Mobile Edge Computing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2032

The research study conducted by Report Ocean on the "Mobile Edge Computing Market" spans over 100 pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each section of the report is meticulously prepared to scrutinize key aspects of the market. Moreover, it includes a detailed analysis of current applications, comparing them while focusing on opportunities, threats, and conducting a competitive analysis of major companies.

Mobile Edge Computing Market is valued approximately USD 620.27 Million in 2021 and is anticipated to grow with a healthy growth rate of more than 35.20% over the forecast period 2022-2029. Mobile Edge Computing also known as multi-access computing, can be defined as the near-real-time processing of large amounts of data produced by edge devices and applications closest to where it's captured. The application of MEC reduces the distance between where data is produced, collected, and analyzed in the cloud. Processing is performed done virtually with the help of wireless devices within a cloud network. The rising automation spending across the industries and growing need for real-time automated decision-making solutions are key factors driving the market growth.

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The rising automation spending across the industries is contributing towards the growth of the Global Mobile Edge Computing market. For instance - as per Statista - in 2020, the global industrial automation market was valued at USD 175 billion, and the market is projected to grow at a compound annual growth rate (CAGR) of around nine percent until 2025. Further, in 2025, the size of the global industrial automation market would reach to USD 265 billion. Also, growing emergence of extended reality technology and rise in autonomous and connected automobile infrastructure would create lucrative growth prospectus for the market over the forecast period. However, the high deployment cost along with infrastructural limitations stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Mobile Edge Computing Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the availability of leading market players along with required technological infrastructure in the region. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising automation across different industries as well as increasing penetration of leading market players in the region.

Major market player included in this report are:
Adlink Technology Inc. (Taiwan)
Advantech Co., Ltd. (Taiwan)
Artesyn Embedded Technologies Inc. (California, US)
Brocade Communications Systems, Inc. (California, US)
Huawei Technologies Co., Ltd. (Shenzhen, China)
Juniper Networks, Inc. (California, US)
Nokia Corporation (Espoo, Finland)
Saguna Networks Ltd. (Israel)
Vapor IO, Inc. (Texas, US)
Vasona Networks, Inc. (California, US)

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Recent Developments in the Market:
In May 2020, IBM in collaboration with Red Hat launched New Edge Computing Solutions for the 5G. These new offerings run on Red Hat OpenShift enterprise Kubernetes platform that runs on different across the data center to multiple public clouds to the edge.

Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Component, Application, Organization Size, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below.

By Component:
Hardware
Software

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

By Organization Size:
Large Enterprises
Small and Medium-sized Enterprises (SMEs)

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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

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Key Questions Answered in the Market Report:
• How did the COVID-19 pandemic have an impact on the adoption of via a range of pharmaceutical and existence sciences companies?
• What is the outlook for the affect market all through the forecast length 2023-2032?
• What are the key developments influencing the have an impact on market? How will they have an impact on the market in short-, mid-, and long-term duration?
• What is the give up person appreciation toward?
• What are the key elements impacting the have an effect on market? What will be there have an impact on in short-, mid-, and long-term duration?
• What are the key possibilities areas in the influence market? What is their workable in short-, mid-, and long-term duration?
• What are the key techniques adopted via groups in the have an effect on market?
• What are the key utility areas of the influence market? Which utility is predicted to keep the very best increase attainable all through the forecast duration 2023-2033?
• What is the favoured deployment mannequin for the impact? What is the boom conceivable of quite a number deployment fashions existing in the market?
• Who are the key cease customers of pharmaceutical quality? What is their respective share in the affect market?
• Which regional market is predicted to maintain the easiest boom possible in the have an impact on market at some stage in the forecast length 2023-2032?
• Which are the key gamers in the have an impact on market?

Growth Hampering Factors in the Market:
• Environmental regulations: Stricter environmental regulations on the production and use of fossil fuels can limit the availability and use of traditional market.
• Safety concerns: Safety concerns regarding the storage and transportation of can limit their use.
• Supply chain disruptions: Disruptions in the global supply chain due to natural disasters, pandemics, or other factors can impact the availability and cost of market.
• Security concerns: Security concerns regarding the transportation and storage of market can limit their use and availability.
• Technological obsolescence: Advances in technology can make existing systems obsolete, leading to reduced demand.
• Competition from alternative fuels: The development of alternative fuels such as biofuels and hydrogen-based fuels can compete with traditional market.
• Volatility in oil prices: Fluctuations in oil prices can affect the cost of market, making it difficult for industry players to predict and plan for costs.
• Economic downturns: Economic downturns can result in reduced demand for air travel and air cargo transportation, leading to a reduction in demand for market.
• Geopolitical tensions: Political instability and tensions between nations can impact the global supply chain for market, leading to supply disruptions and price fluctuations.

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