The global mobile edge computing market size reached USD 488.4 Million in 2021 and is expected to register a revenue CAGR of 31.2% during the forecast period, according to latest analysis by Emergen Research. Increasing adoption of Internet of Things (IoT) in mobile edge computing is the key factor driving market revenue growth. Mobile edge computing is one of the defining technologies for visualizing IoT, which simply entails computational speed and processing at network’s edge. Many issues associated with proliferation of cloud networks can be addressed by enabling connectivity at network’s edge and boosting network performance while lowering latency. Growing implementation of IoT is gaining significant traction from various industrial verticals to improve flow of business operations. Number of IoT connections grew by 8% in 2021 from the previous year and in 2023, number of IoT-enabled devices globally is estimated to rise to 43 billion. In addition, increasing penetration of smart devices has helped implementation of IoT technologies. It is expected that investments in IoT will increase significantly due to introduction of new sensors, enhanced computing power, and better network connectivity, which is expected to boost revenue growth of the mobile edge computing market.
recent trend to use mobile edge computing in Virtual Reality (VR) creates ample opportunities for the market. VR has been one of the most talked-about technologies in recent years and many organizations believe that it will change the way of their interaction with digital content. However, one of the most difficult issues that VR faced is latency or time it takes for signals to be sent and received over long distances, which can produce motion sickness in certain VR users. With the help of edge computing technologies, these issues can be resolves. In addition, by using edge computing, users will be able to adopt wireless connections to produce VR graphics and send them to headsets. Rising adoption of edge computing on VR prompts companies to launch new technologies in the market. For instance, in October 2021, Bridge Alliance which is an alliance of 34 major mobile telecommunications companies in Asia, has formed a strategic partnership with TM Forum, which is a fellow mobile trade association, to make Multi-access Edge Computing adoption easier (MEC). This new partnership enables and eases use cases of mobile edge comping on cloud gaming, autonomous vehicles, and VR applications.
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The market intelligence report is a prototype of the 360° overview of the global Mobile Edge Computing industry, shedding light on the estimated market value, share, growth trends, gross revenue, competitive overview, prominent manufacturers and buyers, available product types, and end-use applications.
Competitive Landscape:
The latest research report is inclusive of a precise summary of the intensely competitive landscape of the global Mobile Edge Computing market. It offers a systematic presentation of the company profiles of the leading market players. This section of the report analyzes the effective initiatives undertaken by these players for business expansion in the long run. In addition, this section highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have been assessed using certain effective analytical tools, such as Porter’s Five Forces analysis and SWOT analysis.
The major companies Covered in the report are:
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
This report is the latest document discussing the current economic situation gravely impacted by the COVID-19 outbreak in detail. The global health emergency has led to massive changes in the global economy and the Mobile Edge Computing business sphere. The current scenario of this ever-evolving business vertical has been clearly depicted in the report, which contains a broad analysis of the pandemic’s present and future effects.
Segments Covered in this report are:
- Component Outlook (Revenue, USD Million; 2019-2030)
- Hardware
- Software
- Services
- 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
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Global Mobile Edge Computing Market Highlights:
- The data analytics segment will register a steady revenue growth rate over the forecast period due to increasing demand for mobile edge computing on big data analysis. Major telecom operators and IT firms are recently using edge computing technologies for big data analysis. Enterprises can use distributed systems by processing data on edge device and transmitting important data to cloud to be processed, analyzed, or saved, with the combination of edge computing and cloud computing solutions.
- The Small and Medium-Sized Enterprises (SMEs) segment revenue is expected to increase at a steady rate over the forecast period due to rising demand for edge computing among SMEs. Small and Medium-sized Enterprises (SMEs) frequently use on-site edge computing technologies as independent nodes of their IT to overcome slow internet connections or insufficient bandwidth. Edge computing provides faster response times than a connection to a central data center and reduces volume of data required in cloud due to local data processing.
- The North America market accounted for largest revenue share in 2021 due to increasing demand for low-latency to process high volume of data and real-time automotive decision-making systems for autonomous vehicles. In addition, rapid adoption of Virtual Reality (VR) and Augmented Reality (AR) across the region, especially in the U.S, is expected to support market revenue growth in this region.
Key Parameters Analyzed in This Section:
- Company Profiles
- Gross Revenue
- Profit margins
- Product sales trends
- Product pricing
- Industry Analysis
- Sales & distribution channels
Regional Segmentation:
- North America
- Latin America
- Europe
- Middle East & Africa
- Asia Pacific
Key Points Covered in This Section:
- Regional contribution
- Estimated revenue generation
- Vital data and information about the consumption rate in all the leading regional segments
- An expected rise in market share
- Forecast growth in the overall consumption rate
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Target Audience of the Report:
- Leading Companies
- Large, medium-sized, and small enterprises
- Investors
- Value-Added Resellers (VARs)
- Venture capitalists
- Third-party knowledge providers
Key Offerings of the Report:
- Detailed overview of market dynamics including drivers, restraints, opportunities, challenges, and growth prospects
- Analysis of the key strategic initiatives and competitive landscape including mergers & acquisitions, joint ventures, collaborations, product launches, and brand promotions, and partnerships, among others
- Comprehensive analysis of the industry outlook and analysis of the industrial chain
- Market forecast based on global, regional, and country-level market analysis
- Competitive landscape benchmarking
- In-depth analysis of the key market players with their product portfolios, financial positions, unique selling points, market share and size, and a comprehensive overview of their business
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About Emergen Research
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 trend’s 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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