The global demand for Mobile Edge Computing Market is presumed to reach the market size of nearly USD 5991.61 MN by 2028 from USD 689.13 MN in 2021 with a CAGR of 36.2% under the study period 2022 - 2028.
Mobile Edge Computing (MEC) is an architecture of network that is an expansion of cloud computing to the edge of the network. The ETSI (European telecommunications standards institute) initiative led to the birth of MEC whose purpose is to include the fixed network, after shifting from placing the edge nodes on the mobile network. The earliest cloud computing operated on servers remote to the users and devices, however, the same work occurs on base stations, central offices, etc. with MEC. Due to MEC, the end users experience enhanced quality, decreased latency, and congestion on mobile networks. Although, MEC is turning out to be a key for new applications; it still plays a significant role in improving the performance of existing applications for content delivery and coaching. MEC is used in Cloud & Multiplayer gaming, Real-time drone detection, Video analytics, AR/VR/MR applications, connected/autonomous vehicles, etc.
Market Dynamics
The MEC opens a lot of opportunities for telcos such as improvement in network processes to achieve efficiency and cost savings, provide new applications and solutions, etc. With the advent of 5G, MEC is going to see growth as it provides decreased latency than its predecessors and high-quality speed. However, MEC is also going to face security challenges in the future. Moreover, they will also face commercialization and operationalization complications.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of mobile edge computing. The growth and trends of mobile edge computing industry provide a holistic approach to this study.
Market Segmentation
This section of the mobile edge computing market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component
- Hardware (Servers, Routers, Switches, Controllers, Gateways)
- Software (MEC Platform, Application Software)
By Application
- Location-Based Services
- Video Surveillance
- Unified Communication
- Optimized Local Content Distribution
- Data Analytics
- Environmental Monitoring
By Organization Size
- Large Enterprises
- Small And Medium-Sized Enterprises (SMEs)
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Mobile Edge Computing market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Mobile Edge Computing Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the mobile edge computing market include Adlink Technology Inc. (Taiwan), Advantech Co., Ltd. (Taiwan), Artesyn Embedded Technologies Inc. (US), Brocade Communications Systems, Inc. (US), Huawei Technologies Co., Ltd. (China), Juniper Networks, Inc. (US), Nokia Corporation (Finland), Saguna Networks Ltd. (Israel), Vapor IO, Inc. (US), and Vasona Networks, Inc. (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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