Mobile Edge Computing Market Size, Share, Growth, opportunities & Forecast 2022 report provide by Component (Hardware and Software), Application (Location-Based Services, Video Surveillance, Unified Communication, Optimized Local Content Distribution, Data Analytics)
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The Mobile Edge Computing (MEC) market is expected to grow from USD 185.8 million in 2017 to USD 838.6 million by 2022, at a Compound Annual Growth Rate (CAGR) of 35.2%. The market is driven by factors, such as increasing need for improving end-user's QoE and rising demand for ultra-low latency and high band width.
However, the major hindrance faced by the enterprises while adopting MEC is the lack of required infrastructure and deployment capabilities.
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One of the applications of MEC is data analytics, which is growing at the fastest rate during the forecast period. MEC is specifically used to capture key information for analytics and big data due to its proximity to the source of information, this one of the reasons for the fastest growth rate of the data analytics segment in the market.
North America is the foremost potential market due to the presence of a large number of players offering the MEC technology in this region. This region is expected to hold the largest market size during the forecast period, as organizations are more focused on achieving ultra-low latency and faster delivery of MEC applications.
Furthermore, organizations have invested hugely on advanced technologies to gain competitive advantage and improve business operations. The APAC region is in the initial growth phase; however, it is the fastest growing region in the global MEC market.
The increasing adoption of MEC solutions in this region is due to the large subscriber base, which seems to be positive for enterprises. The MEC technology would help MNOs monetize their applications and improve the profitability margins.
Key Points From Table Of Content:
11 Company Profiles
11.1 Adlink Technology Inc.
11.1.2 Strength of Product Offering
11.1.3 Business Strategy Excellence
11.1.4 Recent Developments
11.2 Advantech Co., Ltd.
11.2.2 Strength of Product Offering
11.2.3 Business Strategy Excellence
11.2.4 Recent Developments
11.3 Artesyn Embedded Technologies Inc.
11.3.2 Strength of Product Offering
11.3.3 Business Strategy Excellence
11.3.4 Recent Developments
11.4 Brocade Communications Systems, Inc.
11.4.2 Strength of Product Offering
11.4.3 Business Strategy Excellence
11.4.4 Recent Developments
11.5 Huawei Technologies Co., Ltd.
11.5.2 Strength of Product Offering
11.5.3 Business Strategy Excellence
11.5.4 Recent Developments
11.6 Juniper Networks, Inc.
11.7 Nokia Corporation
11.8 Saguna Networks Ltd.
11.9 Vapor IO, Inc.
11.10 Vasona Networks, Inc.
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