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South & Central America Edge Computing Market Forecast to 2028
South & Central America Edge Computing Market Forecast to 2028 – Regional Analysis – by Component (Hardware, Software, and Services), Application [Smart Cities, Industrial Internet of Things (IIoT), Remote Monitoring, Content Delivery, Augmented Reality and Virtual Reality, and Others], Enterprise Size (SMEs and Large Enterprises), and Verticals (Manufacturing, Energy and Utilities, Government, IT and Telecom, Retail and Consumer Goods, Transportation and Logistics, Healthcare, and Others)
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Description
Introduction of Autonomous Vehicles and Connected Car Infrastructure Fuels South & Central America Edge Computing Market
The introduction of autonomous cars is on the verge of undergoing extensive research because the autonomous system ensures passenger safety and security. Autonomous vehicles can connect to the edge to improve safety, enhance efficiency, reduce accidents, and decrease traffic congestion. These autonomous cars are equipped with a variety of sensors, and the large amount of data created by these sensors needs to be processed quickly. Machine learning (ML) algorithms used in self-driving cars extract insights from raw data to determine road conditions and make decisions based on them. The growing integration of V2X (Vehicle-To-Everything) technology in the autonomous vehicles would offer potential opportunities for the market growth in the coming years. The automotive vehicles having an interactive advanced driver-assistance system (ADASs) and cooperative intelligent transport systems (C-ITS) are associated as connected cars. The connected-vehicle safety applications are designed to increase situation awareness and mitigate traffic accidents through vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communications. The V2X technology accelerates the huge computing demand on autonomous driving edge computing systems. The technology focuses mainly on vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) goals. The significant increase in deployment of edge computing facilities in road infrastructure, many autonomous driving applications have started leveraging V2X communications to make the in-vehicle edge computing system efficient which is driving the market growth. A few benefits of edge computing in the autonomous vehicles include optimized data, faster 5G response times, infrastructure security, and localized data caching. Thus, edge computing is most widely adopted in these vehicles, which is expected to provide potential opportunity for the market growth during the forecast period.
South & Central America Edge Computing Market Overview
In the last 15 years, economies in South America have progressed at a faster rate on average than the economies of many developed countries. However, they still lag in terms of technological advancements. Coupled with growing urbanization—the increasing deployment of advanced technologies in industries, rising need for remote monitoring, and popularity of real-time streaming solutions are the prominent factors propelling the demand for IoT solutions in SAM. According to the IoT Snapshot 2022 study, 47% of companies in SAM countries have already started implementing IoT, and pilot projects or initiatives in production have grown by 15% from 2020. These factors underline the need for edge data centers and cloud at the edge. Moreover, the adoption of Big Data and IoT will continue to attract investments in modular data centers from colocation, cloud, Internet, and telecommunication providers. For instance, in February 2022, AWS announced a list of 26 countries, including Colombia, Argentina, Peru, Mexico, Brazil, and Chile, in which it was planning to launch Local Zones for its Edge locations. As per the data published by Ericsson, GSMA Intelligence, the growth in smartphone penetration and mobile Internet usage would trigger data traffic by more than sixfold by 2024 in Argentina, which is expected to drive the demand for edge computing in the coming years. As per a 2022 report by Statista, 60.6% of the web traffic in Brazil is generated via mobile devices, while the web traffic via desktops has lowered to 38.65%. Such a rise in network traffic is fueling the demand for edge computing in SAM.
South & Central America Edge Computing Market Revenue and Forecast to 2028 (US$ Million)
South & Central America Edge Computing Market Segmentation
The South & Central America edge computing market is segmented into component, applications, enterprise size, verticals, and country.
Based on component, the South & Central America edge computing market is segmented into hardware, software, and services. The hardware segment registered the largest South & Central America edge computing market share in 2022.
Based on organization Size, the South & Central America edge computing market is segmented into SMEs and large enterprises. The large enterprises segment held a larger South & Central America edge computing market share in 2022.
Based on application, the South & Central America edge computing market is segmented into smart cities, industrial internet of things (IIOT), remote monitoring, content delivery, augmented reality and virtual reality, and others. The smart cities segment held the largest South & Central America edge computing market share in 2022.
Based on Verticals, the South & Central America edge computing market is segmented into manufacturing, energy and utilities, government, IT and telecom, retail and consumer goods, transportation and logistics, healthcare, and others. The IT and telecom segment held the largest South & Central America edge computing market share in 2022.
