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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:
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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.
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
Key Mobile Edge Computing Market Trend
Key Mobile Edge Computing Market Challenge
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.
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.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
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.
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.
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.
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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.
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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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Component
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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