Report Code: CMI20961

Published Date: November 2022

Pages: 220+

Category: Technology

Report Snapshot

CAGR: 47.5%
1,955M
2021
2522M
2022
55,415M
2030

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • ADLINK Technology Inc.
  • Advantech Co. Ltd.
  • Huawei Technologies Co. Ltd.
  • Juniper Networks Inc.
  • SAGUNA
  • Others

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Reports Description

According to Custom Market Insights (CMI), The Global Multi-Access Edge Computing Market size was estimated at USD 1,955 million in 2021 and is expected to reach USD 2522 million in 2022 and is expected to hit around USD 55,415 million by 2030, poised to grow at a compound annual growth rate (CAGR) of 47.5% from 2022 to 2030.

Our recently published report, “Multi-Access Edge Computing Market”, offers a comprehensive and deep evaluation of the market stature. Also, the market report estimates the market size, revenue, price, market share, market forecast, growth rate, and competitive analysis. 

Multi-Access Edge Computing Market: Overview

Application developers and content providers at the edge of a network can use cloud computing capabilities and an IT service environment owing to multi-access edge computing. Additionally, multi-access edge computing provides a value chain and ecosystem for distributing high-bandwidth, low-latency applications. Its goal is to define a set of application programming interfaces (APIs) that enables the creation of virtual network functions and is capable of meeting all requirements of a mobile communication network, including security, portability, and orchestration. It is entirely composed from a software point of view. The primary force driving market expansion is the growing reliance on the Internet of Things devices by centralized cloud computing and storage solutions. However, moving IT infrastructure to the cloud concerns latency and cost feasibility. Due to this, many industries that use IoT actuators, sensors, and other devices are closely considering edge computing possibilities, including edge nodes, devices, and hyper-localized data centers.

Multi-Access Edge Computing Market: COVID – 19 Impact Analysis

Global economies have been significantly impacted by the COVID-19 pandemic. For several industries, COVID-19 has created some difficulties. Due to the considerable slowdown in the global and U.S. tech markets in 2020, major countries, including the US, reduced their ICT investment in the first half of 2020, which is projected to have a negative effect on the growth of the multi-access edge computing market in the forecasted years. Additionally, spending on tech consulting and system integration services temporarily decreased. However, businesses across a range of sectors already realize the benefits and value of multi-access edge computing, which is said to have aided them during the epidemic. It is therefore anticipated that some business owners will start stepping up their efforts to transform their organizations digitally and will begin investing aggressively in IT and cloud resources in the upcoming year, which will present lucrative opportunities for the multi-access edge computing market.

Multi-Access Edge Computing Market: Growth Drivers

An increasing number of IoT devices accelerates the market’s growth

It is projected that the proliferation of IoT devices and the growing need for real-time analysis of data generated would accelerate the MEC market’s expansion (multi-access edge computing). Due to the deployment of virtual machines from the network edge to cloud computing centers, multi-access edge computing deployment also enables the management of resource operation and improvement of routing and computing loads. Utilizing this technology in the IoT can ease the burden on cloud networks and result in decreased energy consumption, which is predicted to present the market with considerable potential prospects.

Multi-access edge computing applications 

A wide range of end-user sectors, including data centers, intelligent cities, smart homes, smart buildings, IT & telecom, healthcare, automotive, and agriculture, have enhanced the use of multi-access edge computing during the past several years. The tool assists businesses in achieving quicker decision-making processes. Therefore, throughout the projected years, expanding the use of this knowledge is anticipated to result in higher sales in the worldwide multi-access edge computing market. 

Increasing demand for augmented and virtual reality optimization

The need for delivering better experiences using virtual, augmented, and mixed reality is growing due to technology improvements and the need to increase bandwidth to improve 5G capabilities. Therefore, these integrations will provide the multi-access edge computing market with various options. In addition, to enhance the existing watching experience, some industries, including broadcasting, sports, and entertainment, anticipate the integration of multi-access edge computing with augmented reality and virtual reality.

