Press release
Mobile Edge Computing Market SWOT Analysis, Latest Innovations, Emerging Trends, Industry Size, Growth Outlook and Forecast 2030
Mobile Edge Computing Market | Emergen Research
Mobile edge computing is one of the defining technologies for visualizing IoT, which simply entails computational speed and processing at network's edge. Many issues associated with proliferation of cloud networks can be addressed by enabling connectivity at network's edge and boosting network performance while lowering latency. Growing implementation of IoT is gaining significant traction from various industrial verticals to improve flow of business operations.
Number of IoT connections grew by 8% in 2021 from the previous year and in 2023, number of IoT-enabled devices globally is estimated to rise to 43 billion. In addition, increasing penetration of smart devices has helped implementation of IoT technologies. It is expected that investments in IoT will increase significantly due to introduction of new sensors, enhanced computing power, and better network connectivity, which is expected to boost revenue growth of the mobile edge computing market.
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recent trend to use mobile edge computing in Virtual Reality (VR) creates ample opportunities for the market. VR has been one of the most talked-about technologies in recent years and many organizations believe that it will change the way of their interaction with digital content. However, one of the most difficult issues that VR faced is latency or time it takes for signals to be sent and received over long distances, which can produce motion sickness in certain VR users. With the help of edge computing technologies, these issues can be resolves.
The latest market intelligence report, titled 'Global Mobile Edge Computing Market', is intended to provide the target audience with the necessary information about the global Mobile Edge Computing industry. The report comprises a detailed analysis of the vital elements of the Mobile Edge Computing market, including key drivers, constraints, opportunities, limitations, threats, and micro-and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the Mobile Edge Computing market dynamics that helps market analysts estimate the global market growth rate over the projected timeline.
Some major companies operating in the global market include
Adlink Technology Inc., Artesyn Embedded Technologies Inc., Juniper Networks, Inc., IBM Corporation, Intel Corporation, Brocade Communications Systems, Inc., Huawei Technologies Co., Ltd., Vasona Networks, Inc., Vapor IO, Inc. and Saguna Networks Ltd.
Key Highlights From the Report
The data analytics segment will register a steady revenue growth rate over the forecast period due to increasing demand for mobile edge computing on big data analysis. Major telecom operators and IT firms are recently using edge computing technologies for big data analysis. Enterprises can use distributed systems by processing data on edge device and transmitting important data to cloud to be processed, analyzed, or saved, with the combination of edge computing and cloud computing solutions.
The Small and Medium-Sized Enterprises (SMEs) segment revenue is expected to increase at a steady rate over the forecast period due to rising demand for edge computing among SMEs. Small and Medium-sized Enterprises (SMEs) frequently use on-site edge computing technologies as independent nodes of their IT to overcome slow internet connections or insufficient bandwidth. Edge computing provides faster response times than a connection to a central data center and reduces volume of data required in cloud due to local data processing.
The North America market accounted for largest revenue share in 2021 due to increasing demand for low-latency to process high volume of data and real-time automotive decision-making systems for autonomous vehicles.
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Emergen Research has segmented global mobile edge computing market based on component, organization size, application, and region:
Component Outlook (Revenue, USD Million; 2019-2030)
Hardware
Software
Services
Organization Size Outlook (Revenue, USD Million; 2019-2030)
Large Enterprises
Small and Medium-sized Enterprises (SMEs)
Application Outlook (Revenue, USD Million; 2019-2030)
Location-based Services
Unified Communication
Data Analytics
Environmental Monitoring
Optimized Local Content Distribution
Video Surveillance
Regional Segmentation
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Mobile Edge Computing market?
What are the key product types and applications of the Mobile Edge Computing industry?
What is the outcome of SWOT analysis and Porter's Five Forces analysis?
How is the competitive landscape of the Mobile Edge Computing market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Mobile Edge Computing Market by 2030?
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