Mobile Edge Computing Market Forecast: Growth, Trends, and Opportunities | Advantech Co., Ltd., Johnson Controls International plc, Hewlett Packard Enterprise Development LP

Latest Market Research Report Study on Mobile Edge Computing Market

Global Mobile Edge Computing Market reached US$ 0.6 billion in 2022 and is expected to reach US$ 3.1 billion by 2030, growing with a CAGR of 26.3% during the forecast period 2024-2031.

Mobile Edge Computing Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Mobile Edge Computing (MEC), now referred to as Multi-access Edge Computing, is a network architecture concept that brings cloud computing capabilities closer to end-users by deploying IT services at the edge of cellular networks. This approach reduces latency, enhances application performance, and alleviates network congestion by processing data near its source. MEC enables flexible deployment of applications and services, benefiting sectors like automotive, IoT, and mobile communications.

List of the Key Players in the Mobile Edge Computing Market:

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.

Industry Development:

In September 2022, Nokia and Flex Brazil collaborated to implement 5G Standalone (SA) private wireless networks across Flex's manufacturing facilities in Brazil. This partnership aims to harness 5G technology to enhance manufacturing processes by providing reliable connectivity, efficient data transfer, and flexible production layouts. Nokia's Digital Automation Cloud (DAC) will deliver on-demand private wireless services, complemented by MX Industrial Edge computing and digital-enabling applications.

In October 2022, Verizon joined forces with Reset Digital to introduce a neuro programmatic approach to audience engagement. Reset Digital's Neuro programmatic advertising platform enables brands to connect with omnichannel audiences based on their motivations, extending reach across diverse communities, including underrepresented groups.

Growth Forecast Projected:

The Global Mobile Edge Computing Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Mobile Edge Computing Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Mobile Edge Computing Market:

By Component: Software, Hardware, Services

By Organization Size: Large Enterprises, SMEs

By Application: Smart Cities, IoT, Content Delivery, Augmented Reality, Others

By End-User: Manufacturing, Energy and Utilities, Retail and Consumer Goods, Media and Entertainment, Transportation and Logistics, Others

Regional Analysis for Mobile Edge Computing Market:

The regional analysis of the Mobile Edge Computing Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Mobile Edge Computing market?

➠ Who are the leading manufacturers in the global Mobile Edge Computing industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Mobile Edge Computing industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Mobile Edge Computing market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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