The global edge computing in healthcare market is projected to reach 4.1 billion in 2022 to USD 12.9 billion in 2028, at a CAGR of 26.1% during the forecast period. 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.
Prominent players in the edge computing in healthcare market include 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), Nokia Corporation (Finland), NVIDIA Corporation (US), Capgemini (France), Saguna Networks Ltd. (Isreal), Fastly, Inc. (US), StackPath, LLC (US), ADLINK Technology, Inc. (Taiwan), Digi International, Inc. (US), Sierra Wireless (A Semtech Company) (Canada), Juniper Networks, Inc. (US), EdgeConneX, Inc. (US), ClearBlade, Inc. (US) and EdgeIQ (US). These companies adopted strategies such as product launches/enhancements, expansions, agreements, partnerships, collaborations, investments, joint ventures, and acquisitions to strengthen their market presence in the edge computing in healthcare market. To remain competitive, major market players are focusing on expanding into fast-growing emerging markets and acquiring smaller companies with favorable technological capabilities or geographic presence.
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Cisco Systems, Inc. has a strong product portfolio in the edge services category. The company has a strong partner network with offices across 450 locations across the globe. It holds a strong position in the edge computing market. The company is investing in R&D for growth and innovation. The company has a strong geographic presence and offering edge computing deployments in emerging markets such as India, China, and Brazil. The company’s strategy is to excel in the global market through strategic collaborations. For instance, Cisco Systems, Inc. collaborated with Apollo Hospitals and Bharti Airtel to develop 5G connected ambulances. Also, Cisco Systems, Inc. collaborated with NTT DATA to boost private 5G adoption and edge computing solutions across the Automotive, Logistics, Healthcare, Retail, and public sectors.
HUAWEI Technologies Co. Ltd (China) has a strong global presence, brand name, and diversified product portfolio in the edge computing in healthcare market. It has a strong focus on research and innovation. Every year, the company invests a considerable amount into R&D. It also invests massively into the latest technologies, such as AI, to remain competitive in the market. The company has a proper strategy that focuses on lowering costs and improving quality products. It has significant advantage in the 5G technology. The company is focusing on collaborations to explore opportunities in the edge computing in healthcare market. For instance, Huawei Technologies Co. Ltd and Siriraj Hospital collaborated to build a 5G-powered smart platform for medical services.
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
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