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Multi-access Edge Computing Market

Multi-access Edge Computing Market - Global Industry Analysis, Size, Share, Trends, Growth, and Forecasts, 2021-2031

Global Multi-access Edge Computing Market: Snapshot

Increased acceptance of IoT devices across a wide range of industries is projected to create significant sales opportunities in the global multi-access edge computing market in the forecast period 2021–2031.

TMR’s upcoming research report provides panoramic view of the global multi-access edge computing market. Thus, it covers complete study of various crucial elements such as drivers, challenges, growth opportunities, and restraints of the market. Apart from this, the report sheds light on diverse research and development activities in the market.

The research document performs segmentation of the global multi-access edge computing market based on many key parameters such as solution, end-use, and region. Based on solution, the market is classified into three main parts, namely, software, hardware, and services.

What are Key Drivers of Global Multi-access Edge Computing Market?

Over the period of past few years, the utilization of multi-access edge computing is increased across a wide range of end-user industries such as datacenters, smart cities, smart homes, smart buildings, IT & telecom, healthcare, automotive, and agriculture industry. The tool is helping enterprises in achieving faster decision-making activities. Thus, growing acceptance of this technology is projected to translate into increased sales of the global multi-access edge computing market during the forecast period 2021–2031.

The concept of 5G enabled multi-access edge computing is gaining traction owing to varied advantages it offers. Superior-level end-to-end performance using network slicing, session, security, and service continuity modes for seamless connectivity, reliability, and ultra-low-latency are some of the key advantages of 5G enabled multi-access edge computing. On the back of all these advantages, the market is expected to gather high demand opportunities in the years to come.

A combination of multi-access edge computing architecture and 5G holds an ability to improve the initial response, thereby assisting public sector organizations with technology and connectivity solutions.

Growing need for optimization of the augmented reality/virtual reality (AR/VR) experience by expanding bandwidth to improve 5G abilities is projected to create lucrative avenues for players in the multi-access edge computing market in the upcoming years.

What Key Strategies Players in Multi-access Edge Computing Market are Using to Stay Ahead in Competition?

Major players operating in the global multi-access edge computing market are growing their participation in the collaboration activities. This move is helping companies to advance their service offerings as well as create new streams of revenues.

Several multi-access edge computing market companies are increasing incorporation of technological advancements. For instance, FogHorn Systems started utilizing AI into their platforms in order to provide advanced functionality and decision-making ability to the end-users.

The list of key players in the global multi-access edge computing market includes following names:

  • Microsoft Corporation
  • ADLINK Technology Inc.
  • FogHorn Systems
  • Advantech Co, Ltd.
  • Saguna Networks Ltd.
  • Hewlett Packard Enterprise Development LP

Why is North America One of the Leading Regions for Multi-access Edge Computing Market?

In terms of region, the global multi-access edge computing market marks its existence in many regions such as Europe, North America, Latin America, MEA, and Asia Pacific. Among all regions, North America is one of the leading regions in the market for multi-access edge computing.

The growth of the North America multi-access edge computing market is attributed to many factors. Increased number of data center installations and growing efforts of regional governments to speed up the 5G deployment activities are some of the key factors helping in market expansion.

Multi-access Edge Computing Market

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