US+1 646-781-8004
Europe+44-203-868-8738
APAC+91-744-778-0008
sales@meticulousresearch.com
Home Report
Store
Mobile Edge Computing Market
Mobile Edge Computing Market by Component, Application (Location-based Services, Unified Communication, Optimized Local Content Distribution, Data Analytics, Environmental Monitoring), Organization Size, and region - Global Forecast to 2027
Report ID:MRICT - 104424 Pages: 129 Feb-2021 Formats*: PDF Category: Information and Communications Technology Delivery: 2 to 4 HoursThe mobile edge computing market is expected to reach $2.8 billion by 2027, at a CAGR of 30.1% during the forecast period of 2020 to 2027. The growth of this market is attributed to the increasing need among enterprises to deliver QOE along with rising demand for low-latency processing and real-time automated decision-making solutions. In addition, the emergence of autonomous vehicles and connected car infrastructure and emerging MEC application areas of AR/VR offers significant opportunities for the growth of the mobile edge computing market. However, the lack of required infrastructure and deployment capabilities obstructs the growth of this market to some extent.
Impact of COVID-19 on the Mobile Edge Computing Market
In the first quarter of 2020, the world was hit by COVID-19. The outbreak was declared as the global pandemic by WHO as it has spread in many countries across the globe and raised the number of cases multi-folds in few weeks. The COVID-19 pandemic has adversely hit many economies in the world. The combat measures like complete lockdown and quarantine to fight COVID-19 have had a substantial adverse impact on many industries across the globe, including the telecommunication industry.
COVID-19 will have a severe impact on the mobile edge computing market. Moreover, the possibility of a general economic recession in response to the pandemic could severely shrink IT budgets in the coming months, making the potential customer base for new 5G technology commensurately smaller. However, due to the outbreak of COVID-19, growth in 5G smartphone sales and network deployment will likely be slowed, which can obstruct the growth of the mobile edge computing market.
Furthermore, due to COVID, many countries are postponing the deployment of 5G, which can directly hamper the growth of the mobile edge computing market. For instance, United Internet’s CEO, Ralph Dommermuth, said that the construction of subsidiary 1&1 Drillisch’s 5G network would experience delays due to current measures adopted in the country to prevent a further spread of the COVID-19 pandemic in Germany.
Click here to: Get Free Sample Pages of this Report
Rapidly Increasing Mobile Data Traffic
With a consistently increasing number of interconnected devices, mobile data is exponentially growing, leading to the upsurge in demand for telecommunication and network services. Mobile network operators (MNOs) are persistently facing pressure to deliver quality services to subscribers, as the need for mobile data, including mobile video services, is rapidly increasing.
Growth of mobile data traffic (2016-2022)
Source: Cisco global traffic projections
MEC helps to reduce congestion on mobile networks and decrease latency by shifting a load of cloud computing to individual local servers, and enhancing the quality of experience (QoE). Operators are taking leverage of several advanced technologies, such as Network Functions Virtualization (NFV), Virtualized RAN (vRAN), and Software Defined Networking (SDN), which enable them to develop innovative context-aware and value-added services. Application and infrastructure providers and MNOs are focusing on developing innovative applications to leverage a radio access network (RAN) capabilities. MEC enables the deployment of various services within the RAN to enhance user experience and provide an ability that allows operators to better handle latency-sensitive services.
Moreover, the close proximity of MEC components at the edge significantly improves the QoE. In order to deliver Quality of Service (QoS) and Quality of Experience (QoE) to subscribers, the MNOs are immensely adopting the advanced mobile edge computing technology, thereby contributing to the growth of the mobile edge computing market.
Key Findings in the Global Mobile Edge Computing Market Study:
In 2020, the hardware segment accounted for the largest share of the mobile edge computing market
Based on component, the hardware segment accounted for the largest share of the mobile edge computing market in 2020. The growing investment for 5G deployments across the telecommunication industry for improving the quality of service is one of the key factors fueling investments in mobile edge computing hardware, including edge gateways and hyper-converged infrastructure.
In 2020, the location-based services segment accounted for the largest share of the market
Based on application, the location-based services segment commanded the largest share of the overall mobile edge computing market in 2020. The growth of this segment is mainly driven by recent developments in positioning technologies and improved data transmission through cloud computing & 5G.
In 2020, the large enterprises segment dominated the mobile edge computing market
Based on organization size, the large enterprises segment accounted for the largest share of the overall mobile edge computing market in 2020. The large share of the segment is owing to the increased generation of data, which is attributed to the widespread geographical presence and customer base.
