Multi Access Edge Computing Market Size, Share & Trends 2031

Segments - Multi-access Edge Computing Market by Solutions (Hardware, Software, and Services), End-users (Datacenters, IT & Telecom, Automotive, Energy & Utilities, Smart Cities, Smart Homes & Smart Buildings, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

Multi-access Edge Computing Market Outlook 2031

The global multi-access edge computing market size was valued at USD 2.10 Million in 2022 and is projected to reach USD 38.87 Million by 2031, expanding at a CAGR of 38.3 % during the forecast period, 2023 – 2031. The growth of the market is attributed to increasing trend among organizations to incorporate cloud-based computing at the edge of mobile networks.

Multi-access edge computing (MEC) moves the functioning of services and traffic from the centralized cloud to the network edge and customers. The network edge processes, analyzes, and stores the data instead of sending the whole data to the cloud.

Global Multi Access Edge Computing Market Outlook

Multi-access Edge Computing Market Trends, Drivers, Restraints, and Opportunities

Increasing tendency among communication service providers to opt for virtualized, software authorized network model, with a cloud-based solution is expected to drive the market.
Mobile networks with 5G services offer numerous B2B services through edge computing. This factor boosts the market.
The ability to reduce huge volumes of data into simple telemetry data at the edge of network allows new business models to improve and hence permits service providers to increase the level of competition in the market.
Rising demand for improved virtual reality and augmented reality (VR/AR) experience, by prolonging bandwidth and enhancing 5G capabilities, is fueling the multi-access edge computing market.
Merging multi-access edge computing with AR or VR has led to development in broadcasting of entertainment and sports, thus improving the viewing experience.

Scope of Multi-access Edge Computing Market Report

The report on the multi-access edge computing market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Multi-access Edge Computing Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Solutions (Hardware, Software, and Services), End-users (Datacenters, IT & Telecom, Automotive, Energy & Utilities, Smart Cities, Smart Homes & Smart Buildings, and Others), and Regions
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Microsoft Corporation, ADLINK Technology Inc., Advantech Co, Ltd., Hewlett Packard Enterprise Development LP, Saguna Networks Ltd, and FogHorn Systems

Multi-access Edge Computing Market Segment Insights

Solutions Segment Analysis

Based on solutions, the global multi-access edge computing market is segregated as hardware, software, and services. The software segment is expected to expand at a robust CAGR during the forecast period. Presence of numerous IoT devices in MEC-based system fulfills the need to have software that works according to multi-access edge computing.

Moreover, companies such as Verizon have started providing software developer kits to consumers, which allows them to develop programs according to company requirements. The hardware segment held more than 30% share of the total revenue in 2019. Increasing requirement of real-time decision making and connected devices is encouraging the adoption of enhanced data servers.

Companies have started providing advanced telecommunications computing architecture (TCA) hardware for individuals and enterprises. These hardware platforms are compact, cost-efficient, and customizable according to consumers requirements. Moreover, they are accessible, reliable, and can easily be serviced.

Global Multi Access Edge Computing Market Solutions

End-user Segment Analysis

On the basis of end-users, the global multi-access edge computing market is fragmented as datacenters, IT & telecom, automotive, energy & utilities, smart cities, smart homes & smart buildings, and others. The IT & telecom segment held a major share of the total revenue in 2019. IT software and hardware companies are developing low-power products for IoT systems and networks, which are anticipated to propel the sales in the IT & telecom segment.

For example, AT & T Inc. has started offering MEC-based products, solutions, and services to consumers according to their requirements. The datacenters segment is estimated to expand at a substantial CAGR during the forecast period.

Growth of the segment is attributed to high flexibility provided in data center deployment by MEC architecture. Increasing number of data centers with different small and medium devices such as wearables, mobile phones, and IoT devices are projected to boost the MEC market.

Multi-access Edge Computing Market End-Users

Regional Outlook

In terms of regions, the global multi-access edge computing market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Growth of the market in North America is attributed to acceleration of 5G deployment, which is projected to increase the demand for multi-access edge computing during the forecast period.

Increasing number of datacenter connections have allowed solution providers to combine multi-access edge computing and 5G, which is driving the regional market. Growing datacenter deployments have increased partnerships and collaborations between companies to improve edge computing abilities in their products.

The market in Asia Pacific is expected to expand at a substantial CAGR during the forecast period. Companies in the region are providing integrated functions of edge computing and cloud computing to extend multi-access edge computing for commercial services.

