Overview of This Study:

Estimating the current size of the global Edge Computing in Healthcare Market was a major activity of the study. To gather data on the parent and peer markets, a thorough investigation was conducted through secondary research. The next stage involved conducting primary research to confirm these conclusions, hypotheses, and sizing with industry experts throughout the value chain.

In order to determine the segmentation types, industry trends, major players, competitive landscape, important market dynamics, and major player strategies, the research process involved analyzing a variety of industry-affecting factors. A combination of top-down and bottom-up methods was used to estimate the overall market size. The market size of the segments and subsegments was then estimated using data triangulation and market breakdown.

Major 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.

Restraint: Expensive CAPEX and OPEX linked to edge computing platforms

The initial capital expenditure (CAPEX) needed for infrastructure is one of the main barriers to the adoption of edge computing solutions in healthcare settings. The adoption of edge computing systems is restricted in healthcare organizations with limited budgets due to the significant investment required in hardware, software, and networking infrastructure. For example, a large investment in high-performance computing infrastructure, comprising servers, storage systems, and networking equipment, is necessary for the deployment of edge computing systems for medical imaging. High-performance edge computing solutions for medical imaging are available from companies like NVIDIA and Intel, but these systems can have significant upfront costs.

Download PDF Brochure@
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=133588379

Opportunity: Advent of 5G network

Soon, 5G is anticipated to make revolutionary breakthroughs possible. By the end of 2025, 2.8 billion 5G subscriptions worldwide are anticipated, making up 30% of all subscriptions, according to Ericsson Mobility Report 2020. More advantages will come from 5G for the use of edge computing technologies. Businesses that centralize their APIs do not see an improvement in user experience from 5G. In one or two data centers, about 99% of APIs are centralized. Healthcare companies need to figure out how to implement edge messaging systems that stream data or build an edge network that allows for distributed access. Instantaneous communication experiences and faster application connectivity are provided by 5G with its edge messaging system.

Cisco projected that by 2022, the effects of 5G will be noticeable and substantial. Cloud, core, and edge are united by 5G. Faster and more reliable network architectures will result from it, pushing the core closer to the end and lessening the need for edge technology across a range of applications. As a result, new edge use cases and edge deployments will accelerate with 5G.

Revenue Growth Expectations:

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.

Data Triangulation:

Following the above-described estimation process, the total market size was determined and then divided into a number of segments and subsegments. Data triangulation and market breakdown procedures have been used, when appropriate, to finish the overall market engineering process and obtain precise statistics for each segment and subsegment. Through an analysis of numerous variables and patterns from the supply and demand sides, the data has been triangulated. Furthermore, the market has been validated through the application of both top-down and bottom-up methodologies.

End Users:

Hospitals and clinics accounted for the largest share of edge computing in the healthcare market, based on end user.

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 Dynamics:

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.

Request Sample Pages@
https://www.marketsandmarkets.com/requestsampleNew.asp?id=133588379

Global Leading Companies:

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).

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]