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Multi-access Edge Computing Market Size Report, 2030

Multi-access Edge Computing Market Size, Share & Trends Report

Multi-access Edge Computing Market Size, Share & Trends Analysis Report By Solution, By End-use, By Enterprise Size, By Network Type, By Region, And Segment Forecasts, 2024 - 2030

Report ID: GVR-4-68038-437-6
Number of Report Pages: 125
Format: PDF

Historical Range: 2018 - 2023
Forecast Period: 2023 - 2030
Industry: Technology

Multi-access Edge Computing Market Trends

The global multi-access edge computing market size was valued at USD 3.39 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 49.1% from 2023 to 2030. The market is expected to gain massive momentum in the coming years owing to the growing demand for the digital transformation of industries, with digitization being the foundation, network-based connectivity being the support, and industrial intelligence. MEC refers to a distributed computing architecture that brings computation and storage capabilities closer to the end-users and devices, such as smartphones, IoT devices, and autonomous vehicles. MEC addresses the increasing demand for low-latency, high-bandwidth, and high-reliability applications, such as augmented reality, virtual reality, gaming, and industrial automation.

U.S. Multi-access Edge Computing Market size and growth rate, 2024 - 2030

Continued adoption of the latest technologies such as the Internet of Things (IoT) and big data across various sectors, including education, healthcare, manufacturing, and the government has generated large volumes of data. As a result, computing is getting more complex, as the volumes of data being handled are increasing. The increasing penetration of cloud services and IoT is expected to impact the industry’s growth over the forecast period positively. Additionally, the key driving factors boosting the growth of software and devices include the growing need for real-time interaction with incoming data and the limitations of bandwidth availability.

MEC envisages leveraging local computing power using devices such as routers, smartphones, and PCs. It offers several benefits and helps in processing the data at faster rates with reduced latency, thereby optimizing costs and providing real-time information. MEC is scalable as it can potentially utilize its computing capabilities to meet contextual computing requirements. This capability has thus provided an impetus to the adoption of edge computing solutions among enterprises.

The MEC deployment in numerous application segments is predicted to go together with heavy network traffic applications, which in many cases culminates in 5G. An important point to be considered in understanding the potential growth for MEC is the number of MEC appliances needed for each application and the functionalities expected from the edge infrastructure. For example, the edge infrastructure for automotive applications (V2X) will need higher computing power as compared to the MEC appliance in retail applications. However, the sheer number of MEC appliances in retail would outnumber those in V2X. The cost, criticality of information, and speed are some of the key parameters that will define the adoption of MEC in the coming years.

The emergence of different technologies and applications is expected to change traditional systems to improve efficiency and latency. For instance, the constant technological upgrades in electric vehicles are expected to overtake traditional combustion engine vehicles and conventional vehicles. Key players, including Tesla, Volkswagen, BMW, Engie, Siemens, and ABB, among others, are actively participating in the development of the global Electric Vehicle (EV) market, recognizing the necessity to serve future EV customers as well as the enormous growth potential.

These businesses provide solutions that emphasize accessibility, efficiency, and enhanced end-user experiences. MEC helps to intelligently limit the amount of data that is sent out, lowering data transmission costs and reducing the quantity of sensitive data that leaves the vehicle. MEC will play a critical role in providing real-time, precise energy load control, which is critical for grid stability, especially in emergency scenarios.

Market Concentration & Characteristics

The market growth stage is high, and the pace of the market growth is accelerating. This is owing to the increasing demand for low-latency data processing and real-time analytics, which can be achieved through multi-access edge computing (MEC). With increasing digitalization trends, rising implementation of connected devices, and enhanced network connectivity through 5G services, the market for multi-access edge computing is expected to grow at a rapid rate.

Multi-access Edge Computing Market Concentration & Characteristics

The multi-access edge computing market is also characterized by a moderate to high level of merger and acquisition (M&A) activities by the leading market players. As the market continues to grow, companies are aiming to expand their service offerings and geographic reach by acquiring or merging with other companies in the same space. This trend is particularly evident among the larger players in the market who have the resources and capability to acquire smaller companies to gain a competitive edge.

The multi-access edge computing market is also subject to increasing regulatory scrutiny. This is due to the increasing adoption of edge computing solutions; concerns have arisen about the protection of sensitive data that is processed at the edge. This has led to the introduction of new regulations and guidelines, such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), which aim to protect the privacy and security of personal data.

There are a limited number of technological substitutes for the multi-access edge computing (MEC) market. This is because edge computing is uniquely designed to address the growing need for real-time data processing and analytics, which cannot be achieved through traditional cloud computing solutions. While other technologies can perform similar functions, such as fog computing and distributed computing, these technologies are not direct substitutes for multi-access edge computing.

