Edge Computing in Automotive Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)
The Edge Computing in Automotive Market will register a CAGR of 27.5% over the forecast period. The evolution of autonomous vehicles and connected car infrastructure and the requirement for lightweight frameworks and systems to heighten the efficiency of edge computing solutions are anticipated to generate abundant opportunities for edge computing vendors.
Key HighlightsThe edge computing in the automotive market is moderately competitive and consists of several major players. Few major companies today hold a disproportionate amount of the market share, which continues to be significant in all developed nations, particularly in North America and Europe. The market is highly disorganized in developing nations like Japan and China, where regional or local sellers predominate. International players are gradually creating supply networks and entering these unstructured marketplaces through mergers and acquisitions as they become aware of the significant potential opportunities.
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