Verizon Sees $30 Billion Addressable Opportunity for Multi-Access Edge Computing

Verizon Business believes the edge computing market it can address is worth $1 billion by the end of 2021 and will grow to $10 billion by 2025. 

Verizon’s public multi-access edge computing approach builds on a partnership with Amazon Web Services. The AWS Wavelength service makes the one-million AWS developer community available to the nearly 170 million end-devices across Verizon’s 4G and 5G networks at the edge, the company says. 

The AWS Wavelength deal has Verizon supplying the edge real estate while AWS supplies the compute platform. Both Verizon and AWS get recurring revenue share from client workloads at the edge.  

Verizon’s private MEC service is built on a partnership with Microsoft. The Verizon Private Edge service combines Microsoft Azure cloud and edge computing with 5G on the customer premises. Verizon says that will create a connectivity opportunity reaching $10 billion by about 2025. 

Verizon Business also expects to develop enterprise solutions in logistics, predictive maintenance, robotics and factory automation, which Verizon estimates are a $12 billion opportunity by 2025 with partners such as IBM, Cisco, Deloitte and SAP.

Altogether, Verizon estimates demand for MEC services is a market that exceeds $30 billion by 2025, though not all the revenue can be harvested by Verizon, as other partners will gain. Many would argue most of the revenue will be gained by the partners.