Multi-Access Edge Computing Market
Multi-Access Edge Computing Market Size, Share & Trends Analysis Report by Solution (Hardware, Software and Services), by Network Type (Wireless MEC and Wired MEC), and by End- User (IT & Telecom, Data centers, Energy & Utilities, Automotive, Manufacturing, Retail, Healthcare and Others) Forecast Period (2024-2031)
Multi-access edge computing market is anticipated to grow at a considerable CAGR of 11.4% during the forecast period (2024-2031). The growing adoption of ultra-low latency and high bandwidth technology along with 5G data network is the key factor supporting the growth of the market globally. The increasing demand for MEC allows computing, network, and mobile service providers to shift some of the computing and cloud-based processes to the edge of the network environment, achieving better performance, latency, and security resulting drive the growth of the market. The market players are introducing multi-access edge computing solutions that further bolster the market growth.
Market Dynamics
Rollout of 5G Networks Deployment
Multi-access edge computing lowers latency by bringing compute capabilities closer to the end user, 5G speeds can increase up to ten times faster than 4G. Edge computing and 5G are two closely related technologies that have the potential to greatly enhance application performance and allow for the real-time processing of massive volumes of data.
Increasing demand for edge analytics and real-time processing
MEC provides real-time data analytics which allows businesses to drive actionable insight from data. With multi-access edge computing (MEC), traffic and service processing is moved from a centralized cloud to the edge of the network, where it is closer to the user. The data is processed, stored, and analyzed at the network edge rather than being sent to a cloud for processing.
Market Segmentation
Our in-depth analysis of the global multi-access edge computing market includes the following segments by solution, network type, and end-user.
- Based on solution, the market is sub-segmented into hardware, software and services.
- Based on network type, the market is sub-segmented into wireless MEC and wired MEC.
- Based on end users, the market is sub-segmented into IT & telecom, data centers, energy & utilities, automotive, manufacturing, retail, healthcare and others (smart cities, smart homes, & smart buildings).
Services Segment is Projected to Emerge as the Largest Segment
Based on the solution, the global multi-access edge computing market is sub-segmented into hardware, software and services. Among these, the service ssub-segment is expected to hold the largest share of the market. The primary factor supporting the segment's growth includes the growing adoption of multi-access edge services in application developers and content providers cloud-computing capabilities and an IT service environment at the edge of the network.
Wireless Multi-Access Edge Computing (MEC)Sub-segment to Hold a Considerable Market Share
The increasing demand for wireless multi-access edge computing (MEC) enables cloud computing capabilities to the edge of the wireless access networks, closer to the end-users. MEC-enabled 5G wireless networks to real-time, low-latency, and high-bandwidth access to radio network resources. MEC technology provides new insights into coherent integration of Internet of Things (IoT) in 5G wireless systems including Network Function Virtualization (NFV), Software Defined Networking (SDN), Network Slicing and Information-Centric Networking (ICN), that propel and intensify the integration of MEC IoT in 5G networks.
Regional Outlook
The global multi-access edge computing market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America).
An increasing number of Asia-Pacific companies and governments investment
- Countries such as India, China, and Japan establishing and enhancing a mechanism for collecting marketing data and improving overall business operations by using multi-access edge computing.
- The companies in the region adopting technologies to promise even greater security, real-time insights, and expanded capabilities for multi-access edge computing.
Global Multi-Access Edge Computing Market Growth by Region 2024-2031
North America Holds Major Market Share
Among all the regions, North America holds a significant share owing to presence of enormous number of providers offering multi-access edge computing.Several companies are creating collaboration for multi-access edge computing systems for many sectors, including start-ups and major IT organizations.For instance, in February 2023, Kyndryl and Nokia announced a three-year extension and expansion of their global network and edge partnership, with a focus on developing and delivering industry- LTE and 5G private wireless services and Industry 4.0 solutions to customers globally. Additionally increasing government initiatives in 5G network and increases in the installation of the data center, which provides integrated multi-access edge computing, are the factor propelling the market growth in the region.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the global multi-access edge computing market include Amazon Web Services, Inc., ETSI, Huawei Technologies Co., Ltd., Intel Corp., Microsoft Corp.,among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market.
Recent Development
- in January 2024, American Tower and IBM Corp. collaborated to accelerate the deployment of a hybrid, multi-cloud computing platform at the edge. Through this collaboration, American Tower plans to expand its neutral-host, Access edge data center ecosystem to include IBM Hybrid Cloud capabilities and Red Hat OpenShift.
- In August 2022, NTT DATA, Inc. launched aunch of Edge-as-a-Service, a managed edge compute platform that gives enterprises the ability to deploy quickly, manage and monitor applications closer to the edge. VMware’s secure application development, resource management automation, and real-time processing capabilities combined with NTT’s multi-cloud and edge platforms, develop a fully integrated Edge+Private5G managed service.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global multi-access edge computing market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Amazon Web Services, Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Huawei Technologies Co., Ltd.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Microsoft Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Multi-Access Edge Computing Market by Solution
4.1.1. Hardware
4.1.2. Software
4.1.3. Services
4.2. Global Multi-Access Edge Computing Market by Network Type
4.2.1. Wireless MEC
4.2.2. Wired MEC
4.3. Global Multi-Access Edge Computing Market by End-User
4.3.1. IT & Telecom
4.3.2. Datacenters
4.3.3. Energy & Utilities
4.3.4. Automotive
4.3.5. Manufacturing
4.3.6. Retail
4.3.7. Healthcare
4.3.8. Others (Smart Cities, Smart Homes, & Smart Buildings)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. ADLINK Technology Inc.
