Published on : Jul 26, 2017
Albany, New York, July 26, 2017: Mobile Edge Computing is an emerging technology that provides cloud and IT services within the close proximity of mobile subscribers. According to the findings of the latest study, the MEC market is expected to witness a growing demand globally owing to its growing trend in different applications due to its low latency, high content delivery and high quality of experience. To explore detailed information on this growing market, a new study titled “Mobile Edge Computing (MEC) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025” has been published to the online repository of Market Research Hub (MRH).
This 208-pages report provides an in-depth analysis of the global mobile edge computing market for the period 2017 to 2025, in which 2016 is the base year. The report encloses geographical divergence of the market covering prime regions, such as North America, Asia-Pacific, Europe, Middle East and Africa, South America. As per the study key highlights, the global mobile edge computing market will likely expand at a phenomenal 51.0% CAGR during the period from 2017 to 2025. At this pace, its revenue is projected to become US$4228.3 mn by 2025 from US$73.8 mn in 2016.
Mobile Edge Computing can be defined as, a network architecture which provides access to cloud-like computing and storage resources at the mobile edge, within the Radio Access Network (RAN) and in close proximity to mobile subscribers. It is the part of edge computing and is highly applicable to many settings including M2M, network security, Big Data Analytics and many business-specific applications. MEC offers a range of benefits, especially for operators, equipment providers, IT platform providers and system integrators. In addition to reducing the congestion of mobile core networks, MEC delivers low latency.
The market overview section of the report comprises detailed market segmentation and highlights the drivers, restraints and opportunities expected to influence the market in the coming years. Some of the key growth drivers in the global mobile edge computing (MEC) market are the rising demand for low latency computing and improved quality of experience (QoE), growing network traffic and data explosion and low energy consumption technique. In the next section, the report segments the market on the basis of component type, industry vertical, technology and regions. Based on the component, the market is segmented into hardware, software and service. Technological segmentation includes 4G, 5G and Wi-Max. While, based on industry vertical the market is categorized into media and entertainment, retail, healthcare, IT & telecom, BFSI and others.
The prominent service providers operating the global market are IBM Corporation, Intel Corporation, Huawei Technologies Co., Ltd., ADLINK Technology Inc., Vasona Networks, Inc., Integrated Device Technology, Inc., Nokia Corporation, Juniper Networks, Inc., PeerApp Ltd., Sagunta Networks Ltd., ZTE Corporation, and SpiderCloud Wireless, Inc.
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