Mobile Edge Computing Market Precise Analysis On Business Overview, Product Scope 2017 - 2025

 

Mobile Edge Computing (MEC) Market: Overview

The drive for next-gen networks in various end-use industries underscores the growing market potential of compute and resources that can transform real-time enterprises. The mobile edge computing (MEC) market encompasses a framework of IT service environment and advanced cloud computing capabilities wherein data is processed closer to the end user. The demand for networks with low latency, localized data, and advanced IoT is driving the market prospects for mobile edge computing. MEC has been instrumental in improving the quality of experience (QoE), especially in the entertainment, manufacturing, and transportation industries.

The mobile edge computing (MEC) market is projected to advance at a substantial CAGR of 51.0% during the forecast period from 2017 to 2025. The revenue is projected to expand from its valuation of US$73.8 mn in 2016 to reach US$ 4228.3 mn by 2025.

Broadly, the report segments the mobile edge computing (MEC) market based on component, technology, and industry vertical. Based on software, the segments are video analytics, location services, IoT, data caching, and connected vehicles. The key industry verticals for assessing the opportunities in the mobile edge computing (MEC) market are media & entertainment, retail, healthcare, IT & telecom, and the BFSI.

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mobile edge computing market

Hardware to Witness Constant Innovation, Substantive Demand Bolster Revenue Generation

Mobile edge computing hardware mainly comprises servers, processors, and switches & routers. The requirements of MEC hardware are varied in different end-use industries, and hence determines the hardware that will fit best in different end-use cases. Overall, the demand for hardware is massive. The hardware segment held the major global share of 80.0% in 2016, and is projected to contribute sizable opportunities in the mobile edge computing (MEC) market.

Players in recent years are actively developing mobile edge computing architecture that can be integrated with the coming 5G infrastructure. The players in the mobile edge computing market are expected to garner revenue gains from the widespread demand in autonomous driving systems and data centers.

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In particular, the rise in application of computational storage drives and high-capacity computational storage devices (CSDs) in mobile edge computing is projected to spur sales in MEC hardware. Some of the key players engaged in innovation in hardware are Intel, HP, NGD Systems, and Dell EMC.

Asia Pacific and Middle East and Africa (MEA) to Be Next Growth Engine for Global Market, Europe Market to Clock Rapid CAGR

Of the various key regions in the mobile edge computing (MEC) market, Europe held the major share amounting to 43.5% in 2016. The rapid uptake of IoT technologies in various industrial and enterprise applications has propelled abundant revenue potential for players in the region. During the forecast period, the Europe mobile edge computing (MEC) market is projected to garner CAGR of 42.8% during the forecast period.

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Proliferating number of mobile subscribers and the rapid penetration of IoT use cases in various industries are expected to accelerate growth prospects for the Asia Pacific mobile edge computing (MEC) market. South America, and the Middle East and Africa (MEA) are expected to be promising regional markets in the near future. Emerging economies are expected to be hotbed of opportunities in these regions. A key trend is the growing adoption of distributed cloud infrastructure.

Some of the key players in the mobile edge computing (MEC) market are SpiderCloud Wireless, Inc., ZTE Corporation, Vasona Networks, Inc., Saguna Networks Ltd., ADLINK Technology Inc., Juniper Networks, Inc., Intel Corporation, PeerApp Ltd., Nokia Corporation, Integrated Device Technology, Inc., Huawei Technologies Co., Ltd., and IBM.

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