End-user concentration is a significant factor in the multi-access edge computing market.This is because the market is driven by the demand for edge computing solutions from specific industries and applications, such as healthcare, finance, and manufacturing. As a result, the market is heavily dependent on the demand from a small number of large end-users. This can create a situation where the market is dominated by a few key players who hold significant bargaining power over suppliers and service providers.

Solution Insights

Based on the solution, the software segment dominated the market in 2022 with a revenue share of 45% in 2022. The software provides a platform for virtualizing the network functions and services that run on edge servers. Virtualization software enables operators to deploy and manage virtualized network functions (VNF) at the edge, such as firewalls, load balancers, and content delivery networks.

This software enables greater flexibility and scalability compared to hardware-based solutions, as VNFs can be easily deployed, scaled, and upgraded per the requirements. This software runs on edge servers and provides a platform for deploying and managing applications at the edge, it enables developers to create and deploy applications that require low-latency and high-bandwidth connectivity, such as augmented reality, virtual reality, and gaming. Edge computing software solutions can also provide analytics and real-time processing capabilities for data generated by IoT devices.

End-use Insights

Based on end-use, the IT & telecom segment dominated the market in 2022. The telecom industry is a significant end-user of MEC, as it enables them to provide low-latency and high-bandwidth services to their customers. MEC allows telecom operators to move computing and storage closer to the end-users, enabling faster delivery of services. The IT industry is also showing increasing adoption of MEC to provide better services to their customers. It enables IT service providers to deploy applications and services at the edge, enabling faster processing and analysis of data generated by IoT devices. Additionally, MEC can provide real-time analytics and insights, enabling IT service providers to deliver better services and user experiences.

Global Multi-access Edge Computing Market share and size, 2023

Rising demand amongst consumers to gain access to personalized and premium content and changing lifestyle habits have resulted in a significant increase in content consumption on mobile devices. This is promoting mobile networks to produce more video, thus generating large chunks of user data, which can be leveraged to analyze and offer a better personalized experience. Furthermore, the rise in the number of mobile devices and the demand to meet users’ needs is pushing service providers to improve their network infrastructure. Additionally, data transfer from its generation point to the processing data center is impacted by factors such as packet loss and results in a reduction of bandwidth, which the adoption of mobile edge computing technology can mitigate.

Regional Insights

Based on region, North America accounted for the largest market share of more than 40% in 2022 as the region becomes one of the early adopters of the 5G network, and the number of IoT devices is expected to increase significantly. The U.S. is the region's largest market owing to major players in end-use industries. The telecommunication industry is a major contributor to the market's growth as technology is essential for end-users and consumers. The healthcare industry also plays a significant role in market growth as technology can provide faster and more accurate medical data analysis, leading to better patient outcomes. In addition, the manufacturing industry is adopting MEC technology to improve production efficiency and reduce operational costs.

Multi-access Edge Computing Market Trends by Region, 2024 - 2030

Followed by North America, Asia Pacific accounted for a significant market share in 2022. The MEC market across the region is expected to grow at the highest CAGR from 2023 to 2030. Companies in the region are providing solutions that integrate cloud computing with edge computing capabilities to enhance multi-access edge computing architecture for commercial services. For instance, in June 2023, India's Jio Platforms announced plans to roll out 5G services across the country by December 2023, enabled by a cloud-native 5G network with edge computing capabilities. Jio has been running 5G trials in several cities.

Key Companies & Market Share Insights

Key Multi-access Edge Computing Companies:

ADLINK Technology Inc.
Advantech Co., Ltd.
FogHorn Systems Inc.
Hewlett Packard Enterprise Development LP
Huawei Technologies Co., Ltd.
Juniper Networks, Inc.
Saguna Network Ltd.
SMART Embedded Computing
Vapor IO
ZephyrTel

