How big is the Mobile Edge Computing Market?

The Mobile Edge Computing Market size is expected to reach USD 0.6 billion in 2024 and grow at a CAGR of 32.58% to reach USD 2.44 billion by 2029. Read More

What is the current Mobile Edge Computing Market size?

In 2024, the Mobile Edge Computing Market size is expected to reach USD 0.6 billion. Read More

Who are the key players in Mobile Edge Computing Market?

Nokia Corporation, Telefonaktiebolaget LM Ericsson, Comsovereign Holding Corp, AT&T Inc and Huawei Technologies Co. Ltd are the major companies operating in the Mobile Edge Computing Market. Read More

Which is the fastest growing region in Mobile Edge Computing Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Mobile Edge Computing Market?

In 2024, the North America accounts for the largest market share in Mobile Edge Computing Market. Read More

What years does this Mobile Edge Computing Market cover, and what was the market size in 2023?

In 2023, the Mobile Edge Computing Market size was estimated at USD 0.40 billion. The report covers the Mobile Edge Computing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mobile Edge Computing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Mobile Edge Computing (MEC) Market - Size, Companies & Growth

Mobile Edge Computing (MEC) Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Mobile Edge Computing (MEC) Market Trends and is Segmented by Component (hardware, Software), by End-User (financial & Banking Industry, Retail, Healthcare & Life Sciences, Industrial, Energy & Utilities, and Telecommunication), and Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

Mobile Edge Computing (MEC) Industry Overview

The MEC market comprises several global and regional players vying for attention in a fairly contested market space. However, the market is dominated by major vendors that cover a significant share of the market and compete to gain a foothold and become pioneers in different regional markets. Overall, the competitive rivalry among the vendors is expected to be high and remain the same during the forecast period.

In September 2022, Nokia introduced new platform capabilities and applications for its on-premise Mission Critical Industrial Edge (MXIE) compute solution that would enable to host of applications from different ecosystems to advance enterprise digital transformation. It also developed vertical-specific blueprints that guide industrial enterprises to simplify their digital transformation.
In September 2022, Verizon partnered with US Armed Forces to construct a private 5G network inside an aircraft maintenance hangar on Joint Base Pearl Harbor Hickam (JBPHH). With this design, it would be easy for military leaders to leverage the high-speed, high-bandwidth, and low latency of Verizon 5G.