North America Mobile Edge Computing (MEC) Market Size, Share & Trends Analysis Report By Enterprise Size (Large Enterprises and Small & Medium-sized Enterprises (SMEs)), By Component, By Application, By Country and Growth Forecast, 2024 - 2031
The North America Mobile Edge Computing (MEC) Market would witness market growth of 31.4% CAGR during the forecast period (2024-2031).
The US market dominated the North America Mobile Edge Computing (MEC) Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,888.9 million by 2031. The Canada market is experiencing a CAGR of 32.9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 32.7% during (2024 - 2031).
The market is at the forefront of technological innovation, transforming how data is processed, stored, and delivered in a rapidly evolving digital ecosystem. As businesses, industries, and consumers increasingly rely on real-time applications and services, the need for localized computing power has grown significantly. MEC represents a paradigm shift in traditional cloud computing by bringing computational capabilities closer to the data source. This proximity reduces latency, improves bandwidth efficiency, and enhances the overall user experience, making MEC a cornerstone of modern digital infrastructure. Its applications span diverse sectors, including telecommunications, healthcare, automotive, gaming, retail, and industrial automation, demonstrating its transformative potential across industries.
In the age of hyper-connectivity, the explosion of data generated by devices, sensors, and applications has placed unprecedented demands on network infrastructure. Centralized cloud computing, while immensely powerful, often struggles to meet the low-latency and high-speed requirements of today’s applications. MEC addresses these limitations by processing data at the edge of the network, closer to where it is generated. This localized approach minimizes the distance data needs to travel, reducing latency and enabling faster response times.
Mexico is increasingly recognized as a burgeoning market for MEC, driven by the expansion of industrial automation and Internet of Things (IoT) applications within sectors such as manufacturing and logistics. As a pivotal participant in global supply chains, Mexico's industrial sector derives substantial advantages from the implementation of edge computing, particularly in the realms of predictive maintenance and operational efficiency. The Mexican government’s initiatives to develop smart manufacturing under its National Digital Strategy boost MEC deployment. Collaborations between local telecom providers such as América Móvil and technology firms facilitate the rollout of edge solutions tailored to the country’s industrial needs. Therefore, as a region, North America presents a dynamic and rapidly evolving landscape for the market.
Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises (SMEs). Based on Component, the market is segmented into Hardware, Software, and Services. Based on Application, the market is segmented into Location-Based Services, Video Surveillance, Unified Communication, Optimized Local Content Distribution, Data Analytics, Environmental Monitoring, and Other Application. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Nokia Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Ericsson AB
- IBM Corporation
- Microsoft Corporation
- Cisco Systems, Inc.
- Dell Technologies, Inc.
- Hewlett Packard Enterprise Company
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Intel Corporation
By Enterprise Size
- Large Enterprises
- Small & Medium-sized Enterprises (SMEs)
- Hardware
- Software
- Services
- Location-Based Services
- Video Surveillance
- Unified Communication
- Optimized Local Content Distribution
- Data Analytics
- Environmental Monitoring
- Other Application
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Mobile Edge Computing (MEC) Market, by Enterprise Size
- 1.4.2 North America Mobile Edge Computing (MEC) Market, by Component
- 1.4.3 North America Mobile Edge Computing (MEC) Market, by Application
- 1.4.4 North America Mobile Edge Computing (MEC) Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2023, Jan – 2024, Sep) Leading Players
- 4.5 Porter Five Forces Analysis
- Chapter 5. North America Mobile Edge Computing (MEC) Market by Enterprise Size
- 5.1 North America Large Enterprises Market by Region
- 5.2 North America Small & Medium-sized Enterprises (SMEs) Market by Region
- Chapter 6. North America Mobile Edge Computing (MEC) Market by Component
- 6.1 North America Hardware Market by Country
- 6.2 North America Software Market by Country
- 6.3 North America Services Market by Country
- Chapter 7. North America Mobile Edge Computing (MEC) Market by Application
- 7.1 North America Location-Based Services Market by Country
- 7.2 North America Video Surveillance Market by Country
- 7.3 North America Unified Communication Market by Country
- 7.4 North America Optimized Local Content Distribution Market by Country
- 7.5 North America Data Analytics Market by Country
- 7.6 North America Environmental Monitoring Market by Country
- 7.7 North America Other Application Market by Country
- Chapter 8. North America Mobile Edge Computing (MEC) Market by Country
- 8.1 US Mobile Edge Computing (MEC) Market
- 8.1.1 US Mobile Edge Computing (MEC) Market by Enterprise Size
- 8.1.2 US Mobile Edge Computing (MEC) Market by Component
- 8.1.3 US Mobile Edge Computing (MEC) Market by Application
- 8.2 Canada Mobile Edge Computing (MEC) Market
- 8.2.1 Canada Mobile Edge Computing (MEC) Market by Enterprise Size
- 8.2.2 Canada Mobile Edge Computing (MEC) Market by Component
- 8.2.3 Canada Mobile Edge Computing (MEC) Market by Application
- 8.3 Mexico Mobile Edge Computing (MEC) Market
- 8.3.1 Mexico Mobile Edge Computing (MEC) Market by Enterprise Size
- 8.3.2 Mexico Mobile Edge Computing (MEC) Market by Component
- 8.3.3 Mexico Mobile Edge Computing (MEC) Market by Application
- 8.4 Rest of North America Mobile Edge Computing (MEC) Market
- 8.4.1 Rest of North America Mobile Edge Computing (MEC) Market by Enterprise Size
- 8.4.2 Rest of North America Mobile Edge Computing (MEC) Market by Component
- 8.4.3 Rest of North America Mobile Edge Computing (MEC) Market by Application
- Chapter 9. Company Profiles
- 9.1 Nokia Corporation
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expense
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.6 SWOT Analysis
- 9.2 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Product Launches and Product Expansions:
- 9.2.6 SWOT Analysis
- 9.3 Ericsson AB
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Partnerships, Collaborations, and Agreements:
- 9.3.5.2 Product Launches and Product Expansions:
- 9.3.6 SWOT Analysis
- 9.4 IBM Corporation
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Regional & Segmental Analysis
- 9.4.4 Research & Development Expenses
- 9.4.5 SWOT Analysis
- 9.5 Microsoft Corporation
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expenses
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Partnerships, Collaborations, and Agreements:
- 9.5.6 SWOT Analysis
- 9.6 Cisco Systems, Inc.
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Regional Analysis
- 9.6.4 Research & Development Expense
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Partnerships, Collaborations, and Agreements:
- 9.6.6 SWOT Analysis
- 9.7 Dell Technologies, Inc.
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expense
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Partnerships, Collaborations, and Agreements:
- 9.7.6 SWOT Analysis
- 9.8 Hewlett Packard Enterprise Company
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expense
- 9.8.5 SWOT Analysis
- 9.9 Amazon Web Services, Inc. (Amazon.com, Inc.)
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental Analysis
- 9.9.4 Recent strategies and developments:
- 9.9.4.1 Partnerships, Collaborations, and Agreements:
- 9.9.5 SWOT Analysis
- 9.10. Intel Corporation
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 Research & Development Expenses
- 9.10.5 SWOT Analysis
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook