Multi-access Edge Computing Market Size, Share & Trends Analysis Report By Solution (Hardware, Software, Services), By End-use (IT & Telecom & Smart Buildings, Datacenters, Energy & Utilities), By Region, And Segment Forecasts, 2023 - 2030

Report
125 Pages
July 2023
Region: Global
Grand View Research
ID: 5415445

The global multi-access edge computing market size is anticipated to reach USD 55.41 billion by 2030, growing at a CAGR of 49.1% over the forecast period, according to this report. The increasing adoption of Over the Top (OTT) media streaming services and rising demand for personalized content are the factors estimated to drive market growth. The rising number of users opting for the OTT video delivery model is projected to encourage mobile networks and telecom companies to improve their existing infrastructure. The MEC architecture brings backend functions closer to the user network, which is anticipated to help Multichannel Video Programming Distributors (MVPDs) meet consumer expectations.

Technology is observing increased adoption across industries such as automotive, IT, telecom, and data center. The retail sector is also projected to experience substantial disruption due to the integration of MEC technology in the near future. The use of MEC technology is projected to minimize data processing time and increase the effectiveness of in-store systems, allowing for better resolution of consumer complaints. Additionally, the implementation of this technology is intended to reduce the burden of external mega sites, providing users with a more seamless in-store experience. MEC integration in network systems reduces the total cost of ownership and creates quick returns on investment as compared to legacy systems, which could encourage smaller retail chains to adopt MEC technology.

The rise in the adoption of artificial intelligence and machine learning technologies and their incorporation in edge hardware and software solutions are compelling the market leaders to launch new products, catering to everchanging demands from different industry verticals. For instance, in May 2023, Dell Technologies announced the launch of “Dell NativeEdge,” an operations software to help businesses address the complexities of edge deployment and management. The solution offers simplified, secured, and automated edge application deployment.

Multi-access edge computing is projected to improve manufacturing practices, leading to the emergence of a connected automated ecosystem. The emergence of connected ecosystems in vehicles is driving the demand for solutions that can help wireless devices, computing systems, and sensors in connected cars to function together in a coordinated manner, which could favor the adoption of MEC. The technology can be used to provide key safety and operational data and improve safety, efficiency, and value-added services like car finders and smart parking. Additionally, applications such as collision warnings, road hazard mapping systems, congestion detection, and emergency vehicle alerts are attracting people to try out these services, supporting market growth.

The growth of the MEC market is expected to be fueled by the ubiquity of IoT devices and the growing need for real-time analysis of data produced by them. Moreover, as MEC is implemented through virtual machines from the network edge to cloud computing centers, it leads to better resource utilization and helps reduce routing and computing constraints. Using this technology in IoT can help relieve the burden on cloud networks and reduce the consumption of energy, both of which are predicted to provide considerable market opportunities.

Multi-access Edge Computing Market Highlights

In terms of solutions, the software segment accounted for the highest revenue share of more than 48.0% in 2022
Based on end-use, the IT & telecom segment dominated the market in 2022 with a revenue share exceeding 28.0%. The energy & utilities category is anticipated to grow at a rapid CAGR of more than 56% over the forecast period
In terms of region, the Asia Pacific regional market is likely to grow at a CAGR of more than 55% over the forecast period. Companies in the region are offering the combined functionality of cloud computing and edge computing solutions to extend MEC architecture for commercial services
The leading players in the multi-access edge computing industry include ADLINK Technology Inc.; Advantech Co., Ltd.; Hewlett Packard Enterprise Development LP; and Huawei Technologies Co., Ltd

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Chapter 1 Methodology and Scope

1.1 Market Segmentation & Scope
1.2 Market Definitions
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 The Internal Database
1.3.3 Secondary Sources & Third-Party Perspective
1.3.4 Primary Research
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation and Data Visualization
1.6 Data Validation and Publishing

Chapter 2 Executive Summary

2.1 Edge Analytics Market Snapshot
2.2 Edge Analytics - Segment Snapshot (1/2)
2.3 Edge Analytics - Segment Snapshot (2/2)
2.4 Edge Analytics - Competitive Landscape Snapshot

Chapter 3 Market Variables, Trends & Scope

3.1 Market Lineage Outlook
3.2 Value Chain Analysis
3.3 Market Dynamics
3.3.1 Market Driver Analysis
3.3.2 Market Restraint Analysis
3.3.3 Market Opportunity Analysis
3.3.4 Market Challenges Analysis
3.4 Industry Analysis Tools
3.4.1 PORTER’S Analysis
3.4.2 PEST Analysis
3.5 Key Market Share Analysis, 2022
3.6 Mec Architectural Blueprint
3.7 Mec Use Cases
3.7.1 Connected Vehicles
3.7.2 Retail
3.7.3 Smart Cities
3.7.4 Video Optimization
3.7.5 Manufacturing
3.7.6 Augmented Reality (Ar)/ Virtual Reality (Vr)
3.8 5G and MEC
3.9 Technical Challenges and Requirements
3.10 COVID-19 Impact on MEC
3.10.1 Post-Pandemic Demand For Edge Technology

Chapter 4 Solution Estimates & Trend Analysis

4.1 Mec Market: Solution Movement Analysis
4.1.1 Hardware
4.1.2 Software
4.1.3 Services

Chapter 5 End-Use Estimates & Trend Analysis

5.1 Mec Market: End-Use Movement Analysis
5.1.1 It & Telecom
5.1.2 Smart Homes, Smart Cities, And Smart Buildings
5.1.3 Datacenters
5.1.4 Energy & Utilities
5.1.5 Automotive
5.1.6 Others

Chapter 6 Regional Estimates & Trend Analysis

6.1 Multi-Access Edge Computing Market: Regional Outlook
6.2 North America
6.2.1 North America Multi-Access Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
6.2.2 U.S.
6.2.2.1 U.S. Multi-Access Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
6.2.3 Canada
6.2.3.1 Canada Multi-Access Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
6.3 Europe
6.3.1 Europe Multi-Access Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
6.3.2 Germany
6.3.2.1 Germany Multi-Access Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
6.3.3 Uk
6.3.3.1 Uk Multi-Access Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
6.4 Asia Pacific
6.4.1 Asia Pacific Multi-Access Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
6.4.2 China
6.4.2.1 China Multi-Access Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
6.4.3 India
6.4.3.1 India Multi-Access Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
6.4.4 Japan
6.4.4.1 Japan Multi-Access Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
6.5 Latin America
6.5.1 Latin America Multi-Access Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
6.5.2 Brazil
6.5.2.1 Brazil Multi-Access Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
6.5.3 Mexico
6.5.3.1 Mexico Multi-Access Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
6.6 Middle East And Africa
6.6.1 Middle East And Africa Multi-Access Edge Computing Market Estimates & Forecasts, 2018 - 2030 (USD Million)

Chapter 7 Edge Analytics Market - Competitive Landscape

7.1 Key participants
7.1.1 ADLINK Technology Inc.
7.1.2 Advantech Co., Ltd.
7.1.3 FogHorn Systems Inc.
7.1.4 Hewlett Packard Enterprise Development LP
7.1.5 Huawei Technologies Co., Ltd,
7.1.6 Juniper Networks, Inc.
7.1.7 Saguna Networks Ltd.
7.1.8 SMART Embedded Computing
7.1.9 Vapor IO
7.1.10 ZephyrTel
7.2 Recent Developments & Impact Analysis, By Key Market Participants
7.3 Company Categorization
7.4 Participant’s Overview
7.5 Financial Performance
7.6 Product Benchmarking
7.7 Company Market Share Analysis, 2022
7.8 Company Heat Map Analysis
7.9 Strategy Mapping
7.9.1 Expansion
7.9.2 Mergers & Acquisition
7.9.3 Collaborations
7.9.4 New Product Launches

