Mobile Edge Computing Market by Component, Application (Location-based Services, Unified Communication, Optimized Local Content Distribution, Data Analytics, Environmental Monitoring), Organization Size, and region – Global Forecast to 2027

  • Report ID:MRICT - 104424
  • Pages: 200
  • Sep 2020
  • Formats*: PDF
  • Category: Information & Communications Technology
  • Delivery: 2 to 4 Hours

1    Introduction
       1.1.    Market Definition
       1.2.    Market Ecosystem
       1.3.    Currency and Limitations
                  1.3.1.    Currency
                  1.3.2.    Limitations
       1.4.    Key Stakeholders

2    Research Methodology
       2.1.    Research Approach
       2.2.    Data Collection & Validation
                  2.2.1.    Secondary Research
                  2.2.2.    Primary Research
       2.3.    Market Assessment
                  2.3.1.    Market Size Estimation
                  2.3.2.    Bottom-Up Approach
                  2.3.3.    Top-Down Approach
                  2.3.4.    Growth forecast
       2.4.    Assumptions for the Study

3    Executive Summary
       3.1.    Overview
       3.2.    Market Analysis, by Component
       3.3.    Market Analysis, by Application
       3.4.    Market Analysis, by Organization Size
       3.5.    Market Analysis, by Geography
       3.6.    Competitive Analysis

4    Market Insights
       4.1.    Introduction
       4.2.    Market Dynamics
                  4.2.1.    Drivers
                                4.2.1.1.    Increasing Need among Enterprises to Deliver QoE
                                4.2.1.2.    Rising Demand for Low-Latency Processing and Real-Time Automated Decision-Making                                                   Solutions
                  4.2.2.    Restraints
                                4.2.2.1.    Lack of Required Infrastructure and Deployment Capabilities
                  4.2.3.    Opportunities
                                4.2.3.1.    Emergence of Autonomous Vehicles and Connected Car Infrastructure
                                4.2.3.2.    Emerging MEC Application Areas in AR/VR
                  4.2.4.    Challenges
                                4.2.4.1.    Vulnerability Issues with IoT Devices
                  4.2.5.    Trends 
                                4.2.5.1.    Proliferation of 5G Technology
       4.3.    Impact of Covid-19 Pandemic on Mobile Edge Computing Market

5    Mobile Edge Computing Market, by Component
       5.1.    Introduction
       5.2.    Hardware
       5.3.    Platform
       5.4.    Services

6    Mobile Edge Computing Market, by Application
       6.1.    Introduction
       6.2.    Location Based Services
       6.3.    Video Surveillance
       6.4.    Unified Communications
       6.5.    Optimized Local Content Distribution
       6.6.    Data Analytics
       6.7.    Environmental Monitoring

7    Mobile Edge Computing Market, by Organization Size
       7.1.    Introduction
       7.2.    Large Enterprises
       7.3.    Small and Medium Sized Enterprises (SME’s)

8    Global Mobile Edge Computing Market, by Geography
       8.1.    Introduction
       8.2.    North America
                  8.2.1.    U.S.
                  8.2.2.    Canada
       8.3.    Europe
                  8.3.1.    U.K.
                  8.3.2.    Germany
                  8.3.3.    France
                  8.3.4.    Italy
                  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.    Rest of Asia-Pacific (RoAPAC)
       8.5.    Latin America
       8.6.    Middle East & Africa

9    Competitive Land scape
       9.1.    Introduction
       9.2.    Key Growth Strategies
       9.3.    Competitive Benchmarking

10    Company Profile (Business Overview, Financial Overview, Product Portfolio, Strategic Developments)
         10.1.    Huawei Technologies Co., Ltd.
         10.2.    Saguna Networks, Ltd.
         10.3.    Juniper Networks, Inc.
         10.4.    IBM Corporation
         10.5.    Intel Corporation
         10.6.    Vapor IO
         10.7.    Zephyrtel
         10.8.    AT&T Inc.
         10.9.    Nokia Corporation
         10.10.    Integrated Device Technology, Inc. (Renesas Electronics Corporation)
         10.11.    Spidercloud Wireless, Inc. (Corning Inc.)
         10.12.    Adlink Technology, Inc.
         10.13.    Advantech Co., Ltd.
         10.14.    Artesyn Embedded Technologies, Inc. (Emerson Electric Co.)
         10.15.    Gigaspaces Technologies, Inc.

