The global market for Mobile Edge Computing is estimated at US$1.2 Billion in 2023 and is projected to reach US$6.9 Billion by 2030, growing at a CAGR of 29.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the Mobile Edge Computing market is driven by several factors, including the rapid expansion of IoT networks, the rollout of 5G technology, and the increasing demand for applications requiring low latency. As more devices become connected and generate vast amounts of data, there is a pressing need to manage this data more effectively at the network edge rather than relying on distant data centers. The introduction of 5G networks globally supports MEC deployment by providing the necessary bandwidth and speed to handle increased data volumes at the edge, enhancing overall network performance and user experience.
Additionally, consumer behavior that favors instant and seamless digital interactions, whether in communication, gaming, or multimedia consumption, fuels the demand for MEC. Businesses are also recognizing the cost efficiency and improved performance enabled by edge computing, which reduces data transmission costs and accelerates data processing. Moreover, ongoing advancements in technology that facilitate easier integration and maintenance of edge computing infrastructure also contribute significantly to market growth, ensuring that MEC remains at the forefront of technological innovation in network management and data processing.
The growth in the Mobile Edge Computing market is driven by several factors, including the rapid expansion of IoT networks, the rollout of 5G technology, and the increasing demand for applications requiring low latency. As more devices become connected and generate vast amounts of data, there is a pressing need to manage this data more effectively at the network edge rather than relying on distant data centers. The introduction of 5G networks globally supports MEC deployment by providing the necessary bandwidth and speed to handle increased data volumes at the edge, enhancing overall network performance and user experience.
Additionally, consumer behavior that favors instant and seamless digital interactions, whether in communication, gaming, or multimedia consumption, fuels the demand for MEC. Businesses are also recognizing the cost efficiency and improved performance enabled by edge computing, which reduces data transmission costs and accelerates data processing. Moreover, ongoing advancements in technology that facilitate easier integration and maintenance of edge computing infrastructure also contribute significantly to market growth, ensuring that MEC remains at the forefront of technological innovation in network management and data processing.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Mobile Edge Computing Hardware segment, which is expected to reach US$4.7 Billion by 2030 with a CAGR of a 27.5%. The Mobile Edge Computing Software & Services segment is also set to grow at 33.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $444.6 Million in 2023, and China, forecasted to grow at an impressive 34.6% CAGR to reach $581.5 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Mobile Edge Computing Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Mobile Edge Computing Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Mobile Edge Computing Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Cisco Systems, Inc., AT&T, Inc., Broadcom Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 52 Featured):
- Cisco Systems, Inc.
- AT&T, Inc.
- Broadcom Inc.
- ADLINK Technology, Inc.
- Adva Optical Networking SE
- Cradlepoint, Inc.
- Comba Telecom Systems Holdings Ltd.
- Hewlett Packard Enterprise Development LP (HPE)
- Affirmed Networks
- ClearBlade, Inc.
- Core Network Dynamics
- Edge Intelligence, Inc.
- Cloudify
- EdgeConneX
- EdgeMicro
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- Cisco Systems, Inc.
- AT&T, Inc.
- Broadcom Inc.
- ADLINK Technology, Inc.
- Adva Optical Networking SE
- Cradlepoint, Inc.
- Comba Telecom Systems Holdings Ltd.
- Hewlett Packard Enterprise Development LP (HPE)
- Affirmed Networks
- ClearBlade, Inc.
- Core Network Dynamics
- Edge Intelligence, Inc.
- Cloudify
- EdgeConneX
- EdgeMicro