6.2. Adtran, Inc.
6.3. Advantech Co., Ltd.
6.4. AEWIN Technologies Co., Ltd.
6.5. AT&T Inc.
6.6. BT Group
6.7. Cisco Systems, Inc.
6.8. Dell Inc.
6.9. Equinix, Inc.
6.10. ETSI
6.11. Hewlett Packard Enterprise Development LP
6.12. Infosys Ltd.
6.13. Intel Corp.
6.14. Juniper Networks, Inc.
6.15. Mavenir Systems, Inc.
6.16. Nanjing ZTE software Co. Ltd.
6.17. NVIDIA Corp.
6.18. Spirent Communications plc
6.19. Telefonaktiebolaget LM Ericsson
6.20. Verizon Communications Inc.
6.21. Vodafone Group Plc
1. GLOBAL MULTI-ACCESS EDGE COMPUTING MARKET RESEARCH AND ANALYSIS BY SOLUTION, 2023-2031 ($ MILLION)
2. GLOBAL MULTI-ACCESS EDGE COMPUTING HARDWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL MULTI-ACCESS EDGE COMPUTING SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL MULTI-ACCESS EDGE COMPUTING SERVICESMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
5. GLOBAL MULTI-ACCESS EDGE COMPUTING MARKET RESEARCH AND ANALYSIS BY NETWORK TYPE,2023-2031 ($ MILLION)
6. GLOBAL WIRELESS MULTI-ACCESS EDGE COMPUTING MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
7. GLOBAL WIRED MULTI-ACCESS EDGE COMPUTING MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
8. GLOBAL MULTI-ACCESS EDGE COMPUTING MARKET RESEARCH AND ANALYSIS BY END-USER,2023-2031 ($ MILLION)
9. GLOBAL MULTI-ACCESS EDGE COMPUTING FOR IT & TELECOM MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
10. GLOBAL MULTI-ACCESS EDGE COMPUTING FOR DATA CENTRES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
11. GLOBAL MULTI-ACCESS EDGE COMPUTING FOR ENERGY & UTILITIES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
12. GLOBAL MULTI-ACCESS EDGE COMPUTING FOR AUTOMOTIVEMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
13. GLOBAL MULTI-ACCESS EDGE COMPUTING FOR MANUFACTURINGMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
14. GLOBAL MULTI-ACCESS EDGE COMPUTING FOR RETAIL MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
15. GLOBAL MULTI-ACCESS EDGE COMPUTING FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
16. GLOBAL MULTI-ACCESS EDGE COMPUTING FOR OTHER END-USER MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
17. GLOBAL MULTI-ACCESS EDGE COMPUTING MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
18. NORTH AMERICAN MULTI-ACCESS EDGE COMPUTING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
19. NORTH AMERICAN MULTI-ACCESS EDGE COMPUTING MARKET RESEARCH AND ANALYSIS BY SOLUTION, 2023-2031 ($ MILLION)
20. NORTH AMERICAN MULTI-ACCESS EDGE COMPUTING MARKET RESEARCH AND ANALYSIS BY NETWORK TYPE,2023-2031 ($ MILLION)
21. NORTH AMERICAN MULTI-ACCESS EDGE COMPUTING MARKET RESEARCH AND ANALYSIS BY END-USER,2023-2031 ($ MILLION)
22. EUROPEAN MULTI-ACCESS EDGE COMPUTING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
23. EUROPEAN MULTI-ACCESS EDGE COMPUTING MARKET RESEARCH AND ANALYSIS BY SOLUTION, 2023-2031 ($ MILLION)
24. EUROPEAN MULTI-ACCESS EDGE COMPUTING MARKET RESEARCH AND ANALYSIS BY NETWORK TYPE,2023-2031 ($ MILLION)
25. EUROPEAN MULTI-ACCESS EDGE COMPUTING MARKET RESEARCH AND ANALYSIS BY END-USER,2023-2031 ($ MILLION)
26. ASIA-PACIFIC MULTI-ACCESS EDGE COMPUTING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
27. ASIA-PACIFICMULTI-ACCESS EDGE COMPUTING MARKET RESEARCH AND ANALYSIS BY SOLUTION, 2023-2031 ($ MILLION)
