Selbyville, Delaware, Nov. 13, 2024 (GLOBE NEWSWIRE) --
The multi-access edge computing market valuation is predicted to reach USD 46.9 billion by 2032, reported in a research analysis by Global Market Insights Inc.
The deployment of 5G networks worldwide is a key factor driving the demand for MEC, as 5G’s ultra-low latency and high bandwidth necessitate real-time data processing close to users. MEC enables this localized processing at the edge of the network, reducing delays and enhancing efficiency for applications such as autonomous vehicles, smart cities, and augmented reality. With 5G adoption on the rise, the need for multi-access edge computing market solutions will continue to expand, supporting innovations in telemedicine, industrial automation, and next-generation entertainment.
The increasing development of smart cities and connected vehicle ecosystems is further boosting the demand for integrated edge computing solutions. Smart cities rely on real-time data from IoT devices to manage urban infrastructure efficiently, while connected vehicles require real-time processing for safety features and communication. Multi-access edge computing market ability to process data quickly and locally is essential for reducing latency and ensuring the responsiveness needed in these advanced systems.
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The multi-access edge computing market from the hardware segment accounted for USD 1.6 billion of the market and continues to evolve with a focus on edge-optimized solutions. Traditional data center hardware is being redesigned to meet the unique demands of edge computing, featuring more compact, rugged, and energy-efficient designs. Edge-specific processors, storage, and memory solutions are being developed for use in a variety of environments, from industrial facilities to remote locations. This trend toward optimized hardware is supporting broader deployments and enabling a wide range of new applications.
The market is also categorized by deployment models, with cloud-based solutions expected to reach over USD 35.7 billion by 2032. The growing popularity of serverless computing is driving cloud adoption, as it streamlines application development by eliminating the need for server management. This model enhances flexibility, scalability, and efficiency, particularly for event-driven applications, while reducing operational costs.
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North America dominated the multi-access edge computing market in 2023, accounting for around 43% of the market share. The region’s rapid adoption of 5G technology is fueling its growth, with a significant portion of global 5G connections originating in this region.
Partial chapters of report table of contents (TOC):
Chapter 1 Methodology & Scope
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates & calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimation
1.3 Forecast model
1.4 Primary research and validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definition
Chapter 2 Executive Summary
2.1 Industry 3600 synopsis, 2021 - 2032
Chapter 3 Multi-Access Edge Computing Market Insights
3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.2.1 Telecom operators
3.2.2 Cloud service providers
3.2.3 Hardware manufacturers
3.2.4 System integrators
3.2.5 End-user
3.3 Profit margin analysis
3.4 Cost breakdown analysis
3.4.1 Hydrogen storage system
3.4.2 Hydrogen refueling infrastructure
3.4.3 Maintenance & support
3.4.4 Others
3.5 Technology & innovation landscape
3.6 Patent analysis
3.7 Key news & initiatives
3.8 Regulatory landscape
3.9 Impact forces
3.9.1 Growth drivers
3.9.1.1 Growing rollout of 5G deployment
3.9.1.2 The surge in IoT devices across various industries
3.9.1.3 Growing demand for low-latency applications
3.9.1.4 Increasing focus on data security and privacy
3.9.2 Industry pitfalls & challenges
3.9.2.1 Complexity in managing multiple nodes
3.9.2.2 High infrastructure cost
3.10 Growth potential analysis
3.11 Porter’s analysis
3.12 PESTEL analysis
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