Global Multi-Access Edge Computing Market 2023–2032 (By Component)

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Multi-Access Edge Computing Market: Segmentation Analysis

The multi-access edge computing market is segmented into component and end-use. Based on this part, the software segment is estimated to lead the market during the forecast period. The requirement for software that adheres to the existing MEC architecture increases as more IoT devices is integrated into an ecosystem built on multi-access edge computing. Furthermore, to practice content management, distributed processing, and multi-level load-balancing, it is becoming more and more necessary to use software following the current environment, which assists in expanding the software market.

Over the projection period, the hardware category is anticipated to grow consistently. Because IoT devices lighten the load on clouds and data centers, the hardware sector retains a sizable market share. In addition, the edge computing gear must meet the required specifications, frequently deployed in challenging environmental circumstances. The local data centers, edge gateways, and devices for rapid decision-making are part of the multi-access edge computing market’s edge computers outfitted with performance accelerators for real-time data processing.

By end use, the data center segment is anticipated to dominate the market during the forecast period. The multi-access edge computing architecture, which offered more flexibility in the use of data centers, is responsible for this increase. Additionally, networks and operators can use an agile strategy to improve infrastructures and environments based on a distributed architecture thanks to changing patterns in the employment of data centers. Micro data centers based on MECs are also expected to hasten the paradigm change in data center employment practices.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 1,955 Million
Projected Market Size in 2030 USD 55,415 Million
Market Size in 2022 USD 2522 Million
CAGR Growth Rate 47.5% CAGR (2022-2030)
Base Year 2023
Forecast Period 2024-2033
Prominent Players ADLINK Technology Inc., Advantech Co. Ltd., Huawei Technologies Co. Ltd., Juniper Networks Inc., SAGUNA, SMART Embedded Computing, FogHorn Systems, Hewlett Packard Enterprise Development LP, Vapor IO, Skyvera, and Others
Key Segment By Component, End Use, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfill your requirements for research.

Key Insights: 

  • The software segment is estimated to hold the largest market share during the forecast period based on component segmentation.
  • Based on end-use segmentation, the data center segment is the leading revenue-generating category during the forecast period.
  • Based on geography/region, the North American part was the leading revenue generator in 2021.

Recent Development

  • August 2021: Capital Online, a primary provider of data centers and cloud services, and Juniper Networks worked together. Capital Online selected Juniper Networks as part of this partnership to create an enlarged network infrastructure to support its rapidly expanding cloud business and to automate network operations management.
  • April 2021: A Memorandum of Understanding (MoU) was signed by Globe Telecom, the top mobile network provider in the Philippines, and Hewlett Packard Enterprise. This MoU aims to use HPE’s most recent Multi-access Edge Compute (MEC) technology to deliver low-latency cloud services at the network’s edge.

Regional Landscape

Throughout the projection period, North America is expected to continue to be among the most alluring markets, and this region is accounted for the majority revenue share in the market. Government initiatives in the area, such as the 5G fast plan and an increase in the installation of data centers that provide integrated edge computing, as well as 5G plans, are what is driving the market growth in the region and account for a sizable portion of market share in the North American area.

In 2021, the Asia Pacific region attracted a significant revenue share. Businesses in the area provide solutions that strengthen MEC architecture for commercial services by fusing cloud computing with edge computing capabilities. Significant telecommunications firms have begun establishing regional edge centers, including China Unicom (Hong Kong) Limited, China Mobile Limited, and China Telecom Corporation Limited. These companies are engaged in large-scale edge-cloud network construction and are working on MEC pilot projects. Such actions by top industry leaders are helping the regional market expand.

Competitive Landscape

Our report offers quantitative and qualitative insights into the WebRTC market and significant development initiatives the key players adopt. Further, it provides competitive details and market share analysis. The report further includes relevant financial information, products and services offered, SWOT analysis, and the players’ recent developments.

