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Mobile Edge Computing Market By Component (Hardware, Software) By Application (Location-Based Services, Video Surveillance, Unified Communication, Optimized Local Content Distribution, Data Analytics, Environmental Monitoring), By Organization Size (Large Enterprises, Small And Medium-Sized Enterprises) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

Increasing Demand for Data Communication Systems to boost the Mobile Edge Computing Market

The mobile edge computing market worldwide is expected to grow with a CAGR of 32.0% during the forecast period from 2019 to 2027, starting from US$ 258.0 Mn in 2018. Exponentially increasing data traffic worldwide and data communication systems are the prime factors driving the market growth. In addition, mobile edge computing assists the disposition of services within the RAN to develop a profound user experience. Backed by changes in regulatory & legal structure and rising security concerns, the mobile edge computing market is set to grow. Therefore, we expect the mobile edge computing market to grow enormously during the forecast period.

Market Synopsis

Data Analytics will led the Market

In 2018, the largest share of the global mobile edge computing market was held by location-based services. The location-based services use the real-time geographical data available. The location prompted or detected in a mobile device provides various information about the user, which may be about entertainment and security. Further, data analytics shall expand at the fastest rate during the forecast period. Due to the specific use of mobile edge computing for surplus data, the demand for data analytics shall increase due to its close proximity to the mobile device. Thus, we expect the data analytics segment to be the largest growing segment during the forecast period of 2019-2027.

The Asia Pacific to Grow Significantly during the Forecast Period

In 2018, North America dominated the mobile edge computing market and shall continue with the same during the forecast period. Notably, North America has a superior infrastructure, a high capacity for expenses, and the largest technology consumption. Further, the Asia Pacific is projected to grow exponentially through the forecast period. The inclusion of digitalization due to government policies has supported the mobile edge computing market. In addition, the usage of smartphones in the emerging economies of India and China is growing, directly driving the mobile edge computing market. As a result, we expect the Asia Pacific to demonstrate enormous growth over the years.

Some of the prominent players operating in the mobile edge computing market Adlink Technology Inc., Advantech Co., Ltd., Artesyn Embedded Technologies Inc., Brocade Communications Systems, Inc., Huawei Technologies Co., Ltd., Juniper Networks, Inc., Nokia Corporation, Saguna Networks Ltd., Vapor IO, Inc., and Vasona Networks, Inc. among others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The mobile edge computing market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global mobile edge computing market based on component, application, organization size, and geography.

Frequently Asked Questions

The market for Mobile Edge Computing is expected to reach US$ 258.0 Mn in 2028.

The Mobile Edge Computing market is expected to see significant CAGR growth over the coming years, at 32.0%.

The report is forecasted from 2019-2027.

The base year of this report is 2021.

Adlink Technology Inc., Advantech Co., Ltd., Artesyn Embedded Technologies Inc., Brocade Communications Systems, Inc., Huawei Technologies Co., Ltd., Juniper Networks, Nokia Corporation, Saguna Networks Ltd, Vapor IO, Inc. are some of the major players in the global market.

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Godaddy
Published Date:  Dec 2019
Category:  Technology & Media
Report ID:   60100
Report Format:   PDF
Pages:   120
Rating:    4.2 (70)
Delivery Time: 24 Hours to 48 Hours   
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