Mobile Edge Computing (MEC) provides access to cloud-like computing and storage resources at the mobile edge, within the Radio Access Network (RAN) and in close proximity to mobile subscribers. A deployment at the Mobile Edge can provide applications with significant benefits, for example the ultra-low latency necessary for emerging applications such as Tactile Internet.
In this present scenario, mobile edge computing has emerged as an efficient technology which offers cloud and IT services within the close proximity of mobile subscribers. It is estimated that, in the coming years, the market for MEC is going to witness a growing demand globally due to its growing trend across different applications primary as a result of low latency, high quality of experience and high content delivery.
To further learn about the concerned market, a new study titled “Mobile Edge Computing (MEC) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025”, has been added to the vast database of Market Research Reports Search Engine (MRRSE).
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The report initiates with a clear picture about the assumptions and research methodology.
Further, details about the market overview covering industry evolution, developments, and market dynamics are carefully mentioned in the report. The readers can also access details regarding key trends and Porter’s Five Force Analysis.
Furthermore, the geographical divergence of the market is also presented covering prime regions; namely, North America, Asia-Pacific, Europe, Middle East and Africa and South America. According to the key highlights of the intelligent report, the global mobile edge computing market is likely to expand at an impressive 51.0% CAGR during the period from 2017 to 2025.
If this pace is retained, the overall revenue is projected to reach US$4228.3 mn during the forecast period.
The later section of the report talks about the detailed market segmentation which focuses on the drivers, restraints, and opportunities in the global mobile edge computing market. Several key growth drivers include the rising demand for low latency computing as well as improved quality of experience (QoE).
Moreover, the report segments the market on the basis of industry vertical, component type, and technology. The segregation based on component type includes hardware, software, and service.
Further, based on technological the market is divided into 4G, 5G and Wi-Max. Moving on, as per industry vertical the market is segregated into media and entertainment, retail, healthcare, IT & telecom, BFSI, and others.
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In the later section, the report encloses details about the prominent service providers operating the global market. Some of the key players are IBM Corporation, Huawei Technologies Co., Ltd., Intel Corporation, ADLINK Technology Inc., Vasona Networks, Inc., Nokia Corporation, Integrated Device Technology, Inc., Juniper Networks, Inc., PeerApp Ltd., ZTE Corporation, and SpiderCloud Wireless, Inc.
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