Multi-Access Edge Computing Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
The Global Multi-Access Edge Computing Market was valued at USD 2.8 billion in 2023 and is projected to grow at a CAGR of 37.2% between 2024 and 2032. The deployment of 5G networks worldwide is a key factor driving the demand for MEC, as 5G’s ultra-low latency and high bandwidth necessitate real-time data processing close to users. MEC enables this localized processing at the edge of the network, reducing delays and enhancing efficiency for applications such as autonomous vehicles, smart cities, and augmented reality. With 5G adoption on the rise, the need for MEC solutions will continue to expand, supporting innovations in telemedicine, industrial automation, and next-generation entertainment. The increasing development of smart cities and connected vehicle ecosystems is further boosting the demand for integrated edge computing solutions.
Smart cities rely on real-time data from IoT devices to manage urban infrastructure efficiently, while connected vehicles require real-time processing for safety features and communication. MEC’s ability to process data quickly and locally is essential for reducing latency and ensuring the responsiveness needed in these advanced systems. In terms of market segmentation, MEC is divided into hardware and software components. In 2023, the hardware segment accounted for USD 1.6 billion of the market and continues to evolve with a focus on edge-optimized solutions.
Traditional data center hardware is being redesigned to meet the unique demands of edge computing, featuring more compact, rugged, and energy-efficient designs. Edge-specific processors, storage, and memory solutions are being developed for use in a variety of environments, from industrial facilities to remote locations. This trend toward optimized hardware is supporting broader deployments and enabling a wide range of new applications. The market is also categorized by deployment models, with cloud-based solutions expected to reach over USD 35.7 billion by 2032. The growing popularity of serverless computing is driving cloud adoption, as it streamlines application development by eliminating the need for server management.This model enhances flexibility, scalability, and efficiency, particularly for event-driven applications, while reducing operational costs. North America dominated the MEC market in 2023, accounting for around 43% of the market share. The region’s rapid adoption of 5G technology is fueling its growth, with a significant portion of global 5G connections originating in this region.
Smart cities rely on real-time data from IoT devices to manage urban infrastructure efficiently, while connected vehicles require real-time processing for safety features and communication. MEC’s ability to process data quickly and locally is essential for reducing latency and ensuring the responsiveness needed in these advanced systems. In terms of market segmentation, MEC is divided into hardware and software components. In 2023, the hardware segment accounted for USD 1.6 billion of the market and continues to evolve with a focus on edge-optimized solutions.
Traditional data center hardware is being redesigned to meet the unique demands of edge computing, featuring more compact, rugged, and energy-efficient designs. Edge-specific processors, storage, and memory solutions are being developed for use in a variety of environments, from industrial facilities to remote locations. This trend toward optimized hardware is supporting broader deployments and enabling a wide range of new applications. The market is also categorized by deployment models, with cloud-based solutions expected to reach over USD 35.7 billion by 2032. The growing popularity of serverless computing is driving cloud adoption, as it streamlines application development by eliminating the need for server management.This model enhances flexibility, scalability, and efficiency, particularly for event-driven applications, while reducing operational costs. North America dominated the MEC market in 2023, accounting for around 43% of the market share. The region’s rapid adoption of 5G technology is fueling its growth, with a significant portion of global 5G connections originating in this region.
Report Content
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates & calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimation
1.3 Forecast model
1.4 Primary research and validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definition
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry 360° synopsis, 2021 - 2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.2.1 Telecom operators
3.2.2 Cloud service providers
3.2.3 Hardware manufacturers
3.2.4 System integrators
3.2.5 End-user
3.3 Profit margin analysis
3.4 Cost breakdown analysis
3.4.1 Hydrogen storage system
3.4.2 Hydrogen refueling infrastructure
3.4.3 Maintenance & support
3.4.4 Others
3.5 Technology & innovation landscape
3.6 Patent analysis
3.7 Key news & initiatives
3.8 Regulatory landscape
3.9 Impact forces
3.9.1 Growth drivers
3.9.1.1 Growing rollout of 5G deployment
3.9.1.2 The surge in IoT devices across various industries
3.9.1.3 Growing demand for low-latency applications
3.9.1.4 Increasing focus on data security and privacy
3.9.2 Industry pitfalls & challenges
3.9.2.1 Complexity in managing multiple nodes
3.9.2.2 High infrastructure cost
3.10 Growth potential analysis
3.11 Porter’s analysis
3.12 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
CHAPTER 5 MARKET ESTIMATES & FORECAST, BY COMPONENT, 2021 - 2032 ($BN)
5.1 Key trends
5.2 Hardware
5.2.1 Edge servers
5.2.2 Network equipment
5.2.3 IoT devices
5.3 Software
5.3.1 Edge orchestration software
5.3.2 Edge analytics software
5.3.3 Security software
5.3.4 Others
CHAPTER 6 MARKET ESTIMATES & FORECAST, BY DEPLOYMENT MODEL, 2021 - 2032 ($BN)
6.1 Key trends
6.2 Cloud-based
6.3 On-premises
CHAPTER 7 MARKET ESTIMATES & FORECAST, BY CONNECTIVITY, 2021 - 2032 ($BN)
7.1 Key trends
7.2 5G-enabled MEC
7.3 Wi-fi-based MEC
CHAPTER 8 MARKET ESTIMATES & FORECAST, BY APPLICATION, 2021 - 2032 ($BN)
8.1 Key trends
8.2 Network optimization
8.3 Real-time data processing
8.4 IoT and smart applications
8.5 Content delivery
8.6 Others
CHAPTER 9 MARKET ESTIMATES & FORECAST, BY END USER, 2021 - 2032 ($BN)
9.1 Key trends
9.2 Retail
9.3 Telecommunications
9.4 Manufacturing
9.5 Healthcare
9.6 Transportation & logistics
9.7 Government
9.8 Others
CHAPTER 10 MARKET ESTIMATES & FORECAST, BY REGION, 2021 - 2032 ($BN)
