Mobile Edge Computing (MEC) is a network architecture perception that allows an IT service environment and cloud computing capabilities at the edge of the cellular network. The global mobile edge computing market is expected to grow at an exponential CAGR of 51.4% during the forecast period of 2021-2029. Wireless communication came into existence in 1895 when Guglielmo Marconi successfully transmitted three-dot morse code and since early 1970 mobile wireless industry came into evolution, creation and generation phase. In 1980s first generation analog cellular technology was developed followed in 1991 by second generation technology which introduced digital cellular technology. In 2001 third-generation technology was developed which could even support high speed data transfer. In 2009 fourth-generation telecommunication system was developed that supports Voice over Internet Protocol (VoIP). With the development in wireless technology there is a need to develop computing capabilities at the edge (base station). Owing to the proliferation of Internet Protocol into enterprise networks and widespread adoption of 4G /LTE services, mobile edge computing solutions have been developed that would also help to bridge the gap for implementation 5G services.
Low Latency Computing – Need of the Hour
Rising demand for low latency computing is the major driver of the mobile edge computing market. As latency is the fundamental measure of network performance. Low latency computing demand is rising with the need for advanced services such as cloud computing, 5G technology, virtual reality headsets, fitness trackers and interactive gaming industries. Growing data traffic worldwide and emerging technologies such as 5G have led the demand of low latency computing to eliminate the failure of streaming. Growing digital data traffic lead to the constraints such as bandwidth overload, slow data connection and others. Mobile edge computing offers ultra-low latency and thus being recognized as a key technology and also represent architectural concept to enable the evolution of 5G era it also enables seamless video streaming. Mobile subscribers experience can be enriched by efficient service and network operations. Mobile edge computing combines capabilities of cloud computing and IT services to the base stations with low latency.
The Hardware is the Key Component That’s Generating the Largest Revenues
The mobile edge computing market is segmented into technology, component and verticals. The component segment is sub-segmented into hardware, software and services. The hardware market is the dominating component segment in the mobile edge computing market with revenue in 2020. Hardware deals with the physical components present in the mobile edge computing network such as servers, routers, switches, processors. Rise in data traffic due to computing and networking is contributing to the growth of the global hardware market during the forecast period. According to the United States based Institute of Electronics and Electrical Engineers (IEEE), increase in the data traffic is mainly due to the media streams that need to be processed, conferencing and online gaming. Efficient hardware is required for proper management and control of data traffic in mobile edge computing which promotes the growth of the global hardware market during the forecast period.
Key Market Opportunities in 4G and Telecom Segment
The 4G services lead the segment by the technology of the mobile edge computing market by capturing largest market share of approximately 66% in 2020. The MEC in 4G technology is expected to grow at CAGR of 47.9% during the forecast period. The 4G services market is primarily driven by high penetration/ adoption of 4G services in countries such as USA, China, India and others. IT and telecom leads vertical segment of the global mobile edge computing market by capturing the largest market share of over 35% in 2020. IT and Telecom edge computing market is expected to grow with the highest CAGR of 52.2% during the forecast period. MEC has the ability to optimize network along with delivering edge-based capabilities seamlessly over both wireless and fixed networks which offers a great potential opportunity to the mobile network operators (Telecom). It supplies required data at the radio access network edge, provides a local service delivery platform with ultralow latency and enhanced bandwidth utilization for the application developers, content providers and the wireless operators that would lead to wide adoption of MEC by telecom operators.
Current Market Dominated by NA, Long-term Growth from APAC
Geographically, the mobile edge computing market has been segmented into North America, Europe, Asia Pacific, and Rest of the World. North America held the largest revenue share of around 37% in global mobile edge computing market. The major drivers of North America business mobile edge computing market include enhancing data traffic, heavy investments made by the government, and enhancing usage of IOT devices such as smartphones and tablets. The United States mobile edge computing market is developing and expanding at a rapid pace. The rising data traffic occurring due to mobile browsing which acts as a major driver in the growth of mobile edge computing market. The rising adoption of smart devices which includes smartphones and tablets along with the heavy investments in rising 5G technology has also made an impact on the growth of mobile edge computing market. The Asia Pacific is the fastest-growing region in the Mobile Edge Computing (MEC) market with a CAGR of 52.4%. The MEC market in China has been impacted by year-over-year growing number of internet users in the country. Importantly, new internet users in China are using internet services on mobile platform such as on smartphones and tablets. Therefore, significant data traffic growth is expected to require the deployment of MEC devices for offering fast and uninterrupted data services.