Recent Developments

In July 2023, ADLINK Technology Inc. unveiled the launch of the ROScube RQX-59 Series, a line of products categorically designed to reinforce the fields of robotics, Autonomous Mobile Robots (AMR), and autonomous driving. This exceptional solution highlighted a remarkable advancement in intelligent automation and represented the increasing importance of edge computing and AI-driven solutions in autonomous driving and robotics.
In July 2023, Advantech announced the launch of SOM-2533, a high-performance module that features Intel's Core i, Celeron, Pentium, and Atom x7000 processors. With its brilliant computational power, cutting-edge design-in-service, and comprehensive I/O support, the module is an appropriate choice for a range of applications including medical, transportation, industrial control, and automation, which are pertinent to the multi-access edge computing market.
In July 2023, ADLINK Technology Inc. introduced the SuperCAT, a software defined EtherCAT motion controller. This new product launch demonstrated the company’s expertise in motion control technology and signified its commitment to the ever-evolving advancements in the multi-access edge computing arena.
In June 2023, Hewlett Packard Enterprise (HPE) introduced an AI-driven cloud for large language models (LLM). The HPE GreenLake for LLMs delivers enterprises with the capability to privately train, tune, and implement large-scale AI models leveraging the company’s AI software and supercomputers, which thereby boosts innovation in the multi-access edge computing market.
In June 2023, Advantech launched the TREK-60N, an edge AI dual-system computing platform designed for high-performance computing in severe environments, especially for deployment in in-vehicle applications. The platform is integrated with an Intel Core processor and an NVIDIA Jetson Orin NX, delivering substantial computing power and AI acceleration & multi-access edge computing capabilities.
In May 2023, Juniper Networks announced a strategic partnership with ServiceNow for delivering end-to-end automation for Enterprises and Managed Service Providers. This deal was aimed at redefining the potential for end-to-end automation, improving experiences, lowering costs, and streamlining operations for both Service Providers and Enterprise customers in the multi-access edge computing industry.
In April 2023, Stratus Technologies, Inc. (a part of SMART) announced the next generation of its Stratus ftServer fault-tolerant computing platforms. These platforms are specifically designed for implementing advanced software and supporting edge-core-cloud data architectures in line with the requirements of the MEC space.

Multi-access Edge Computing Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 3.39 billion
Revenue forecast in 2030	USD 55.41 billion
Growth Rate	CAGR of 49.1% from 2023 to 2030
Actual data	2018 - 2023
Forecast period	2024 - 2030
Quantitative units	Revenue in USD million and CAGR from 2023 to 2030
Report coverage	Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered	Solution, end-use, enterprise size, network type, region
Regional scope	North America; Europe; Asia Pacific; Latin America; MEA
Country scope	U.S.; Canada; Germany; U.K.; France; Italy; Spain; China; Japan; India; South Korea; Brazil; Mexico; UAE; Saudi Arabia; South Africa
Key companies profiled	ADLINK Technology Inc.; Advantech Co., Ltd.; FogHorn Systems Inc.; HPE; Huawei Technologies Co., Ltd.; Juniper Networks Inc.; SAGUNA; Vapor IO; ZephyrTel
Customization scope	Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options

Global Multi-access Edge Computing Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global multi-access edge computing market report based on solution, end-use, enterprise size, network type, and region:

Global Multi-access Edge Computing Market Report Segmentation

Solution Outlook (Revenue, USD Million; 2018 - 2030)
- Hardware
- Software
- Services
End-Use Outlook (Revenue, USD Million, 2018 - 2030)
- IT & Telecom
- Smart Cities, Smart Homes, & Smart Buildings
- Datacenters
- Energy & Utilities
- Automotive
- Manufacturing
- Retail
- Healthcare
- Others
Enterprise Size Outlook (Revenue, USD Million; 2018 - 2030)
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
Network Type Outlook (Revenue, USD Million; 2018 - 2030)
- Wireless MEC
- Wired MEC
Regional Outlook (Revenue, USD Million; 2018 - 2030)
- North America
  - U.S.
  - Canada
- Europe
  - Germany
  - U.K.
  - France
  - Italy
  - Spain
- Asia Pacific
  - China
  - Japan
  - India
  - South Korea
- Latin America
  - Brazil
  - Mexico
- Middle East and Africa (MEA)
  - UAE
  - Saudi Arabia
  - South Africa

Frequently Asked Questions About This Report

How big is the multi-access edge computing market?

b. The global multi-access edge computing market size was estimated at USD 2.52 billion in 2022 and is expected to reach USD 3.39 billion by 2023.

What is the multi-access edge computing market growth?

b. The global multi-access edge computing market is expected to grow at a CAGR of 49.1% from 2023 to 2030 to reach USD 55.41 billion by 2030.

Which segment accounted for the largest multi-access edge computing market share?

b. The IT and Telecom segment dominated the global multi-access edge computing market with a share of 29.0% in 2022. This is attributable to the commercial rollout of the 5G delivery system to experience ultra-low latency and very high bandwidth for efficient transfer and analysis of data resolution.

Who are the key players in the multi-access edge computing market?

b. Some of the key players in the global multi-access edge computing market include ADLINK Technology Inc.; Microsoft Corporation; Advantech Co, Ltd.; FogHorn Systems; Hewlett Packard Enterprise Development LP; and Saguna Networks Ltd.

What are the factors driving the multi-access edge computing market?

b. Key factors driving the growth of multi-access edge computing include the advent of OTT media streaming delivery, implementation of 5G, and growing adoption of IoT across industry verticals.

