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 Pages: 125
Format: Electronic (PDF)

Historical Range: 2018 - 2023
Industry: Technology

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

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