Asia-Pacific is expected to grow the highest CAGR during the forecast period
North America commanded the largest share of the overall mobile edge computing market in 2020, followed by Europe, Asia-Pacific, Latin America, and the Middle East and Africa. However, Asia-Pacific is expected to witness rapid growth during the forecast period owing to increased investments in telecommunication sectors, government initiatives to encourage digitalization, heavy investments in IoT & cloud technologies, and high penetration of smart devices in emerging economies, such as India and China.
Key Players
The report includes a competitive landscape based on an extensive assessment of key strategic developments adopted by leading market participants in the mobile edge computing market over the last four years. The key players profiled in the global mobile edge computing market are Huawei Technologies co., Ltd. (China), Saguna Networks, Ltd. (Israel), Juniper Networks, Inc. (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Vapor IO (U.S.), ZephyrTel (U.S.), AT&T, Inc. (U.S.), Nokia Corporation (Finland), Renesas Electronics Corporation (Japan), Corning, Inc. (U.S.), Adlink Technology, Inc. (Taiwan), Advantech Co., Ltd. (Taiwan), Emerson Electric co. (U.S.), and GigaSpaces Technologies, Inc. (U.S.), among others.
Scope of the report
Mobile Edge Computing Market by Component
- Hardware
- Software
- Services
Mobile Edge Computing Market by Application
- Location-based Services
- Video Surveillance
- Unified Communication
- Optimized Local Content Distribution
- Data Analytics
- Environmental Monitoring
Mobile Edge Computing Market by Organization Size
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
Mobile Edge Computing Market by Geography
- North America
- U.S.
- Canada
- Europe
- U.K
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Latin America
- Middle East and Africa
Key questions answered in the report:
The global mobile edge computing market is projected to reach $2,808.6 million by 2027 at a CAGR of 30.1% during the forecast period.
Based on component, the hardware segment commanded the largest share of the overall mobile edge computing market in 2019 and is expected to grow at the fastest CAGR during the forecasted period. The growing investment for 5G deployments across the telecommunication industry for improving quality of service is one of the key factors fueling investments in mobile edge computing hardware, including edge gateways and hyper-converged infrastructure.
Based on application, the location-based services segment commanded the largest share of the overall mobile edge computing market in 2019. The growth of this segment is mainly driven by recent developments in positioning technologies and improved data transmission through cloud computing and 5G.
The growth of this market is attributed to the increasing need among enterprises to deliver the quality of experience (QoE) along with rising demand for low-latency processing and real-time automated decision-making solutions. In addition, the emergence of autonomous vehicles and connected car infrastructure and emerging MEC application areas of AR/VR offers significant opportunities for the growth of the mobile edge computing market.
The key players operating in the global mobile edge computing market are Huawei technologies co., Ltd. (China), Saguna Networks, Ltd. (Israel), Juniper Networks, Inc. (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Vapor IO (U.S.), ZephyrTel (U.S.), AT&T, Inc. (U.S.), Nokia Corporation (Finland), Renesas Electronics Corporation (Japan), Corning, Inc. (U.S.), Adlink Technology, Inc. (Taiwan), Advantech Co., Ltd. (Taiwan), Emerson Electric co. (U.S.), and GigaSpaces Technologies, Inc. (U.S.), among others.
At present, North America dominated the global mobile edge computing market. However, Asia-Pacific is expected to grow at the highest growth rate over the coming years.
