Mobile Edge Computing Market 2021 Trending Technologies, Innovations, New Developments, Key Players And End-Use Industry: SK Telecom Co. Ltd., Nokia Corporation, Telefonaktiebolaget LM Ericsson, Saguna Networks Ltd.

MarketInsightsReports has published a report entitled Global Mobile Edge Computing Market Research Report 2021 that is a detailed observation of several aspects, including the rate of growth, technological advances and various strategies implemented by the main current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.

The Mobile Edge Computing Market was valued at USD 186.2 Million in 2019, and it is estimated to be worth USD 736.18 Million by 2025, registering a CAGR of 26.4% during the forecast period (2020 - 2025)

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Key Market Players: SK Telecom Co. Ltd., Nokia Corporation, Telefonaktiebolaget LM Ericsson, Saguna Networks Ltd., AT&T Inc., Huawei Technologies Co. Ltd., ADLINK Technology Inc., SMART Embedded Computing (Artesyn Embedded Technologies), ZephyrTel Inc. (ESW Capital Group Company), Quortus Limited  and Other

Industry News and Updates:

- March 2020 - Nokia has announced that it is adding 5G and edge capabilities to its Worldwide IoT Network Grid (WING) managed service. As part of the 5G introduction, Nokia said that WING allows the user plane functions to be separated and extended to the far network edge or enterprise premises, ensuring ultra-low latency. In parallel, this distributed WING infrastructure can be enhanced with multi-access edge computing (MEC) technology, improving the ability to support compute-intensive IoT services such as AR/VR maintenance, and cellular vehicle-to-everything (C-V2X) use cases.
- January 2020 - SK Telecom announced that it had accomplished a standalone (SA) 5G data call on its commercial 5G network. The data call used network equipment from both Ericsson and Samsung. The company said that it has also applied critical 5G technologies such as network slicing and mobile edge computing (MEC) to its SA 5G network. Network slicing partitions a single physical system into multiple virtual mobile networks. Mobile Edge Computing minimizes latency in a 5G network by providing a shortcut for data transmission through the installation of small-scale data centers at 5G base stations.

Key Market Trends

Telecommunication is Expected to Hold Major Share

- Telecommunications is one of the fastest evolving industries in the global market. It is currently in the process of upgrading its infrastructure to prepare for the 5G transition, which makes it a suitable time for telecom end-users to invest in the mobile edge computing resources.
- With the rise in an enormous amount of data, generated from millions of subscribers streaming terabytes of videos, music, and social networking every day, enterprises are facing high network load, and increasing demand for network bandwidth is expected to cater by the increase in the spectrum bandwidth along with ultra-low latency rate.
- As 5G deployment is gaining traction worldwide, MEC architecture is evolving quickly to keep up with the expansion of 5G networks. Companies in the market are integrating MEC with 5G to distribute networking demands effectively.
- Tremendously improved capabilities could be handled on an exponentially increasing number of connected devices, enabling a wide range of latency and bandwidth dependent, cross-industry technologies and applications including artificial intelligence (AI) and the Internet of Things (IoT), machine learning, autonomous vehicles, connected cars.
- In March 2019, SK Telecom announced the launch of its 5G Mobile Edge Computing Open Platform. By opening up the 5G Mobile Edge Computing Platform, SK Telecom will secure the basis for expanding the MEC-related ecosystem and accelerating the release of 5G services.

North America is Expected to Hold Major Share

- North America is home to the three major cloud service providers, Amazon Web Services, Microsoft s Azure, and Google Cloud. This region is also the hub for all the major technological innovations such as 5G, autonomous driving, IoT, Blockchain, gaming, and Artificial Intelligence, among others.
- This region is known to be an early adopter of new technologies. Most new technologies at present are data intensive. They create, process, and transfer large amounts of data, due to which the current infrastructure, consisting of data centers and cloud, is inching toward its maximum capacity.
- With the number of new data generated and used at present, these infrastructures wont be able to support the needs of their customers. Of all the parameters involved, latency is going to be the most crucial factor for the business. Most businesses rely on real-time data access and processing, so low latency could disrupt their whole process. This is where edge computing has helped infrastructure developers address the issue. With new technologies maturing, edge computing is expected to have a significant impact.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Mobile Edge Computing market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Mobile Edge Computing market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Mobile Edge Computing market.

Market Segments: This part of the report discusses product type and application segments of the global Mobile Edge Computing market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Mobile Edge Computing used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format

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How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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