The global multi-access edge computing market size was valued at USD 1.56 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) exceeding 42% from 2021 to 2028. The growing adoption of IoT devices across several industries is expected to drive market growth.
Multi-access Edge Computing (MEC) offers application developers and content providers cloud-computing capabilities and an IT service environment at the edge of the network. This environment is characterized by ultra-low latency and high bandwidth as well as real-time access to radio network information that can be leveraged by applications.
MEC provides a new ecosystem and value chain. Operators can open their Radio Access Network (RAN) edge to authorized third-parties, allowing them to flexibly and rapidly deploy innovative applications and services towards mobile subscribers, enterprises and vertical segments.
The need to optimize the Augmented Reality/Virtual Reality (AR/VR) experience by extending bandwidth to enhance 5G capabilities is driving the MEC market growth. Furthermore, the need to deliver high-quality Augmented Reality (AR), Virtual Reality (VR), and Mixed Reality (MR) experiences via wireless medium has enabled the integration of MEC and 5G. Such integration is expected to offer attractive growth prospects over the next few years. Combining MEC infrastructure with VR/AR has led to major improvements in the broadcasting of sports and entertainment, thus enhancing users’ viewing experience.
Request a Sample @: https://www.grandviewresearch.com/industry-analysis/multi-access-edge-computing-market/request/rs1
Regional evaluation is yet another highly vast region of the research and analysis study of the Global Multi-access Edge Computing Market presented in the report. This section sheds light on the sales growth of distinct regional and country-level niches. The historical and forecast period 2020 to 2026 gives accurate and detailed country-wise quantity evaluation along with region-wise market size analysis from their worldwide Multi-access Edge Computing marketplace.
Key Player Mentioned:
ADLINK Technology Inc.
Advantech Co., Ltd.
FogHorn Systems
Hewlett Packard Enterprise Development LP
Huawei Technologies Co., Ltd.
Juniper Networks, Inc.
Saguna Networks Ltd.
Product Segment Analysis:
Hardware
Software
Services
Application Segment Analysis:
IT & Telecom
Smart Cities, Smart Homes, & Smart Buildings
Datacenters
Energy & Utilities
Automotive
Segmentation by Region :
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
Access Press Release @
https://www.grandviewresearch.com/press-release/global-multi-access-edge-computing-market
The study objectives of this report are:
– to research global status, future forecasts, growth opportunities, key markets and key players.
– To present the market development in us, Europe and China.
– To strategically profile the key players and comprehensively analyze their development plan and methods.
Good Reasons to Buy a Global Multi-access Edge Computing Market Report:
- Offers detailed market breakdown and data triangulation that will help guide the market trends.
- The methodology used in the report gives the absolute authentic data that helps advising whether the market has an opportunity in the upcoming years.
- Provides a detail analysis about the Covid-19 impact on the market and how it will help boost the market in the near future.
- Give’s a thorough analyst’s viewpoint which guides the client through market collaterals for the better opportunities in the market.
- Pinpoints the most valued region and how the market can be expanded in the industry to generate more revenue with all the important government guidelines and environmental policies.
The global Multi-access Edge Computing market is illustrated by key results:
- The Multi-access Edge Computing market research report comprises products developed, industries they cater to, and the strategies they adopt.
- Data related to the organizations such as the sales amassed by the manufacturers has also been mentioned. The report offers data related to the firm’s price models along with gross margins.
- The Multi-access Edge Computing market research report presents data regarding products and market share of the product segments.
- The report entails sales that are accounted for by the products and the revenues earned by these product segments.
- Information regarding the applications and sales projections for the given time period is included in the report.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
