Global Multi-Access Edge Computing (MEC) Market Size study, by Component (Hardware, Software, Services), by End User (IT and Telecom, Manufacturing, Retail, Healthcare, Automotive, Smart Cities, Smart Homes and Smart Buildings, Others) and Regional Forecasts 2022-2032
Global Multi-Access Edge Computing (MEC) Market is valued at approximately USD 4.02 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 43.6% over the forecast period... もっと見る
SummaryGlobal Multi-Access Edge Computing (MEC) Market is valued at approximately USD 4.02 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 43.6% over the forecast period 2024-2032. Multi-Access Edge Computing (MEC) is a vital element of edge computing that has gained substantial popularity as businesses look to harness the unparalleled potential of edge computing for low-latency, real-time data processing. The MEC market has rapidly expanded due to the increasing demand to process data closer to its source, which minimizes latency and improves reaction times. This demand is significantly driven by the proliferation of Industry 4.0, 5G, and IoT networks. The market has witnessed increased edge deployments across various industries, with the development of 5G networks being a crucial factor.The surge in 5G network rollout and the rising adoption of IoT are primary drivers for the growth of the MEC market. However, infrastructure costs and deployment challenges, coupled with concerns about security and privacy, hinder market growth. Nevertheless, the advancement of Industry 4.0 and smart manufacturing presents lucrative opportunities for market growth during the forecast period. The high bandwidth and low latency characteristics of 5G have significantly enhanced the efficiency of MEC. Telecom providers are investing in MEC to support applications such as autonomous vehicles, augmented reality (AR), and virtual reality (VR). Moreover, the expansion of IoT, with billions of devices requiring real-time data processing, has fueled the growth of MEC. MEC facilitates rapid decision-making at the edge, thereby boosting the effectiveness of IoT applications in industries like logistics, smart cities, and healthcare. However, the increasing deployments of MEC have underscored the importance of security and privacy. Businesses are investing in robust security solutions to protect sensitive data and edge devices, with data sovereignty and privacy compliance being particularly crucial in sectors such as finance and healthcare. The key regions considered for the global Multi-Access Edge Computing (MEC) Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the MEC market in 2023, a trend expected to continue throughout the forecast period due to the growing need for applications requiring extremely low latency and real-time data processing in sectors like autonomous vehicles, smart cities, and AR/VR. Conversely, Asia Pacific is anticipated to witness significant growth during the forecast period, driven by the adoption of 5G technology and the rapid expansion of IoT devices and applications in the region. Major market players included in this report are: Juniper Networks, Inc. IBM ADLINK Technology Inc. Advantech Co., Ltd. Hewlett Packard Enterprise Development LP Huawei Technologies Co., Ltd. Nokia SAGUNA Vapor IO. Intel Corporation The detailed segments and sub-segment of the market are explained below: By Component • Hardware • Software • Services By End User • IT and Telecom • Manufacturing • Retail • Healthcare • Automotive • Smart Cities, Smart Homes, and Smart Buildings • Others By Region: North America • U.S. • Canada Europe • UK • Germany • France • Spain • Italy • ROE Asia Pacific • China • India • Japan • Australia • South Korea • RoAPAC Latin America • Brazil • Mexico • RoLA Middle East & Africa • Saudi Arabia • South Africa • RoMEA Years considered for the study are as follows: • Historical year – 2022 • Base year – 2023 • Forecast period – 2024 to 2032 Key Takeaways: • Market Estimates & Forecast for 10 years from 2022 to 2032. • Annualized revenues and regional level analysis for each market segment. • Detailed analysis of geographical landscape with Country level analysis of major regions. • Competitive landscape with information on major players in the market. • Analysis of key business strategies and recommendations on future market approach. • Analysis of competitive structure of the market. • Demand side and supply side analysis of the market. Table of ContentsChapter 1. Global Multi-Access Edge Computing (MEC) Market Executive Summary1.1. Global Multi-Access Edge Computing (MEC) Market Size & Forecast (2022-2032) 1.2. Regional Summary 1.3. Segmental Summary 1.3.1. By Component 1.3.2. By End User 1.4. Key Trends 1.5. Recession Impact 1.6. Analyst Recommendation & Conclusion Chapter 2. Global