The North America Multi-access Edge Computing Market would witness market growth of 37.4% CAGR during the forecast period (2021-2027).
It is anticipated that the rising deployment of Internet of Things devices in various industries will boost the growth of the multi-access edge computing market. In addition, there is a requirement of rapid decision-making in industries like manufacturing, transportation and logistics, IT and telecom, and data centers due to the production of the large volume of data and thus, the deployment of multi-access edge computing (MEC) technology is propelling. Additionally, the deployment of MEC provides a secured environment for reducing latency and transfer of data, which is accountable for increasing the excessive deployment of the technology in companies.
Moreover, MEC applications offer high output and low latency while running on 5G networks and the 5G service delivery model provides various new B2B services by taking maximum advantage of edge clouds. The key features of 5G integrated multi-access edge computing are high-level end-to-end performance with the help of network slicing, service, session, and security continuity modes for ultra-low-latency and unified connectivity, and reliability, which are accountable to drive the growth of the market. MEC is capable to process a large volume of data to complex telemetry data at the network edge, which allows new business model advancements and thus, enables service providers to increase competition among the competitors. Moreover, the incorporation of 5G with multi-access edge computing infrastructure will help in improving the quick response and therefore, is anticipated to assist public sector companies with technology and connectivity solutions.
North America is experiencing a significant rise in the penetration of IoT devices in the US and Canada, because of its real-time computing and storage capabilities provided by edge computing solutions. In addition, the foremost telecommunications companies in Canada and the US are aggressively implementing 5G services and have developed inclusive B2B solutions for companies. Formerly, Verizon Business and AWS declared that they would begin to offer private mobile edge computing (MEC) to companies in the US. The mobile or multi-access edge computing (MEC) offering will endow unified connectivity and fully managed storage.
Moreover, with the development of technology, companies are also demanding to access the latest technologies that is possible with the help of multi-access edge computing (MEC) services. These networks not help in accelerating the traffic from the individual company but also assist in increasing the flexibility and access to the MEC in sharing a large amount of data. Edge computing devices also offer various novel ideas in a short period gap for the expansion of network bandwidth and its durability. Thus, it is anticipated that these factors will contribute to the growth of the regional multi-access edge computing market over the forecasting period.
The US market dominated the North America Automotive Multi-access Edge Computing Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $743.4 million by 2027. The Canada market is experiencing a CAGR of 41.1% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 39.9% during (2021 - 2027).
Based on Solution, the market is segmented into Software, Hardware and Services. Based on End User, the market is segmented into Telecom & IT, Data Centers, Automotive, Smart Cities, Smart Homes, & Smart Buildings, Energy & Utilities, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Multi-access Edge Computing Market is Estimated to Reach USD 16.7 Billion by 2027 at a CAGR of 39.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
Scope of the Study
Market Segments Covered in the Report:
By Solution
- Software
- Hardware
- Services
By End User
- Telecom & IT
- Data Centers
- Automotive
- Smart Cities, Smart Homes, & Smart Buildings
- Energy & Utilities
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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
- SMART Embedded Computing
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Multi-access Edge Computing Market, by Solution
1.4.2 North America Multi-access Edge Computing Market, by End User
1.4.3 North America Multi-access Edge Computing Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 COVID-19 impact
2.1.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
Chapter 4. North America Multi-access Edge Computing Market by End-use
