USD 1.60 billion Variance in Mobile Edge Computing Market Growth due to the increase in the data traffic – 17,000+ Technavio Reports

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Key Market Dynamics:

• Market Driver: The increase in data traffic will influence the market growth positively during the forecast period. Mobile edge computing is evolving with the integration of IoT devices such as multiplexers, cloud services and resources, and other wide variety of WAN access devices. The mobile edge computing platform helps in enabling the billions of connected mobile devices to execute the real-time compute-intensive applications in the end-user industries by connecting with the network edge directly. Mobile edge computing allows software applications to tap into local content, thereby accessing real-time information about local-access network conditions.
• Market Challenge: One of the key challenges to the global mobile edge computing market growth is the high deployment cost of 5G technology. The overall cost for both mobile edge computing and 5G connectivity to handle the entire workload is very high. The high installation cost of small cell networks and limited security for remotely placed outdoor power systems may also hamper the market growth. The deployment cost for LTE infrastructure alone will be more than $200 billion, which would be greater than upgrade costs and virtual data center processing costs. This will further limit the market’s growth during the forecast period.

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Key Segment Analysis

The mobile edge computing market report is segmented by Component (Hardware and Software) and Geography (North America, Europe, APAC, South America, and Middle East and Africa).  

Regional Opportunities: North America will be the leading region with 45% of the market’s growth during the forecast period. The US is the key market for mobile edge computing in North America. Market growth in this region will be faster than the growth of the market in Europe. The increasing adoption of Internet of things (IoT) technology in countries such as the US will facilitate the mobile edge computing market growth in North America over the forecast period. 

Revenue-generating Segment Analysis: The mobile edge computing market share growth by the hardware segment will be significant during the forecast period. Hardware components include processors, servers, switches, routers, and the end device. These hardware components ensure data is processed in real-time. Thus, the hardware segment of the global mobile edge computing market will witness substantial growth in the forecast years.

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Vendor Landscape

The mobile edge computing market is fragmented and the vendors are deploying growth strategies such as technological innovation to compete in the market.  To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The mobile edge computing market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. Companies are offering innovative solutions to strengthen their hold in the market. For instance, ADLINK Technology Inc. offers mobile edge computing services such as 5G which is 10 times faster than its predecessor and drives latency down to 1ms. Similarly, Advantech Co. Ltd. offers mobile edge computing services such as Video AI Counting Edge, Video AI Facial Recognition Edge, VideoSense Edge, Thermal Screening Manager, SignageCMS Server, and Thermal Screening Kiosk.

Some Companies Mentioned

• ADLINK Technology Inc.
• Advantech Co. Ltd.
• AT and T Inc.
• COMSovereign Holding Corp.
• GigaSpaces Technologies Ltd.
• Huawei Technologies Co. Ltd.
• Intel Corp.
• Juniper Networks Inc.
• Nokia Corp.
• SK Telecom Co. Ltd.
• SMART Global Holdings Inc.
• TelcoDR Inc.
• Telefonaktiebolaget LM Ericsson
• Verizon Communications Inc.
• Vodafone Group Plc
• ZTE Corp.
• To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

Related Reports:

Edge Computing Market by End-user and Geography – Forecast and Analysis 2021-2025

AI Edge Computing Market by Type and Geography – Forecast and Analysis 2022-2026

Key Topics Covered:

• Executive Summary
• Market Landscape
• Market Sizing
• Five Forces Analysis
• Market Segmentation by Component
• Customer landscape
• Geographic Landscape
• Vendor Landscape
• Vendor Analysis
• Appendix

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