Northbrook, IL 60062 -- (SBWire) -- 10/05/2023 --Edge Computing in Healthcare Market by Component (Hardware, Software, Services), Application (Diagnostics, Robotic Surgery, Telehealth, RPM, and Ambulances), End User (Hospitals, Clinics, Ambulatory Care Center), & Region - Global Forecast to 2028", is projected to reach USD 12.9 billion by 2028, from USD 4.1 billion in 2022, at a CAGR of 26.1% from 2022 to 2028. Edge computing is gaining popularity across industries as there is a rise in the number of devices, which has increased the demand for high-bandwidth applications with the growing use of internet services. Edge computing is rapidly gaining acceptance worldwide by healthcare organizations due to various benefits, including low latency, traffic distribution, increased reliability, and reduced costs.
Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=133588379
Browse in-depth TOC on "Edge Computing in Healthcare Market"
164 - Tables
57 - Figures
234 – Pages
Key Market 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).
Edge Computing in Healthcare Market Dynamics:
Drivers:
Growing adoption of IoT medical devices
Exponentially increasing network traffic and volume of healthcare data
Rising need to curtail healthcare costs
Rising demand for low-latency processing and real-time, automated decision-making solutions
Restraints:
High CAPEX and OPEX associated with edge computing systems
Interoperability challenges related to edge computing across different healthcare systems
Opportunities:
Advent of 5G network
Challenges:
Complexities in integrating edge computing systems with existing cloud architecture
Susceptibility to cyberattacks and limited authentication capabilities of edge computing architectur
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=133588379
Hardware segment is expected to be the largest edge computing in healthcare market, by component, during the forecast period
Based on offering, the market is segmented into software and services. The software segment accounted for the largest share of the global market in 2022. The hardware segment dominated this market in 2022, this is due to the high-scale deployment of edge hardware by healthcare organizations to achieve high performance, scale, and flexibility.
The hospitals & clinics segment, by end user, is expected to be the largest and fastest growing edge computing in healthcare market during the forecast period
Based on end-users, hospitals & clinics garner high revenue owing to their huge generation of data, attributed to the widespread geographical presence and customer base. Edge computing is transforming the way hospitals and clinics manage data, enabling faster, more efficient decision-making and reducing the burden on IT infrastructure. This technology is helping to improve patient outcomes, enhance the patient experience, and increase the overall efficiency of healthcare systems.
North America is expected to account for the largest share in edge computing in healthcare market in 2022
Based on region, the global market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. In 2022, North America accounted for the largest market share followed by Europe. The increasing number of alliances and partnerships among edge computing and other technology providers for continuous technological innovations and advancements in edge computing have further added to the growth of the global edge computing market in North America.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=133588379
Recent Developments:
- In December 2022, Intel Labs and the Perelman School of Medicine at the University of Pennsylvania (Penn Medicine) completed of a joint research study using distributed machine learning (ML) and artificial intelligence (AI) approaches to help international healthcare and research institutions identify malignant brain tumors.
- In February 2023, Cisco Systems, Inc. (US) partnered with the NTT DATA (Tokyo) to boost private 5G adoption and edge computing solutions across the Automotive, Logistics, Healthcare, Retail, and public sectors. Cisco Systems, Inc. also collaborated with Bharti Airtel and Apollo Hospitals, Inc. to develop 5G-connected ambulances
- In February 2022, Kyndryl partnered with Amazon Web Services to establish a Cloud Centre of Excellence to provide joint solutions, such as mainframe, network, edge computing, and ERP services for mission-critical infrastructure.
- In October 2021, Dell Technologies enhanced its edge innovations across its infrastructure and PC portfolios to assist organizations in simplifying deployments and capturing more value from data generated and processed outside of the traditional data center and public cloud—from rugged and remote locations to retail stores and factory floors. For instance, VxRail satellite node single-node deployments automate day-to-day operations, health monitoring, eliminating the need for local technical and specialized staff.
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
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.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
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 or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Edge Computing in Healthcare Market Report: Industry Size Business Revenue and Key Insights and Forecast 2028
In December 2022, Intel Labs and the Perelman School of Medicine at the University of Pennsylvania (Penn Medicine) completed of a joint research study using distributed machine learning (ML) and artificial intelligence (AI) approaches to help international healthcare and research institutions identify malignant brain tumors.