PUBLISHER: KBV Research | PRODUCT CODE: 1709860
PUBLISHER: KBV Research | PRODUCT CODE: 1709860
The Latin America, Middle East and Africa 5G Edge Computing Market would witness market growth of 50.4% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA 5G Edge Computing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,389.3 million by 2031. The Argentina market is showcasing a CAGR of 51.5% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 49.2% during (2024 - 2031).
Telecom operators are at the forefront, investing heavily in 5G infrastructure and multi-access edge computing (MEC) solutions to enhance their service offerings. Companies like Verizon, Nokia, and Huawei have partnered with cloud providers such as AWS and Microsoft Azure to deploy 5G edge solutions, integrating them into existing networks to deliver low-latency services.
Enterprises across industries also adopt this technology to optimize operations and meet customer expectations. In North America, which holds a significant share of the market, adoption is driven by the presence of major technology hubs and early 5G rollouts. The Asia-Pacific region, however, is poised for the fastest growth, with countries like China, Japan, and India leading the charge.
The market is experiencing significant growth, driven by increasing data center investments, rising internet penetration, and expanding AI adoption across key global markets. The UAE has established itself as one of the largest data center hubs in the Middle East, with further investments expected to reach $1 billion by 2026. This rapid expansion creates a strong foundation for 5G edge computing by providing the infrastructure for low-latency applications, real-time processing, and cloud-edge integration. Saudi Arabia's internet penetration reached an impressive 98.6% in 2022, reflecting continuous digital adoption. With penetration rates of 98.1% in 2021 and 97.8% in 2020, the country has demonstrated a consistent rise in connectivity, a crucial enabler for 5G edge computing.
Brazil has witnessed exponential growth in AI investment, surpassing US$1 billion in spending in 2023, a 33% year-over-year increase. This surge in AI applications necessitates robust edge computing solutions to enable real-time data analysis and intelligent automation. In conclusion, the UAE, Brazil, and Saudi Arabia are emerging as critical players in the market due to their expanding digital infrastructure, AI investments, and growing connectivity.
Based on Solution, the market is segmented into Software, Services and Hardware. Based on End Use, the market is segmented into IT & Telecom, Datacenters, Automotive, Smart Cities, Smart Homes, & Smart Buildings, Healthcare, Energy & Utilities, and Other End Use. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
LAMEA 5G Edge Computing Market Report Segmentation
By Solution
By End Use
By Country