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Mobile Edge Computing (MEC) is a network architecture that enabled IT service environment and cloud computing capabilities at the edge of cellular network. MEC technology is designed in such a way that is can be implemented in cellular base station. By such implementation MEC enables enhanced user experience with high network bandwidth. The increasing adoption of 4G and 5G technology is boosting the growth with a CAGR of around 50.2% in global Mobile Edge Computing (MEC) market. The unprecedented rise in smartphone has resulted into proliferation of data traffic. The MEC enables network performance, video acceleration which has increased smartphone user experience. Growing requirement of 4G & 5G technology due to rise in video streaming globally. MEC is generally considered for 5G network that handles the challenges faced by service providers and operators. Thus, the emergence of 5G technology is boosting the growth in global mobile edge computing market.
The rise in data traffic is boosting the growth in global MEC market. The proliferation of smart devices such as smartphone, tablets and others has increased the growth of mobile data traffic. The rising use of social media platform has increased the demand for HD content that results in rise in data traffic across the globe. According to research done by various telecommunication companies such as Ericson, Cisco, etc. It is estimated that by the end of 2022 the total mobile data traffic is expected to reach to 69 exabytes which was 8.5 exabytes in 2015. Hence, the growing mobile data traffic is contributing to the growth of the global MEC market. In addition to driving factor, there are factors such as privacy & security concern and regulatory and legal framework restricting the growth of the global Mobile Edge Computing (MEC) market.
Source: OBRC Analysis.
The report on global Mobile Edge Computing (MEC) market includes technology, components, verticals.
Technology that are using Mobile Edge Computing (MEC) are:
Mobile edge computing (MEC) report components segment include:
Verticals in which Mobile Edge Computing (MEC) is deployed includes:
The report scope is widely categorized on the basis of its components through which Mobile Edge Computing (MEC) are deployed which include hardware, software and services. Moreover, the market revenue estimates and forecast includes hardware and all other components.
The global Mobile Edge Computing (MEC) market report has been geographically segmented in:
North America accounts highest revenue share in 2016. The rise in mobile data traffic in North America is boosting the growth of North American MEC market. In 2016, North America mobile data traffic is accounted at 1.8 exabytes per month. Moreover, North America accounts to highest data usage in the world. In 2016, data consumption in North America is around 5.1 GB per smartphone. The usage in North America has experienced 40% increase from 2015. Hence, the increasing mobile data traffic is boosting the growth of North America mobile edge computing market. Furthermore, Asia Pacific is the fastest growing region in global Mobile Edge Computing (MEC) market. The growth in Asia Pacific mobile edge computing market is mainly driven by rising mobile data traffic in Asian countries such as India, China, Japan, etc. In Asia Pacific, mobile data traffic is valued at 3.6 exabytes per months in 2016. The major factor behind the growth of Asia Pacific mobile data traffic is rapidly growing mobile broadband subscription in Asian countries such as India, China, Japan, South Korea. China is one of the key growth contributing country in Asia Pacific. The growth of mobile edge computing market in China is majorly driven by rising number of mobile broadband subscription. It is estimated that during 2016-2022 around 440 million broadband subscription will be added. South Korean government is planning to deploy 5G services commercially across the region, also planning to feature around 5 crore 5G services during the winter Olympics 2018 at Pyeongchang. Hence, the growing government support, initiative and investment for the development of 5G wireless network technology is boosting the growth in global mobile edge computing (MEC) market.
Global mobile edge computing market report covers segmentation analysis of technology, components, verticals. Report further covers segments of verticals which includes banking, financial services and insurance, healthcare, IT & telecom, media & entertainment, retail and others. Media & healthcare held the largest revenue share in vertical segment due to higher adoption of smartphones due to rising demand for HD content and real-time access of an event happening globally.
The major market players of the global Mobile Edge Computing (MEC) market are:
These companies using various strategies such as merger & acquisition, collaboration, partnership and product launch. Whereas, new product development is the key strategy adopted by the companies in the mobile edge computing market.
For Example: In August 2016, IBM corporation and Integrated device technology ltd. announced a high-performance computing solution specifically for telecommunication edge networks. The solution combines IBM's POWER8-based servers with RapidIO technology. Similarly, In February 2017, Saguna networks ltd. and Tech Mahindra joined hands to offer mobile edge computing based acceleration and optimization solution to enhance mobile network utilization and improve user experience.
The report covers detailed analysis of companies which comprises overview, SCOT analysis, product portfolio, strategic initiative, strategic analysis, competitive landscape and market share analysis in mobile edge computing market.
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How we are different from others:
At Occams we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global mobile edge computing market offers detailed analysis of strategic models such as investment vs. adoption model, see saw analysis, return on investment analysis and others strategic models. Also, the report contains the detailed analysis of application, adoption scenario and decision support for each segment. The report contains detailed patent analysis. The report discusses competitive landscape of the mobile edge computing market, with giving extensive SCOT analysis of key companies.
Key findings of the global mobile edge computing market.
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LIST OF FIGURES