MarketsandMarkets expects the Mobile Edge Computing Market to grow from USD 185.8 million in 2017 to USD 838.6 million by 2022, at a Compound Annual Growth Rate (CAGR) of 35.2%. MEC provides various benefits such as alleviation from the problems of congestion, ultra-low latency, better user experience, and high availability of real time network information.
Hardware segment is expected to grow at the fastest rate in the component market as they play a vital role in the performance, such as high speed and low latency. MEC allows operators to provide new services by opening up their Radio Access Network (RAN) edge and placing smart nodes at the edge of a mobile network. Moreover, hardware can be decoupled from the software, which speeds-up the time to deploy new services and provides economies of scale.
Data analytics is expected to be the fastest-growing application in this market, due to the increasing amount of data and the need to process this data for insightful information. MEC’s proximity to the source of information is close, thereby, data analytics would significantly reduce the decision time and steer the traffic on a real-time basis. Moreover, it would allow monetization of different services by connecting with subscribers/users with various business, events, and locations, according to their desired needs.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=10135317
The Small and Medium-sized Enterprises (SMEs) segment is growing at the higher rate in this market as these enterprises are facing resource crunch due to the limited budget. Moreover, the increasing requirement to better optimize their business processes is pushing this market forward. Thus, it is expected that SMEs would significantly adopt the MEC technology during the forecast period.
The Asia Pacific (APAC) region is expected to grow at the highest rate during the forecast period due to the increased penetration of subscribers, which would help enterprises to monetize their services and improve profit margins. Enterprises in the APAC region are consistently focused on optimizing the increasing data flow and delivering better quality service to end-users.
The major growth factors that would further drive the adoption of the MEC market include increasing need among enterprises to deliver Quality of Experience (QoE) and rising focus on delivering high bandwidth and low latency.
Speak to Our Expert Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=10135317
Some of the major players in the MEC market include Adlink Technology Inc. (Taiwan), Advantech Co., Ltd. (Taiwan), Artesyn Embedded Technologies Inc. (California, US), Brocade Communications Systems, Inc. (California, US), Huawei Technologies Co., Ltd. (Shenzhen, China), Juniper Networks, Inc. (California, US), Nokia Corporation (Espoo, Finland), Saguna Networks Ltd. (Israel), Vapor IO, Inc. (Texas, US), and Vasona Networks, Inc. (California, US). These players have adopted various growth strategies, such as, partnerships, agreements, and collaborations, and new product launches. These strategies were adopted by various players to achieve a strong foothold in the MEC market and achieve better profit margins.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
