The global demand for Multi-Access Edge Computing Market is presumed to reach the market size of nearly USD 34.47 MN by 2028 from USD 2.1956 MN in 2021 with a CAGR of 48.2% under the study period 2022 - 2028.
Multi-access edge computing offers cloud computing capabilities with an IT service environment to developers and content providers at the edge of a network. It provides a value chain and ecosystem for distributing high-bandwidth, low-latency applications. It aims to define a set of application programming interfaces (APIs) that enables the creation of virtual network functions and is capable of meeting all requirements of a mobile communication network, including security, portability, and orchestration. It is entirely composed from a software point of view. The technology is expanding across industries such as IT, telecom, automobiles, and data center.
Market Dynamics
The multi-access edge computing sector is expanding globally as cloud service providers and telecom operators launch commercial services that are scaling the market. Advance 5G technology offers less lag, more capacity, and features. The retail sector is also estimated to undergo extensive growth due to the integration of MEC technology in forthcoming years. Together with MEC, it brings computing power closer to customers and facilitates new applications, in turn, flourishing future growth of the MEC global market. The increasing popularity of Over-the-Top (OTT) media services, the Implementation Of 5G, the ubiquity of IoT devices, the need for real-time analysis of data, and the rising demand for personalized content are estimated to drive the market.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of multi-access edge computing. The growth and trends of multi-access edge computing industry provide a holistic approach to this study.
Market Segmentation
This section of the multi-access edge computing market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Solution
- Hardware
- Software
- Services
By End-Use
- IT & Telecom
- Smart Cities, Smart Homes, & Smart Buildings
- Datacenters
- Energy & Utilities
- Automotive
- Others (Healthcare, Agriculture)
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Multi-Access Edge Computing market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Multi-Access Edge Computing Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the multi-access edge computing market include Adlink Technology Inc., Advantech Co. Ltd., FogHorn Systems, HPE, Huawei Technologies Co. Ltd., Juniper Networks Inc., SAGUNA, Vapor IO, and Skyvera. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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