1 Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency and Limitations
1.3.1. Currency
1.3.2. Limitations
1.4. Key Stakeholders
2 Research Methodology
2.1. Research Approach
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.2. Bottom-Up Approach
2.3.3. Top-Down Approach
2.3.4. Growth Forecast
2.4. Assumptions for The Study
3 Executive Summary
3.1. Market Overview
3.2. Competitive Analysis
4 Market Insights
4.1. Introduction
4.1.1. Drivers
4.1.1.1. Increasing Mobile Data Traffic and Rising Need to Enhance Data Quality
4.1.1.2. Rising Demand for Low-Latency Processing and Real-Time Automated Decision-Making Solutions
4.1.1.3. Rising Adoption of MEC Among Various End Use Sectors
4.1.2. Restraints
4.1.2.1. Lack of Infrastructure, Deployment Capabilities, and High Cost
4.1.3. Opportunities
4.1.3.1 Expansion of MEC in AR/VR Applications
4.1.4. Challenges
4.1.4.1. Security Issues in Edge Computing
4.1.5. Trends
4.1.5.1. Adoption of 5G Technology
4.2. Impact of Covid-19 on the Mobile Edge Computing Market
5 Mobile Edge Computing Market, by Component
5.1. Introduction
5.2. Hardware
5.3. Platforms
5.4. Services
6 Mobile Edge Computing Market, by Application
6.1. Introduction
6.2. Location-Based Services
6.3. Video Surveillance
6.4. Unified Communications
6.5. Optimized Local Content Distribution
6.6. Data Analytics
6.7. Environmental Monitoring
7 Mobile Edge Computing Market, by Organization Size
7.1. Introduction
7.2. Large Enterprises
7.3. Small and Medium-Sized Enterprises (SMEs)
8 Mobile Edge Computing Market, by Geography
8.1. Introduction
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.3. Europe
8.3.1. U.K.
8.3.2. Germany
8.3.3. France
8.3.4. Italy
8.3.5. Spain
8.3.6. Rest of Europe
8.4. Asia-Pacific
8.4.1. China
8.4.2. Japan
8.4.3. India
8.4.4. Rest of Asia-Pacific (RoAPAC)
8.5. Latin America
8.6. Middle East & Africa
9 Competitive Landscape
9.1. Introduction
9.2. Key Growth Strategies
9.3. Competitive Benchmarking
9.4. Market Share Analysis, by Key Player, 2019
10 Company Profile (Business Overview, Financial Overview, Product and Service Portfolio, Strategic Developments)
10.1. Huawei Technologies Co., Ltd.
10.2. Saguna Network, Ltd.
10.3. Juniper Networks, Inc.
10.4. IBM Corporation
10.5. Intel Corporation
10.6. Vapor Io
10.7. ZephyrTel
10.8. AT&T, Inc.
10.9. Nokia Corporation
10.10. SpiderCloud Wireless, Inc. (A Part of Corning, Inc.)
10.11. ADLINK Technology, Inc.
10.12. Advantech Co., Ltd.
10.13. Artesyn Embedded Technologies, Inc. (A Part of Emerson Electric Co.)
10.14. GigaSpaces Technologies, Inc.
11 Appendix
11.1. Questionnaire
11.2. Available Customization
LIST OF TABLES
Table 1 Currency Conversion Rate, 2016-2019
Table 2 Impact Assessment of Covid-19 On The Mobile Edge Computing Market (USD Million)
Table 3 Global Mobile Edge Computing Market Size, by Component, 2018–2027 (USD Million)
Table 4 Global Mobile Edge Computing Hardware Market Size, by Country/Region, 2018–2027 (USD Million)
Table 5 Global Mobile Edge Computing Platforms Market Size, by Country/Region, 2018–2027 (USD Million)
Table 6 Global Mobile Edge Computing Services Market Size, by Country/Region, 2018–2027 (USD Million)
Table 7 Global Mobile Edge Computing Market Size, by Application, 2018–2027 (USD Million)
Table 8 Global Mobile Edge Computing Market Size for Location-Based Services, by Country/Region, 2018–2027 (USD Million)
Table 9 Global Mobile Edge Computing Market Size for Video Surveillance, by Country/Region, 2018–2027 (USD Million)
Table 10 Global Mobile Edge Computing Market Size for Unified Communication, by Country/Region, 2018–2027 (USD Million)
Table 11 Global Mobile Edge Computing Market Size for Optimized Local Content Distribution, by Country/Region, 2019-2027 (USD Million)
Table 12 Global Mobile Edge Computing Market Size for Data Analytics, by Country/Region, 2018–2027 (USD Million)
Table 13 Global Mobile Edge Computing Market Size for Environmental Monitoring, by Country/Region, 2018–2027 (USD Million)
Table 14 Global Mobile Edge Computing Market Size, by Organization Size, 2018–2027 (USD Million)