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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definitions
1.3. Information Procurement
1.3.1. Information analysis
1.3.2. Market formulation & data visualization
1.3.3. Data validation & publishing
1.4. 1.4 Research Scope and Assumptions
1.4.1. List to Data Sources
Chapter 2. Executive Summary
2.1. Multi-Access Edge Computing Market Snapshot
2.2. Multi-Access Edge Computing Market- Segment Snapshot (1/2)
2.3. Multi-Access Edge Computing Market- Segment Snapshot (2/2)
2.4. Multi-Access Edge Computing Market- Competitive Landscape Snapshot
Chapter 3. Multi-Access Edge Computing Market - Industry Outlook
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.4. Industry Analysis Tools
3.4.1. Porter’s analysis
3.4.2. Macroeconomic analysis
3.5. MEC Architectural Blueprint
3.6. MEC Use Cases
3.6.1. Connected Vehicles
3.6.2. Retail
3.6.3. Smart Cities
3.6.4. Video Optimization
3.6.5. Manufacturing
3.6.6. Augmented Reality(AR)/Virtual Reality (VR)
3.7. 5G and MEC
3.8. Technical Challenges and Requirements
3.9. Impact of COVID-19 on Multi-Access Edge Computing Industry
Chapter 4. Multi-Access Edge Computing Market: Component Estimates & Trend Analysis
4.1. Component Movement Analysis & Market Share, 2022 & 2030
4.2. Multi-Access Edge Computing Market Estimates & Forecast, By Component (USD Million)
4.2.1. Hardware
4.2.2. Software
4.2.3. Services
Chapter 5. Multi-Access Edge Computing Market: End-Use Estimates & Trend Analysis
5.1. End-Use Movement Analysis & Market Share, 2022 & 2030
5.2. Multi-Access Edge Computing Market Estimates & Forecast, By End-Use (USD Million)
5.2.1. IT & Telecom
5.2.2. Smart Cities, Smart Homes, & Smart Buildings
5.2.3. Datacenters
5.2.4. Energy & Utilities
5.2.5. Automotive
5.2.6. Manufacturing
5.2.7. Retail
5.2.8. Healthcare
5.2.9. Others
Chapter 6. Multi-Access Edge Computing Market: Enterprise Size Estimates & Trend Analysis
6.1. Enterprise Size Movement Analysis & Market Share, 2022 & 2030
6.2. Multi-Access Edge Computing Market Estimates & Forecast, By Enterprise Size (USD Million)
6.2.1. Small and Medium-sized Enterprises (SMEs)
6.2.2. Large Enterprises
Chapter 7. Multi-Access Edge Computing Market: Network Type Estimates & Trend Analysis
7.1. Network Type Movement Analysis & Market Share, 2022 & 2030
7.2. Multi-Access Edge Computing Market Estimates & Forecast, By Network Type (USD Million)
7.2.1. Wireless MEC
7.2.2. Wired MEC
Chapter 8. Regional Estimates & Trend Analysis
8.1. Multi-Access Edge Computing Market by Region, 2022 & 2030
8.2. North America
8.2.1. North America Multi-Access Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
8.2.2. U.S.
8.2.3. Canada
8.3. Europe
8.3.1. Europe Multi-Access Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
8.3.2. U.K.
8.3.3. Germany
8.3.4. France
8.3.5. Italy
8.3.6. France
8.4. Asia Pacific
8.4.1. Asia Pacific Multi-Access Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
8.4.2. China
8.4.3. Japan
8.4.4. India
8.4.5. South Korea
8.5. South America
8.5.1. South America Multi-Access Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
8.5.2. Brazil
8.5.3. Mexico
8.6. Middle East & Africa (MEA)
8.6.1. MEA Multi-Access Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
8.6.2. UAE
8.6.3. Saudi Arabia
8.6.4. South Africa
Chapter 9. Multi-Access Edge Computing Market - Competitive Landscape
9.1. Recent Developments & Impact Analysis, By Key Market Participants
9.2. Company Categorization
9.3. Participant’s Overview
9.4. Financial Performance
9.5. Product Benchmarking
9.6. Company Market Share Analysis, 2022
9.7. Company Heat Map Analysis
9.8. Strategy Mapping
9.8.1. Expansion/Divestiture
9.8.2. Collaborations/Partnerships
9.8.3. New Product Launches
9.8.4. Contract
9.9. Company Profiles
9.9.1. ADLINK Technology Inc.
9.9.1.1. Participant’s Overview
9.9.1.2. Financial Performance
9.9.1.3. Product Benchmarking
9.9.1.4. Recent Developments
9.9.2. Advantech Co. Ltd.
9.9.2.1. Participant’s Overview
9.9.2.2. Financial Performance
9.9.2.3. Product Benchmarking
9.9.2.4. Recent Developments
9.9.3. FogHorn Systems Inc.
9.9.3.1. Participant’s Overview
9.9.3.2. Financial Performance
9.9.3.3. Product Benchmarking
9.9.3.4. Recent Developments
9.9.4. Hewlett Packard Enterprise Development LP
9.9.4.1. Participant’s Overview
9.9.4.2. Financial Performance
9.9.4.3. Product Benchmarking
9.9.4.4. Recent Developments
9.9.5. Huawei Technologies Co. Ltd.
9.9.5.1. Participant’s Overview
9.9.5.2. Financial Performance
9.9.5.3. Product Benchmarking
9.9.5.4. Recent Developments
9.9.6. Juniper Networks Inc.
9.9.6.1. Participant’s Overview
9.9.6.2. Financial Performance
9.9.6.3. Product Benchmarking
9.9.6.4. Recent Developments
9.9.7. Saguna Networks Ltd.
9.9.7.1. Participant’s Overview
9.9.7.2. Financial Performance
9.9.7.3. Product Benchmarking
9.9.7.4. Recent Developments
9.9.8. SMART Embedded Computing
9.9.8.1. Participant’s Overview
9.9.8.2. Financial Performance
9.9.8.3. Product Benchmarking
9.9.8.4. Recent Developments
9.9.9. Vapor IO
9.9.9.1. Participant’s Overview
9.9.9.2. Financial Performance
9.9.9.3. Product Benchmarking
9.9.9.4. Recent Developments
9.9.10. ZephyrTel
9.9.10.1. Participant’s Overview
9.9.10.2. Financial Performance
9.9.10.3. Product Benchmarking
9.9.10.4. Recent Developments

