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Mobile Edge Computing (MEC) Market Aalysis With Key Market Players - BM Corporation, Huawei Technology Co. ltd., Intel Corporation, Saguna Networks Ltd., Nokia Corporation, Adlink Technology Inc.

03-12-2020 04:04 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Mobile Edge Computing (MEC) Market

Mobile Edge Computing (MEC) Market

Mobile edge computing is a network architecture that enables IT and cloud-computing capabilities at the edge of a cellular network. It is a new option for network providers challenged to meet consumer demands for improved coverage and greater bandwidth. It is mainly used to reduce network congestion and improve applications by performing related processing tasks closer to the end-user. The technology is designed to be implemented at cellular base stations, providing rapid deployment of applications and other customer services. MEC has a wide range of benefits, the main benefit of MEC is to reduce congestion on mobile networks which can be achieved by bringing data closer to the end user and streaming it directly to their phones. Organizations are adopting this technology to enhance their operations and gain real-time insights which is providing a significant mobile edge computing market growth.

Increase in the rise of data traffic and demand for low latency computing & improved Quality of Experience (QoE) drive the growth of the mobile edge computing market. In addition, proliferation of smartphones in developing nations such as India and China due to the growth in demand for real time access and social media growth and rise in focus to deliver high bandwidth and low latency fuels the growth of the mobile edge computing market. However, lack of required infrastructure & deployment capabilities and factors such as regulatory & legal framework and privacy and security concern are the factors that restrict the market growth. Furthermore, new revenue stream for service providers and opportunities for enterprises in emerging MEC application areas of AV/VR is anticipated to create major opportunities in the market.

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The mobile edge computing market is segmented into component, application, organization size, industry vertical, and region. In terms of component, it is bifurcated into solution and services. By application, it is divided into location-based services, video surveillance, unified communication, optimized local content distribution, data analytics, and environmental monitoring. By organization size, it is bifurcated into small and medium enterprises & large enterprises. As per industry vertical, it is categorized into BFSI, retail & e-commerce, manufacturing, government & defense, energy & utilities, IT & telecom, education, healthcare, and others. Region-wise, the mobile edge computing market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the mobile edge computing market are IBM Corporation, Huawei Technology Co. ltd., Intel Corporation, Saguna Networks Ltd., Nokia Corporation, Adlink Technology Inc., Advantech Co., Ltd., Artesyn Embedded Technologies Inc., Brocade Communications Systems Inc., and Juniper Networks Inc. Current and future in mobile edge computing market trends are outlined to determine the overall attractiveness of the market.

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This report provides a comprehensive analysis of

- Top impacting Growth Factors
- Competitive Analysis of Leading Market Players
- Current and Future Market Trends
- Market Segmentation
- Revenue Estimation by 2023

Access full summary report at https://www.alliedmarketresearch.com/mobile-edge-computing-market

MOBILE EDGE COMPUTING MARKET KEY SEGMENTS

By Component

o Solution
o Services

By Application

o Location-based Services
o Video Surveillance
o Unified Communication
o Optimized Local Content Distribution
o Data Analytics
o Environmental Monitoring

By Organization Size

o Small and Medium Enterprises
o Large Enterprises

By Industry Vertical

o BFSI
o Retail & E-commerce
o Manufacturing
o Government & Defense
o Energy & Utilities
o IT and Telecom
o Education
o Healthcare
o Others

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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