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Primary Catalyst Driving Multi-Access Edge Computing Market Share Evolution in 2025: Rising Number Of Connected Devices Fuels Growth In Multi-Access Edge Computing Market Share Driver
Multi-Access Edge Computing Market Share
The rise in connected devices is aiding the expansion of the multi-access edge computing (MEC) industry. These connected devices encompass computing hardware, laptops or desktops, and mobile devices that interconnect via the internet as well as through diverse wired and wireless networks. These devices offer a broad spectrum of latency and bandwidth. Thus, they utilize MEC that delivers ultra-low latency and elevated bandwidth, simultaneously enabling applications to utilize real-time radio network data. For instance, as per the British Broadcasting Corporation in April 2024, there was noted an uptick in the percentage of five to seven-year-old children utilizing messaging services from 59% to 65%. The demographics also witnessed a rise in social media usage from 30% to 38% and an increase in live streams usage from 39% to 50%. Additionally, the number of online gamers also surged to slightly above 40% from last year's 34%. Therefore, the escalation in connected devices is projected to bolster the growth of the MEC industry in the future.
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What is the future CAGR of the multi-access edge computing Market Share, and how will it impact industry expansion?
In the last few years, the Market Share size of multi-access edge computing has seen an explosive growth. The Market Share is projected to expand from a size of $6.57 billion in 2024 to $10.52 billion by 2025, demonstrating a compound annual growth rate (CAGR) of 60.2%. Factors contributing to the historical period growth include optimization of content delivery, alleviation of network congestion, enhanced user experience, the need for lower latency, and the use of data analytics and insights.
In the upcoming years, the Market Share size of multi-access edge computing is projected to experience tremendous expansion. It is predicted to increase to a value of $68.92 billion by 2029, with a compound annual growth rate (CAGR) of 60.0%. The advancement during the forecast period can be ascribed to factors such as smart grids and energy management, network slicing optimization, edge-powered healthcare solutions, and open-source MEC platforms. Notable trends predicting for the forecast period encompass industry-specific edge solutions, decentralized cloud structures, edge-to-cloud orchestration, network slicing for customization, edge computing for autonomous systems, and amalgamation with IoT devices.
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What are the most significant trends transforming the multi-access edge computing Market Share today?
Main players in the multi-access edge computing Market Share are pioneering innovative products to maintain a robust presence in the industry. These product enhancements include progressions in edge computing hardware and software solutions, delivering quicker processing, low-latency, and improved functionality to meet the varied requirements of IoT applications and 5G networks. For example, in July 2023, M1 Limited, a telecom company from Singapore, introduced Pinnacle, a multi-access edge computing (MEC) platform, in conjunction with ST Engineering, a global technology and engineering collective from Singapore. Pinnacle, powered by M1's dedicated 5G network and ST Engineering's AGIL Edge Platform for 5G, is designed to equip businesses with novel digital competencies. It provides on-the-spot data processing, low latency, and superior performance services, helping businesses to optimize operations and tap into the powers of technologies such as augmented reality, virtual reality, live video analytics, and industrial IoT. Additionally, Pinnacle offers 5G connectivity, scalable industry solutions, and comprehensive servicing, making digital transformation easier for enterprises.
Which key Market Share segments comprise the multi-access edge computing Market Share and drive its revenue growth?
The multi-access edge computing Market Share covered in this report is segmented -
1) By Component Type: Hardware, Software, Service
2) By Organization Size: Small And Medium Enterprise, Large Enterprise
3) By Technology: Augmented Reality, Data Caching, Internet Of Things, Real Time Video Analytics, Virtual Reality
4) By End-User: IT And Telecom, Smart Cities, Smart Homes, And Smart Buildings, Datacenters, Energy And Utilities, Automotive And Government, Other End Users
Subsegments:
1) By Hardware: Edge Servers, Gateways, Network Devices, Storage Devices
2) By Software: Edge Application Development Platforms, Edge Management Software, Security Software, Analytics And Monitoring Software
3) By Service: Consulting Services, Integration Services, Support And Maintenance Services, Managed Services
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What regions are at the forefront of multi-access edge computing Market Share expansion?
North America was the largest region in the multi-access edge computing Market Share 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 Share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the multi-access edge computing Market Share?
Major companies operating in the multi-access edge computing Market Share 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.
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What Is Covered In The Multi-Access Edge Computing Global Market Share Report?
•Market Share Size Forecast: Examine the multi-access edge computing Market Share size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the multi-access edge computing Market Share for a structured understanding.
•Key Players Overview: Analyze major players in the multi-access edge computing Market Share, including their Market Share value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the multi-access edge computing Market Share.
•Segment Contributions: Evaluate how different segments drive overall growth in the multi-access edge computing Market Share.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the multi-access edge computing Market Share.
•Industry Challenges: Identify potential risks and obstacles affecting the multi-access edge computing Market Share.
•Competitive Landscape: Review strategic developments in the multi-access edge computing Market Share, including expansions, agreements, and new product launches.
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