List of Tables

Table 1 Multi-Access Edge Computing Market 2018 - 2030 (USD Million)
Table 2 Global Multi-Access Edge Computing Market Estimates and Forecasts by Region, 2018 - 2030 (USD Million)
Table 3 Global Multi-Access Edge Computing Market Estimates and Forecasts by Component, 2018 - 2030 (USD Million)
Table 4 Global Multi-Access Edge Computing Market Estimates and Forecasts by End-Use, 2018 - 2030 (USD Million)
Table 5 Global Multi-Access Edge Computing Market Estimates and Forecasts by Enteprise Size, 2018 - 2030 (USD Million)
Table 6 Global Multi-Access Edge Computing Market Estimates and Forecasts by Network Type, 2018 - 2030 (USD Million)
Table 7 Company heat map analysis
Table 8 Key companies undergoing expansion
Table 9 Key companies involved in mergers & acquisitions
Table 10 Key companies involved in collaborations
Table 11 Key companies new product/service launches
Table 12 Key companies research & development

List of Figures

Fig 1 Multi-Access Edge Computing Market Segmentation
Fig 2 Multi-Access Edge Computing Landscape
Fig 3 Information Procurement
Fig 4 Data Analysis Models
Fig 5 Market Formulation and Validation
Fig 6 Data Validating & Publishing
Fig 7 Market Snapshot
Fig 8 Segment Snapshot (1/2)
Fig 9 Segment Snapshot (2/2)
Fig 10 Competitive Landscape Snapshot
Fig 11 Multi-Access Edge Computing - Market Size and Growth Prospects (USD Million)
Fig 12 Multi-Access Edge Computing Market: Industry Value Chain Analysis
Fig 13 Multi-Access Edge Computing Market: Market Dynamics
Fig 14 Multi-Access Edge Computing Mareket: PORTER's Analysis
Fig 15 Multi-Access Edge Computing Marekt: PESTEL Analysis
Fig 16 Multi-Access Edge Computing Market Share by Component: Key Takeaway
Fig 17 Multi-Access Edge Computing Market, by Component: Market Share, 2022 & 2030
Fig 18 Hardware Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig 19 Software Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig 20 Services Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig 21 Multi-Access Edge Computing Market Share by End-Use: Key Takeaway
Fig 22 Multi-Access Edge Computing Market, by End-Use: Market Share, 2022 & 2030
Fig 23 IT & Telecom Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig 24 Smart Cities, Smart Homes, & Smart Buildings Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig 25 Datacenters Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig 26 Energy & Utilities Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig 27 Automotive Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig 28 Manufacturing Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig 29 Retail Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig 30 Healthcare Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig 31 Others Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig 32 Multi-Access Edge Computing Market Revenue, by Region, 2022 & 2030 (USD Million)
Fig 33 Regional Marketplace: Key Takeaways
Fig 34 Regional Marketplace: Key Takeaways
Fig 35 North America Multi-Access Edge Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig 36 U.S. Multi-Access Edge Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig 37 Canada Multi-Access Edge Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig 38 Europe Multi-Access Edge Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig 39 Germany Multi-Access Edge Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig 40 U.K. Multi-Access Edge Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig 41 France Multi-Access Edge Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig 42 Italy Multi-Access Edge Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig 43 Spain Multi-Access Edge Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig 44 Asia Pacific Multi-Access Edge Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig 45 China Multi-Access Edge Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig 46 Japan Multi-Access Edge Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig 47 India Multi-Access Edge Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig 48 South Korea Multi-Access Edge Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig 49 Latin America Multi-Access Edge Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig 50 Brazil Multi-Access Edge Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig 51 Mexico Multi-Access Edge Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig 52 Middle East and Africa Multi-Access Edge Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig 53 UAE Multi-Access Edge Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig 54 Saudi Arabia Multi-Access Edge Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig 55 South Africa Multi-Access Edge Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig 56 Key Company Categorization
Fig 57 Company Market Positioning
Fig 58 Key Company Market Share Analysis, 2023
Fig 59 Strategic Framework