10.1 Key trends
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 Russia
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 ANZ
10.4.6 Southeast Asia
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.5.3 Argentina
10.6 MEA
10.6.1 South Africa
10.6.2 Saudi Arabia
10.6.3 UAE
CHAPTER 11 COMPANY PROFILES
11.1 ADLink Technology
11.2 Advantech Co. Ltd
11.3 Amazon Web Services Inc.
11.4 AT&T Inc.
11.5 Cisco Systems
11.6 Cloudflare, Inc.
11.7 Dell Inc.
11.8 EdgeConneX Inc.
11.9 Hewlett Packard Enterprise
11.10 Huawei Technologies
11.11 Intel Corp.
11.12 Juniper Networks
11.13 Mavenir Systems Inc.
11.14 Microsoft Corp.
11.15 Nokia Corp.
11.16 Radisys Corporation
11.17 Saguna Networks
11.18 Verizon Communications Inc.
11.19 VMware LLC.
11.20 ZTE Corp.
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates & calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimation
1.3 Forecast model
1.4 Primary research and validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definition
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry 360° synopsis, 2021 - 2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.2.1 Telecom operators
3.2.2 Cloud service providers
3.2.3 Hardware manufacturers
3.2.4 System integrators
3.2.5 End-user
3.3 Profit margin analysis
3.4 Cost breakdown analysis
3.4.1 Hydrogen storage system
3.4.2 Hydrogen refueling infrastructure
3.4.3 Maintenance & support
3.4.4 Others
3.5 Technology & innovation landscape
3.6 Patent analysis
3.7 Key news & initiatives
3.8 Regulatory landscape
3.9 Impact forces
3.9.1 Growth drivers
3.9.1.1 Growing rollout of 5G deployment
3.9.1.2 The surge in IoT devices across various industries
3.9.1.3 Growing demand for low-latency applications
3.9.1.4 Increasing focus on data security and privacy
3.9.2 Industry pitfalls & challenges
3.9.2.1 Complexity in managing multiple nodes
3.9.2.2 High infrastructure cost
3.10 Growth potential analysis
3.11 Porter’s analysis
3.12 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
CHAPTER 5 MARKET ESTIMATES & FORECAST, BY COMPONENT, 2021 - 2032 ($BN)
5.1 Key trends
5.2 Hardware
5.2.1 Edge servers
5.2.2 Network equipment
5.2.3 IoT devices
5.3 Software
5.3.1 Edge orchestration software
5.3.2 Edge analytics software
5.3.3 Security software
5.3.4 Others
CHAPTER 6 MARKET ESTIMATES & FORECAST, BY DEPLOYMENT MODEL, 2021 - 2032 ($BN)
6.1 Key trends
6.2 Cloud-based
6.3 On-premises
CHAPTER 7 MARKET ESTIMATES & FORECAST, BY CONNECTIVITY, 2021 - 2032 ($BN)
7.1 Key trends
7.2 5G-enabled MEC
7.3 Wi-fi-based MEC
CHAPTER 8 MARKET ESTIMATES & FORECAST, BY APPLICATION, 2021 - 2032 ($BN)
8.1 Key trends
8.2 Network optimization
8.3 Real-time data processing
8.4 IoT and smart applications
8.5 Content delivery
8.6 Others
CHAPTER 9 MARKET ESTIMATES & FORECAST, BY END USER, 2021 - 2032 ($BN)
9.1 Key trends
9.2 Retail
9.3 Telecommunications
9.4 Manufacturing
9.5 Healthcare
9.6 Transportation & logistics
9.7 Government
9.8 Others
CHAPTER 10 MARKET ESTIMATES & FORECAST, BY REGION, 2021 - 2032 ($BN)
10.1 Key trends
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 Russia
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 ANZ
10.4.6 Southeast Asia
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.5.3 Argentina
10.6 MEA
10.6.1 South Africa
10.6.2 Saudi Arabia
10.6.3 UAE
CHAPTER 11 COMPANY PROFILES
11.1 ADLink Technology
11.2 Advantech Co. Ltd
11.3 Amazon Web Services Inc.
11.4 AT&T Inc.
11.5 Cisco Systems
11.6 Cloudflare, Inc.
11.7 Dell Inc.
11.8 EdgeConneX Inc.
11.9 Hewlett Packard Enterprise
11.10 Huawei Technologies
11.11 Intel Corp.
11.12 Juniper Networks
11.13 Mavenir Systems Inc.
11.14 Microsoft Corp.
11.15 Nokia Corp.
11.16 Radisys Corporation
11.17 Saguna Networks
11.18 Verizon Communications Inc.
11.19 VMware LLC.
11.20 ZTE Corp.
