Mobile Edge Computing Market Study Report Based on Size, Shares, Opportunities, Industry Trends and Forecast to 2030
According to Emergen Research, the global mobile edge computing market is expected to reach USD 488.4 million in 2021, with a revenue CAGR of 31.2% during the forecast period. The growing adoption of the Internet of Things (IoT) in mobile edge computing is the primary driver of market revenue growth. One of the defining technologies for visualising IoT is mobile edge computing, which simply refers to computational speed and processing at the network’s edge. Many issues associated with cloud network proliferation can be addressed by enabling connectivity at the network’s edge and increasing network performance while decreasing latency.
The increasing need among enterprises to deliver QOE, as well as rising demand for low-latency processing and real-time automated decision-making solutions, are driving the growth of this market. Furthermore, the emergence of self-driving cars and connected car infrastructure, as well as emerging MEC application areas of AR/VR, presents significant opportunities for the growth of the mobile edge computing market. However, a lack of required infrastructure and deployment capabilities limits the market’s growth to some extent.
Mobile data is growing exponentially as the number of interconnected devices grows, resulting in an increase in demand for telecom and network services. MNOs are under constant pressure to provide quality services to subscribers as the demand for mobile data, including mobile video services, grows. MEC is a network architecture that allows operators to provide new services at the mobile network’s edge. Operators use advanced technologies like Network Functions Virtualization (NFV), virtualized RAN (vRAN), and SDN to create new context-aware and value-added services. Application providers, MNOs, and infrastructure providers are working together to create innovative applications that take advantage of RAN capabilities.
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Some Key Highlights from the Report
Due to increased demand for mobile edge computing on big data analysis, the data analytics segment will see consistent revenue growth over the forecast period. Edge computing technologies have recently been used by major telecom operators and IT firms for big data analysis. With the combination of edge computing and cloud computing solutions, enterprises can use distributed systems by processing data on edge devices and transmitting important data to the cloud to be processed, analysed, or saved.
The revenue of the Small and Medium-Sized Enterprises (SMEs) segment is expected to rise steadily over the forecast period due to rising demand for edge computing among SMEs. To overcome slow internet connections or insufficient bandwidth, SMEs frequently use on-site edge computing technologies as independent nodes of their IT. Because of local data processing, edge computing provides faster response times than a connection to a central data centre and reduces the volume of data required in the cloud.
Due to increased demand for low-latency data processing and real-time automotive decision-making systems for autonomous vehicles, the North American market will account for the largest revenue share in 2021. Furthermore, the region’s rapid adoption of Virtual Reality (VR) and Augmented Reality (AR), particularly in the United States, is expected to support market revenue growth in this region.
Adlink Technology Inc., Artesyn Embedded Technologies Inc., Juniper Networks, Inc., IBM Corporation, Intel Corporation, Brocade Communications Systems, Inc., Huawei Technologies Co., Ltd., Vasona Networks, Inc., Vapor IO, Inc., and Saguna Networks Ltd. are some of the major companies operating in the global market.
Emergen Research has segmented global mobile edge computing market based on component, organization size, application, and region:
Component Outlook (Revenue, USD Million; 2019-2030)
Organization Size Outlook (Revenue, USD Million; 2019-2030)
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
Application Outlook (Revenue, USD Million; 2019-2030)
- Location-based Services
- Unified Communication
- Data Analytics
- Environmental Monitoring
- Optimized Local Content Distribution
- Video Surveillance
Regional Outlook (Revenue, USD Million; 2019–2030)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- North America
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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