Multi-Access Edge Computing (MEC) Market Definition and Research Assumptions 2.1. Research Objective 2.2. Market Definition 2.3. Research Assumptions 2.3.1. Inclusion & Exclusion 2.3.2. Limitations 2.3.3. Supply Side Analysis 2.3.3.1. Availability 2.3.3.2. Infrastructure 2.3.3.3. Regulatory Environment 2.3.3.4. Market Competition 2.3.3.5. Economic Viability (Consumer’s Perspective) 2.3.4. Demand Side Analysis 2.3.4.1. Regulatory frameworks 2.3.4.2. Technological Advancements 2.3.4.3. Environmental Considerations 2.3.4.4. Consumer Awareness & Acceptance 2.4. Estimation Methodology 2.5. Years Considered for the Study 2.6. Currency Conversion Rates Chapter 3. Global Multi-Access Edge Computing (MEC) Market Dynamics 3.1. Market Drivers 3.1.1. 5G Network Rollout 3.1.2. Rise in Adoption of IoT 3.1.3. Industry 4.0 and Smart Manufacturing 3.2. Market Challenges 3.2.1. Infrastructure Costs and Deployment Challenges 3.2.2. Security and Privacy Concerns 3.3. Market Opportunities 3.3.1. Advancements in Edge Computing Technology 3.3.2. Integration with Emerging Technologies (AI, Machine Learning) Chapter 4. Global Multi-Access Edge Computing (MEC) Market Industry Analysis 4.1. Porter’s 5 Force Model 4.1.1. Bargaining Power of Suppliers 4.1.2. Bargaining Power of Buyers 4.1.3. Threat of New Entrants 4.1.4. Threat of Substitutes 4.1.5. Competitive Rivalry 4.1.6. Futuristic Approach to Porter’s 5 Force Model 4.1.7. Porter’s 5 Force Impact Analysis 4.2. PESTEL Analysis 4.2.1. Political 4.2.2. Economical 4.2.3. Social 4.2.4. Technological 4.2.5. Environmental 4.2.6. Legal 4.3. Top investment opportunity 4.4. Top winning strategies 4.5. Disruptive Trends 4.6. Industry Expert Perspective 4.7. Analyst Recommendation & Conclusion Chapter 5. Global Multi-Access Edge Computing (MEC) Market Size & Forecasts by Component 2022-2032 5.1. Segment Dashboard 5.2. Global Multi-Access Edge Computing (MEC) Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Billion) 5.2.1. Hardware 5.2.2. Software 5.2.3. Services Chapter 6. Global Multi-Access Edge Computing (MEC) Market Size & Forecasts by End User 2022-2032 6.1. Segment Dashboard 6.2. Global Multi-Access Edge Computing (MEC) Market: End User Revenue Trend Analysis, 2022 & 2032 (USD Billion) 6.2.1. IT and Telecom 6.2.2. Manufacturing 6.2.3. Retail 6.2.4. Healthcare 6.2.5. Automotive 6.2.6. Smart Cities, Smart Homes, and Smart Buildings 6.2.7. Others Chapter 7. Global Multi-Access Edge Computing (MEC) Market Size & Forecasts by Region 2022-2032 7.1. North America Multi-Access Edge Computing (MEC) Market 7.1.1. U.S. Multi-Access Edge Computing (MEC) Market 7.1.1.1. Component breakdown size & forecasts, 2022-2032 7.1.1.2. End User breakdown size & forecasts, 2022-2032 7.1.2. Canada Multi-Access Edge Computing (MEC) Market 7.2. Europe Multi-Access Edge Computing (MEC) Market 7.2.1. U.K. Multi-Access Edge Computing (MEC) Market 7.2.2. Germany Multi-Access Edge Computing (MEC) Market 7.2.3. France Multi-Access Edge Computing (MEC) Market 7.2.4. Spain Multi-Access Edge Computing (MEC) Market 7.2.5. Italy Multi-Access Edge Computing (MEC) Market 7.2.6. Rest of Europe Multi-Access Edge Computing (MEC) Market 7.3. Asia-Pacific Multi-Access Edge Computing (MEC) Market 7.3.1. China Multi-Access Edge Computing (MEC) Market 7.3.2. India Multi-Access Edge Computing (MEC) Market 7.3.3. Japan Multi-Access Edge Computing (MEC) Market 7.3.4. Australia Multi-Access Edge Computing (MEC) Market 7.3.5. South Korea Multi-Access Edge Computing (MEC) Market 7.3.6. Rest of Asia Pacific Multi-Access Edge Computing (MEC) Market 7.4. Latin America Multi-Access Edge Computing (MEC) Market 7.4.1. Brazil Multi-Access Edge Computing (MEC) Market 7.4.2. Mexico Multi-Access Edge Computing (MEC) Market 7.4.3. Rest of Latin America Multi-Access Edge Computing (MEC) Market 7.5. Middle East & Africa Multi-Access Edge Computing (MEC) Market 7.5.1. Saudi Arabia Multi-Access Edge Computing (MEC) Market 7.5.2. South Africa Multi-Access Edge Computing (MEC) Market 7.5.3. Rest of Middle East & Africa Multi-Access Edge Computing (MEC) Market Chapter 8. Competitive Intelligence 8.1. Key Company SWOT Analysis 8.1.1. Juniper Networks, Inc. 8.1.2. IBM 8.1.3. ADLINK Technology Inc. 8.2. Top Market Strategies 8.3. Company Profiles 8.3.1. Advantech Co., Ltd. 8.3.1.1. Key Information 8.3.1.2. Overview 8.3.1.3. Financial (Subject to Data Availability) 8.3.1.4. Product Summary 8.3.1.5. Market Strategies 8.3.2. Hewlett Packard Enterprise Development LP 8.3.3. Huawei Technologies Co., Ltd. 8.3.4. Nokia 8.3.5. SAGUNA 8.3.6. Vapor IO. 8.3.7. Intel Corporation Chapter 9. Research Process 9.1. Research Process 9.1.1. Data Mining 9.1.2. Analysis 9.1.3. Market Estimation 9.1.4. Validation 9.1.5. Publishing 9.2. Research Attributes
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