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:
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Global Mobile Edge Computing Market Highlights:
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