Mobile Edge Computing (MEC) Market: Savvy Players Developing Effective Solutions to Beat Competition
Stiff competition characterizes the global mobile edge computing (MEC) market. Keen players wanting to succeed in the cut-throat environment are working on more effective solutions in response to the different requirement of companies. They are pouring money into engineering cutting edge technologies so as to beat competition. Big names in the industry are expending energy on developing highly advanced hardware and software solutions to capture greater market share. Such trends are responsible for making the global mobile edge computing (MEC) market highly dynamic in nature.
Download Brochure@ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=16496
Some of the key growth drivers in the global mobile edge computing (MEC) market are the increasing demand for low latency computing and improved quality of experience (QoE), increasing network traffic and data explosion and low energy consumption technique.
As per a report by Transparency Market Research, the global mobile edge computing market will likely expand at a phenomenal 51.0% CAGR during the period from 2017 to 2025. At this rate, its revenue is projected to become US$4228.3 mn by 2025 from US$73.8 mn in 2016.
Demand for HD Likely to Catalyze Market Growth
The global mobile edge computing market can be classified based upon component into hardware, software, and service. Of them, the hardware segment held a lion’s share of 80.0% in the market in 2016. This is because the entire mobile edge computing architecture is comprised of different hardware, namely servers, processors, routers, and switchers. In the foreseeable future too, the segment is predicted to surpass others in terms of growth.
At present, several hardware and software vendors are facing challenges to integrate mobile edge computing architecture with the help of 4G LTE network. However, deployment of 5G infrastructure will likely help overcome the challenge. The high demand for HD and 4K live video streaming is also predicted to catalyze growth in the market.
Emerging Economies to Power Growth due to Penetration of Smartphones
From a geographical standpoint, Europe accounts for a leading share in the global mobile edge computing (MEC) market. In 2016, its market accounted for a share of 43.5%. This is mainly on the back of growing uptake of mobile edge computing on account of increasing monthly data usage and the rising adoption of devices having Internet of Things (IoT). In the next few years, the Europe mobile edge computing (MEC) market is predicted to register a CAGR of 42.8%.
North America is another crucial market for mobile edge computing (MEC), which is being fuelled by the U.S. North America is home to most of the hardware and software vendors and is expected to remain a key contributor in the next couple of years as well.
Asia Pacific, South America, and the Middle East are slated to be the most promising markets going forward because of the burgeoning mobile subscribers and IoT devices that support market growth for mobile computing market. At present, the global mobile edge computing (MEC) market is being driven by the demand from developed nations, particularly those in Europe and North America. In future, it will be the emerging economies in Asia Pacific and the Middle East and Africa.
Browse Report@ https://www.transparencymarketresearch.com/mobile-edge-computing-market.html
Some such prominent names in the global mobile edge computing (MEC) market are IBM Corporation, Huawei Technologies Co., Ltd., Integrated Device Technology, Inc., Nokia Corporation, PeerApp Ltd., Intel Corporation, Juniper Networks, Inc., ADLINK Technology Inc., Saguna Networks Ltd., Vasona Networks, Inc., ZTE Corporation, and SpiderCloud Wireless, Inc.
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
90 State Street,
Albany NY - 12207
This release was published on openPR.
