Multi-access edge computing market is anticipated to grow at a considerable CAGR of 11.4% during the forecast period (2024-2031). The growing adoption of ultra-low latency and high bandwidth technology along with 5G data network is the key factor supporting the growth of the market globally.  The increasing demand for MEC allows computing, network, and mobile service providers to shift some of the computing and cloud-based processes to the edge of the network environment, achieving better performance, latency, and security resulting drive the growth of the market. The market players are introducing multi-access edge computing solutions that further bolster the market growth.

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Multi-access edge computing lowers latency by bringing compute capabilities closer to the end user, 5G speeds can increase up to ten times faster than 4G. Edge computing and 5G are two closely related technologies that have the potential to greatly enhance application performance and allow for the real-time processing of massive volumes of data.

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Market Coverage
Market number available for – 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Market Segmentation

Global Multi-Access Edge Computing Market by Solution

Hardware
Software
Services

Global Multi-Access Edge Computing Market by Network Type

Wireless MEC
Wired MEC

Global Multi-Access Edge Computing Market by End-User

IT & Telecom
Datacenters
Energy & Utilities
Automotive
Manufacturing
Retail
Healthcare
Others (Smart Cities, Smart Homes, & Smart Buildings)

Company Profiles 

ADLINK Technology Inc.
Adtran, Inc.
Advantech Co., Ltd.
AEWIN Technologies Co., Ltd.
AT&T Inc.
BT Group
Cisco Systems, Inc.
Dell Inc.
Equinix, Inc.
ETSI
Hewlett Packard Enterprise Development LP
Infosys Ltd.
Intel Corp.
Juniper Networks, Inc.
Mavenir Systems, Inc.
Nanjing ZTE software Co. Ltd.
NVIDIA Corp.
Spirent Communications plc
Telefonaktiebolaget LM Ericsson
Verizon Communications Inc.
Vodafone Group Plc

The Report Covers

Market value data analysis of 2023 and forecast to 2031.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global multi-access edge computing market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.

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