Global Multi-Access Edge Computing Market 2023–2032 (By Million)

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Prominent Players:

  • ADLINK Technology Inc.
  • Advantech Co. Ltd.
  • Huawei Technologies Co. Ltd.
  • Juniper Networks Inc.
  • SAGUNA
  • SMART Embedded Computing
  • FogHorn Systems
  • Hewlett Packard Enterprise Development LP
  • Vapor IO
  • Skyvera

The global Multi-access edge computing market is segmented as follows:

By Component

  • Hardware
  • Software
  • Services

By End Use

  • IT & Telecom
  • Smart Cities, Smart Homes, & Smart Buildings
  • Datacenters
  • Energy & Utilities
  • Automotive
  • Others

On the basis of Geography

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Multi-Access Edge Computing Market, (2022 – 2030) (USD Million)
    • 2.2 Global Multi-Access Edge Computing Market : snapshot
  • Chapter 3. Global Multi-Access Edge Computing Market – Industry Analysis
    • 3.1 Multi-Access Edge Computing Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increasing number of IoT devices to accelerate the market’s growth
      • 3.2.2 Increasing demand for augmented and virtual reality optimization
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Component
      • 3.7.2 Market attractiveness analysis By End Use
  • Chapter 4. Global Multi-Access Edge Computing Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Multi-Access Edge Computing Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Multi-Access Edge Computing Market – Component Analysis
    • 5.1 Global Multi-Access Edge Computing Market overview: By Component
      • 5.1.1 Global Multi-Access Edge Computing Market share, By Component, 2021 and 2030
    • 5.2 Hardware
      • 5.2.1 Global Multi-Access Edge Computing Market by Hardware, 2022 – 2030 (USD Million)
    • 5.3 Software
      • 5.3.1 Global Multi-Access Edge Computing Market by Software, 2022 – 2030 (USD Million)
    • 5.4 Services
      • 5.4.1 Global Multi-Access Edge Computing Market by Services, 2022 – 2030 (USD Million)
  • Chapter 6. Global Multi-Access Edge Computing Market – End Use Analysis
    • 6.1 Global Multi-Access Edge Computing Market overview: By End Use
      • 6.1.1 Global Multi-Access Edge Computing Market share, By End Use, 2021 and 2030
    • 6.2 IT & Telecom
      • 6.2.1 Global Multi-Access Edge Computing Market by IT & Telecom, 2022 – 2030 (USD Million)
    • 6.3 Smart Cities, Smart Homes, & Smart Buildings
      • 6.3.1 Global Multi-Access Edge Computing Market by Smart Cities, Smart Homes, & Smart Buildings, 2022 – 2030 (USD Million)
    • 6.4 Datacenters
      • 6.4.1 Global Multi-Access Edge Computing Market by Datacenters, 2022 – 2030 (USD Million)
    • 6.5 Energy & Utilities
      • 6.5.1 Global Multi-Access Edge Computing Market by Energy & Utilities, 2022 – 2030 (USD Million)
    • 6.6 Automotive
      • 6.6.1 Global Multi-Access Edge Computing Market by Automotive, 2022 – 2030 (USD Million)
    • 6.7 Others
      • 6.7.1 Global Multi-Access Edge Computing Market by Others, 2022 – 2030 (USD Million)
  • Chapter 7. Multi-Access Edge Computing Market – Regional Analysis
    • 7.1 Global Multi-Access Edge Computing Market Regional Overview
    • 7.2 Global Multi-Access Edge Computing Market Share, by Region, 2021 & 2030 (USD Million)
    • 7.3. North America
      • 7.3.1 North America Multi-Access Edge Computing Market, 2022 – 2030 (USD Million)
        • 7.3.1.1 North America Multi-Access Edge Computing Market, by Country, 2022 – 2030 (USD Million)
    • 7.4 North America Multi-Access Edge Computing Market, by Component, 2022 – 2030
      • 7.4.1 North America Multi-Access Edge Computing Market, by Component, 2022 – 2030 (USD Million)
    • 7.5 North America Multi-Access Edge Computing Market, by End Use, 2022 – 2030
      • 7.5.1 North America Multi-Access Edge Computing Market, by End Use, 2022 – 2030 (USD Million)
    • 7.6. Europe
      • 7.6.1 Europe Multi-Access Edge Computing Market, 2022 – 2030 (USD Million)
        • 7.6.1.1 Europe Multi-Access Edge Computing Market, by Country, 2022 – 2030 (USD Million)
    • 7.7 Europe Multi-Access Edge Computing Market, by Component, 2022 – 2030
