Published Date: 26-Sep-2021
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According to a new report Global Multi-access Edge Computing Market, published by KBV research, The Global Multi-access Edge Computing Market size is expected to reach $16.7 billion by 2027, rising at a market growth of 39.1% CAGR during the forecast period.
The hardware segment acquired a prominent market share in 2020. There is a rise witnessed in the number of connected devices and the demand for real-time decision-making devices, this rise is leading to an increase in the adoption rate of data centers and servers. Organizations are now providing improved Telecommunications Computing Architecture (TCA) hardware platforms to individuals and companies. These are advanced platforms that are compact, cost-efficient, and could be customized as per the need of the user to maintain reliability, availability, and serviceability.
The IT and telecom segment hold the maximum market share in 2020. The commercial launch of the 5G delivery system provides clients to experience efficient transfer & analysis of large volume data and ultra-low latency, this factor is allowing companies to promote high practices of MEC. In addition, various IT software & hardware organizations are introducing enhanced low-power products that are compatible with IoT systems and networks and thereby, contributing to increasing sales, which is leading to generate new revenue channels.
North America dominated the market by acquiring the largest revenue share in 2020. The various strategic initiatives like the 5G FAST PLAN were taken by the Federal Communications Commission (FCC) to increase 5G deployment in the US. This surge in the deployment of 5G is anticipated to fuel the demand for multi-access edge computing solutions during the forecasting period. In addition, the growing installations of the data center have allowed solution providers to combine 5G & edge computing, which is also supporting the growth of the regional market.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Hewlett Packard Enterprise Company, Juniper Networks, Inc., Huawei Technologies Co., Ltd., Amazon.com, Inc., Microsoft Corporation, Adlink Technology, Inc., Advantech Co., Ltd., ZephyrTel, FogHorn Systems and SMART Embedded Computing.
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