Top Companies Resort to Partnership to Enhance Market Presence
Partnership/Collaboration is the primary strategy adopted by the companies in the mobile edge computing market. Strategic partnership allows the companies to share their resources in order to serve their respective self-interest. Partnerships also enable sharing of economic burden and facilitate better services to the users. Key companies in this market include Adlink Technology, Inc., Gigaspaces Technologies Inc., Huawei Technologies Co. Ltd., Peerapp Inc., Intel Corporation, Juniper Network Inc, Spidercloud Wireless, Inc, Saguna Networks Ltd, Quortus, Ibm Corporation, Integrated Device Technology, Inc., Vasona Networks, Artesyn’s Embedded Technologies, Nokia Company, ZTE Corporation and Others.
Historical & Forecast Period
This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2029.
Market revenues and CAGR were derived from primary and secondary research. Both quantitative and qualitative trends were considered for extrapolation of market revenues. The derived market estimates were further validated from top down, bottom strategies and primary research. The scope of the market is limited to the following segments of product categories and regions.
By Technology (2019-2029; US$ Mn)
- 4G (Fourth Generation)
- 5G (Fifth Generation)
By Component (2019-2029; US$ Mn)
By Verticals (2019-2029; US$ Mn)
- IT and Telecom
- Media and Entertainment
By Region (2019-2029; US$ Mn)
- North America
- Asia Pacific
- Latin America
Global Impact of Covid-19 Segment (2020-2021; US$ Mn)
- Pre Covid-19 situation
- Post Covid-19 situation
Key questions answered in this report
- What are the key market segments in the current scenario and in the future by product categories?
- What are the key market segments in the current scenario and in the future by regions?
- What is the key impact of Covid-19 over market revenues and market determinants in the mobile edge computing market?
- What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
- What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
- How to overcome the current market challenges and leverage the opportunities in each of the market segments?
- Who are the key players in the operational predictive maintenance market and what are their key product categories and strategies?
- What are the key strategies – mergers/acquisitions/R&D/strategic partnerships etc that companies are deploying to enhance market revenues and growth?
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 Key offerings
1.2 Market Segmentation
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.5 Approach Adopted
2.2 Global Mobile Edge Computing Market by Technology ($ Million) 2020 (US$ Mn)
2.3 Global Mobile Edge Computing Market by Component ($ Million) 2020 (US$ Mn)
2.4 Global Mobile Edge Computing Market by Vertical ($ Million) 2020 (US$ Mn)
2.5 Global Mobile Edge Computing Market, by Geography, 2020 (US$ Mn)
2.6 Porter’s Five force Model
2.7 See Saw Analysis
2.8 Key Buying Criteria
2.9 Vendor Landscape
2.10. PESTEL Analysis
2.11 GAP Analysis
2.12 Impact of Covid 19
3.1.1. Rise In Data Traffic
3.1.2. Rising Demand For Low Latency Computing
3.1.3. Proliferation of Smart phones Adoption
3.2.1. Privacy and Security Concerns
3.2.2. Regulatory and Legal Framework
3.3.1. Rising Demand From Big Data Analytics
3.3.2. Rise In Video Streaming (Hd & 4k)
3.3.3. Increasing Demand of New Technology From Emerging Countries
