Fatpos Global has released a report titled “Multi-Access Edge Computing Market - Analysis of Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2031” which is anticipated to reach USD 77.26 billion by 2031. According to a study by Fatpos Global, the market is anticipated to portray a CAGR of 42.66% between 2021 and 2031. According to the report, increase in the adoption of Over the Top (OTT) media streaming services and developing demand among individuals to gain access to personalized content is anticipated to boost the market growth. Increasing number of operators adopting the OTT video delivery model is predictable to fuel telecom companies and mobile networks to promotion their existing infrastructure.
The market report on global Multi-Access Edge Computing Market includes in-depth insights as:
“Growing number of IoT devices and the developing need to gain access to real-time analysis of data produced by them is anticipated to boost MEC market growth. Additionally, multi-access edge computing deployment enables the managing of resource operation and improvement of routing and computing burdens owing to deployment through virtual machines from the network edge to cloud computing centers. Leveraging this technology in IoT can facilitate reduced pressure on cloud networks and result in lower energy consumption, which is anticipated to deliver significant growth opportunities to the market”, said a lead analyst at Fatpos Global.
MEC refers to Mobile Edge Computing or Multi-Access Edge Computing with the former being more cellular network centric (LTE and 5G) and the latter language adopted by standards groups to simplify edge computing to replicate that it may be also be used by WiFi and other wireless access technique. The distinction between the multi-access edge computing market and mobile edge computing largely finishes with radio access and network type, as almost every other feature is the same including localizing computing (e.g., computation and storage closer to the end-user), network element virtualization, software, and service-centric operations.
Global Multi-Access Edge Computing market is classified on the basis of Solutions into Software, Hardware, and Services. Software segment dominates the market share globally. The integration of several IoT devices in a multi-access edge computing-based ecosystem increases the demand for software, which functions in accordance with the prevailing MEC architecture. The necessity to apply the software according to the existing situation is growing to practice content management, distributed processing, and multi-level load-balancing, which is contributing to the growth of the software segment.
Key Players in the Market
Some of the key players operating in the global Multi-Access Edge Computing Market are ADLINK Technology Inc.; Advantech Co., Ltd.; FogHorn Systems; HPE; Huawei Technologies Co., Ltd.; Juniper Networks Inc.; Saguna Networks Ltd.; Artesyn Technologies; Vapor IO; ZephyrTel and Other Prominent Players
Get Valuable Insights into Global Multi-Access Edge Computing Market
In the new report, Fatpos Global thrives to present an unbiased analysis of the global Multi-Access Edge Computing Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2021-2031. The study includes compelling insights into growth that is witnessed in the market. Global Multi-Access Edge Computing market is segmented by Solution into Software, Hardware, and Services; By End User into Telecom & IT, Data Centers, Automotive, Smart Cities, Smart Homes, & Smart Buildings, Energy & Utilities, and Others. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa.
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