REDWOOD CITY, Calif., Aug. 10, 2021 /PRNewswire/ -- According to a newly published forecast report by Dell'Oro Group, the trusted source for market information about the telecommunications, networks, and data center IT industries, Multi-Access Edge Computing (MEC) investments to grow at a 140 percent compounded annual growth rate (CAGR) in Servers and Packet Core User Plane Functions over the next five years. MEC specifications need to evolve for federated MEC networking to address broader requirements in the market.
"The cumulative five-year investment in MEC is expected to be $11 B," stated David Bolan, Research Director at Dell'Oro Group. "Though the CAGR is the same as our previous forecast, the cumulative forecast has decreased due to a slower than anticipated wide-scale launches of 5G Standalone (5G SA) networks. This may be due to 5G service providers (SPs) investigating the role that Public Cloud SPs could play in their networks."
"Another factor may be the need for specifications for federated MEC networking," commented Bolan. "European Telecommunications Standards Institute (ETSI) MEC committee and GSM Association (GSMA) Operator Platform Group just released their requirements for federated MEC networking, identifying seven uses cases that the SP community needs," added Bolan.
Dell'Oro Group's Multi-Access Edge Computing Advanced Research Report offers a complete overview of the market opportunity for the Infrastructure Edge to reduce latency. MEC is a new networking technology designed to capitalize on the opportunity. The market is segmented by Public MEC and Private MEC, and offers a worldwide view of the total available market in revenue and units. The MEC Report includes Definition and Scope, Market Drivers, Use Cases, System Architecture, Vendor Ecosystem, US MEC System Deployment Model, and a 5-year MEC Revenues and Shipments Forecast for Servers and the packet core User Plane Functions. To purchase the report, please contact us at [email protected].
Dell'Oro Group is a market research firm that specializes in strategic competitive analysis in the telecommunications, networks, and data center IT markets. Our firm provides in-depth quantitative data and qualitative analysis to facilitate critical, fact-based business decisions. For more information, contact Dell'Oro Group at +1.650.622.9400 or visit www.delloro.com.
SOURCE Dell'Oro Group