List of Tables

Table 1 Key organizations working on MEC
Table 2 Global MEC hardware market, by region, 2018 - 2030 (USD Million)
Table 3 Global MEC software market, by region, 2018 - 2030 (USD Million)
Table 4 Global MEC services market, by region, 2018 - 2030 (USD Million)
Table 5 Global MEC market in IT & telecom, by region, 2018 - 2030 (USD Million)
Table 6 Global multi-access edge computing market in smart homes, smart cities, and smart buildings, by region, 2018 - 2030 (USD Million)
Table 7 Global MEC market in datacenters, by region, 2018 - 2030 (USD Million)
Table 8 Global MEC market in energy & utilities by region, 2018 - 2030 (USD Million)
Table 9 Global MEC market in automotive, by region, 2018 - 2030 (USD Million)
Table 10 Global MEC market in other sectors, by region, 2018 - 2030 (USD Million)
Table 11 North America multi-access edge computing market, 2018 - 2030 (USD Million)
Table 12 North America multi-access edge computing market, by solution, 2018 - 2030 (USD Million)
Table 13 North America Multi-access edge computing market, by end-use, 2018 - 2030 (USD Million)
Table 14 U.S. multi-access edge computing market, 2018 - 2030 (USD Million)
Table 15 U.S. multi-access edge computing market, by solution, 2018 - 2030 (USD Million)
Table 16 U.S. multi-access edge computing market, by end-use, 2018 - 2030 (USD Million)
Table 17 Canada multi-access edge computing market, 2018 - 2030 (USD Million)
Table 18 Canada multi-access edge computing market, by solution, 2018 - 2030 (USD Million)
Table 19 Canada multi-access edge computing market, by end-use, 2018 - 2030 (USD Million)
Table 20 Europe multi-access edge computing market, 2018 - 2030 (USD Million)
Table 21 Europe multi-access edge computing market, by solution, 2018 - 2030 (USD Million)
Table 22 Europe Multi-access edge computing market, by end-use, 2018 - 2030 (USD Million)
Table 23 UK multi-access edge computing market, 2018 - 2030 (USD Million)
Table 24 UK multi-access edge computing market, by solution, 2018 - 2030 (USD Million)
Table 25 UK multi-access edge computing market, by end-use, 2018 - 2030 (USD Million)
Table 26 Germany multi-access edge computing market, 2018 - 2030 (USD Million)
Table 27 Germany multi-access edge computing market, by solution, 2018 - 2030 (USD Million)
Table 28 Germany multi-access edge computing market, by end-use, 2018 - 2030 (USD Million)
Table 29 Asia Pacific multi-access edge computing market, 2018 - 2030 (USD Million)
Table 30 Asia Pacific multi-access edge computing market, by solution, 2018 - 2030 (USD Million)
Table 31 Asia Pacific Multi-access edge computing market, by end-use, 2018 - 2030 (USD Million)
Table 32 China multi-access edge computing market, 2018 - 2030 (USD Million)
Table 33 China multi-access edge computing market, by solution, 2018 - 2030 (USD Million)
Table 34 China multi-access edge computing market, by end-use, 2018 - 2030 (USD Million)
Table 35 Japan multi-access edge computing market, 2018 - 2030 (USD Million)
Table 36 Japan multi-access edge computing market, by solution, 2018 - 2030 (USD Million)
Table 37 Japan multi-access edge computing market, by end-use, 2018 - 2030 (USD Million)
Table 38 India multi-access edge computing market, 2018 - 2030 (USD Million)
Table 39 India multi-access edge computing market, by solution, 2018 - 2030 (USD Million)
Table 40 India multi-access edge computing market, by end-use, 2018 - 2030 (USD Million)
Table 41 Latin America multi-access edge computing market, 2018 - 2030 (USD Million)
Table 42 Latin America multi-access edge computing market, by solution, 2018 - 2030 (USD Million)
Table 43 Latin America Multi-access edge computing market, by end-use, 2018 - 2030 (USD Million)
Table 44 Brazil multi-access edge computing market, 2018 - 2030 (USD Million)
Table 45 Brazil multi-access edge computing market, by solution, 2018 - 2030 (USD Million)
Table 46 Brazil multi-access edge computing market, by end-use, 2018 - 2030 (USD Million)
Table 47 Mexico multi-access edge computing market, 2018 - 2030 (USD Million)
Table 48 Mexico multi-access edge computing market, by solution, 2018 - 2030 (USD Million)
Table 49 Mexico multi-access edge computing market, by end-use, 2018 - 2030 (USD Million)
Table 50 Middle East & Africa multi-access edge computing market, 2018 - 2030 (USD Million)
Table 51 Middle East & Africa multi-access edge computing market, by solution, 2018 - 2030 (USD Million)
Table 52 Middle East & Africa Multi-access edge computing market, by end-use, 2018 - 2030 (USD Million)

List of Figures

Fig. 1 Market segmentation & scope
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research process
Fig. 5 Market formulation and data visualization
Fig. 6 Market Snapshot
Fig. 7 Segment Snapshot
Fig. 8 Competitive Landscape Snapshot
Fig. 9 MEC market - Value chain analysis
Fig. 10 Market dynamics
Fig. 11 Penetration & growth prospect mapping
Fig. 12 Porter’s five forces analysis
Fig. 13 PEST analysis
Fig. 14 Architectural blueprint
Fig. 15 Potential B2B applications enabled by 5G
Fig. 16 Multi-access edge computing market solution outlook key takeaways
Fig. 17 MEC market: Solution movement analysis
Fig. 18 Multi-access edge computing market end-use outlook key takeaways
Fig. 19 MEC Market: End-use movement analysis
Fig. 20 Multi-access edge computing regional outlook, 2022 & 2030
Fig. 22 North America multi-access edge computing market- Key takeaways, 2022 & 2030, Revenue (USD Million)
Fig. 23 Europe multi-access edge computing market- Key takeaways, 2022 & 2030, Revenue (USD Million)
Fig. 24 Asia Pacific multi-access edge computing market- Key takeaways, 2022 & 2030, Revenue (USD Million)
Fig. 25 Latin America multi-access edge computing market- Key takeaways, 2022 & 2030, Revenue (USD Million)
Fig. 26 Middle East & Africa multi-access edge computing market- Key takeaways, 2022 & 2030, Revenue (USD Million)

Companies Mentioned

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

Methodology

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Multi-access Edge Computing Market Highlights

Table of Contents

Companies Mentioned

Methodology

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