PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1250705
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1250705
Mobile Edge Computing Market Forecasts to 2028 - Global Analysis By Component, Organization Size (Small and Medium-sized Enterprises and Large Enterprises), Application and By Geography
According to Stratistics MRC, the Global Mobile Edge Computing Market is accounted for $2.76 billion in 2022 and is expected to reach $26.10 billion by 2028 growing at a CAGR of 45.4% during the forecast period. Mobile edge computing is a network architecture that provides IT and cloud computing capabilities at the cellular network's edge. It is a new alternative for network providers who are struggling to meet consumer requests for expanded coverage and increased bandwidth. It is primarily used to alleviate network congestion and improve apps by bringing associated processing jobs closer to the end user. The technology is intended to be applied in cellular base stations, allowing for the rapid deployment of applications and other client services. The fundamental benefit of MEC is that it reduces congestion on mobile networks by bringing data closer to the end user and streaming it straight to their phones.
According to Infosys, 56% of the energy and utility companies are defining use cases for 5G, and 20% have already established their 5G service portfolios along with the ecosystem partners.
Market Dynamics:
Driver:
Rising application of 5g and industrial IOT services among end-user industries
Industry 4.0 is opening up new and exciting opportunities for the deployment of MEC platforms, which are present in the transition from legacy systems to smart components and machines, supporting digital factories, and generating an ecosystem of connected plants and organisations. 5G services are projected to boost IoT in industrial automation the most. The functionality to enable this section is currently being defined in 3GPP, driven by Industrial 4.0 projects and industry groups such as 5G-ACIA. It will be a 5G-specific segment for local area applications and private network deployments. 5G service adoption is increasing in the healthcare industry. Energy and utility firms are leading the way in actively improving 5G business cases, services, and partnerships.
Restraint:
Lack of a common security framework
MEC is vulnerable to the myriad threats and pieces of hardware that lurk in the shadows because to the lack of a security framework. This is true of any network technology or architecture. A wide range of dangers and hazards are possible in the MEC network. The most prevalent attacks that stymie market expansion, however, may be reduced down to compromised protocols, faked information and logs, loss of policy enforcement, man-in-the-middle, and data loss.
Opportunity:
Expanding need among businesses to deliver quality of experience
As the number of connected devices grows, so does the amount of mobile data, driving up demand for telecom and network services. MNOs are constantly under pressure to provide high-quality services to consumers since demand for mobile data, particularly mobile video services, is increasing rapidly. Because of the MEC network design, an operator can provide new services at the edge of mobile networks. Operators leverage cutting-edge technology such as Network Functions Virtualization (NFV), virtualized RAN (vRAN), and SDN to offer new types of context-aware and value-added services. Application vendors, MNOs, and infrastructure providers are developing innovative apps to take advantage of RAN capabilities.
Threat:
High deployment cost
Because sophisticated cyber-attacks are becoming more common, edge computing requires continual update and monitoring, despite the fact that it is generally safe. Individual MEC nodes and 5G vital services could be the target of fatal Distributed Denial-of-Service (Ddos) attacks that go undetected in a centralised data centre. Also, there is a scarcity of competent personnel to manage the increasingly sophisticated technologies. The market's expansion may be limited by a lack of infrastructure and deployment competence.
Covid-19 Impact
COVID-19 will have a significant impact on the market for mobile edge computing. Furthermore, the risk of a broad economic slowdown in response to the pandemic might significantly reduce IT budgets in the following months, reducing the potential client base for new 5G technologies. However, due to the spread of COVID-19, growth in 5G smartphone sales and network deployment is expected to decrease, thus impeding the growth of the mobile edge computing market. Furthermore, as a result of COVID, several nations are delaying 5G deployment, which would have a direct impact on the growth of the mobile edge computing market.
