PUBLISHER: The Business Research Company | PRODUCT CODE: 1653118
PUBLISHER: The Business Research Company | PRODUCT CODE: 1653118
The multi-access edge computing market size has grown exponentially in recent years. It will grow from $6.57 billion in 2024 to $10.52 billion in 2025 at a compound annual growth rate (CAGR) of 60.2%. The growth in the historic period can be attributed to content delivery optimization, network congestion mitigation, improved user experience, low latency requirements, data analytics and insights.
Multi-access edge computing (MEC) refers to a network architecture type that provides IT service environments and cloud computing capabilities at the edge of the network. The primary goals of MEC include reducing latency, improving network management and service delivery effectiveness, and enhancing the overall customer experience.
The key components of multi-access edge computing include hardware, software, and services. Hardware components play a crucial role in applying edge computing across various industries, performing different tasks based on the software applications they support. Technologies associated with MEC encompass augmented reality, data caching, the Internet of Things (IoT), real-time video analytics, and virtual reality. MEC is utilized by organizations of varying sizes, including small and medium enterprises as well as large enterprises. Its applications span across sectors such as IT and telecom, smart cities, smart homes, smart buildings, data centers, energy and utilities, automotive, government, and others.
The multi-access edge computing research report is one of a series of new reports from The Business Research Company that provides multi-access edge computing statistics, including multi-access edge computing industry global market size, regional shares, competitors with multi-access edge computing share, detailed multi-access edge computing segments, market trends and opportunities, and any further data you may need to thrive in the multi-access edge computing industry. This multi-access edge computing research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The multi-access edge computing market size has grown exponentially in recent years. It will grow from $6.57 billion in 2024 to $10.52 billion in 2025 at a compound annual growth rate (CAGR) of 60.2%. The growth in the historic period can be attributed to content delivery optimization, network congestion mitigation, improved user experience, low latency requirements, data analytics and insights.
The multi-access edge computing market size is expected to see exponential growth in the next few years. It will grow to $68.92 billion in 2029 at a compound annual growth rate (CAGR) of 60.0%. The growth in the forecast period can be attributed to smart grids and energy management, network slicing optimization, edge-enabled healthcare solutions, open source MEC platforms. Major trends in the forecast period include industry-specific edge solutions, decentralized cloud architectures, edge-to-cloud orchestration, network slicing for customization, edge computing for autonomous systems, integration with IoT devices.
The growth of the multi-access edge computing (MEC) market is being driven by the rising number of connected devices. These devices encompass computing hardware, laptops, desktops, and mobile devices that connect to the internet and to each other through various wired and wireless networks. They facilitate a wide range of latency and bandwidth options. Consequently, MEC provides ultra-low latency and high bandwidth, enabling applications to leverage real-time radio network data. For example, in April 2024, the British Broadcasting Corporation, a UK-based broadcasting network, reported that the percentage of children aged five to seven using messaging services increased from 59% to 65%. The proportion of those on social media rose from 30% to 38%, while the use of livestreams grew from 39% to 50%. Furthermore, just over 40% of children are reported to be gaming online, up from 34% the previous year. Thus, the increasing number of connected devices is anticipated to further stimulate the growth of the multi-access edge computing industry in the future.
The multi-access edge computing (MEC) market is expected to grow due to the increasing adoption of cloud-based services. Cloud-based services, encompassing a variety of on-demand services delivered over the internet, generate high data traffic, necessitating efficient routing for optimized data transmission. MEC plays a crucial role in reducing latency for cloud services, improving the user experience for applications like video streaming and gaming. It enables dynamic scaling of resources, offloading processing to the edge, and integrating edge AI, enhancing efficiency and responsiveness. With global revenue from public cloud services reaching $545. 8 billion in 2022, indicating a significant growth of 22. 9%, the increasing adoption of cloud-based services is a key driver for the multi-access edge computing market.
Major companies in the multi-access edge computing market are focusing on developing innovative products. These innovations involve advancements in edge computing hardware and software solutions, providing faster processing, low-latency, and enhanced functionality to meet the diverse needs of IoT applications and 5G networks. For example, M1 Limited, a Singapore-based telecommunications company, collaborated with ST Engineering to launch Pinnacle, a multi-access edge computing (MEC) platform. Pinnacle, powered by M1's 5G network and ST Engineering's AGIL Edge Platform for 5G, offers real-time data processing, low latency, and high-performance services. It aims to empower enterprises with digital capabilities, enabling them to streamline operations and leverage technologies like augmented reality, virtual reality, live video analytics, and industrial IoT.
Major companies in the multi-access edge computing market are forming strategic partnerships to develop new products and strengthen their market positions. Strategic partnerships involve leveraging each other's strengths and resources to achieve mutual benefits and success. For instance, Tata Consultancy Services Limited, an India-based information technology company, collaborated with Microsoft Azure to launch the Enterprise 5G Edge suite of solutions. This suite combines TCS applications with Azure private MEC to create and operate an enterprise 5G edge ecosystem, offering applications for various industries. The partnership aims to deliver high-performance and ultra-low latency solutions for modern business needs.
In July 2024, Nscale, a UK-based company, announced its acquisition of Kontena for an undisclosed amount. This acquisition enhances Nscale's ability to deliver high-performance computing (HPC) and artificial intelligence (AI) infrastructure solutions. By incorporating Kontena's modular data center technology, Nscale can more efficiently and cost-effectively provide customized GPU clusters at scale for generative AI applications, giving it a competitive edge. Kontena, based in the Netherlands, specializes in high-density modular data centers and AI data center solutions.
Major companies operating in the multi-access edge computing market include ADLINK Technology Inc., Advantech Co. Ltd., Nokia Corporation, Cisco Systems Inc., International Business Machines Corporation (IBM Corporation), Huawei Technologies Co. Ltd., Juniper Networks Inc., Saguna Networks Ltd., SpiderCloud Wireless Inc., Vapor IO Inc., FogHorn Systems Inc., Vasona Networks, ZTE Corporation, Microsoft Corporation, Intel Corporation, Hewlett Packard Enterprise Development LP, Dell Technologies Inc., Ericsson AB, Fujitsu Limited, NEC Corporation, Lenovo Group Limited, AT&T Inc., Verizon Communications Inc., Deutsche Telekom AG, Orange S. A., Vodafone Group Plc, Telefonica S. A., China Mobile Communications Corporation, SK Telecom Co. Ltd., KT Corporation, LG Uplus Corp., Samsung Electronics Co. Ltd., PacketFabric LLC, EdgeConneX Inc., AlefEdge Inc., MobiledgeX Inc., Akamai Technologies Inc., ClearBlade Inc., Adapdix Corporation, Azion Technologies LLC, Phizzle Inc., Rigado LLC, Johnson Controls International plc, Equinix Inc., ADVA Optical Networking SE, Aruba Networks Inc., Avassa Inc., Amazon Web Services Inc., Cloudera Inc., Section. io Inc.
North America was the largest region in the multi-access edge computing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the multi-access edge computing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the multi-access edge computing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The multi-access edge computing market includes revenues earned by entities by providing solutions for automated processes for storing, analyzing, and processing data at the network's edge to enhance the real-time enterprise capabilities in IT service environment and cloud computing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Multi-Access Edge Computing Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on multi-access edge computing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for multi-access edge computing ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The multi-access edge computing market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.