Press release
Global Mobile Edge Computing (MEC) Market Insights Covering Market Dynamics and Competitive Scenario through 2025
MRRSE
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The global mobile edge computing (MEC) market is led by numerous titans in the field which are coming up with advanced software and hardware solutions helping them to easily gain a competitive edge above the others, states MRRSE in its latest research report. Some of the leading companies within the global mobile edge computing market are Huawei Technologies Co., Ltd., IBM Corporation, Integrated Device Technology, Inc., PeerApp Ltd., Nokia Corporation, Intel Corporation, ADLINK Technology Inc., Juniper Networks, Inc., Saguna Networks Ltd., ZTE Corporation, Vasona Networks, Inc., and SpiderCloud Wireless, Inc. The market is dynamic in nature characterized by high competitiveness. Market players are investing extensively in cutting-edge technology to stay ahead of the game. Players are constantly looking for developing effective solutions in order to cater to the different requirements of end-use companies.
According to TMR, the global mobile edge computing (MEC) market will expand at a whopping 51% CAGR from 2017 to 2025 to be worth US$4228.3 mn by 2025. On the basis of component, the hardware segment accounted for a massive share of 80% of the total market in 2016. The entire mobile edge computing architecture is comprised of different hardware such as servers, routers, processors, and switchers, therefore it is not surprising that the hardware segment is leading and will continue to do so in the years to come.
Europe to Continue to Lead in MEC Market Boosted by High Uptake of IoT Devices
On the basis of geography, Europe is leading in the market accounting for 43.5% of the market in 2016 on account of the rising usage of data as well as growing adoption of devices which make use of the Internet of Things, thereby boosting the uptake of mobile edge computing. It is anticipated that Europe will witness and expansion of 42.8% CAGR between 2017 and 2025. As North America is home to several hardware and software manufacturers, this region will also be a key market for mobile edge computing. Promising growth can also be expected in the Middle East, South America, and Asia Pacific on account of the rising number of mobile subscribers and increasing number of IoT devices.
Low Latency Networks Needed for Entertainment and Media Behind High Demand for MEC
According to the lead author of this report, “the low latency networks required for entertainment and media purpose is one of the key factors bringing about the phenomenal growth of the global mobile edge computing market. Mobile edge computing helps boost and hasten the distribution of media services by delivering the content straight from the base station thereby improving consumer experience. MEC allows administrators to adapt to high traffic and improve network efficiency as well as service quality. This is anticipated to be the key reason behind the growing popularity of mobile edge computing technology.
The report precisely covers all the major trends and technologies playing a major role in the mobile edge computing market growth over the forecast period 2017-2025. It also highlights the drivers, restraints and opportunities expected to influence the mobile edge computing market growth during the forecast period of 2017-2025. The study provides the holistic perspective on the mobile edge computing market growth, throughout the above forecast period in terms of revenue (in US$ Million) across every region. The report also covers profiles of major players, their growth strategies, and the various recent developments.
The objective of this study is to understand the factors aiding the growth of mobile edge computing market globally. The report further aims to identify various factors that are expected to support the expansion of mobile edge computing market. The report also provides value chain analysis and porter’s five forces analysis for the mobile edge computing market. Market attractiveness analysis has also been provided for every segment in the report, in order to provide a thorough understanding of the overall scenario in the global mobile edge computing market.
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The mobile edge computing architecture is a complete combination of hardware, software and service providers. Major business strategies adopted by key players, SWOT analysis and product offerings have also been identified in the research report. The prominent service providers engaged in Mobile Edge Computing market include IBM Corporation, Huawei Technologies Co., Ltd., Integrated Device Technology, Inc., Nokia Corporation, PeerApp Ltd., Intel Corporation, Juniper Networks, Inc., ADLINK Technology Inc., Saguna Networks Ltd., Vasona Networks, Inc., ZTE Corporation, and SpiderCloud Wireless, Inc.
The Mobile Edge Computing market is segmented as below:
Global Mobile Edge Computing (MEC) Market, by Component Type
Hardware
Software
Video Analytics
Location Services
Internet of Things (IoT)
Data Caching
Connected Vehicles
Others
Service
Consulting
System Integration
Maintenance
Global Mobile Edge Computing (MEC) Market, by Industry Vertical
Media & Entertainment
Retail
IT & Telecom
Healthcare
BFSI
Others (Manufacturing & Education)
Global Mobile Edge Computing (MEC) Market, by Technology
4G
5G
Wi-Max
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