Market Segmentation

Multi-Access Edge Computing Component Outlook (Revenue, USD Million; 2018 - 2030)
- Hardware
- Software
- Services
Multi-Access Edge Computing End-Use Outlook (Revenue, USD Million, 2018 - 2030)
- IT & Telecom
- Smart Cities, Smart Homes, & Smart Buildings
- Datacenters
- Energy & Utilities
- Automotive
- Manufacturing
- Retail
- Healthcare
- Others
Multi-Access Edge Computing Regional Outlook (Revenue, USD Million; 2018 - 2030)
- North America
  - North America Multi-Access Edge Computing Market, By Component
  - North America Multi-Access Edge Computing Market, By End-Use
  - North America Multi-Access Edge Computing Market, By Enterprise Size
  - North America Multi-Access Edge Computing Market, By Network Type
  - U.S.
  - Canada
- Europe
  - Europe Multi-Access Edge Computing Market, By Component
  - Europe Multi-Access Edge Computing Market, By End-Use
  - Europe Multi-Access Edge Computing Market, By Enterprise Size
  - Europe Multi-Access Edge Computing Market, By Network Type
  - Germany
  - U.K.
  - France
  - Italy
  - Spain
- Asia Pacific
  - Asia Pacific Multi-Access Edge Computing Market, By Component
  - Asia Pacific Multi-Access Edge Computing Market, By End-Use
  - Asia Pacific Multi-Access Edge Computing Market, By Enterprise Size
  - Asia Pacific Multi-Access Edge Computing Market, By Network Type
  - China
  - Japan
  - India
  - South Korea
- Latin America
  - Latin America Multi-Access Edge Computing Market, By Component
  - Latin America Multi-Access Edge Computing Market, By End-Use
  - Latin America Multi-Access Edge Computing Market, By Enterprise Size
  - Latin America Multi-Access Edge Computing Market, By Network Type
  - Brazil
  - Mexico
- Middle East & Africa (MEA)
  - Middle East and Africa Multi-Access Edge Computing Market, By Component
  - Middle East and Africa Multi-Access Edge Computing Market, By End-Use
  - Middle East and Africa Multi-Access Edge Computing Market, By Enterprise Size
  - Middle East and Africa Multi-Access Edge Computing Market, By Network Type
  - UAE
  - Saudi Arabia
  - South Africa

Multi-access Edge Computing Market Dynamics

Driver: Advent Of Ott Media Streaming Delivery

The increasing demand for customized and premium content on mobile devices, along with changing lifestyle habits, is driving the growth in content consumption on these devices. This trend is compelling mobile networks to produce more video content, resulting in the generation of large volumes of user data that can be utilized for analysis and providing a better-personalized experience. The rising number of mobile devices and the need to meet users' requirements is prompting service providers to enhance their network infrastructure. However, data transfer from its source to the processing data center is affected by factors such as packet loss, leading to a reduction in bandwidth. This issue can be mitigated by adopting mobile edge computing technology. The application of MEC for OTT media services offers several use cases such as video-on-demand content processing and caching, broadcasting, and local channel processing using LTE, as well as VR content streaming and processing. Minimizing congestion and reducing latency enables the efficient utilization of bandwidth, promoting market growth. For instance, Netflix uses edge CDN to ensure smooth streaming and enhance user experience.

Implementation Of 5G

The placement of MEC in conjunction with 5G provides the capability for effective network slicing, which offers an optimum experience to both enterprises and individuals. The implementation of 5G in countries such as the U.S. has facilitated technological advancements in smart cities, smart manufacturing, supply chain management, real-time monitoring, and asset management. The cumulative mobile traffic and rising pressure of operational costs are driving enterprises to adopt MEC due to the demand among users to optimize revenue generation, resource utilization, and network operations. The emergence of IoT is leading to network congestion and a longer data analysis cycle, prompting service providers to alleviate backhaul impact and security. Advanced mobile phone applications and substances are moving to the cloud, needing an enhancement in the entrance to the cloud to ensure a rich user experience. Collaboration between network operators and application and content suppliers is crucial to facilitate the deployment of applications/content at the edge of the mobile operator's network, providing familiarity with the system and location data.