Based on country, the South & Central America edge computing market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America edge computing market in 2022.
ADLINK Technology Inc; Amazon Web Services; Dell Technologies; EdgeConnex Inc; Hewlett Packard Enterprise Development LP (HPE); IBM Corporation; and Microsoft Corporation are some of the leading companies operating in the South & Central America edge computing market.
Summary Info
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According to the research team’ research, the South & Central America edge computing market was valued at US$ 1,093.69 million in 2022 and is expected to reach US$ 3,170.66 million by 2028, registering a CAGR of 19.4% from 2022 to 2028. Increase in adoption of IOT across industries and extremely low latency and high availability of bandwidth are the critical factors attributed to the South & Central America edge computing market expansion.
Edge computing is a crucial part of the 5G platform. The 5G connectivity is enabling an era of user-centric network by bringing in the concept of network slicing and composable networking. The network service providers are ideally positioned to deliver intelligent traffic routing from the mobile network to the optimal location which is escalating the need for faster network capability enhancing the market outlook. However, the evolution of distributed cloud computing enables the providers to move beyond traditional connectivity-service models and open new doors to adjacent industries. The Communication Service Providers (CSP) are looking for new revenue sources to grow their businesses. Thus, with the introduction of 5G and edge computing, the CSPs are now in a better position to provide new offerings. The 5G can enhance edge computing applications by reducing latency, improvising application response times, and enhancing the ability of enterprises to collect and process data. It also helps the enterprises collect and process massive volumes of real-time data to optimize various operational systems and improve productivity and customer experiences. 5G network infrastructure can support and enable the increasing complexity and specialization of edge computing to deliver instant communication experience. Thus, the introduction of 5G with an edge messaging system brings the connectivity at a higher speed and delivers near-instant communication experiences. Therefore, the rising trend of the adoption of 5G network across the world is expected to augment the demand for edge computing during the forecast period.
On the contrary, rising risks and concerns related to data privacy hurdles the growth of South & Central America edge computing market.
Based on component, the South & Central America edge computing market is segmented into hardware, software, and services. The Hardware segment held 49.2% share South & Central America edge computing market in 2022, amassing US$ 537.74 million. It is projected to garner US$ 1,399.34 million by 2028 to expand at 17.3% CAGR during 2022-2028.
Based on organization Size, the South & Central America edge computing market is segmented into SMEs and large enterprises. The large enterprises segment held 63.6% share of South & Central America edge computing market in 2022, amassing US$ 695.91 million. It is projected to garner US$ 1,941.02 million by 2028 to expand at 18.6% CAGR during 2022-2028.
Based on application, the South & Central America edge computing market is segmented into smart cities, industrial internet of things (IIOT), remote monitoring, content delivery, augmented reality and virtual reality, and others. The smart cities segment held 29.2% share of South & Central America edge computing market in 2022, amassing US$ 319.02 million. It is projected to garner US$ 989.17 million by 2028 to expand at 20.8% CAGR during 2022-2028.
Based on verticals, the South & Central America edge computing market is segmented into manufacturing, energy and utilities, government, IT and telecom, retail and consumer goods, transportation and logistics, healthcare, and others. The IT and telecom segment held 22.8% share of South & Central America edge computing market in 2022, amassing US$ 249.45 million. It is projected to garner US$ 671.02 million by 2028 to expand at 17.9% CAGR during 2022-2028.
Based on country, the South & Central America edge computing market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 70.7% share of South & Central America edge computing market in 2022. It was assessed at US$ 773.20 million in 2022 and is likely to hit US$ 2,311.09 million by 2028, exhibiting a CAGR of 20.0% during 2022-2028.
