Multi-Access Edge Computing market set to reach $121.86 billion by 2032

From GlobeNewswire: 2025-06-24 10:00:00

The Multi-Access Edge Computing (MEC) Market, valued at USD 3.40 billion in 2023, is projected to reach USD 121.86 billion by 2032 with a CAGR of 48.95%. This growth is fueled by the demand for ultra-low latency, high-bandwidth applications, and real-time data processing across various industries, including telecom, manufacturing, automotive, and smart cities.

In the U.S., the MEC market was valued at USD 1.05 billion in 2023 and is expected to reach USD 37.29 billion by 2032, growing at a CAGR of 48.72%. The expansion of 5G networks, adoption of IoT, and the need for secure computing solutions are driving this growth.

Major players in the MEC market include ADLINK Technology, Huawei, Dell Technologies, Cisco Systems, and Verizon Communications, among others. These companies offer a range of products and solutions to meet the increasing demand for edge computing in various industries.

The MEC market is experiencing rapid growth due to the widespread rollout of 5G networks, increasing data traffic, and the need for real-time processing in sectors such as autonomous vehicles, smart infrastructure, and industrial automation.

In 2023, the software segment led the MEC market due to its central role in edge infrastructure management and real-time intelligence. Software enables intelligent orchestration, analytics, and seamless cloud-edge integration, driving the need for scalable and secure edge platforms.

Large enterprises dominated the MEC market in 2023, accounting for 62% of the revenue. Their strong financial capabilities and adoption of advanced technologies like AI and IoT create a demand for efficient edge computing to support complex operations.

The wired MEC segment is expected to grow at a CAGR of 49.95% from 2024 to 2032, driven by demand in industrial automation and enterprise networks for reliable, low-latency connectivity. This segment caters to applications requiring ultra-low latency in controlled environments.

The IT & Telecom sector held the largest revenue share in the MEC market in 2023, driven by its role in 5G deployment and network infrastructure. Telecom providers rely on MEC to enhance content delivery, reduce latency, and optimize networks for better customer experience.

North America dominated the MEC market in 2023, holding approximately 43% of the revenue share. Asia Pacific is expected to witness the fastest growth, with a projected CAGR of 51.48% from 2024 to 2032, driven by rapid urbanization and investments in smart manufacturing and IoT infrastructure.

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