4.1 North America Telecom & IT Multi-access Edge Computing Market by Country
4.2 North America Data Centers Multi-access Edge Computing Market by Country
4.3 North America Automotive Multi-access Edge Computing Market by Country
4.4 North America Smart Cities, Smart Homes, & Smart Buildings Multi-access Edge Computing Market by Country
4.5 North America Energy & Utilities Multi-access Edge Computing Market by Country
4.6 North America Other End-use Multi-access Edge Computing Market by Country
Chapter 5. North America Multi-access Edge Computing Market by Solution
5.1 North America Multi-access Edge Computing Software Market by Country
5.2 North America Multi-access Edge Computing Hardware Market by Country
5.3 North America Multi-access Edge Computing Services Market by Country
Chapter 6. North America Multi-access Edge Computing Market by Country
6.1 US Multi-access Edge Computing Market
6.1.1 US Multi-access Edge Computing Market by End-use
6.1.2 US Multi-access Edge Computing Market by Solution
6.2 Canada Multi-access Edge Computing Market
6.2.1 Canada Multi-access Edge Computing Market by End-use
6.2.2 Canada Multi-access Edge Computing Market by Solution
6.3 Mexico Multi-access Edge Computing Market
6.3.1 Mexico Multi-access Edge Computing Market by End-use
6.3.2 Mexico Multi-access Edge Computing Market by Solution
6.4 Rest of North America Multi-access Edge Computing Market
6.4.1 Rest of North America Multi-access Edge Computing Market by End-use
6.4.2 Rest of North America Multi-access Edge Computing Market by Solution
Chapter 7. Company Profiles
7.1 Hewlett Packard Enterprise Company
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.1 Recent strategies and developments:
7.1.1.1 Partnerships, Collaborations, and Agreements:
7.1.1.2 Acquisition and Mergers:
7.1.1.3 Product Launches and Product Expansions:
7.1.2 SWOT Analysis
7.2 Juniper Networks, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.5.2 Acquisitions and Mergers:
7.3 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.4 Amazon.com, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Recent strategies and developments:
7.4.4.1 Partnerships, Collaborations, and Agreements:
7.4.5 SWOT Analysis
7.5 Microsoft Corporation
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations, and Agreements:
7.5.5.2 Product Launches and Product Expansions:
7.5.6 SWOT Analysis
7.6 Adlink Technology, Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Research & Development Expense
7.7 Advantech Co., Ltd.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expense
7.7.5 Recent strategies and developments:
7.7.5.1 Partnerships, Collaborations, and Agreements:
7.7.5.2 Product Launches and Product Expansions:
7.8 ZephyrTel
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Acquisitions and Mergers:
7.9 FogHorn Systems
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Partnerships, Collaborations, and Agreements:
7.10. SMART Embedded Computing
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expense
TABLE 1 North America Multi-access Edge Computing Market, 2017 - 2020, USD Million
TABLE 2 North America Multi-access Edge Computing Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Multi-access Edge Computing Market
TABLE 4 Product Launches And Product Expansions– Multi-access Edge Computing Market
TABLE 5 Acquisition and Mergers– Multi-access Edge Computing Market
TABLE 6 North America Multi-access Edge Computing Market by End-use, 2017 - 2020, USD Million
TABLE 7 North America Multi-access Edge Computing Market by End-use, 2021 - 2027, USD Million
TABLE 8 North America Telecom & IT Multi-access Edge Computing Market by Country, 2017 - 2020, USD Million
TABLE 9 North America Telecom & IT Multi-access Edge Computing Market by Country, 2021 - 2027, USD Million
TABLE 10 North America Data Centers Multi-access Edge Computing Market by Country, 2017 - 2020, USD Million
TABLE 11 North America Data Centers Multi-access Edge Computing Market by Country, 2021 - 2027, USD Million
TABLE 12 North America Automotive Multi-access Edge Computing Market by Country, 2017 - 2020, USD Million
TABLE 13 North America Automotive Multi-access Edge Computing Market by Country, 2021 - 2027, USD Million
TABLE 14 North America Smart Cities, Smart Homes, & Smart Buildings Multi-access Edge Computing Market by Country, 2017 - 2020, USD Million
TABLE 15 North America Smart Cities, Smart Homes, & Smart Buildings Multi-access Edge Computing Market by Country, 2021 - 2027, USD Million
