Mobile edge computing, or Multi-access edge computing (MEC), is a type of network architecture that ensures better integration of cloud computing capabilities and an IT service environment that happens to be at the edge of the cellular network. The process allows better performance in running applications and performing associated tasks nearer to the cellular customer. This would lessen the pressure on the network and help in de-congesting the method. The global mobile edge computing (MEC) market can expect substantial boost in the coming years.
The mobile edge computing (MEC) market is relying strongly on the inclusion of smartphones, better performance from associated industries, upgradation to 5G technology, hike in investment to develop better products, and other factors for the growth in the coming years.
Key Players:
Intel Corporation
ADLINK Technology, Inc.
Integrated Device Technology, Inc.
Juniper Networks, Inc.
IBM Corporation
Nokia Corporation
PeerApp, Inc.
Saguna Networks Ltd.
SpiderCloud Wireless, Inc.
Vasona Networks
Huawei Technologies Co., Ltd.
ZTE Corporation
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Segmentation:
The global mobile edge computing (MEC) market can be analyzed better with segmentation. The report segments the market into type and application to earn better insights regarding the market.
Based on the type, the mobile edge computing (MEC) market can be segmented into hardware, software, and service. All these segments are slated to fetch in substantial market revenue.
Based on the application, the mobile edge computing (MEC) market can be segmented into media & entertainment, retail, IT & Telecom, healthcare, BFSI, and others. The IT & telecom segmnet can expect smooth growth. The BFSI segment would gain substantially from this system as it directly serves the customer.
Regional Analysis:
North America, Europe, Asia Pacific (APAC), South America, and the Middle East & Africa (MEA) are countries that have been considered for the region-specific study of the global mobile edge computing (MEC) market. This analysis would provide details regarding various demographic challenges that these markets often face.
North America and Europe are regions that are expecting huge traction in the coming years owing to their strong growth potential due to superior infrastructure, better inclusion of digitalization, high expenditure capacity, high uptake of latest technologies, and continuous progress in research & development sector. Such advantages have given regional players an edge in establishing themselves as a strong working force.
The APAC market is all set to gain from the market as its emerging economies are revamping their industrial setups. This has facilitated easy inclusion of latest technologies and major market players to support the growth of the market. At the same time, high intake of smartphones in the region, triggered by massive population is all set to define the growth of this market.
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