      • 7.7.1 Europe Multi-Access Edge Computing Market, by Component, 2022 – 2030 (USD Million)
    • 7.8 Europe Multi-Access Edge Computing Market, by End Use, 2022 – 2030
      • 7.8.1 Europe Multi-Access Edge Computing Market, by End Use, 2022 – 2030 (USD Million)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Multi-Access Edge Computing Market, 2022 – 2030 (USD Million)
        • 7.9.1.1 Asia Pacific Multi-Access Edge Computing Market, by Country, 2022 – 2030 (USD Million)
    • 7.10 Asia Pacific Multi-Access Edge Computing Market, by Component, 2022 – 2030
      • 7.10.1 Asia Pacific Multi-Access Edge Computing Market, by Component, 2022 – 2030 (USD Million)
    • 7.11 Asia Pacific Multi-Access Edge Computing Market, by End Use, 2022 – 2030
      • 7.11.1 Asia Pacific Multi-Access Edge Computing Market, by End Use, 2022 – 2030 (USD Million)
    • 7.12. Latin America
      • 7.12.1 Latin America Multi-Access Edge Computing Market, 2022 – 2030 (USD Million)
        • 7.12.1.1 Latin America Multi-Access Edge Computing Market, by Country, 2022 – 2030 (USD Million)
    • 7.13 Latin America Multi-Access Edge Computing Market, by Component, 2022 – 2030
      • 7.13.1 Latin America Multi-Access Edge Computing Market, by Component, 2022 – 2030 (USD Million)
    • 7.14 Latin America Multi-Access Edge Computing Market, by End Use, 2022 – 2030
      • 7.14.1 Latin America Multi-Access Edge Computing Market, by End Use, 2022 – 2030 (USD Million)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Multi-Access Edge Computing Market, 2022 – 2030 (USD Million)
        • 7.15.1.1 The Middle-East and Africa Multi-Access Edge Computing Market, by Country, 2022 – 2030 (USD Million)
    • 7.16 The Middle-East and Africa Multi-Access Edge Computing Market, by Component, 2022 – 2030
      • 7.16.1 The Middle-East and Africa Multi-Access Edge Computing Market, by Component, 2022 – 2030 (USD Million)
    • 7.17 The Middle-East and Africa Multi-Access Edge Computing Market, by End Use, 2022 – 2030
      • 7.17.1 The Middle-East and Africa Multi-Access Edge Computing Market, by End Use, 2022 – 2030 (USD Million)
  • Chapter 8. Company Profiles
    • 8.1 ADLINK Technology Inc.
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Advantech Co. Ltd.
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Huawei Technologies Co. Ltd.
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Juniper Networks Inc.
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 SAGUNA
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 SMART Embedded Computing
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 FogHorn Systems
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Hewlett Packard Enterprise Development LP
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Vapor IO
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Skyvera
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
List Of Figures

Figures No 1 to 23

List Of Tables

Tables No 1 to 52

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Players:

  • ADLINK Technology Inc.
  • Advantech Co. Ltd.
  • Huawei Technologies Co. Ltd.
  • Juniper Networks Inc.
  • SAGUNA
  • SMART Embedded Computing
  • FogHorn Systems
  • Hewlett Packard Enterprise Development LP
  • Vapor IO
  • Skyvera
  • Others

FAQs

“North America” region will lead the global Multi-Access Edge Computing market during the forecast period 2022 to 2030.

The key factors driving the market are increasing number of IoT devices to accelerate the market’s growth and increasing demand for augmented and virtual reality optimization.

The key players operating in the Multi-Access Edge Computing market are ADLINK Technology Inc., Advantech Co. Ltd., Huawei Technologies Co. Ltd., Juniper Networks Inc., SAGUNA, SMART Embedded Computing, FogHorn Systems, Hewlett Packard Enterprise Development LP, Vapor IO, Skyvera

The global Multi-Access Edge Computing market is expanding growth with a CAGR of approximately 47.5% during the forecast period (2022 to 2030).

The global Multi-Access Edge Computing market size was valued at USD 1,955 million in 2021 and it is projected to reach around USD 55,415 million by 2030.

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