11    Appendix
         11.1.    Questionnaire
         11.2.    Available Customization 
    
List of Tables

Table 1        Currency Conversion Rates Into USD - (2016-2019)
Table 2        Impact Assessment of Covid-19 on Mobile Edge Computing Market ($Billion)
Table 3        Global Mobile Edge Computing Market Size, by Component, 2018-2027 ($Million)
Table 4        Global Mobile Edge Computing Hardware Market Size, by Country/Region, 2018-2027 ($Million)
Table 5        Global Mobile Edge Computing Platform Market Size, by Country/Region, 2018-2027 ($Million)
Table 6        Global Mobile Edge Computing Services Market Size, by Country/Region, 2018-2027 ($Million)
Table 7        Global Mobile Edge Computing Market Size, by Application, 2018-2027 ($Million)
Table 8        Global Mobile Edge Computing Market Size for Location Based Services Application, by Country/Region, 2018-2027 ($Million)
Table 9         Global Mobile Edge Computing Market Size for Video Surveillance Application, by Country/Region, 2019-2027 ($Million)
Table 10        Global Mobile Edge Computing Market Size for Unified Communication Application, by Country/Region, 2019-2027 ($Million)
Table 11         Global Mobile Edge Computing Market Size for Optimized Local Content Distribution Application, by Country/Region, 2019-2027 ($Million)
Table 12         Global Mobile Edge Computing Market Size for Data Analytics Application, by Country/Region, 2018-2027 ($Million)
Table 13         Global Mobile Edge Computing Market Size for Environmental Monitoring Application, by Country/Region, 2018-2027 ($Million)
Table 14        Global Mobile Edge Computing Market Size, by Organization Size, 2018-2027 ($Million)
Table 15        Mobile Edge Computing Market Size for Large Enterprises, by Country/Region, 2018-2027 ($Million)
Table 16        Mobile Edge Computing Market Size for Small and Medium Sized Enterprises, by Country/Region, 2018-2027 ($Million)
Table 17        North America: Mobile Edge Computing Market, by Country/Region, 2018-2027 ($Million)
Table 18        North America: Mobile Edge Computing Market Size, by Component, 2018-2027 ($Million)
Table 19        North America: Mobile Edge Computing Market Size, by Application, 2018-2027 ($Million)
Table 20        North America: Mobile Edge Computing Market Size, by Organization Size, 2018-2027 ($Million)
Table 21        U.S.: Mobile Edge Computing Market Size, by Component, 2018-2027 ($Million)
Table 22        U.S.: Mobile Edge Computing Market Size, by Application, 2018-2027 ($Million)
Table 23        U.S.: Mobile Edge Computing Market Size, by Organization Size, 2018-2027 ($Million)
Table 24        Canada: Mobile Edge Computing Market Size, by Component, 2018-2027 ($Million)
Table 25        Canada: Mobile Edge Computing Market Size, by Application, 2018-2027 ($Million)
Table 26        Canada: Mobile Edge Computing Market Size, by Organization Size, 2018-2027 ($Million)
Table 27        Europe: Mobile Edge Computing Market, by Country/Region, 2018-2027 ($Million)
Table 28        Europe: Mobile Edge Computing Market Size, by Component, 2018-2027 ($Million)
Table 29        Europe: Mobile Edge Computing Market Size, by Application, 2018-2027 ($Million)
Table 30        Europe: Mobile Edge Computing Market Size, by Organization Size, 2018-2027 ($Million)
Table 31        U.K.: Mobile Edge Computing Market Size, by Component, 2018-2027 ($Million)
Table 32        U.K.: Mobile Edge Computing Market Size, by Application, 2018-2027 ($Million)
Table 33        U.K.: Mobile Edge Computing Market Size, by Organization Size, 2018-2027 ($Million)
Table 34        Germany: Mobile Edge Computing Market Size, by Component, 2018-2027 ($Million)
Table 35        Germany: Mobile Edge Computing Market Size, by Application, 2018-2027 ($Million)
Table 36        Germany: Mobile Edge Computing Market Size, by Organization Size, 2018-2027 ($Million)
