Global Multi Access Edge Computing Market Size & Outlook
Global multi access edge computing market, 2018-2030 (US$M)
Related Markets
Global multi access edge computing market highlights
- The global multi access edge computing market generated a revenue of USD 3,387.9 million in 2023 and is expected to reach USD 55,409.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 49.1% by 2030.
- In terms of segment, software accounted for a revenue of USD 1,663.4 million in 2023.
- Software is the most lucrative solution segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 3,387.9 million |
| Market revenue in 2030 | USD 55,409.7 million |
| Growth rate | 49.1% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 41.0% of the global multi access edge computing market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, UK is the fastest growing regional market and is projected to reach USD 3,900.3 million by 2030.
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Multi Access Edge Computing Market Scope
Multi Access Edge Computing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global multi access edge computing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to multi access edge computing market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 49.1% in 2023. Horizon Databook has segmented the Global multi access edge computing market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Rising demand amongst consumers to gain access to personalized and premium content and changing lifestyle habits has resulted in a significant increase in mobile devices content consumption. This demand is promoting mobile networks to produce more video-based content, thus generating large chunks of user data, which can be leveraged to analyze and offer a better-personalized experience.
Furthermore, the rise in the number of mobile devices and the demand to meet user needs pushes service providers to improve their network infrastructure. Additionally, data transfer from its generation point to processing data center results in a reduction of bandwidth, which can be mitigated by adopting mobile edge computing technology.
Application of MEC for OTT media services offers several use-cases such as processing and caching video-on-demand content, broadcasting and processing local channels using LTE, and VR content streaming and processing. Minimization of congestion and reduced latency further enable effective utilization of bandwidth, enabling the driving the market forward.
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Our clientele includes a mix of multi access edge computing market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global multi access edge computing market , including forecasts for subscribers. This global databook contains high-level insights into Global multi access edge computing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global multi access edge computing market size, by regions, 2018-2030 (US$M)
Top 10 countries: Multi access edge computing market size, 2023 (US$M)
Global multi access edge computing market share, by solution, 2023 & 2030 (%, US$M)
Multi Access Edge Computing Market: Opportunity Assessment By Country
Global multi access edge computing market, by region, 2023 (US$M)
Related regional statistics
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