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Multi-Access Edge Computing Market Trends

  • Report ID: GMI11445
  • Published Date: Sep 2024
  • Report Format: PDF

Multi-Access Edge Computing Market Trends

As MEC manages sensitive data at the network edge, security is a top priority. Protecting data from breaches and unauthorized access is crucial, especially in healthcare and financial services. MEC providers are enhancing security features such as encryption, secure communication, and real-time threat detection. With more industries adopting edge computing, tailored cybersecurity solutions are gaining traction, ensuring data privacy and integrity.
 

For instance, in February 2024, Nokia and A1 Austria (A1) completed the industry's first 5G edge cloud network slicing trial with Microsoft. This deployment used Nokia's 5G edge slicing solution integrated with Microsoft Azure-managed edge computing on A1's live commercial network in Vienna, Austria. With edge cloud network slicing, A1 can deliver enterprise cloud applications to mobile users over a high-capacity, secure, and low-latency network.
 

Moreover, telecom operators are partnering with cloud providers, infrastructure vendors, and application developers to enhance their offerings. These collaborations aim to improve network performance, introduce new services, and create additional revenue streams. For instance, telecom companies are working with AWS, Google Cloud, and Microsoft Azure to expand their edge computing infrastructure. These partnerships drive the growth of the MEC ecosystem by enabling advancements in autonomous driving, gaming, and real-time analytics.
 

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of multi-access edge computing reached USD 2.8 billion in 2023 and is set to register over 37.2% CAGR from 2024-2032, due to the rise of smart cities and connected vehicle ecosystems worldwide.

The hardware segment dominated around USD 1.6 billion in 2023, owing to a significant trend towards edge-optimized solutions for MEC environments.

North America market accounted for 43% share in 2023, attributed to 5G connections making up 32% of all wireless cellular connections in the region.

Amazon Web Services, Cisco, Dell, HPE, Huawei, Intel, Microsoft Azure., and Nokia, are some of the major multi-access edge computing companies worldwide.

Multi-Access Edge Computing Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 180
  • Countries covered: 20
  • Pages: 240
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