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Mobile Edge Computing Market Size,Share,Trends Analysis Report and Forecast (2024-2031)
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Market Dynamics
5G offers significantly higher bandwidth compared to previous generations. Mobile edge computing leverages this bandwidth to process and deliver data-intensive applications, such as 4K video streaming, cloud gaming and large-scale IoT deployments. Mobile edge computing complements this by tailoring edge computing resources to the specific requirements of each network slice, ensuring optimal performance. Mobile edge computing enhances security and data privacy by processing sensitive information locally and this minimizes the exposure of data during transit to centralized data centers.For instance, on 2 February 2021, Singapore's Singtel launched 5G edge compute infrastructure for enterprises, offering Microsoft Azure Stack as one of the options and this allows enterprises to process applications such as autonomous guided vehicles, drones, robots and mixed reality closer to their end-users. With Singtel's 5G network, these applications can be delivered with low latency of less than 10 milliseconds.
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Segment Analysis
The global mobile edge computing market is segmented based on component, organization size, application, end-user and region.Cloud-Native Technologies and Edge Network Deployment Boosts the Market Mobile edge computing software leverages cloud-native technologies such as containerization and microservices which allows for scalable and flexible deployment of edge applications, making it easier for developers to create and manage mobile edge computing services. Intelligent decision-making in real-time has been rendered feasible by mobile edge computing software, which is essential for applications like autonomous vehicles, smart cities and predictive maintenance.
Competitive Landscape
The major global players in the market include Advantech Co., Ltd., Johnson Controls International plc, Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Ltd., Juniper Networks, Inc., SAGUNA Network LTD, SMART Global Holdings, Inc., Vapor IO, Inc., Nokia Corporation and Skyvera.
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