3.4.1. Data Authenticity Verification
3.4.2. High Frequency Requirement
4.2. Global 5g (Fifth Generation) Market Value ($ Million) 2019-2029 (US$ Mn)
4.3. Global Wimax Market Value ($ Million) 2019-2029 (US$ Mn)
5.2. Global Software Market Value ($ Million) 2019-2029 (US$ Mn)
5.3. Global Services Market Value ($ Million) 2019-2029 (US$ Mn)
6.2. Global Healthcare Market Value ($ Million) 2019-2029 (US$ Mn)
6.3. Global IT and Telecom Market Value ($ Million) 2019-2029 (US$ Mn)
6.4. Global Media and Entertainment Market Value ($ Million) 2019-2029 (US$ Mn)
6.5. Global Retail Market Value ($ Million) 2019-2029 (US$ Mn)
6.6. Global Others Market Value ($ Million) 2019-2029 (US$ Mn)
7.2. Canada Market Value ($ Million) 2019-2029 (US$ Mn)
8.2. France Market Value ($ Million) 2019-2029 (US$ Mn)
8.3. Germany Market Value ($ Million) 2019-2029 (US$ Mn)
8.4. Spain Market Value ($ Million) 2019-2029 (US$ Mn)
8.5. Rest of Europe Market Value ($ Million) 2019-2029 (US$ Mn)
9.2. India Market Value ($ Million) 2019-2029 (US$ Mn)
9.3. Japan Market Value ($ Million) 2019-2029 (US$ Mn)
9.4. Australia Market Value ($ Million) 2019-2029 (US$ Mn)
9.5. Rest of Asia Pacific Market Value ($ Million) 2019-2029 (US$ Mn)
10.2. Middle East & Africa Market Value ($ Million) 2019-2029 (US$ Mn)
11.1.2. Strategic Initiatives
11.1.3. Scot Analysis
11.1.4. Strategic Analysis
11.2. Gigaspaces Technologies Inc.
11.2.2. Product Portfolio
11.2.3. Scot Analysis
11.2.4. Strategic Analysis
11.3. Huawei Technologies Co. Ltd.
11.3.2. Product Portfolio
11.3.3. Strategic Initiatives
11.3.4. Scot Analysis
11.3.5. Strategic Analysis
11.4. Peerapp Inc.
11.4.2. Product Portfolio
11.4.3. Strategic Initiatives
11.4.4. Scot Analysis
11.4.5. Strategic Analysis
11.5. Intel Corporation Company
11.5.2. Product Portfolio
11.5.3. Strategic Initiative-
11.5.4. Scot Analysis
11.5.5. Strategic Analysis
11.6. Juniper Network Inc
11.6.2. Product Portfolio
11.6.3. Strategic Initiative
11.6.4. Scot Analysis
11.6.5. Strategic Analysis
11.7. Spidercloud Wireless, Inc. (Acquired by Corning)
11.7.2. Product Portfolio
11.7.3. Strategic Initiatives
11.7.4. Scot Analysis
11.7.5. Strategic Analysis
11.8.1. Saguna Networks Ltd.
11.8.3. Product Portfolio
11.8.4 Strategic Initiative
11.8.5 Scot Analysis
11.13. Strategic Analysis
11.9.2 Product Portfolio
11.9.3. Strategic Initiative
11.9.4 Scot Analysis
11.9.5 Strategic Analysis
11.10. IBM Corporation
11.10.2. Product Portfolio
11.10.4. Scot Analysis
11.11. Integrated Device Technology, Inc.
11.11.2. Product Portfolio
11.11.3. Strategic Initiative
11.11.4. Scot Analysis
11.11.5 Strategic Analysis
11.12. Vasona Networks
11.12.2. Product Portfolio
11.12.3. Strategic Initiatives
11.12.4. Scot Analysis
11.12.5. Strategic Analysis
11.13. Artesyn’s Embedded Technologies
11.13.2. Product Portfolio
11.13.3. Scot Analysis
11.13.4. Strategic Analysis
11.14. Nokia Company
11.14.2. Production Portfolio
11.14.3. Strategic Initiative
11.14.4. Scot Analysis
11.14.5. Strategic Analysis
11.15. ZTE Corporation
11.15.1. Company Overview
11.15.2. Product Portfolio
11.15.3. Strategic Initiatives
11.15.4. Scot Analysis
11.15.5. Strategic Analysis
- Adlink Technology Inc.
- Gigaspaces Technologies Inc.
- Huawei Technologies Co. Ltd.
- Peerapp Inc.
- Intel Corporation
- Juniper Network Inc
- Spidercloud Wireless Inc
- Saguna Networks Ltd
- Ibm Corporation
- Integrated Device Technology Inc.
- Vasona Networks
- Artesyn’s Embedded Technologies
- Nokia Company
- ZTE Corporation