The hardware segment is expected to be the largest during the forecast period
The hardware segment is estimated to have a lucrative growth. The mobile edge computing infrastructure being recognized as a niche latency-sensitive application in the AR domain is expected to gain traction and generate market demand for hardware solutions. These infrastructure resources empower the AR system by maximizing throughput by leveraging the intelligence to the edge hardware rather than relying on the core network and thereby offloading computation-intensive tasks. Additionally, the growing investment for 5G deployments across the telecommunication industry for improving the quality of service is one of the key factors fuelling investments in mobile edge computing hardware, including edge gateways and hyper-converged infrastructure.
The location-based services segment is expected to have the highest CAGR during the forecast period
The location-based services segment is anticipated to witness the fastest CAGR growth during the forecast period, because of the introduction of new technologies and enhanced data transfer via 5G and cloud computing. The location-based service sends location-based data to the mobile edge platform or authorised applications. Active device location monitoring and location-based service recommendation are performed by the mobile edge platform or applications using location-related information. Bridge Alliance will collaborate with TM Forum in October 2021 to improve the capabilities of Bridge Alliance member operators in location-based services.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period because of rising investments in telecommunications sectors, government measures to support digitalization, substantial investments in IoT & cloud technologies, and high penetration of smart devices in emerging economies such as India and China. China Mobile plans to construct cloud infrastructure around the country, including "a big number" of edge computing nodes. China's 5G rollout is fuelling growth in developing high-tech industries such as mobile edge computing, which processes data closer to devices in real-time than a cloud processor thousands of kilometres away.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period. North America is home to three major cloud service providers: Microsoft Azure, Amazon Web Services, and Google Cloud. This region is also regarded as the epicentre of all key technical advances, including 5G, autonomous driving, IoT, blockchain, gaming, and artificial intelligence. This region of the world is well-known for being among the first to accept newly emerging technologies. Many developing technologies are currently strongly reliant on data. With the development of new technologies, edge computing is expected to have a significant impact.
Key Players in the market
Some of the key players profiled in the Mobile Edge Computing Market include Comsovereign Holding Corp, Nokia Corporation, AT&T Inc, Huawei Technologies Co. Ltd, Saguna Networks Ltd., Vapor IO, Inc., Vasona Networks, Inc., Brocade Communications Systems Inc., Juniper Networks Inc., Advantech Co., Ltd., Intel Corporation, Renesas Electronics Corporation, Emerson Electric co., GigaSpaces Technologies, Inc., Corning, Inc. and ZephyrTel.
Key Developments:
In October 2022, AT&T announced the launch of a Dozen 5G "Edge Zones" across the United States by the end of the year to enable the next generation of network services. These edge zones powered by regional 5G standalone network cores will open up a range of new capabilities that simply aren't possible with 4G. This will be similar to startups that played an integral role in developing new experiences and services because of 4G.
In August 2022, Nokia announced the successful testing of a 600Gbit/s line rate on Telekom Serbia and MTEL's optical transport network over a distance of 600km between Banja Luka and Belgrade. The test utilized the Nokia 1830 Photonic Service Switch (PSS), powered by its PSE-Vs chipset, and laid the foundation for future growth to meet the needs of low latency and high-capacity traffic demands enabling the transport of 100GE and 400GE services.
In August 2022, Nokia revealed that Orange Egypt has chosen to upgrade its existing Nokia SDM system to accommodate subscriber growth over the next five years. The additions to the SDM network consist of a comprehensive modernization of the solution with improved hardware and continuing software updates. The new system will provide Orange Egypt's customers with enhanced dependability and security and the potential to increase operational efficiency and fulfill its subscribers' changing capacity and service requirements.
