The US Edge Computing market is expected to reach US$ 43.59 billion in 2029 from US$ 24.17 billion in 2024, at a CAGR of 12.5% during the forecast period, according to a new report by MarketsandMarkets.
The report says the Edge Computing market in the US is expanding as organizations seek faster data processing, lower latency, and enhanced security.
Industries such as telecommunications, healthcare, and manufacturing deploy edge solutions to support real-time analytics, IoT applications, and AI workloads. The growing adoption of 5G, cloud-edge integration and autonomous systems drives demand, enabling businesses to process data closer to the source and reduce reliance on centralized data centers.
The report identifies the hardware segment as holding the largest share of the market in 2024, driven by increasing demand for high-performance edge devices, servers and networking equipment.
The rapid expansion of IoT, 5G networks and AI-driven applications has fueled investments in edge infrastructure, enabling businesses to process data closer to the source and reduce latency.
Government initiatives, such as the CHIPS and Science Act, signed in 2022, support domestic semiconductor manufacturing and innovation, fostering the development of edge AI chips that enable real-time processing, reduce latency, and enhance data privacy in the edge computing space, the report says.
Companies across sectors, including retail, energy, and transportation, are identified in the report as investing in edge hardware to reduce reliance on centralized cloud processing, enhance security, and improve operational efficiency.
