Blog Description

Mobile Edge Computing Market Highlights

Global mobile edge computing market

IT and Telecom | Oct, 2017

Product Overview:

Mobile Edge Computing (MEC) exemplifies cloud-computing capabilities and an information technology service environment at the edge of the cellular network, which includes base station infrastructure and information centers located near to the radio network. The data centers can extract network context from Radio Access Network (RAN) and process in an exceedingly distributed manner. MEC enables the mobile users to experience virtualized applications by making certain network flexibility in a cost-effective manner. The Mobile Edge Computing is providing a service setting that enables seamless accessibility and responsiveness for content, services and applications. In addition to this, the MEC technology is offering multiple business opportunities to mobile network operators and telecom service providers to do value addition through optimized applications and content.


Key Trends and Market Drivers:

The growth in the global Mobile Edge computing (MEC) Market is primarily attributed to the growing focus on enhancing customers’ Quality of Experience (QoE). The emerging need for ultra-low latency and high bandwidth requirements are resulting in the worldwide adoption of MEC technology among business enterprises. Superior Quality of Experience as well as contextualized services, tailored to meet the needs and preferences of end users are majorly driving the Global Mobile Edge Computing market at an agile rate. Furthermore, deployment of the radio and other available network resources, novel applications & services for mobile subscribers and telecom enterprises are other factors causative to the expansion of MEC technology worldwide.

How is Mobile Edge Computing serving as a gateway to 5G era?

Mobile Edge Computing is emerging as a highly efficient technology to assist the smooth transformation to 5G architecture. The demand for Mobile Edge Computing is rising on account of its ability to satisfy the growing needs and requirements pertaining to the 5G. The MEC technology is catering to the 5G transformation by means of improving expected throughput, enhancing latency and providing essential scalability and automation to the network. As per Ericsson Mobility Report 2017, it is anticipated that there would be over half a billion 5G subscriptions, with a population coverage of 15 percent, by the end of 2022.

Additionally, the growth in the global Mobile Edge Computing Market can be attributed to the immense growth in mobile traffic. The world is witnessing extensive adoption of smart devices, HD video/audio, Internet of Things, wireless sensors, etc., which in turn is driving the demand for MEC at a robust pace. Moreover, the proliferating demand for personalized services driven by emerging need to deliver better performance and improvise user experience is augmenting the demand for MEC technology across the globe.

What are the primary focus regions in Global MEC Market?

Asia-Pacific region is anticipated to witness fastest growth in the global Mobile Edge Computing Market through 2022. The growth of mobile edge computing market in the region is majorly backed 

                   Asia-Pacific Smartphone User Base, 2014-2021F (Million Individuals)

by boisterous growth of smartphones industry in developing nations such as India, China, etc. During 2016, the monthly mobile data traffic across the region was valued at 3.6 exabytes due to the enormous growth of mobile broadband subscription in Asian countries such as India, China, Japan and South Korea.

 

·     China is the major demand generating country for mobile edge computing as the nation is expecting more than 400 million broadband subscription through 2022.

·    The Government of South Korea is planning for commercialized implementation of 5G services throughout the country, wherein the nation would be featuring nearly 5 crore 5G services during the winter Olympics 2018 to be held at Pyeongchang.

Consequently, the favorable government initiatives and increasing private as well as public investments towards the constructive development of 5G wireless network technology is escalating the global mobile edge computing market. The large subscriber base in the region is offering a cost-effective business expansion strategy to international enterprises, which is poised to accelerate the global MEC market over the coming years.

North America accounted as the dominating regional market for mobile edge computing in 2016. Owing to the presence of several potent MEC players across the constituent nations, the region garnered highest revenue share in the global Mobile Edge Computing Market, during 2016. Moreover, the high rate of adoption of smart devices such as smartphone, tablets, etc. is further making North America as a potential demand generating region for MEC technology. For instance, the region’s monthly cellular data traffic stood at 1.8 exabytes and the data consumption was nearly 5.1 GB per smartphone during 2016.

The region is expected to maintain its dominance through 2022 as well as the enterprises are emphasizing on achieving ultra-low latency and targeting faster delivery of MEC applications. In addition to this, the growing expenditure on advanced and sophisticated technologies by renowned organizations in order to gain competitive edge and offer better business operations is propelling the global MEC market. 

            United States Smartphone & Tablet Users, 2013-2021F (Million Individuals)

Conclusion:

In conclusion, Global mobile edge computing market is projected to grow at a CAGR of over 35%, in value terms, during 2017-2022. The rising data traffic, rising demand of mobile edge communication systems, regulatory & legal framework, privacy and security concern and increasing adoption of smart devices such as smartphone & tablets is expected to propel demand for mobile edge computing over the next five years. Some of the major players operating in the global mobile edge computing market are Adlink Technology Inc., Advantech Co., Ltd., Artesyn Embedded Technologies Inc., Brocade Communications Systems, Inc., Huawei Technologies Co., Ltd., Juniper Networks, Inc., Nokia Corporation, Saguna Networks Ltd., Vapor IO, Inc., Vasona Networks, Inc. etc.

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