Table 15 Global Mobile Edge Computing Market Size for Large Enterprises, by Country/Region, 2018–2027 (USD Million)
Table 16 Mobile Edge Computing Market Size for Small and Medium-Sized Enterprises, by Country/Region, 2018–2027 (USD Million)
Table 17 Global Mobile Edge Computing Market, by Country/Region, 2018–2027 (USD Million)
Table 18 North America: Mobile Edge Computing Market, by Country/Region, 2018–2027 (USD Million)
Table 19 North America: Mobile Edge Computing Market Size, by Component, 2018–2027 (USD Million)
Table 20 North America: Mobile Edge Computing Market Size, by Application, 2018–2027 (USD Million)
Table 21 North America: Mobile Edge Computing Market Size, by Organization Size, 2018–2027 (USD Million)
Table 22 U.S.: Mobile Edge Computing Market Size, by Component, 2018–2027 (USD Million)
Table 23 U.S.: Mobile Edge Computing Market Size, by Application, 2018–2027 (USD Million)
Table 24 U.S.: Mobile Edge Computing Market Size, by Organization Size, 2018–2027 (USD Million)
Table 25 Canada: Mobile Edge Computing Market Size, by Component, 2018–2027 (USD Million)
Table 26 Canada: Mobile Edge Computing Market Size, by Application, 2018–2027 (USD Million)
Table 27 Canada: Mobile Edge Computing Market Size, by Organization Size, 2018–2027 (USD Million)
Table 28 Europe: Mobile Edge Computing Market, by Country/Region, 2018–2027 (USD Million)
Table 29 Europe: Mobile Edge Computing Market Size, by Component, 2018–2027 (USD Million)
Table 30 Europe: Mobile Edge Computing Market Size, by Application, 2018–2027 (USD Million)
Table 31 Europe: Mobile Edge Computing Market Size, by Organization Size, 2018–2027 (USD Million)
Table 32 U.K.: Mobile Edge Computing Market Size, by Component, 2018–2027 (USD Million)
Table 33 U.K.: Mobile Edge Computing Market Size, by Application, 2018–2027 (USD Million)
Table 34 U.K.: Mobile Edge Computing Market Size, by Organization Size, 2018–2027 (USD Million)
Table 35 Germany: Mobile Edge Computing Market Size, by Component, 2018–2027 (USD Million)
Table 36 Germany: Mobile Edge Computing Market Size, by Application, 2018–2027 (USD Million)
Table 37 Germany: Mobile Edge Computing Market Size, by Organization Size, 2018–2027 (USD Million)
Table 38 France: Mobile Edge Computing Market Size, by Component, 2018–2027 (USD Million)
Table 39 France: Mobile Edge Computing Market Size, by Application, 2018–2027 (USD Million)
Table 40 France: Mobile Edge Computing Market Size, by Organization Size, 2018–2027 (USD Million)
Table 41 Italy: Mobile Edge Computing Market Size, by Component, 2018–2027 (USD Million)
Table 42 Italy: Mobile Edge Computing Market Size, by Application, 2018–2027 (USD Million)
Table 43 Italy: Mobile Edge Computing Market Size, by Organization Size, 2018–2027 (USD Million)
Table 44 Spain: Mobile Edge Computing Market Size, by Component, 2018–2027 (USD Million)
Table 45 Spain: Mobile Edge Computing Market Size, by Application, 2018–2027 (USD Million)
Table 46 Spain: Mobile Edge Computing Market Size, by Organization Size, 2018–2027 (USD Million)
Table 47 Rest of Europe: Mobile Edge Computing Market Size, by Component, 2018–2027 (USD Million)
Table 48 Rest of Europe: Mobile Edge Computing Market Size, by Application, 2018–2027 (USD Million)
Table 49 Rest of Europe: Mobile Edge Computing Market Size, by Organization Size, 2018–2027 (USD Million)
Table 50 Asia-Pacific: Mobile Edge Computing Market, by Country/Region, 2018–2027 (USD Million)
Table 51 Asia-Pacific: Mobile Edge Computing Market Size, by Component, 2018–2027 (USD Million)
Table 52 Asia-Pacific: Mobile Edge Computing Market Size, by Application, 2018–2027 (USD Million)
Table 53 Asia-Pacific: Mobile Edge Computing Market Size, by Organization Size, 2018–2027 (USD Million)
Table 54 China: Mobile Edge Computing Market Size, by Component, 2018–2027 (USD Million)
Table 55 China: Mobile Edge Computing Market Size, by Application, 2018–2027 (USD Million)
Table 56 China: Mobile Edge Computing Market Size, by Organization Size, 2018–2027 (USD Million)
