target audience: TECH SUPPLIER Publication date: Sep 2024 - Document type: Market Forecast - Doc Document number: # US47852222
Worldwide Carrier Multi-Access Edge Cloud Software Forecast, 2024–2028
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Abstract
This IDC study examines the worldwide carrier multi-access edge cloud (MEC) software market for the 2024–2028 period. IDC expects the spending on software (i.e., virtual network functions [VNFs] and NFVI) at the carrier edge cloud across the four market subsegments considered in this document to grow from $7.1 billion in 2023 to about $20.4 billion in 2028, at a CAGR of 23.3%.
"As MEC emerges as a viable option for various enterprises verticals, it is becoming a key driver of new revenue streams beyond connectivity and critical for MNOs as they attempt to monetize 5G. Although edge initiatives are mostly related to 5G era, they will also expand in the wireline areas as cable MSOs, CDN, and wireline service providers build edge platforms for speed, availability, and security for next-generation enterprise applications." — Ajeet Das, research director, Telecom Network Infrastructure at IDC