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.
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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.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Multi-Access Edge Computing Market by Solution
- Hardware
- Software
- Services
Global Multi-Access Edge Computing Market by Network Type
- Wireless MEC
- Wired MEC
Global Multi-Access Edge Computing Market by End-User
- IT & Telecom
- Datacenters
- Energy & Utilities
- Automotive
- Manufacturing
- Retail
- Healthcare
- Others (Smart Cities, Smart Homes, & Smart Buildings)
Company Profiles
- ADLINK Technology Inc.
- Adtran, Inc.
- Advantech Co., Ltd.
- AEWIN Technologies Co., Ltd.
- AT&T Inc.
- BT Group
- Cisco Systems, Inc.
- Dell Inc.
- Equinix, Inc.
- ETSI
- Hewlett Packard Enterprise Development LP
- Infosys Ltd.
- Intel Corp.
- Juniper Networks, Inc.
- Mavenir Systems, Inc.
- Nanjing ZTE software Co. Ltd.
- NVIDIA Corp.
- Spirent Communications plc
- Telefonaktiebolaget LM Ericsson
- Verizon Communications Inc.
- Vodafone Group Plc
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.
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