Permanent link to this press release:
You can edit or delete your press release Mobile Edge Computing (MEC) Market: Savvy Players Developing Effective Solutions to Beat Competition here
News-ID: 848151 • Views: 225
More Releases from Transparency Market Research
Latest TMR Report Explores Impact of COVID-19 Outbreak on Industrial Air Compres …
Industrial Air Compressor Market: Introduction The global industrial air compressor market is anticipated to reach US$ 26.6 Bn by 2030. The industrial air compressor market is projected to expand at a CAGR of ~4% from 2020 to 2030 based on revenue. According to the report, Asia Pacific was a significant contributor to the industrial air compressor market in terms of revenue in 2019. The prominent market share of the region is
Automotive Head-up Display (HUD) Market is projected to surpass US$ 4.7 Bn by 20 …
Automotive Head-up Display (HUD) Market: Introduction According to the report, the global automotive head-up display (HUD) market is projected to surpass US$ 4.7 Bn by 2030, expanding at a CAGR of ~22% during the forecast period. Rise in demand for comfort and safety features in vehicles is likely to boost the automotive head-up display (HUD) market across the globe. Increase in preference for utility vehicles and luxury vehicles, in conjunction with
Understanding Impact of COVID-19 on Retail Clinics Market
Global Retail Clinics Market – Overview Retail clinics are the ones that provide primary healthcare services across departmental stores, supermarkets, and retail stores. These clinics have a registration desk, a waiting area, washroom, a couple of examination rooms, and a small desk for reception. These retail clinics are gaining immense popularity as they are highly beneficial for public health, easily accessible, and also help in reducing the pressure on public healthcare
Potential Impact of COVID-19 on Self-tanning Products Market
Self-tanning Products Market: Introduction Transparency Market Research delivers key insights on the global self-tanning products market. In terms of revenue, the global self-tanning products market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global self-tanning products market report. Obtain Report Details @ https://www.transparencymarketresearch.com/self-tanning-products-market.html In terms of type, the self-tanning products market has been segmented
More Releases for MEC
CASwell MEC-1100 and MEC-1200 Industrial IoT Gateways & Control Systems for Smar …
Taipei, Taiwan - November 6th, 2018 - CASwell has released the new industrial-grade MEC-1100 and MEC-1200 IoT gateways to enhance control and sensoring in smart factories but also for monitoring and managing energy control systems, especially with renwable energies where the highest resource utilization is indispensable. Both compact and highly integrated solutions are based on the Intel Apollo Lake-I platform using the Intel Atom E3900 series of SoC and up to
MEC Announces Upcoming Webinar on 6th of September
Manila, September 4, 2018: Managing Elderly Care cordially invites you to a captivating presentation entitled: “We don't talk about sex. We're Asians.” presented by Dr. Martha Tara Lee, a recognized Relationship Counselor, and Clinical Sexologist. This webinar will be on Thursday, September 6, 2018, at 10:00 AM Singapore Standard Time. The session will discuss how to begin to understand the importance of sex and sexuality for our patients and how to
Global Refrigerated Counter Market 2018 - ITW, Arctic Air, MEC, IGLOO, Carrier
Apex Market Reports, recently published a detailed market research study focused on the “Refrigerated Counter Market” across the global, regional and country level. The report provides 360° analysis of “Refrigerated Counter Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Refrigerated Counter on
Mobile Edge Computing (MEC) Market sizes and predictions for growth
MarketResearchReports.Biz adds “Global Mobile Edge Computing (MEC) Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the Mobile Edge Computing (MEC) and the growth estimates for the forecasted period. The main objective of this report is to aid the user in understanding the market as a whole, its definitions, segmentation, market potential, influential trends, and the barriers that it is
Global Mobile Edge Computing (MEC) Market Emerging Projects & Recent Development …
Qyresearchreports include new market research report "Global Mobile Edge Computing (MEC) Market SizeStatus and Forecast 2025" to its huge collection of research reports. A newly added research report about the global market for Mobile Edge Computing (MEC) produces a 360-degree overview of it. The report brings to the fore important details and elucidates every aspect expected to mold its path going forward. It sheds light on stimulants and deterrents affecting the
Mobile Edge Computing (MEC) Market Competitive Landscape by 2024
Mobile edge computing (MEC) is a platform used to deploy services inside the radio access network (RAN) to enhance user knowledge. It provides a capability that empowers workers to improve latency sensitive services. In other words, MEC is a platform used to bring an IT service and cloud computing environment to support content suppliers and application developers. Some of the notable characteristics of this environment includes high frequency range and