Market Insights: Growth Drivers in the Multi-Access Edge Computing Sector

The multi-access edge computing market was estimated at USD 2.27 billion in 2022 and is likely to grow at a CAGR of 48.96% during 2023-2028 to reach USD 25.01 billion in 2028.

Multi-access edge computing (MEC) is a network building that supports evaluation and storage capacity at the network edges, rather than in a central data center or cloud location. MEC enables quick and flexible deployment of new applications. It offers a considerably lower time interval with better performance for local data and applications, compared to centralized data center resources. Rather than transmitting all data to a cloud for processing, the network edge analyzes, processes, and stores the data.