Key players operating in the South & Central America edge computing market are ADLINK Technology Inc; Amazon Web Services; Dell Technologies; EdgeConnex Inc; Hewlett Packard Enterprise Development LP (HPE); IBM Corporation; and Microsoft Corporation; among others.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America edge computing market.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in South & Central America edge computing market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the edge computing market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Research Team Report Guidance
1.3 Market Segmentation
1.3.1 Edge Computing Market – By Component
1.3.2 Edge Computing Market – By Enterprise Size
1.3.3 Edge Computing Market – By Application
1.3.4 Edge Computing Market – By Verticals
1.3.5 Edge Computing Market- By Region
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Edge Computing Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 SAM
4.3 Ecosystem Analysis
4.4 South & Central America Expert Opinion
5. South & Central America Edge Computing Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Adoption of IoT across Industries
5.1.2 Extremely Low Latency and High Availability of Bandwidth
5.2 Market Restraints
5.2.1 Rising Risks and Concerns Related to Data Privacy
5.2.2 Challenges Associated with Remote Management
5.3 Market Opportunities
5.3.1 Introduction of Autonomous Vehicles and Connected Car Infrastructure
5.4 Market Trends
5.4.1 Emergence of 5G Network to Deliver Instant Communication Experiences
5.5 Impact Analysis of Drivers and Restraints
6. Edge Computing Market – South & Central America Analysis
6.1 South & Central America Edge Computing Market Overview
6.1.1 South & Central America Edge Computing Market – Revenue and Forecast to 2028 (US$ Billion)
7. South & Central America Edge Computing Market Analysis – By Component
7.1 Overview
7.2 South & Central America Edge Computing Market, By Component (2021 And 2028)
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware: South & Central America Edge Computing Market Revenue and Forecast To 2028 (US$ Billion)
7.4 Software
7.4.1 Overview
7.4.2 Software: South & Central America Edge Computing Market Revenue and Forecast To 2028 (US$ Billion)
7.5 Services
7.5.1 Overview
7.5.2 Services: South & Central America Edge Computing Market Revenue and Forecast To 2028 (US$ Billion)
8. South & Central America Edge Computing Market Analysis – By Application
8.1 Overview
8.2 South & Central America Edge Computing Market, By Application (2021 And 2028)
8.3 Smart Cities
8.3.1 Overview
8.3.2 Smart Cities: South & Central America Edge Computing Market Revenue and Forecast To 2028 (US$ Billion)
8.4 Industrial Internet of Things (IIoT)
8.4.1 Overview
8.4.2 Industrial Internet of Things (IIoT): South & Central America Edge Computing Market Revenue and Forecast To 2028 (US$ Billion)
8.5 Remote Monitoring
8.5.1 Overview
8.5.2 Remote Monitoring: South & Central America Edge Computing Market Revenue and Forecast To 2028 (US$ Billion)
8.6 Content Delivery
8.6.1 Overview
8.6.2 Content Delivery: South & Central America Edge Computing Market Revenue and Forecast To 2028 (US$ Billion)
8.7 Augmented Reality and Virtual Reality
8.7.1 Overview
8.7.2 Augmented Reality and Virtual Reality: South & Central America Edge Computing Market Revenue and Forecast To 2028 (US$ Billion)
8.8 Others
8.8.1 Overview
8.8.2 Others: South & Central America Edge Computing Market Revenue and Forecast To 2028 (US$ Billion)
9. South & Central America Edge Computing Market Analysis – By Enterprise Size
9.1 Overview
9.2 South & Central America Edge Computing Market, By Enterprise Size (2021 and 2028)
9.3 Small and Medium Enterprises
9.3.1 Overview
9.3.2 Small and Medium Enterprises: South & Central America Edge Computing Market Revenue and Forecast To 2028 (US$ Billion)
9.4 Large Enterprises
9.4.1 Overview
9.4.2 Large Enterprises: South & Central America Edge Computing Market Revenue and Forecast To 2028 (US$ Billion)
10. South & Central America Edge Computing Market Analysis – By Industry
10.1 Overview
10.2 South & Central America Edge Computing Market, By Industry (2021 And 2028)
10.3 Manufacturing
10.3.1 Overview
10.3.2 Manufacturing: South & Central America Edge Computing Market Revenue and Forecast To 2028 (US$ Billion)
10.4 Energy & Utility
10.4.1 Overview