Restraint: Data Security And Privacy Concerns

The security of Multi-Access Edge Computing (MEC) networks is threatened by various factors, including compromised protocols, man-in-the-middle attacks, and falsified information. These risks can lead to unauthorized access, data manipulation, and potential disruptions in the efficient processing of data, affecting data integrity and business processes. To address these challenges, MEC can implement network layer encryption, application layer encryption, and data layer encryption to secure communication and data exchange. Additionally, verification of identity and privileges, authentication, and authorization are essential to prevent impersonation, spoofing, or unauthorized access. Regular security testing and certification, along with the implementation of secure value chains, are also crucial to mitigate the threats associated with MEC networks.

What Does This Report Include?

This section will provide insights into the contents included in this multi-access edge computing market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Multi-access edge computing market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

Multi-access edge computing market quantitative analysis

Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

Research Methodology

A three-pronged approach was followed for deducing the multi-access edge computing market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for multi-access edge computing market to gather the most reliable and current information possible.

We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of multi-access edge computing market data depending on the type of information we’re trying to uncover in our research.

Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.
Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.
Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.
Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.
Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.
This step also entails the finalization of the report scope and data representation pattern.
Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Multi-access Edge Computing Market Categorization:

The multi-access edge computing market was categorized into three segments, namely solution (Hardware, Software, Services), end-use (IT & Telecom, Smart Cities, Smart Homes, & Smart Buildings, Data centers, Energy & Utilities, Automotive, Healthcare, Agriculture), and region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Segment Market Methodology:

The multi-access edge computing market was segmented into solution, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

Demand estimation of each product across countries/regions summed up to from the total market.
Variable analysis for demand forecast.
Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.
Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

Used extensively for new product forecasting or analyzing penetration levels.
Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.
Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The multi-access edge computing market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into nine countries, namely, the U.S.; Canada; Germany; the UK; China; India; Japan; Brazil; Mexico.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Multi-access edge computing market companies & financials:

The multi-access edge computing market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

