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 2021 – 2028
The global multi-access edge computing market was valued at USD 1.1 million in 2020 and is projected to reach USD 15.2 million by 2028, expanding at a CAGR of 38.3 % during the forecast period, 2021 – 2028. 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.
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 the 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.
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Attributes |
Details |
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Report Title |
Global Multi-access Edge Computing Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Solutions (Hardware, Software, and Services), End-users (Datacenters, IT & Telecom, Automotive, Energy & Utilities, Smart Cities, Smart Homes & Smart Buildings, and Others), and Regions |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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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 |
Market Segment Insights:
The software segment held a major share of more than 50% of the total revenue in 2019
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.
The IT & telecom segment is expected to expand at a rapid pace during the forecast period
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.
The market in North America held a major share of around 45% of the total revenue in 2019
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.
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
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.
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 (000’ 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
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 (000’ 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
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 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.
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