10.4.2 Energy & Utility: South & Central America Edge Computing Market Revenue and Forecast To 2028 (US$ Billion)
10.5 Government
10.5.1 Overview
10.5.2 Government: South & Central America Edge Computing Market Revenue and Forecast To 2028 (US$ Billion)
10.6 IT and Telecom
10.6.1 Overview
10.6.2 IT and Telecom: South & Central America Edge Computing Market Revenue and Forecast To 2028 (US$ Billion)
10.7 Healthcare
10.7.1 Overview
10.7.2 Healthcare: South & Central America Edge Computing Market Revenue and Forecast To 2028 (US$ Billion)
10.8 Retail and Consumer Goods
10.8.1 Overview
10.8.2 Retail and Consumer Goods: South & Central America Edge Computing Market Revenue and Forecast To 2028 (US$ Billion)
10.9 Transportation and Logistics
10.9.1 Overview
10.9.2 Transportation and Logistics: South & Central America Edge Computing Market Revenue and Forecast To 2028 (US$ Billion)
10.10 Others
10.10.1 Overview
10.10.2 Others: South & Central America Edge Computing Market Revenue and Forecast To 2028 (US$ Billion)
11. South & Central America Edge Computing Market -Country Analysis
11.1 SAM: Edge Computing Market overview
11.1.1 Overview
11.1.2 SAM Edge Computing Market Breakdown, by Country
11.1.2.1 Brazil Edge Computing Market, Revenue and Forecast to 2028
11.1.2.1.1 Brazil Edge Computing Market Breakdown, by Component
11.1.2.1.2 Brazil Edge Computing Market Breakdown, by Application
11.1.2.1.3 Brazil Edge Computing Market Breakdown, by Enterprise Size
11.1.2.1.4 Brazil Edge Computing Market Breakdown, by Industry
11.1.2.2 Argentina Edge Computing Market, Revenue and Forecast to 2028
11.1.2.2.1 Argentina Edge Computing Market Breakdown, by Component
11.1.2.2.2 Argentina Edge Computing Market Breakdown, by Application
11.1.2.2.3 Argentina Edge Computing Market Breakdown, by Enterprise Size
11.1.2.2.4 Argentina Edge Computing Market Breakdown, by Industry
11.1.2.3 Rest of SAM Edge Computing Market, Revenue and Forecast to 2028
11.1.2.3.1 Rest of SAM Edge Computing Market Breakdown, by Component
11.1.2.3.2 Rest of SAM Edge Computing Market Breakdown, by Application
11.1.2.3.3 Rest of SAM Edge Computing Market Breakdown, by Enterprise Size
11.1.2.3.4 Rest of SAM Edge Computing Market Breakdown, by Industry
12. South & Central America Edge Computing Market-Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
12.4 New Product Launch
13. Company Profiles
13.1 ADLINK Technology Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Amazon Web Services
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Dell Technologies
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 EdgeConnex Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 IBM Corporation
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Microsoft Corporation
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Hewlett Packard Enterprise Development LP (HPE)
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. Appendix
14.1 About Research Team
14.2 Word Index
LIST OF TABLES
Table 1. South & Central America Edge Computing Market – Revenue and Forecast to 2028 (US$ Billion)
Table 2. SAM Edge Computing Market, Revenue and Forecast To 2028 – By Country (US$ Billion)
Table 3. Brazil Edge Computing Market, Revenue and Forecast to 2028 – by Component (US$ Billion)
Table 4. Brazil Edge Computing Market, Revenue and Forecast to 2028 – by Application (US$ Billion)
Table 5. Brazil Edge Computing Market, Revenue and Forecast to 2028 – by Enterprise Size (US$ Billion)
Table 6. Brazil Edge Computing Market, Revenue and Forecast to 2028 – by Industry (US$ Billion)
Table 7. Argentina Edge Computing Market, Revenue and Forecast to 2028 – by Component (US$ Billion)
Table 8. Argentina Edge Computing Market, Revenue and Forecast to 2028 – by Application (US$ Billion)
Table 9. Argentina Edge Computing Market, Revenue and Forecast to 2028 – by Enterprise Size (US$ Billion)
Table 10. Argentina Edge Computing Market, Revenue and Forecast to 2028 – by Industry (US$ Billion)
Table 11. Rest of SAM Edge Computing Market, Revenue and Forecast to 2028 – by Component (US$ Billion)
Table 12. Rest of SAM Edge Computing Market, Revenue and Forecast to 2028 – by Application (US$ Billion)
Table 13. Rest of SAM Edge Computing Market, Revenue and Forecast to 2028 – by Enterprise Size (US$ Billion)