Components Covered:
- Services
- Software
- Hardware
Organization Sizes Covered:
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
Applications Covered:
- Data Analytics
- Environmental Monitoring
- Location-based Services
- Optimized Local Content Distribution
- Unified Communication
- Video Surveillance
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Mobile Edge Computing Market, By Component
- 5.1 Introduction
- 5.2 Services
- 5.3 Software
- 5.4 Hardware
6 Global Mobile Edge Computing Market, By Organization Size
- 6.1 Introduction
- 6.2 Small and Medium-sized Enterprises (SMEs)
- 6.3 Large Enterprises
7 Global Mobile Edge Computing Market, By Application
- 7.1 Introduction
- 7.2 Data Analytics
- 7.3 Environmental Monitoring
- 7.4 Location-based Services
- 7.5 Optimized Local Content Distribution
- 7.6 Unified Communication
- 7.7 Video Surveillance
8 Global Mobile Edge Computing Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Comsovereign Holding Corp
- 10.2 Nokia Corporation
- 10.3 AT&T Inc
- 10.4 Huawei Technologies Co. Ltd
- 10.5 Saguna Networks Ltd.
- 10.6 Vapor IO, Inc.
- 10.7 Vasona Networks, Inc.
- 10.8 Brocade Communications Systems Inc.
- 10.9 Juniper Networks Inc.
- 10.10 Advantech Co., Ltd.
- 10.11 Intel Corporation
- 10.12 Renesas Electronics Corporation
- 10.13 Emerson Electric co.
- 10.14 GigaSpaces Technologies, Inc.
- 10.15 Corning, Inc.
- 10.16 ZephyrTel
List of Tables
- Table 1 Global Mobile Edge Computing Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Mobile Edge Computing Market Outlook, By Component (2020-2028) ($MN)
- Table 3 Global Mobile Edge Computing Market Outlook, By Services (2020-2028) ($MN)
- Table 4 Global Mobile Edge Computing Market Outlook, By Software (2020-2028) ($MN)
- Table 5 Global Mobile Edge Computing Market Outlook, By Hardware (2020-2028) ($MN)
- Table 6 Global Mobile Edge Computing Market Outlook, By Organization Size (2020-2028) ($MN)
- Table 7 Global Mobile Edge Computing Market Outlook, By Small and Medium-sized Enterprises (SMEs) (2020-2028) ($MN)
- Table 8 Global Mobile Edge Computing Market Outlook, By Large Enterprises (2020-2028) ($MN)
- Table 9 Global Mobile Edge Computing Market Outlook, By Application (2020-2028) ($MN)
- Table 10 Global Mobile Edge Computing Market Outlook, By Data Analytics (2020-2028) ($MN)
- Table 11 Global Mobile Edge Computing Market Outlook, By Environmental Monitoring (2020-2028) ($MN)
- Table 12 Global Mobile Edge Computing Market Outlook, By Location-based Services (2020-2028) ($MN)
- Table 13 Global Mobile Edge Computing Market Outlook, By Optimized Local Content Distribution (2020-2028) ($MN)
- Table 14 Global Mobile Edge Computing Market Outlook, By Unified Communication (2020-2028) ($MN)
- Table 15 Global Mobile Edge Computing Market Outlook, By Video Surveillance (2020-2028) ($MN)
- Table 16 North America Mobile Edge Computing Market Outlook, By Country (2020-2028) ($MN)
- Table 17 North America Mobile Edge Computing Market Outlook, By Component (2020-2028) ($MN)
- Table 18 North America Mobile Edge Computing Market Outlook, By Services (2020-2028) ($MN)
- Table 19 North America Mobile Edge Computing Market Outlook, By Software (2020-2028) ($MN)
- Table 20 North America Mobile Edge Computing Market Outlook, By Hardware (2020-2028) ($MN)
- Table 21 North America Mobile Edge Computing Market Outlook, By Organization Size (2020-2028) ($MN)
- Table 22 North America Mobile Edge Computing Market Outlook, By Small and Medium-sized Enterprises (SMEs) (2020-2028) ($MN)