ADLINK Technology Inc. - ADLINK Technology Inc. is an information technology and services company based in Taiwan. The products and solutions offered by the company allow customers to alter their technological ecosystem. Moreover, AI-based platforms are provided by the companies to other businesses to design and grow their network substructure based on their requirements. ADLINK Technology Inc.’s products and solutions are used by different across several industries such as defense & aviation, infotainment, power & energy, healthcare, transportation, telecom, and retail. The company is a vital member of the Intel Internet of Things (IoT) Solutions Alliance and has a strategic partnership with NVIDIA Corporation, through which it works together with other renowned market players to advance AI-integrated edge computing solutions.
Advantech Co., Ltd. - Advantech Co., Ltd. is a global computer hardware company specializing in providing hardware, software, system integration, customer-centric design services, automation products, global logistics support, and embedded systems. Advantech Co., Ltd. caters to the requirements and demands of companies across various sectors such as energy & environment, industrial, healthcare, transportation & logistics, retail, and telecom. Moreover, The business helps its customers drive effective business practices by providing products, solutions, and services that aid in disrupting industrial automation and applied computing.
FogHorn Systems - A computer software company, FogHorn Systems is based in the U.S. The company offers its services to numerous businesses such as manufacturing, oil & gas, transportation, smart buildings & smart cities, energy & power, healthcare, retail, and automotive. The business has collaborated with more than 50 industrial solution providers, OEMs, advisors, and gateway providers, such as Robert Bosch GmbH, General Electric Company, Honeywell International Inc., and Yokogawa Electric Corporation. FogHorn Systems specializes in providing edge intelligence software regarding IoT, Platform-as-a-Service (PaaS), industrial automation, cloud computing, edge intelligence, predictive analytics, application platforms, fog computing system integrators, OEMs, and customers in the industries mentioned above.
Hewlett Packard Enterprise Development LP - A U.S.-based IT provider company Hewlett Packard Enterprise Development LP (HP), offers enterprise solutions across cloud, data centers, and workplace environments. The corporation offers technology solutions to support organizations in digital transformation and serves several enterprise consumers in North America, Europe, Asia Pacific, Latin America, and MEA. It is focused on organic and inorganic growth strategies to improve its services and product portfolio as well as expand its business operations. The company mostly functions through the following segments: personal systems and printing. Moreover, hybrid IT provides a more extensive portfolio of software-enabled infrastructure & solutions, which include software-defined storage, servers, and HPE Pointnext services. The mobile IoT solutions product category contains a portfolio of secure edge-to-cloud solutions that operate under the brand name Aruba, which comprises wireless Local Area Network (LAN), data center switching, Software Defined Wide-Area-Networking (SD-WAN), and associated services to enable secure connectivity across enterprises.
Huawei Technologies Co., Ltd, - Headquartered in Shenzhen, China, Huawei Technologies in Co., Ltd, offers Information and Communications Technology (ICT) solutions. A wide range of end-to-end solutions in telecom and enterprise networks, devices, and cloud technology and services are offered by the business. The corporation operates mainly through three business segments; carrier business, enterprise business, and consumer business. Huawei Technologies is a member of over 600 standards organizations, industry alliances, and communities, and it has entered into partnerships with various corporations to increase its domains such as cloud computing, Software-Defined Networking (SDN), Network Functions Virtualization (NFV), and 5G. The solution assists edge nodes in delivering intelligent services through an SDN-based Agile Controller and thereby implements network management in the cloud. The company offers an edge computing solution under the enterprise business segment. Huawei’s Edge Computing-IoT (EC-IoT) solution facilitates the application of cloud-managed platforms, edge computing IoT gateways, and edge computing to the IoT field.
Juniper Networks, Inc. - California-based Juniper Networks, Inc. is a computer networking company, that deals in the development, designing, and selling of services and products to build consistent, scalable, and protected networks for their trades and improving current network conditions. Juniper Networks, Inc. has positively affected several organizations with its innovative and industry-relevant solutions, such as Aston Martin, Gap Inc., Ricoh, Synechron, and The European Organization for Nuclear Research (CERN). Additionally, the company specializes in providing products and solutions regarding networking, switches, operating systems, routers, and security. Juniper Systems, Inc. enables companies to drive their digital transformation goals by offering intelligent, secure, open, and agile solutions to its clients.
Saguna Networks Ltd. - Saguna Networks Ltd. is a leading company in the multi-access edge computing market, based in Israel. The company assists its clients in monetizing, optimizing, and accelerating their networks. Saguna Networks specializes in providing solutions and services related to mobile network content acceleration, edge cloud computing, cloud computing in Radio Access Networks (RAN), and Network Function Virtualization (NFV). The company's significant clients include Hewlett Packard Enterprise Company, Dell EMC, Akamai Technologies, Inc., and Vodafone Group plc.
SMART Embedded Computing - In July 2019, SMART Global Holdings, Inc. acquired Artesyn Embedded Computing and Inforce Computing, leading to the formation of SMART Embedded Computing. This move allowed SMART to extend its product offering into various markets, including federal, defense, industrial, edge computing, consumer, and communications OEM markets. The acquisitions were expected to immediately contribute to the company's earnings per share (EPS). SMART Embedded Computing, formerly known as Artesyn Embedded Computing, specializes in designing and manufacturing versatile embedded computing solutions for industries such as military & aerospace, telecom, cloud gaming, video analytics, transportation, industrial automation, and healthcare. The company's prominent technology partners include 6WIND, Broadcom Inc., Marvell, Clavister, Dell Inc., GDCA, and HP Development Company, L.P. The acquisitions were part of SMART Global's strategy to drive growth and expand its target market opportunity, enabling the company to cross-sell its existing products.
Vapor IO - Vapor IO is a software company based in Austin, USA, that specializes in providing data-driven solutions for data centers, cloud computing, storage, and big data. The company has recently joined The Kinetic Edge Alliance, which is a collaboration of major players in the industry such as Arm Limited, CBRE Group, Inc., Hitachi Vantara LLC, and Western Digital Corporation, to design, deploy, and operate edge computing efficiently. The Kinetic Edge Alliance aims to make designing, deploying, and operating edge computing easy by converging edge exchange, edge colocation, and edge networking into a nationwide network that empowers application developers and enhances existing applications. Vapor IO's Kinetic Grid provides a network of data centers and interconnection facilities to bring new services to the edge of the network.
ZephyrTel - ZephyrTel is a U.S.-based computer software company that offers cloud solutions for retail, mobile, infrastructure, and customer experience to telecommunication companies worldwide. The company has installations in over 50 countries and serves more than 330 telecom companies globally. ZephyrTel specializes in providing solutions and services for mobile device diagnostics, transparent caching, solutions for retailers and operators, multi-channel contact centers, and interworking networks.

Value chain-based sizing & forecasting

Supply Side Estimates

Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.
Segment revenue determination via variable analysis and penetration modeling.
Competitive benchmarking to identify market leaders and their collective revenue shares.
Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

Identifying parent markets and ancillary markets
Segment penetration analysis to obtain pertinent
revenue/volume
Heuristic forecasting with the help of subject matter experts
Forecasting via variable analysis

Multi-access Edge Computing Market Report Objectives:

Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.
Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.
Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Multi-access Edge Computing Market Report Assumptions:

The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.
The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.
We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.
All market estimates and forecasts have been validated through primary interviews with the key industry participants.
Inflation has not been accounted for to estimate and forecast the market.
Numbers may not add up due to rounding off.
Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).
Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).
Latin America includes Central American countries and the South American continent
Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.
Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.