Multi-access Edge Computing Market Region

Segments

The global multi-access edge computing market has been segmented on the basis of

Solutions

Hardware
Software
Services

End-users

Datacenters
IT & Telecom
Automotive
Energy & Utilities
Smart Cities, Smart Homes & Smart Buildings
Others

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Microsoft Corporation
ADLINK Technology Inc.
Advantech Co, Ltd.
Hewlett Packard Enterprise Development LP
Saguna Networks Ltd
FogHorn Systems

Competitive Landscape

Key players in the global multi-access edge computing market include Microsoft Corporation, ADLINK Technology Inc., Advantech Co, Ltd., Hewlett Packard Enterprise Development LP, Saguna Networks Ltd, and FogHorn Systems. Companies worldwide are collaborating with each other to improve their services.

New entrants and startups are concentrating on establishing themselves as key players by launching advanced solutions and technologies. For example, Vapor IO and Saguna Networks, Ltd. are engaged in R&D activities in the field of edge cloud computing.

Global Multi Access Edge Computing Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Multi-access Edge Computing Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Multi-access Edge Computing Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Multi-access Edge Computing Market - Supply Chain
  4.5. Global Multi-access Edge Computing Market Forecast
     4.5.1. Multi-access Edge Computing Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Multi-access Edge Computing Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Multi-access Edge Computing Market Absolute $ Opportunity
5. Global Multi-access Edge Computing Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Multi-access Edge Computing Market Size and Volume Forecast by End Users
     5.3.1. Datacenters
     5.3.2. IT & Telecom
     5.3.3. Automotive
     5.3.4. Energy & Utilities
     5.3.5. Smart Cities, Smart Homes & Smart Buildings
     5.3.6. Others
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Multi-access Edge Computing Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Multi-access Edge Computing Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Multi-access Edge Computing Demand Share Forecast, 2019-2026
7. North America Multi-access Edge Computing Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Multi-access Edge Computing Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Multi-access Edge Computing Market Size and Volume Forecast by End Users
     7.4.1. Datacenters
     7.4.2. IT & Telecom
     7.4.3. Automotive
     7.4.4. Energy & Utilities
     7.4.5. Smart Cities, Smart Homes & Smart Buildings
     7.4.6. Others
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Multi-access Edge Computing Demand Share Forecast, 2019-2026
8. Latin America Multi-access Edge Computing Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Multi-access Edge Computing Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Multi-access Edge Computing Market Size and Volume Forecast by End Users
     8.4.1. Datacenters
     8.4.2. IT & Telecom
     8.4.3. Automotive
     8.4.4. Energy & Utilities
     8.4.5. Smart Cities, Smart Homes & Smart Buildings
     8.4.6. Others
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Multi-access Edge Computing Demand Share Forecast, 2019-2026
9. Europe Multi-access Edge Computing Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Multi-access Edge Computing Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Multi-access Edge Computing Market Size and Volume Forecast by End Users
     9.4.1. Datacenters
     9.4.2. IT & Telecom
     9.4.3. Automotive
     9.4.4. Energy & Utilities
     9.4.5. Smart Cities, Smart Homes & Smart Buildings
     9.4.6. Others
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Multi-access Edge Computing Demand Share Forecast, 2019-2026
10. Asia Pacific Multi-access Edge Computing Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Multi-access Edge Computing Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Multi-access Edge Computing Market Size and Volume Forecast by End Users
     10.4.1. Datacenters
     10.4.2. IT & Telecom
     10.4.3. Automotive
     10.4.4. Energy & Utilities
     10.4.5. Smart Cities, Smart Homes & Smart Buildings
     10.4.6. Others
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Multi-access Edge Computing Demand Share Forecast, 2019-2026
11. Middle East & Africa Multi-access Edge Computing Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Multi-access Edge Computing Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Multi-access Edge Computing Market Size and Volume Forecast by End Users
     11.4.1. Datacenters
     11.4.2. IT & Telecom
     11.4.3. Automotive
     11.4.4. Energy & Utilities
     11.4.5. Smart Cities, Smart Homes & Smart Buildings
     11.4.6. Others
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Multi-access Edge Computing Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Multi-access Edge Computing Market: Market Share Analysis
  12.2. Multi-access Edge Computing Distributors and Customers
  12.3. Multi-access Edge Computing Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Microsoft Corporation
     12.4.2. ADLINK Technology Inc.
     12.4.3. Advantech Co, Ltd.
     12.4.4. Hewlett Packard Enterprise Development LP
     12.4.5. Saguna Networks Ltd.
     12.4.6. FogHorn Systems