- Table 23 North America Mobile Edge Computing Market Outlook, By Large Enterprises (2020-2028) ($MN)
- Table 24 North America Mobile Edge Computing Market Outlook, By Application (2020-2028) ($MN)
- Table 25 North America Mobile Edge Computing Market Outlook, By Data Analytics (2020-2028) ($MN)
- Table 26 North America Mobile Edge Computing Market Outlook, By Environmental Monitoring (2020-2028) ($MN)
- Table 27 North America Mobile Edge Computing Market Outlook, By Location-based Services (2020-2028) ($MN)
- Table 28 North America Mobile Edge Computing Market Outlook, By Optimized Local Content Distribution (2020-2028) ($MN)
- Table 29 North America Mobile Edge Computing Market Outlook, By Unified Communication (2020-2028) ($MN)
- Table 30 North America Mobile Edge Computing Market Outlook, By Video Surveillance (2020-2028) ($MN)
- Table 31 Europe Mobile Edge Computing Market Outlook, By Country (2020-2028) ($MN)
- Table 32 Europe Mobile Edge Computing Market Outlook, By Component (2020-2028) ($MN)
- Table 33 Europe Mobile Edge Computing Market Outlook, By Services (2020-2028) ($MN)
- Table 34 Europe Mobile Edge Computing Market Outlook, By Software (2020-2028) ($MN)
- Table 35 Europe Mobile Edge Computing Market Outlook, By Hardware (2020-2028) ($MN)
- Table 36 Europe Mobile Edge Computing Market Outlook, By Organization Size (2020-2028) ($MN)
- Table 37 Europe Mobile Edge Computing Market Outlook, By Small and Medium-sized Enterprises (SMEs) (2020-2028) ($MN)
- Table 38 Europe Mobile Edge Computing Market Outlook, By Large Enterprises (2020-2028) ($MN)
- Table 39 Europe Mobile Edge Computing Market Outlook, By Application (2020-2028) ($MN)
- Table 40 Europe Mobile Edge Computing Market Outlook, By Data Analytics (2020-2028) ($MN)
- Table 41 Europe Mobile Edge Computing Market Outlook, By Environmental Monitoring (2020-2028) ($MN)
- Table 42 Europe Mobile Edge Computing Market Outlook, By Location-based Services (2020-2028) ($MN)
- Table 43 Europe Mobile Edge Computing Market Outlook, By Optimized Local Content Distribution (2020-2028) ($MN)
- Table 44 Europe Mobile Edge Computing Market Outlook, By Unified Communication (2020-2028) ($MN)
- Table 45 Europe Mobile Edge Computing Market Outlook, By Video Surveillance (2020-2028) ($MN)
- Table 46 Asia Pacific Mobile Edge Computing Market Outlook, By Country (2020-2028) ($MN)
- Table 47 Asia Pacific Mobile Edge Computing Market Outlook, By Component (2020-2028) ($MN)
- Table 48 Asia Pacific Mobile Edge Computing Market Outlook, By Services (2020-2028) ($MN)
- Table 49 Asia Pacific Mobile Edge Computing Market Outlook, By Software (2020-2028) ($MN)
- Table 50 Asia Pacific Mobile Edge Computing Market Outlook, By Hardware (2020-2028) ($MN)
- Table 51 Asia Pacific Mobile Edge Computing Market Outlook, By Organization Size (2020-2028) ($MN)
- Table 52 Asia Pacific Mobile Edge Computing Market Outlook, By Small and Medium-sized Enterprises (SMEs) (2020-2028) ($MN)
- Table 53 Asia Pacific Mobile Edge Computing Market Outlook, By Large Enterprises (2020-2028) ($MN)
- Table 54 Asia Pacific Mobile Edge Computing Market Outlook, By Application (2020-2028) ($MN)
- Table 55 Asia Pacific Mobile Edge Computing Market Outlook, By Data Analytics (2020-2028) ($MN)
- Table 56 Asia Pacific Mobile Edge Computing Market Outlook, By Environmental Monitoring (2020-2028) ($MN)
- Table 57 Asia Pacific Mobile Edge Computing Market Outlook, By Location-based Services (2020-2028) ($MN)
