According to a new report, published by KBV research, The Global Mobile Edge Computing (MEC) Market size is expected to reach $6.95 billion by 2031, rising at a market growth of 32.2% CAGR during the forecast period.
The Small & Medium-sized Enterprises (SMEs) segment registers a CAGR of 33.2% during (2024 - 2031). SMEs increasingly recognized the potential of MEC to enhance customer experiences, streamline operations, and provide competitive advantages through localized data processing. The availability of cost-effective MEC solutions and cloud-edge integration helped SMEs leverage these technologies without requiring substantial capital investments. This segment’s adoption was further fueled by the need to adapt to new market demands, such as remote work and e-commerce growth, highlighting MEC’s flexibility and scalability for smaller businesses.
The Hardware segment is leading the Global Mobile Edge Computing (MEC) Market by Component in 2023; thereby, achieving a market value of $3.21 billion by 2031. Key components such as edge servers, gateways, and network equipment are essential for building robust MEC architectures. The growth in 5G network rollouts and the increasing adoption of IoT devices further fueled the demand for MEC hardware, as these technologies require efficient and scalable infrastructure to process data locally and reduce latency. Investments from large enterprises and telecom providers in state-of-the-art edge computing hardware also contributed to this segment's significant market share.
The Video Surveillance segment is experiencing a CAGR of 31.8% during (2024 - 2031). The increasing need for real-time monitoring and enhanced security solutions propels the segment’s expansion. MEC’s ability to process video data locally reduces latency and improves response times, making it an ideal solution for surveillance in public safety, defense, and smart buildings. The adoption of advanced analytics, including facial recognition and behavior analysis, further boosted the demand for MEC in this segment, as these applications require high computational power and immediate decision-making capabilities.
Full Report: https://www.kbvresearch.com/mobile-edge-computing-market/
The North America region dominated the Global Mobile Edge Computing (MEC) Market by Region in 2023; thereby, achieving a market value of $2.53 billion by 2031. The Europe region is expected to witness a CAGR of 31.8% during (2024 - 2031). Additionally, The Asia Pacific region would capture a CAGR of 33.2% during (2024 - 2031).
By Enterprise Size
By Component
By Application
Unique Offerings 
