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Mobile edge computing is a network architecture that enables the capabilities of IT and cloud computing at the edge of a cellular network. There is a new choice for network operators that are struggling to satisfy customer expectations for better coverage and increased bandwidth. It is primarily used for conducting similar processing activities closer to the end-user to minimize network congestion and optimize applications. The platform is optimized for implementation at cellular base stations, offering rapid device deployment and other customer services. Mobile edge computing has a wide variety of benefits; mobile edge computing's key advantage is to minimize congestion on mobile networks that can be accomplished by getting the data closer to the end-user and transmitting it directly to their phones. Organizations are embracing this technology to improve their operations and obtain real-time insights that provide substantial market growth for mobile edge computing.
Companies across industries are beginning to drive new levels of efficiency and productivity by introducing numerous technical advances, such as sensors, and other devices that produce and collect data, along with analytical tools. Data processing and research are typically carried out in the cloud or data centers. However, the situation seems to shift with the growing proliferation of innovations and initiatives related to the network, such as smart manufacturing, smart cities, etc.
The growth in technology adoption by telecommunications companies is expected to open up new opportunities in the mobile edge computing market space. Mobile edge computing helps businesses to reduce network congestion by taking processing tasks and running applications closer to cellular customers and maintaining better device performance. In addition, mobile edge computing implementation at mobile base stations or edge nodes is expected to facilitate the rapid and flexible deployment of new customer services and applications, which promises a healthy growth of the market.
The increasing need among enterprises
As the number of interconnected devices increases, mobile data grows exponentially, leading to increased demand for telecom and network services. Telecommunication companies are constantly under pressure to deliver quality services to subscribers, as the desire for mobile data including mobile video services is increasing rapidly. Mobile edge computing is a network architecture allowing operators to provide new services on the edge of mobile networks. Operators leverage advanced technologies such as Network Functions Virtualization (NFV), Virtualized RAN (vRAN), and SDN, enabling them to develop new kinds of context-aware and value-added services. Application providers, multinational organizations, and providers of infrastructure are developing innovative applications to take advantage of RAN capabilities. Mobile edge computing enables service deployment within the RAN to improve user experience and provide a capability that enables operators to manage latency-sensitive services more effectively. In addition, the close proximity of mobile edge computing components at the edge improves the QoE considerably. Multinational organizations are immensely adopting the mobile edge computing technology to deliver Quality of Service (QoS) and QoE to the subscribers.
The development of edge Artificial Intelligence (AI) is continuously expanding due to the increase in the number of connected devices worldwide, which is expected to boost the growth of the edge computing market in the coming years. It is expected that Edge AI will allow real-time operations, including data creation, reduced power consumption, and reduced data communication costs for wearable devices and self-driving cars
With the rise in huge amounts of data generated from millions of subscribers streaming terabytes of videos, music, and social networking on a daily basis, businesses are facing high network load, and rising demand for network bandwidth is expected to cater for the increase in spectrum bandwidth along with ultra-low latency. However, the factors that limit market growth are the lack of required infrastructure & deployment capabilities and factors such as regulatory & legal framework and privacy & security concerns. In addition, a new revenue stream for service providers and enterprise opportunities in emerging AV / VR mobile edge computing application areas is expected to create major market opportunities.
By Organization Size
In 2019 North America dominated the market and had the largest share of revenue. Growth is attributable to increased technology adoption among US manufacturers. Increasing numbers of start-ups developing advanced, technology-based business solutions are driving the regional market. Over the forecast period Asia Pacific is expected to witness the highest CAGR. Increasing acceptance of mobile edge computing solutions in this region is due to the large subscriber base which appears to be positive for companies. The mobile edge computing technology would help multinational organisations to monetize their applications and improve the margins for profit.
The report also covers detailed competitive analysis of major market players of global mobile edge computing market such as Adlink Technology Inc., Advantech Co. Ltd., Artesyn Embedded Technologies Inc., brocade communications systems inc., Huawei Technologies Co. Ltd., Juniper Networks Inc., Nokia Corporation, Saguna Networks Ltd., Vapor IO Inc., Vasona Networks inc. and other major & niche players. The global market for mobile edge computing is witnessing a wide range of industry activities such as product launch, innovation, acquisition, partnership, research & development and expansion across the globe.
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa and Rest of Middle East & Africa)
The report profiles various major market players such as
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities). The study also provides company’s positioning and market share of the overall market.
Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges, and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyses the global femtocells market by the following segments:
Customization: We also offer customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Mobile Edge Computing Industry Report
The report offers a comprehensive insight on the Mobile Edge Computing (MEC) Market share, competitor landscape, market trends, growth, revenue, and key driver’s analysis with coverage of key players, top geographies, product types and end user.
Exhaustive secondary research and in-depth primary interviews with industry experts has been conducted to present qualitative and quantitative insights in the report.
We offer customizations as per client’s specific needs.