The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

 

The Business Research Company’s Multi-Access Edge Computing Global Market Report 2024 offers crucial insights into the multi-access edge computing market help businesses analyse and build stronger strategies.

 

 

Exponential Growth Trajectory

• The multi-access edge computing market has experienced exponential growth.
• Expected to increase from $4.13 billion in 2023 to $6.67 billion in 2024, with a remarkable CAGR of 61.3%.
• Historical growth driven by content delivery optimization, low latency requirements, and data analytics.

 

 

Future Outlook

• Forecasted to soar to $43.12 billion in 2028, with a CAGR of 59.5%.
• Driven by smart grids, edge-enabled healthcare solutions, and open-source MEC platforms.
• Major trends include decentralized cloud architectures, edge-to-cloud orchestration, and integration with IoT devices.

 

 

Rising Number Of Connected Devices Fuels Growth In Multi-Access Edge Computing Market

Connected Device Surge

• Increase in connected devices fuels multi-access edge computing demand.
• Multi-access edge computing offers ultra-low latency and high bandwidth for real-time applications.
• Anticipated rise in IoT devices from 10 billion in 2021 to 25.4 billion by 2030.

 

 

Major Players

• ADLINK Technology Inc.
• Nokia Corporation
• Cisco Systems Inc.
• Huawei Technologies Co. Ltd.
• And others…

 

 

Read The Full Multi-Access Edge Computing Market Report Here:

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Product Innovations Transforming The Multi-Access Edge Computing Market

Innovative Solutions

• Major companies focus on developing cutting-edge products.
• Advancements in edge computing hardware and software solutions.
• Offerings cater to diverse needs of IoT applications and 5G networks.

 

 

Collaborative Ventures

• Example: M1 Limited and ST Engineering collaboration on the Pinnacle MEC platform.
• Pinnacle offers real-time data processing and high-performance services.
• Simplifies digital transformation for enterprises through 5G connectivity and scalable solutions.

 

 

Industry Acquisitions

• J Frog’s acquisition of Upswift to advance development-to-device platform.
• Upswift offers connected edge device management solutions for developers.

 

 

Market Segmentation

1. Component Type: Hardware, Software, Service
2. Organization Size: Small And Medium Enterprise, Large Enterprise
3. Technology: Augmented Reality, Data Caching, Internet of Things, Real-Time Video Analytics, Virtual Reality
4. End-User: IT And Telecom, Smart Cities, Smart Homes, Datacenters, Energy And Utilities, Automotive And Government, Other End Users

 

 

Regional Insights

• North America led the multi-access edge computing market in 2023.
• Asia-Pacific is expected to witness the fastest growth in the forecast period.

 

 

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The Multi-Access Edge Computing Global Market Report 2024 provides a comprehensive outlook of the multi-access edge computing market for the historic years (2010 -2021) and ten years forecast (2023 – 2032).The multi-access edge computing market forecast offers a thorough analysis onmulti-access edge computingmarket size, multi-access edge computing market share,prominent players and their strategies.

 

 

The Table Of Content For The Multi-Access Edge Computing Market Include:
1. Multi-Access Edge Computing Market Executive Summary
2. Multi-Access Edge Computing Market Segments
3. Multi-Access Edge Computing Market Size And Multi-Access Edge Computing Market Growth Rate
4. Key Multi-Access Edge Computing Market Trends
5. Major Multi-Access Edge Computing Market Drivers
……
25. Key Mergers And Acquisitions In The Multi-Access Edge Computing Market
26. Top Multi-Access Edge Computing Companies
27. Multi-Access Edge Computing Market Opportunities And Strategies
28. Multi-Access Edge Computing Market, Conclusions And Recommendations
29. Appendix

 

 

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