Mobile Edge Computing Market Size, Share, Growth Analysis, By Solution(Hardware, Software, Services), By End Use(IT & Telecom, Smart Cities, Smart Homes, & Smart Buildings), By Organization size(Large Enterprises, SMEs), By Verticals(Manufacturing, Energy, Utilities, Government), By Application(Location-based Services, Unified Communication, Optimized Local Content Distribution, Data Analytics), By Region - Industry Forecast 2024-2031

North America dominated the Global Mobile Edge Computing Market and accounted for approximately 43% revenue share in 2021. This is caused because of the expanding use of cutting-edge technologies and growing demand for network devices. Additionally, there is a significant demand for MEC technology throughout the region, particularly in the United States and Canada, due to the expanding telecommunications sector and the increasing adoption of cloud services by businesses. The United States is a significant centre for cloud service providers, which offer cloud platforms all over the world. The three most popular cloud computing platforms are Google Cloud, Amazon Web Services, and Microsoft Azure. Edge computing strategies are being created and added to their platforms.

Asia Pacific region is anticipated to grow at the fastest growth rate during the forecast period. This is a result of rising investments in cloud and Internet of Things (IoT) technologies and widespread use of smart devices, particularly in China, Japan, and India. AI and IoT will have more industrial applications in China as local businesses accelerate their digital transformation and implement cutting-edge technologies to increase productivity and cut costs. By 2025, it is anticipated that 60 percent of Chinese businesses will be fully digital, supporting the market's anticipated revenue expansion. India is gradually becoming more digitalized overall.