Table 57 Japan: Mobile Edge Computing Market Size, by Component, 2018–2027 (USD Million)
Table 58 Japan: Mobile Edge Computing Market Size, by Application, 2018–2027 (USD Million)
Table 59 Japan: Mobile Edge Computing Market Size, by Organization Size, 2018–2027 (USD Million)
Table 60 India: Mobile Edge Computing Market Size, by Component, 2018–2027 (USD Million)
Table 61 India: Mobile Edge Computing Market Size, by Application, 2018–2027 (USD Million)
Table 62 India: Mobile Edge Computing Market Size, by Organization Size, 2018–2027 (USD Million)
Table 63 Rest of Asia-Pacific: Mobile Edge Computing Market Size, by Component, 2018–2027 (USD Million)
Table 64 Rest of Asia-Pacific: Mobile Edge Computing Market Size, by Application, 2018–2027 (USD Million)
Table 65 Rest of Asia-Pacific: Mobile Edge Computing Market Size, by Organization Size, 2018–2027 (USD Million)
Table 66 Latin America: Mobile Edge Computing Market Size, by Component, 2018–2027 (USD Million)
Table 67 Latin America: Mobile Edge Computing Market Size, by Application, 2018–2027 (USD Million)
Table 68 Latin America: Mobile Edge Computing Market Size, by Organization Size, 2018–2027 (USD Million)
Table 69 Middle East & Africa: Mobile Edge Computing Market Size, by Component, 2018–2027 (USD Million)
Table 70 Middle East & Africa: Mobile Edge Computing Market Size, by Application, 2018–2027 (USD Million)
Table 71 Middle East & Africa: Mobile Edge Computing Market Size, by Organization Size, 2018–2027 (USD Million)
Table 72 Recent Developments by Major Players, 2016 To 2019
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Primary Research Techniques
Figure 3 Key Executives Interviewed
Figure 4 Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 5 Market Sizing and Growth Forecast Approach
Figure 6 Key Insights
Figure 7 Mobile Edge Computing Market, by Component, 2020 Vs.2027
Figure 8 Mobile Edge Computing Market, by Application, 2020 Vs. 2027
Figure 9 Mobile Edge Computing Market, by Organization Size
Figure 10 Geographic Snapshot: Mobile Edge Computing Market
Figure 11 Market Dynamics
Figure 12 Mobile Data Traffic, 2016 To 2022
Figure 13 Global Mobile Edge Computing Market Size, by Component, 2020–2027 (USD Million)
Figure 14 Global Mobile Edge Computing Market Size, by Application, 2020–2027 (USD Million)
Figure 15 Global Mobile Edge Computing Market Size, by Organization Size, 2020–2027 (USD Million)
Figure 16 Mobile Edge Computing Market Size, by Region, 2019–2027 (USD Million)
Figure 17 Geographic Snapshot: North American Mobile Edge Computing Market
Figure 18 Geographic Snapshot: European Mobile Edge Computing Market
Figure 19 Geographic Snapshot: Asia-Pacific Mobile Edge Computing Market
Figure 20 Major Growth Strategies Adopted by Key Players
Figure 21 Mobile Edge Computing Market: Competitive Benchmarking
Figure 22 Global Mobile Edge Computing Market Share, by Key Players, 2019
Figure 23 Huawei Technologies Co., Ltd.: Financial Overview (2019)
Figure 24 Juniper Networks, Inc.: Financial Overview (2019)
Figure 25 IBM Corporation: Financial Overview (2019)
Figure 26 Intel Corporation: Financial Overview (2019)
Figure 27 AT&T, Inc.: Financial Overview (2019)
Figure 28 Nokia Corporation: Financial Overview (2019)
Figure 29 Corning, Inc.: Financial Overview (2019)
Figure 30 ADLINK Technology, Inc.: Financial Overview (2018)
Figure 31 Advantech Co., Ltd.: Financial Overview (2019)
Figure 32 Emerson Electric Co.: Financial Overview (2019)
COVID-19
This report provides pre & post COVID-19 market estimates.
Related Reports
RegTech Market - Global Opportunity Analysis And Industry Forecast (2022-2029)
Published Date: Sep-2022
Industrial Cybersecurity Market - Global Opportunity Analysis and Industry Forecast (2022-2029)
Published Date: Aug-2022
NGS Library Preparation Market- Global Opportunity Analysis And Industry Forecast (2022-2029)
Published Date: Jul-2022
Tokenization Market - Global Opportunity Analysis and Industry Forecast (2022-2029)
Published Date: Jul-2022
VCSEL Market - Global Opportunity Analysis And Industry Forecast (2022-2029)
Published Date: Mar-2022
