clinics handle data. The overall effectiveness of healthcare systems is rising along with patient outcomes and patient experience thanks to this technology.

Geographical Growth Scenario:

In terms of edge computing in the healthcare sector, North America is anticipated to hold the biggest share in 2022.

The global market has been divided into four regions: Asia Pacific, Europe, North America, and the Rest of the World. North America held the largest market share in 2022, with Europe following closely behind. The global edge computing market in North America has grown even more as a result of the growing number of alliances and partnerships between edge computing and other technology providers for ongoing technological innovations and advancements in edge computing.

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Key Players:

Major players operating in the edge computing in healthcare market are CISCO Systems, Inc. (US), HUAWEI Technologies Co. Ltd (China), Dell Technologies, Inc. (US), Amazon Web Services (US), Google, Inc. (US), Microsoft Corporation (US), Intel Corporation (US), General Electric Digital (US), Hewlett Packard Enterprise Company (US), VMware, Inc. (US).

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