logo
logo
AI Products 

Multi-access Edge Computing Market Is Expected to Boom by 2032

avatar
Nidz B
Multi-access Edge Computing Market Is Expected to Boom by 2032

The global multi-access edge computing market was valued at $2.8 billion in 2022, and is projected to reach $102 billion by 2032, growing at a CAGR of 43.6% from 2023 to 2032. Multi-Access Edge Computing (MEC) is a rapidly evolving and disruptive technological market whose goal is to move networking, storage, and processing power closer to the network edge. MEC creates a distributed computing environment by enabling real-time, low-latency data processing and services. The convergence of cloud computing and telecommunications technologies to enable quicker and more effective data processing at network edges defines this sector. As a revolutionary change in data processing and service delivery, MEC is a vital market for facilitating the subsequent wave of digital transformation in various industries.


Request Sample Pages: https://www.alliedmarketresearch.com/request-sample/A06954


Surge in 5G network rollout drive the market growth. In addition, rise in adoption of IoT primarily drive the growth of the market. However, infrastructure costs and deployment challenges and concerns about security and privacy are primarily is expected to hamper the growth of the market. Furthermore, industry 4.0 and smart manufacturing is expected to create lucrative growth opportunities for the market.


Leading Key Players:


  • Hewlett Packard Enterprise Development LP
  • Juniper Networks, Inc.
  • Huawei Technologies Co., Ltd.
  • Adlink Technology Inc.
  • IBM
  • Intel Corporation
  • Advantech Co., Ltd.
  • Vapor Io.
  • Nokia
  • Saguna

The report analyzes these key players in the global multi-access edge computing market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, developments, and product portfolios of every market player.


Buy Now: https://www.alliedmarketresearch.com/multi-access-edge-computing-market/purchase-options


Region-wise, the multi-access edge computing market size was dominated by North America in 2022 and is expected to retain its position during the forecast period, owing to the growing need for applications requiring extremely low latency and real-time data processing is crucial for sectors like autonomous vehicles, smart cities, and augmented reality (AR)/virtual reality (VR) aiding the growth of the multi-access edge computing market. However, Asia Pacific is expected to witness significant growth during the multi-access edge computing market forecast period, owing to the growing use of 5G technology as well as the rapid growth of IoT devices and applications which is expected to fuel the market growth in this region.

collect
0
avatar
Nidz B
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more