Table 14. Rest of SAM Edge Computing Market, Revenue and Forecast to 2028 – by Industry (US$ Billion)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. South & Central America Edge Computing Market Segmentation
Figure 2. South & Central America Edge Computing Market Segmentation – By Country
Figure 3. South & Central America Edge Computing Market Overview
Figure 4. Hardware Segment held the Largest Share of South & Central America Edge Computing Market
Figure 5. Large Enterprise Segment held the Largest Share of South & Central America Edge Computing Market
Figure 6. Smart Cities Segment held the Largest Share of South & Central America Edge Computing Market
Figure 7. IT and Telecom Segment held the Largest Share of South & Central America Edge Computing Market
Figure 8. Brazil to Show Great Traction During Forecast Period
Figure 9. SAM: PEST Analysis
Figure 10. South & Central America Expert Opinion
Figure 11. South & Central America Edge Computing Market: Impact Analysis of Drivers and Restraints
Figure 12. South & Central America Edge Computing Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 13. South & Central America Edge Computing Market, By Component (2021 and 2028)
Figure 14. Hardware: South & Central America Edge Computing Market Revenue and Forecast to 2028 (US$ Billion)
Figure 15. Software: South & Central America Edge Computing Market Revenue and Forecast to 2028 (US$ Billion)
Figure 16. Services: South & Central America Edge Computing Market Revenue and Forecast to 2028 (US$ Billion)
Figure 17. South & Central America Edge Computing Market, By Application (2021 and 2028)
Figure 18. Smart Cities: South & Central America Edge Computing Market Revenue and Forecast to 2028 (US$ Billion)
Figure 19. Industrial Internet of Things (IIoT): South & Central America Edge Computing Market Revenue and Forecast to 2028 (US$ Billion)
Figure 20. Remote Monitoring: South & Central America Edge Computing Market Revenue and Forecast to 2028 (US$ Billion)
Figure 21. Content Delivery: South & Central America Edge Computing Market Revenue and Forecast to 2028 (US$ Billion)
Figure 22. Augmented Reality and Virtual Reality: South & Central America Edge Computing Market Revenue and Forecast to 2028 (US$ Billion)
Figure 23. Others: South & Central America Edge Computing Market Revenue and Forecast to 2028 (US$ Billion)
Figure 24. South & Central America Edge Computing Market, By Enterprise Size (2021 and 2028)
Figure 25. Small and Medium Enterprises: South & Central America Edge Computing Market Revenue and Forecast to 2028 (US$ Billion)
Figure 26. Large Enterprises: South & Central America Edge Computing Market Revenue and Forecast to 2028 (US$ Billion)
Figure 27. South & Central America Edge Computing Market, By Industry (2021 and 2028)
Figure 28. Manufacturing: South & Central America Edge Computing Market Revenue and Forecast to 2028 (US$ Billion)
Figure 29. Energy & Utility : South & Central America Edge Computing Market Revenue and Forecast to 2028 (US$ Billion)
Figure 30. Government: South & Central America Edge Computing Market Revenue and Forecast to 2028 (US$ Billion)
Figure 31. IT and Telecom: South & Central America Edge Computing Market Revenue and Forecast to 2028 (US$ Billion)
Figure 32. Healthcare: South & Central America Edge Computing Market Revenue and Forecast to 2028 (US$ Billion)
Figure 33. Retail and Consumer Goods: South & Central America Edge Computing Market Revenue and Forecast to 2028 (US$ Billion)
Figure 34. Transportation and Logistics: South & Central America Edge Computing Market Revenue and Forecast to 2028 (US$ Billion)
Figure 35. Others: South & Central America Edge Computing Market Revenue and Forecast to 2028 (US$ Billion)
Figure 36. South & Central America Edge Computing Market Revenue, by Country, 2022 & 2028 (US$ Billion)
Figure 37. SAM Edge Computing Market Breakdown, by Country, 2021 & 2028 (%)
Figure 38. Brazil Edge Computing Market, Revenue and Forecast to 2028 (US$ Billion)
Figure 39. Argentina Edge Computing Market, Revenue and Forecast to 2028 (US$ Billion)
Figure 40. Rest of SAM Edge Computing Market, Revenue and Forecast to 2028 (US$ Billion)
The List of Companies – South & Central America Edge Computing Market
o ADLINK Technology Inc
o Amazon Web Services
o Dell Technologies
o EdgeConnex Inc.
o Hewlett Packard Enterprise Development LP (HPE)
o IBM Corporation
o Microsoft Corporation
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