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The global multi-access edge computing (MEC) market is growing as telecom operators and cloud providers launch commercial services and begin to scale. 5G technology offers lower latency and higher capacity. Together with MEC, it brings computing power closer to customers, enabling new applications and experiences. Telecom operators now deploy smaller data centers closer to customers at the network’s edge to optimize application performance. However, telecom operators cannot implement and manage MEC alone. They must establish partnerships and an application ecosystem to seize growth opportunities in the MEC space. Telecom operators have started partnering with cloud providers such as Amazon Web Services, Microsoft Azure, Google Cloud, and IBM Cloud to improve the performance of mission-critical applications and enable new applications over wireless networks.

The MEC market presents growth opportunities in various consumer and enterprise use cases and applications that require low-latency connectivity to boost the user experience. For consumers, innovative applications for MEC include 5G gaming and augmented reality, virtual reality, and ultra-high-definition streaming.