The global mobile edge computing (MEC) market size reached USD 998.8 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 6,458.5 Million by 2033, exhibiting a growth rate (CAGR) of 21.89% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 998.8 Million |
Market Forecast in 2033
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USD 6,458.5 Million |
Market Growth Rate 2025-2033 | 21.89% |
Mobile edge computing (MEC) is an emerging technology that aims to move infrastructure-based cloud resources, such as computation, storage, and bandwidth, to the edge of the cellular network. It establishes the network edge by utilizing various access points, such as routers, switches, hotspots, WiFi, servers, and controllers. MEC is widely used in location-based services, video surveillance, unified communication, data analytics, and environmental monitoring. It distributes computing resources across the network, provides more scalable performance, reduces network load, and hastens data transmission. It also reduces network congestion and latency and improves device performance. As a result, MEC finds extensive applications across the retail, telecommunications, energy, and healthcare industries.
Significant growth in the telecommunications industry across the globe is creating a positive outlook for the market. MEC enables telecommunication businesses to lessen their reliance on the cloud and assist in processing large volumes of data generated by devices. In line with this, the widespread technology adoption in various industrial verticals to improve quality of experience (QoE), provide low latency computing, and enhance operational efficiency is favoring the market growth. Furthermore, the growing need to manage enormous data traffic due to the rapid proliferation of smartphones and interconnected devices is acting as another growth-inducing factor. Additionally, the rising MEC utilization in emerging technologies, such as artificial intelligence (AI), the Internet of Things (IoT), and federated learning (FL) to reduce power consumption, improve response time, and enhance performance by offering higher bandwidth is providing an impetus to market growth. The increasing demand for the solution can also be attributed to the rising need to facilitate the expansion of fifth-generation (5G) technology by enabling automation and scalability, providing privacy and security, and ensuring significant cost savings. Other factors, including extensive research and development (R&D) activities towards developing new hardware, and emerging product applications in augmented and virtual reality (AR/VR), are anticipated to drive the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global mobile edge computing (MEC) market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on component, organization size and application.
Breakup by Component:
Breakup by Organization Size:
Breakup by Application:
Breakup by Region:
The report has also provided a comprehensive analysis of the competitive landscape in the global mobile edge computing (MEC) market. Detailed profiles of all major companies have also been provided. Some of the companies covered include:
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Segment Coverage | Component, Organization Size, Application, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | ADLINK Technology Inc., Advantech Co. Ltd., Artesyn Embedded Technologies (Advanced Energy Industries Inc.), AT&T Inc., Cisco Systems Inc., Huawei Technologies Co. Ltd., Intel Corporation, International Business Machines Corporation, Nokia Corporation, Saguna Networks Ltd. (COMSovereign Holding Corp), Telefonaktiebolaget LM Ericsson, Vapor IO Inc. and Vodafone Group Plc. |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global Mobile Edge Computing (MEC) market was valued at USD 998.8 Million in 2024.
We expect the global Mobile Edge Computing (MEC) market to exhibit a CAGR of 21.89% during 2025-2033.
The rising integration of MEC with advanced technologies, such as Artificial Intelligence (AI), the Internet of Things (IoT), Federated Learning (FL), etc., to reduce power consumption, improve response time, enhance performance, etc., is primarily driving the global Mobile Edge Computing (MEC) market.
The sudden outbreak of the COVID-19 pandemic has led to the growing deployment of Mobile Edge Computing (MEC) technology, as it minimizes network congestion and improves the performance of devices.
Based on the component, the global Mobile Edge Computing (MEC) market can be divided into hardware and software. Currently, hardware accounts for the majority of the total market share.
Based on the organization size, the global Mobile Edge Computing (MEC) market has been segregated into small and medium enterprises and large enterprises, where large enterprises currently exhibit clear dominance in the market.
Based on the application, the global Mobile Edge Computing (MEC) market can be bifurcated into location-based services, video surveillance, unified communication, optimized local content distribution, data analytics, and environmental monitoring. Among these, location-based services hold the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global Mobile Edge Computing (MEC) market include ADLINK Technology Inc., Advantech Co. Ltd., Artesyn Embedded Technologies (Advanced Energy Industries Inc.), AT&T Inc., Cisco Systems Inc., Huawei Technologies Co. Ltd., Intel Corporation, International Business Machines Corporation, Nokia Corporation, Saguna Networks Ltd. (COMSovereign Holding Corp), Telefonaktiebolaget LM Ericsson, Vapor IO Inc., and Vodafone Group Plc.