- Table 58 Asia Pacific Mobile Edge Computing Market Outlook, By Optimized Local Content Distribution (2020-2028) ($MN)
- Table 59 Asia Pacific Mobile Edge Computing Market Outlook, By Unified Communication (2020-2028) ($MN)
- Table 60 Asia Pacific Mobile Edge Computing Market Outlook, By Video Surveillance (2020-2028) ($MN)
- Table 61 South America Mobile Edge Computing Market Outlook, By Country (2020-2028) ($MN)
- Table 62 South America Mobile Edge Computing Market Outlook, By Component (2020-2028) ($MN)
- Table 63 South America Mobile Edge Computing Market Outlook, By Services (2020-2028) ($MN)
- Table 64 South America Mobile Edge Computing Market Outlook, By Software (2020-2028) ($MN)
- Table 65 South America Mobile Edge Computing Market Outlook, By Hardware (2020-2028) ($MN)
- Table 66 South America Mobile Edge Computing Market Outlook, By Organization Size (2020-2028) ($MN)
- Table 67 South America Mobile Edge Computing Market Outlook, By Small and Medium-sized Enterprises (SMEs) (2020-2028) ($MN)
- Table 68 South America Mobile Edge Computing Market Outlook, By Large Enterprises (2020-2028) ($MN)
- Table 69 South America Mobile Edge Computing Market Outlook, By Application (2020-2028) ($MN)
- Table 70 South America Mobile Edge Computing Market Outlook, By Data Analytics (2020-2028) ($MN)
- Table 71 South America Mobile Edge Computing Market Outlook, By Environmental Monitoring (2020-2028) ($MN)
- Table 72 South America Mobile Edge Computing Market Outlook, By Location-based Services (2020-2028) ($MN)
- Table 73 South America Mobile Edge Computing Market Outlook, By Optimized Local Content Distribution (2020-2028) ($MN)
- Table 74 South America Mobile Edge Computing Market Outlook, By Unified Communication (2020-2028) ($MN)
- Table 75 South America Mobile Edge Computing Market Outlook, By Video Surveillance (2020-2028) ($MN)
- Table 76 Middle East & Africa Mobile Edge Computing Market Outlook, By Country (2020-2028) ($MN)
- Table 77 Middle East & Africa Mobile Edge Computing Market Outlook, By Component (2020-2028) ($MN)
- Table 78 Middle East & Africa Mobile Edge Computing Market Outlook, By Services (2020-2028) ($MN)
- Table 79 Middle East & Africa Mobile Edge Computing Market Outlook, By Software (2020-2028) ($MN)
- Table 80 Middle East & Africa Mobile Edge Computing Market Outlook, By Hardware (2020-2028) ($MN)
- Table 81 Middle East & Africa Mobile Edge Computing Market Outlook, By Organization Size (2020-2028) ($MN)
- Table 82 Middle East & Africa Mobile Edge Computing Market Outlook, By Small and Medium-sized Enterprises (SMEs) (2020-2028) ($MN)
- Table 83 Middle East & Africa Mobile Edge Computing Market Outlook, By Large Enterprises (2020-2028) ($MN)
- Table 84 Middle East & Africa Mobile Edge Computing Market Outlook, By Application (2020-2028) ($MN)
- Table 85 Middle East & Africa Mobile Edge Computing Market Outlook, By Data Analytics (2020-2028) ($MN)
- Table 86 Middle East & Africa Mobile Edge Computing Market Outlook, By Environmental Monitoring (2020-2028) ($MN)
- Table 87 Middle East & Africa Mobile Edge Computing Market Outlook, By Location-based Services (2020-2028) ($MN)
- Table 88 Middle East & Africa Mobile Edge Computing Market Outlook, By Optimized Local Content Distribution (2020-2028) ($MN)
- Table 89 Middle East & Africa Mobile Edge Computing Market Outlook, By Unified Communication (2020-2028) ($MN)
- Table 90 Middle East & Africa Mobile Edge Computing Market Outlook, By Video Surveillance (2020-2028) ($MN)
