Worldwide Carrier Multi-Access Edge Cloud Software  Forecast, 2020-2024

Worldwide Carrier Multi-Access Edge Cloud Software Forecast, 2020-2024

  • July 2020 •
  • 20 pages •
  • Report ID: 5781690 •
  • Format: PDF
This IDC study examines the worldwide carrier multi-access edge cloud software market for 2020-2024. IDC expects spending on software (VNFs and NFVI) at the carrier edge cloud across the four-market subsegments considered in this document to grow from $2.14 billion in 2019 to about $11.15 billion in 2024, at a CAGR of 39.1%."The MEC entails a significant investment from carriers and has profound strategic implications for them. The MEC will be a key driver of new revenue streams beyond connectivity and critical for MNOs as they attempt to monetize 5G. Hence, while 2020 turns out to be a quiet year, MEC investments could potentially rebound sharply once the pandemic subsides and the factors delaying investment reduce their impact," says Rajesh Ghai, research director, Carrier Network Infrastructure, IDC.