New trending report on Multi Access Edge Computing Market Trend and Forecast till 2029

Multi Access Edge Computing Market Value and CAGR

MEC is a distributed computing architecture that brings cloud computing and IT services closer to end-users and their devices. It is intended to provide ultra-low latency and high-bandwidth services to mobile and Internet of Things (IoT) devices by locating computing resources closer to the source of the data.

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The global multi-access edge computing (MEC) market was valued at approximately USD 2.2 billion in 2020, with a (CAGR) of around 35% projected from 2021 to 2029. MEC is a technology that enables cloud computing and an IT service environment at the cellular network's edge. For mobile and internet of things devices, this technology can provide ultra-low latency and high-bandwidth services.

Multi Access Edge Computing Market Growth Drivers and Risks

Market Growth Factors:

• Increasing demand for low-latency and high-bandwidth services: As IoT devices proliferate and the need for real-time data processing grows, so does the demand for low-latency and high-bandwidth services. MEC can meet this demand by bringing cloud computing capabilities closer to the network's edge.
• 5G network deployment is expected to accelerate MEC adoption, as 5G networks require more computing power at the edge to handle increased data traffic and provide low-latency services.

Market Risks and Difficulties:

• Security concerns: Because MEC involves the processing and storage of sensitive data at the network's edge, there are concerns about the data's security and privacy.
• Lack of standards: A lack of common standards for MEC implementation can impede interoperability and limit the technology's scalability.

Multi Access Edge Computing Market Keyplayers

By Company

• Adlink Technology Inc.
• Advantech Co.Ltd.
• FogHorn Systems
• HPE
• Huawei Technologies Co. Ltd.

Multi Access Edge Computing Market Segmentations

By Solution

• Hardware
• Software
• Services

By End-User

• IT & Telecom
• Smart Cities
• Smart Homes & Smart Buildings
• Data Centres
• Energy & Utilities
• Automotive
• Others

Table of content

1. Preface

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. Target Audience

1.1.3. USP and Key Offerings

1.2. Research Scope

1.3. Research Methodology

1.3.1. Phase I – Secondary Research

1.3.2. Phase II – Primary Research

1.3.3. Phase III – Expert Panel Review

1.3.4. Approach Adopted

1.3.4.1. Top-Down Approach

1.3.4.2. Bottom-Up Approach

1.3.5. Assumptions

1.4. Market Introduction

1.5. Market Research Scope

2. Executive Summary

2.1. Market Snapshot: Global Multi-Access Edge Computing Market

2.2. Global Multi-Access Edge Computing Market, By Solution

2.3. Global Multi-Access Edge Computing Market, By End-Use

2.4. Global Multi-Access Edge Computing Market, By Region

3. Market Dynamics & Factors Analysis

3.1. Introduction

3.1.1. Global Multi-Access Edge Computing Market Value, 2023-2030, (US$ Bn)

3.1.2. Y-o-Y Growth Trend Analysis

3.2. Market Dynamics

3.2.1. Market Drivers

3.2.2. Market Restraints

3.2.3. Market Opportunities

3.2.4. Major Industry Challenges

3.3. Growth and Development Patterns

3.4. Investment Feasibility Analysis

3.5. Market Opportunity Analysis

3.5.1. Solution

3.5.2. End-Use

3.5.3. Geography

4. Premium Insights

4.1. STAR (Situation, Task, Action, Results) Analysis

4.2. Porter’s Five Forces Analysis

4.2.1. Threat of New Entrants

4.2.2. Bargaining Power of Buyers/Consumers

4.2.3. Bargaining Power of Suppliers

4.2.4. Threat of Substitute Solutions

4.2.5. Intensity of Competitive Rivalry

4.3. Key Market Trends

4.3.1. Demand Side Trends

4.3.2. Supply Side Trends

4.4. Value Chain Analysis

4.5. Technology Analysis

4.6. Analysis and Recommendations

4.7. Marketing Strategy Analysis

4.7.1. Direct Marketing

4.7.2. Indirect Marketing

4.7.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2022

5.1. Company market share of key players, 2022

5.2. Competitive Benchmarking

5.3. Market Positioning of Key Vendors

5.4. Geographical Presence Analysis

5.5. Major Strategies Adopted by Key Players

5.5.1. Key Strategies Analysis

5.5.2. Mergers and Acquisitions

5.5.3. Partnerships

5.5.4. Solution Launch

5.5.5. Geographical Expansion

5.5.6. Others

6. Economic Impact Analysis

6.1. Recession Impact

6.1.1. North America

6.1.2. Europe

6.1.3. Asia Pacific

6.1.4. Latin America

6.1.5. Middle East and Africa

6.2. Ukraine-Russia War Impact

6.2.1. North America

6.2.2. Europe

6.2.3. Asia Pacific

6.2.4. Latin America

6.2.5. Middle East and Africa

6.3. COVID-19 Impact Analysis

6.3.1. North America

6.3.2. Europe

6.3.3. Asia Pacific

6.3.4. Latin America

6.3.5. Middle East and Africa

Toc Continue………………………..

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