28. ASIA-PACIFICMULTI-ACCESS EDGE COMPUTING MARKET RESEARCH AND ANALYSIS BY NETWORK TYPE, 2023-2031 ($ MILLION)
29. ASIA-PACIFICMULTI-ACCESS EDGE COMPUTING MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
30. REST OF THE WORLD MULTI-ACCESS EDGE COMPUTING MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
31. REST OF THE WORLD MULTI-ACCESS EDGE COMPUTING MARKET RESEARCH AND ANALYSIS BY SOLUTION, 2023-2031 ($ MILLION)
32. REST OF THE WORLD MULTI-ACCESS EDGE COMPUTING MARKET RESEARCH AND ANALYSIS BY NETWORK TYPE, 2023-2031 ($ MILLION)
33. REST OF THE WORLD MULTI-ACCESS EDGE COMPUTING MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
1. GLOBAL MULTI-ACCESS EDGE COMPUTING MARKET SHARE BY SOLUTION, 2023 VS 2031 (%)
2. GLOBAL MULTI-ACCESS EDGE COMPUTING HARDWARE MARKET SHARE BY REGION, 2023 VS 2031 (%)
3. GLOBAL MULTI-ACCESS EDGE COMPUTING SOFTWARE MARKET SHARE BY REGION, 2023 VS 2031 (%)
4. GLOBAL MULTI-ACCESS EDGE COMPUTING SERVICESMARKET SHARE BY REGION, 2023 VS 2031 (%)
5. GLOBAL MULTI-ACCESS EDGE COMPUTING MARKET SHARE BY NETWORK TYPE,2023 VS 2031 (%)
6. GLOBAL WIRELESS MULTI-ACCESS EDGE COMPUTING MARKET SHARE BY REGION, 2023 VS 2031 (%)
7. GLOBALWIRED MULTI-ACCESS EDGE COMPUTING MARKET SHARE BY REGION, 2023 VS 2031 (%)
8. GLOBAL MULTI-ACCESS EDGE COMPUTING MARKET SHAREBY END-USER,2023 VS 2031 (%)
9. GLOBAL MULTI-ACCESS EDGE COMPUTING FOR IT & TELECOM MARKET SHARE BY REGION, 2023 VS 2031 (%)
10. GLOBAL MULTI-ACCESS EDGE COMPUTING FOR DATA CENTRES MARKET SHARE BY REGION, 2023 VS 2031 (%)
11. GLOBAL MULTI-ACCESS EDGE COMPUTING FOR ENERGY & UTILITIES MARKET SHARE BY REGION, 2023 VS 2031 (%)
12. GLOBAL MULTI-ACCESS EDGE COMPUTING FOR AUTOMOTIVE MARKET SHARE BY REGION, 2023 VS 2031 (%)
13. GLOBAL MULTI-ACCESS EDGE COMPUTING FOR MANUFACTURING MARKET SHARE BY REGION, 2023 VS 2031 (%)
14. GLOBAL MULTI-ACCESS EDGE COMPUTING FOR RETAILMARKET SHARE BY REGION, 2023 VS 2031 (%)
15. GLOBAL MULTI-ACCESS EDGE COMPUTING FOR HEALTHCAREMARKET SHARE BY REGION, 2023 VS 2031 (%)
16. GLOBAL MULTI-ACCESS EDGE COMPUTING FOR OTHER END-USERMARKET SHARE BY REGION, 2023 VS 2031 (%)
17. GLOBAL MULTI-ACCESS EDGE COMPUTING MARKET SHARE BY REGION, 2023 VS 2031 (%)
18. US MULTI-ACCESS EDGE COMPUTING MARKET SIZE, 2023-2031 ($ MILLION)
19. CANADA MULTI-ACCESS EDGE COMPUTING MARKET SIZE, 2023-2031 ($ MILLION)
20. UK MULTI-ACCESS EDGE COMPUTING MARKET SIZE, 2023-2031 ($ MILLION)
21. FRANCE MULTI-ACCESS EDGE COMPUTING MARKET SIZE, 2023-2031 ($ MILLION)
22. GERMANY MULTI-ACCESS EDGE COMPUTING MARKET SIZE, 2023-2031 ($ MILLION)
23. ITALY MULTI-ACCESS EDGE COMPUTING MARKET SIZE, 2023-2031 ($ MILLION)
24. SPAIN MULTI-ACCESS EDGE COMPUTING MARKET SIZE, 2023-2031 ($ MILLION)
25. REST OF EUROPE MULTI-ACCESS EDGE COMPUTING MARKET SIZE, 2023-2031 ($ MILLION)
26. INDIA MULTI-ACCESS EDGE COMPUTING MARKET SIZE, 2023-2031 ($ MILLION)
27. CHINA MULTI-ACCESS EDGE COMPUTING MARKET SIZE, 2023-2031 ($ MILLION)
28. JAPAN MULTI-ACCESS EDGE COMPUTING MARKET SIZE, 2023-2031 ($ MILLION)
29. SOUTH KOREA MULTI-ACCESS EDGE COMPUTING MARKET SIZE, 2023-2031 ($ MILLION)
30. REST OF ASIA-PACIFIC MULTI-ACCESS EDGE COMPUTING MARKET SIZE, 2023-2031 ($ MILLION)
31. LATIN AMERICA MULTI-ACCESS EDGE COMPUTING MARKET SIZE, 2023-2031 ($ MILLION)
32. MIDDLE EAST AND AFRICA MULTI-ACCESS EDGE COMPUTING MARKET SIZE, 2023-2031 ($ MILLION)
