Edge Computing Market Sees Uptake in Healthcare Data Analytics

The global edge computing market was valued at USD 23.65 billion in 2024 and is projected to reach USD 327.79 billion by 2033, representing a robust compound annual growth rate (CAGR) of 33.0% between 2025 and 2033. Edge computing introduces an additional layer in IT infrastructure by enabling diverse stakeholders to manage networking, software development, traffic distribution and service management closer to where data is generated.

Key Market Trends & Insights

• In 2024, North America secured the largest share of the edge computing market, accounting for over 38% of revenue.
• The U.S. led North America’s market in 2024, maintaining dominant revenue share.
• Among components, the hardware segment dominated in 2024 and held over 42% of market revenue.
• For applications, the industrial Internet of Things (IIoT) segment held the largest revenue share in 2024.
• In terms of organization size, large enterprises accounted for the largest share in 2024.

Market Size & Forecast

• 2024 actual market size: USD 23.65 billion
• Forecast for 2033: USD 327.79 billion
• CAGR (2025–2033): 33.0%

The market is being driven by surging demand for faster data processing, reduced latency and real-time analytics across industries. Enterprises are increasingly favouring decentralized computing architectures that move valuable processing closer to data sources.

The growth of 5G networks amplifies this shift, enabling edge computing platforms to support use cases such as autonomous vehicles, smart city infrastructure and remote surgery.

Meanwhile, the spread of artificial intelligence (AI) and machine learning (ML) into edge deployments is accelerating adoption: businesses are embedding inference capabilities locally in mission-critical sectors like defense, retail and energy, thereby reducing cloud dependency and improving data security.

Order a free sample PDF of the Edge Computing Market Intelligence Study, published by Grand View Research.

Key Companies & Market Share Insight

A number of major multinational firms dominate the edge computing space. For example:

• Amazon Web Services, Inc. (AWS) provides edge computing services such as AWS Wavelength, AWS Outposts and AWS Greengrass, enabling ultra-low latency applications by extending infrastructure into telecom networks and local sites. These are applied in autonomous mobility, video streaming and smart city solutions.
• Microsoft Corporation offers services such as Azure Stack Edge and Azure IoT that allow enterprises to process and analyse data near the source. Its platform supports real-time decision-making, machine-learning inference at the edge and is particularly strong in manufacturing, healthcare and logistics.
• Schneider Electric focuses on sustainable edge computing via EcoStruxure Micro Data Centers and compact prefabricated edge solutions that integrate power, cooling and IT infrastructure. Its target segments include energy, utilities and industrial automation.
• Siemens is expanding in industrial edge computing with its Industrial Edge platform, enabling real-time analytics on the factory floor and leveraging IIoT and edge AI for predictive maintenance, quality assurance and operational efficiency.

Key Companies List

• Amazon Web Services, Inc.
• Microsoft Corporation
• Google LLC
• Cisco Systems, Inc.
• Hewlett-Packard Enterprise Development
• Intel Corporation
• Huawei Technologies Co., Ltd.
• Schneider Electric
• Siemens
• General Electric Company

Conclusion

In summary, the edge computing market is poised for remarkable growth, expanding from USD 23.65 billion in 2024 to USD 327.79 billion by 2033 at a CAGR of 33.0%. Key drivers include low-latency processing requirements, growth of IIoT and 5G, along with adoption of AI-driven solutions at the edge. Hardware currently dominates the component landscape, while large enterprises remain the largest organizational segment. North America leads geographically, though regions such as Asia Pacific are poised for high growth. Major providers such as AWS, Microsoft, Schneider Electric and Siemens are shaping the competitive ecosystem. Given the strong fundamentals and emerging opportunities, edge computing is set to become a central pillar of the computing architecture for enterprises in the coming decade.

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