Mobile Edge Computing Market by Component and Geography - Forecast and Analysis 2022-2026

The mobile edge computing market share is expected to rise to USD 1.60 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 30.21%.

This mobile edge computing (MEC) market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers mobile edge computing market segmentation by the following:

• Component - Hardware and software
• Geography - North America, Europe, APAC, South America, and Middle East and Africa

What will the Mobile Edge Computing Market Size be During the Forecast Period?

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The MEC market report also offers information on several market vendors, including ADLINK Technology Inc., Advantech Co. Ltd., AT and T Inc., COMSovereign Holding Corp., GigaSpaces Technologies Ltd., Huawei Technologies Co. Ltd., Intel Corp., Juniper Networks Inc., Nokia Corp., SK Telecom Co. Ltd., SMART Global Holdings Inc., TelcoDR Inc., Telefonaktiebolaget LM Ericsson, Verizon Communications Inc., Vodafone Group Plc, and ZTE Corp. among others.

Mobile Edge Computing Market: Key Drivers, Trends, and Challenges

The increase in the data traffic is notably driving the mobile edge computing market growth, although factors such as high deployment cost of 5g technology may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the mobile edge computing industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Mobile Edge Computing Market Driver

• One of the key factors driving the global mobile edge computing market growth is the increase in data traffic.
• Mobile edge computing is evolving with the integration of IoT devices such as multiplexers, cloud services and resources, and other wide variety of WAN access devices.
• The user proximity can leverage the available resources in mobile computing networks.
• The mobile edge computing platform helps in enabling the billions of connected mobile devices to execute the real-time compute-intensive applications in the end-user industries by connecting with the network edge directly.
• Mobile edge computing allows software applications to tap into local content, thereby accessing real-time information about local-access network conditions.
• The growing number of IoT devices will drive the global market during the forecast period.

Key Mobile Edge Computing Market Trend

• Strategic collaboration among market participants is one of the key mobile edge computing market trends that is expected to impact the industry positively in the forecast period.
• Market participants from different industries, such as information technology solutions, and semiconductor integrated circuits, aggressively invest in computing technology.
• Various governments are also working on a collaboration with market participants to accelerate the deployment of 5G technology.
• The quicker processing power and smaller form factors by moving processing power to the cloud via mobile cloud computing nodes will benefit the mobile users.
• On March 24, 2022, T-Mobile Inc. announced its partnership with telecom equipment companies, including Nokia Corporation, Dell Technologies Inc., and Telefonaktiebolaget LM Ericsson, for its 5G Advanced Network Solution.
• In May 2020, IBM, Samsung, and M1 collaborated to start Singapore's 5G smart manufacturing trial to find ways in which 5G connectivity can improve the control of robotic arms and other smart devices on factory floors. 

Key Mobile Edge Computing Market Challenge

• One of the key challenges to the global mobile edge computing market growth is the high deployment cost of 5g technology.
• The overall cost for both mobile edge computing and 5G connectivity to handle the entire workload is very high.
• The high installation cost of small cell networks and limited security for remotely placed outdoor power systems may also hamper the market growth.
• Large organizations in the market in focus are compelled to adhere to stringent regulations laid by telecommunication standard organizations.
• The market is expected to face a challenge due to the high cost of new frequency spectrum releases.
• The deployment cost for LTE infrastructure alone will be more than $200 billion, which would be greater than upgrade costs and virtual data center processing costs.
• In the US alone, the capital required to set up 5G infrastructure was $100 billion in 2020. The high cost of 5G technology deployment can restrain the growth of the market during the forecast period.

This mobile edge computing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global mobile edge computing market as a part of the global data processing and outsourced services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the mobile edge computing market during the forecast period.

Who are the Major Mobile Edge Computing Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• ADLINK Technology Inc.
• Advantech Co. Ltd.
• AT and T Inc.
• COMSovereign Holding Corp.
• GigaSpaces Technologies Ltd.
• Huawei Technologies Co. Ltd.
• Intel Corp.
• Juniper Networks Inc.
• Nokia Corp.
• SK Telecom Co. Ltd.
• SMART Global Holdings Inc.
• TelcoDR Inc.
• Telefonaktiebolaget LM Ericsson
• Verizon Communications Inc.
• Vodafone Group Plc
• ZTE Corp.

 

This statistical study of the mobile edge computing market encompasses successful business strategies deployed by the key vendors. The mobile edge computing market is fragmented and the vendors are deploying growth strategies such as technological innovation to compete in the market.

Product Insights and News

• ADLINK Technology Inc. - The company offers mobile edge computing services such as 5G which is 10 times faster than its predecessor and drives latency down to 1ms.
• Advantech Co. Ltd. - The company offers mobile edge computing services such as Video AI Counting Edge, Video AI Facial Recognition Edge, VideoSense Edge, Thermal Screening Manager, SignageCMS Server, and Thermal Screening Kiosk.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The mobile edge computing market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Mobile Edge Computing Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the mobile edge computing market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Mobile Edge Computing Market?

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45% of the market's growth will originate from North America during the forecast period. The US is the key market for mobile edge computing in North America. Market growth in this region will be faster than the growth of the market in Europe.

The increasing adoption of Internet of things (IoT) technology in countries such as the US will facilitate the mobile edge computing market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic has negatively impacted the mobile edge computing market in North America, especially in the US and Canada, in 2020. The sudden outbreak of the COVID-19 led to nationwide lockdowns and the temporary closure of several end-user industries such as telecommunication and industrial IoT to curb the spread of the disease. However, the demand for mobile edge computing services increased post-2020 in North America as major companies such as Google LLC, Amazon.Com, Inc, and Intel Corp. announced permanent remote work for their employees. Mobile edge computing brings data processing and delivery capabilities closer to the data's source for employees working remotely. Thus, the regional mobile edge computing market will witness growth during the forecast period.

What are the Revenue-generating Component Segments in the Mobile Edge Computing Market?

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The mobile edge computing market share growth by the hardware segment will be significant during the forecast period. Hardware components include processors, servers, switches, routers, and the end device. These hardware components ensure data is processed in real-time. Thus, the hardware segment of the global mobile edge computing market will witness substantial growth in the forecast years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the mobile edge computing market size and actionable market insights on post COVID-19 impact on each segment.

 

Mobile Edge Computing Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 30.21%
Market growth 2022-2026	$ 1.60 billion
Market structure	Fragmented
YoY growth (%)	29.87
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 45%
Key consumer countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	ADLINK Technology Inc., Advantech Co. Ltd., AT and T Inc., COMSovereign Holding Corp., GigaSpaces Technologies Ltd., Huawei Technologies Co. Ltd., Intel Corp., Juniper Networks Inc., Nokia Corp., SK Telecom Co. Ltd., SMART Global Holdings Inc., TelcoDR Inc., Telefonaktiebolaget LM Ericsson, Verizon Communications Inc., Vodafone Group Plc, and ZTE Corp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Mobile Edge Computing Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive mobile edge computing market growth during the next five years
• Precise estimation of the mobile edge computing market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the mobile edge computing industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of mobile edge computing market vendors

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