TABLE 16 North America Energy & Utilities Multi-access Edge Computing Market by Country, 2017 - 2020, USD Million
TABLE 17 North America Energy & Utilities Multi-access Edge Computing Market by Country, 2021 - 2027, USD Million
TABLE 18 North America Other End-use Multi-access Edge Computing Market by Country, 2017 - 2020, USD Million
TABLE 19 North America Other End-use Multi-access Edge Computing Market by Country, 2021 - 2027, USD Million
TABLE 20 North America Multi-access Edge Computing Market by Solution, 2017 - 2020, USD Million
TABLE 21 North America Multi-access Edge Computing Market by Solution, 2021 - 2027, USD Million
TABLE 22 North America Multi-access Edge Computing Software Market by Country, 2017 - 2020, USD Million
TABLE 23 North America Multi-access Edge Computing Software Market by Country, 2021 - 2027, USD Million
TABLE 24 North America Multi-access Edge Computing Hardware Market by Country, 2017 - 2020, USD Million
TABLE 25 North America Multi-access Edge Computing Hardware Market by Country, 2021 - 2027, USD Million
TABLE 26 North America Multi-access Edge Computing Services Market by Country, 2017 - 2020, USD Million
TABLE 27 North America Multi-access Edge Computing Services Market by Country, 2021 - 2027, USD Million
TABLE 28 North America Multi-access Edge Computing Market by Country, 2017 - 2020, USD Million
TABLE 29 North America Multi-access Edge Computing Market by Country, 2021 - 2027, USD Million
TABLE 30 US Multi-access Edge Computing Market, 2017 - 2020, USD Million
TABLE 31 US Multi-access Edge Computing Market, 2021 - 2027, USD Million
TABLE 32 US Multi-access Edge Computing Market by End-use, 2017 - 2020, USD Million
TABLE 33 US Multi-access Edge Computing Market by End-use, 2021 - 2027, USD Million
TABLE 34 US Multi-access Edge Computing Market by Solution, 2017 - 2020, USD Million
TABLE 35 US Multi-access Edge Computing Market by Solution, 2021 - 2027, USD Million
TABLE 36 Canada Multi-access Edge Computing Market, 2017 - 2020, USD Million
TABLE 37 Canada Multi-access Edge Computing Market, 2021 - 2027, USD Million
TABLE 38 Canada Multi-access Edge Computing Market by End-use, 2017 - 2020, USD Million
TABLE 39 Canada Multi-access Edge Computing Market by End-use, 2021 - 2027, USD Million
TABLE 40 Canada Multi-access Edge Computing Market by Solution, 2017 - 2020, USD Million
TABLE 41 Canada Multi-access Edge Computing Market by Solution, 2021 - 2027, USD Million
TABLE 42 Mexico Multi-access Edge Computing Market, 2017 - 2020, USD Million
TABLE 43 Mexico Multi-access Edge Computing Market, 2021 - 2027, USD Million
TABLE 44 Mexico Multi-access Edge Computing Market by End-use, 2017 - 2020, USD Million
TABLE 45 Mexico Multi-access Edge Computing Market by End-use, 2021 - 2027, USD Million
TABLE 46 Mexico Multi-access Edge Computing Market by Solution, 2017 - 2020, USD Million
TABLE 47 Mexico Multi-access Edge Computing Market by Solution, 2021 - 2027, USD Million
TABLE 48 Rest of North America Multi-access Edge Computing Market, 2017 - 2020, USD Million
TABLE 49 Rest of North America Multi-access Edge Computing Market, 2021 - 2027, USD Million
TABLE 50 Rest of North America Multi-access Edge Computing Market by End-use, 2017 - 2020, USD Million
TABLE 51 Rest of North America Multi-access Edge Computing Market by End-use, 2021 - 2027, USD Million
TABLE 52 Rest of North America Multi-access Edge Computing Market by Solution, 2017 - 2020, USD Million
TABLE 53 Rest of North America Multi-access Edge Computing Market by Solution, 2021 - 2027, USD Million
TABLE 54 key information – Hewlett Packard Enterprise Company
TABLE 55 Key Information – Juniper Networks, Inc.
TABLE 56 key information – Huawei Technologies Co., Ltd.
TABLE 57 Key Information – Amazon.com, Inc.
TABLE 58 key information – Microsoft Corporation
TABLE 59 Key information – Adlink Technology, Inc.
TABLE 60 Key Information – Advantech Co., Ltd.
TABLE 61 Key Information – ZephyrTel
TABLE 62 Key Information – FOGHORN Systems
TABLE 63 Key Information – SMART Embedded Computing
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Recent strategies and developments: Hewlett Packard Enterprise Company
FIG 5 SWOT analysis: Hewlett-Packard enterprise Company
FIG 6 Recent strategies and developments: Juniper Networks, Inc.
FIG 7 SWOT analysis: Amazon.com, Inc.
FIG 8 Recent strategies and developments: Microsoft Corporation
FIG 9 SWOT Analysis: Microsoft Corporation
FIG 10 Recent strategies and developments: Advantech Co., Ltd.