What is Mobile Edge Computing Market?
Mobile edge computing, also known as Multi-access edge computing (MEC) is a type of edge computing that extends the capabilities of cloud computing by bringing it to the edge of the network. It provides a highly distributed computing environment that can be used to deploy applications and services as well as to store and process content in close proximity to mobile users. It is emerging as a very promising computation architecture by pushing computation and storage closer to end-users with both strategically deployed and opportunistic processing and storage resources.
Highlights from Mobile Edge Computing Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | IBM Corporation (United States), Huawei Technologies Co., Ltd. (China), Juniper Networks, Inc. (United States), Adlink Technology Inc. (Taiwan), Advantech Co., Ltd. (Taiwan), Artesyn Embedded Technologies Inc. (United States), Brocade Communications Systems, Inc. (United States), Nokia Corporation (Finland), Saguna Networks Ltd. (Israel), Vapor IO, Inc. (United States) and Vasona Networks, Inc. (United States) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Mobile Edge Computing market throughout the forecasted period.
IBM Corporation (United States), Huawei Technologies Co., Ltd. (China), Juniper Networks, Inc. (United States), Adlink Technology Inc. (Taiwan), Advantech Co., Ltd. (Taiwan), Artesyn Embedded Technologies Inc. (United States), Brocade Communications Systems, Inc. (United States), Nokia Corporation (Finland), Saguna Networks Ltd. (Israel), Vapor IO, Inc. (United States) and Vasona Networks, Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are ZTE Corporation (United States), SpiderCloud Wireless, Inc. (United States), PeerApp Ltd. (United States) and Integrated Device Technology, Inc. (United States). Mobile Edge Computing Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Location-Based Services, Video Surveillance, Unified Communication, Environmental Monitoring, Optimized Local Content Distribution and Data Analytics |
Type | Hardware, Software and Service |
Vertical | BFSI,Retail & E-Commerce,Manufacturing,Government & Defense,Energy & Utilities,IT & Telecom, Education,Healthcare,Others |
Enterprise | Small and Medium Enterprises,Large Enterprises |
On the basis of geography, the market of Mobile Edge Computing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rise in Focus to deliver High Bandwidth
Market Growth Drivers:
Increasing Need Among Enterprises to Deliver QOE and Rising Focus on Delivering High Bandwidth and Low Latency
Challenges:
Integration of Different Technologies at the Edge of Mobile Network
Restraints:
Lack of Required Infrastructure and Deployment Capabilities
Opportunities:
Opportunities for Enterprises in Emerging MEC Application Areas of AR/VR and New Revenue Streams for Service Providers
Key Target Audience
Mobile Edge Computing Providers, Emerging Companies, Research Professionals and End-users
In May 2020, IBM and Red hat launched New edge computing solution for the 5G Era announced new services and solutions backed by a broad ecosystem of partners to help enterprises and telecommunications companies speed their transition to edge computing in the 5G era.