Table 37        France: Mobile Edge Computing Market Size, by Component, 2018-2027 ($Million)
Table 38        France: Mobile Edge Computing Market Size, by Application, 2018-2027 ($Million)
Table 39        France: Mobile Edge Computing Market Size, by Organization Size, 2018-2027 ($Million)
Table 40        Italy: Mobile Edge Computing Market Size, by Component, 2018-2027 ($Million)
Table 41        Italy: Mobile Edge Computing Market Size, by Application, 2018-2027 ($Million)
Table 42        Italy: Mobile Edge Computing Market Size, by Organization Size, 2018-2027 ($Million)
Table 43        Spain: Mobile Edge Computing Market Size, by Component, 2018-2027 ($Million)
Table 44        Spain: Mobile Edge Computing Market Size, by Application, 2018-2027 ($Million)
Table 45        Spain: Mobile Edge Computing Market Size, by Organization Size, 2018-2027 ($Million)
Table 46        Rest of Europe: Mobile Edge Computing Market Size, by Component, 2018-2027 ($Million)
Table 47        Rest of Europe: Mobile Edge Computing Market Size, by Application, 2018-2027 ($Million)
Table 48        Rest of Europe: Mobile Edge Computing Market Size, by Organization Size, 2018-2027 ($Million)
Table 49        Asia Pacific: Mobile Edge Computing Market, by Country/Region, 2018-2027 ($Million)
Table 50        Asia Pacific: Mobile Edge Computing Market Size, by Component, 2018-2027 ($Million)
Table 51        Asia Pacific: Mobile Edge Computing Market Size, by Application, 2018-2027 ($Million)
Table 52        Asia Pacific: Mobile Edge Computing Market Size, by Organization Size, 2018-2027 ($Million)
Table 53        Japan: Mobile Edge Computing Market Size, by Component, 2018-2027 ($Million)
Table 54        Japan: Mobile Edge Computing Market Size, by Application, 2018-2027 ($Million)
Table 55        Japan: Mobile Edge Computing Market Size, by Organization Size, 2018-2027 ($Million)
Table 56        China: Mobile Edge Computing Market Size, by Component, 2018-2027 ($Million)
Table 57        China: Mobile Edge Computing Market Size, by Application, 2018-2027 ($Million)
Table 58        China: Mobile Edge Computing Market Size, by Organization Size, 2018-2027 ($Million)
Table 59        India: Mobile Edge Computing Market Size, by Component, 2018-2027 ($Million)
Table 60        India: Mobile Edge Computing Market Size, by Application, 2018-2027 ($Million)
Table 61        India: Mobile Edge Computing Market Size, by Organization Size, 2018-2027 ($Million)
Table 62        Rest of Asia Pacific: Mobile Edge Computing Market Size, by Component, 2018-2027 ($Million)
Table 63        Rest of Asia Pacific: Mobile Edge Computing Market Size, by Application, 2018-2027 ($Million)
Table 64        Rest of Asia Pacific: Mobile Edge Computing Market Size, by Organization Size, 2018-2027 ($Million)
Table 65        Latin America: Mobile Edge Computing Market Size, by Component, 2018-2027 ($Million)
Table 66        Latin America: Mobile Edge Computing Market Size, by Application, 2018-2027 ($Million)
Table 67        Latin America: Mobile Edge Computing Market Size, by Organization Size, 2018-2027 ($Million)
Table 68        Middle East & Africa: Mobile Edge Computing Market Size, by Component, 2018-2027 ($Million)
Table 69        Middle East & Africa: Mobile Edge Computing Market Size, by Application, 2018-2027 ($Million)
Table 70        Middle East & Africa: Mobile Edge Computing Market Size, by Organization Size, 2018-2027 ($Million)
Table 71        Recent Developments by Major Players during 2016-2019 

List of figures:-  

Figure 1      Research Process
Figure 2      Primary Research Techniques
Figure 3      Key Executives Interviewed
Figure 4      Breakdowns of Primary Interviews (Supply Side & Demand Side)
Figure 5      Market Sizing and Growth Forecast Approach
Figure 6      Mobile Edge Computing Market, by Component
Figure 7      Mobile Edge Computing Market, by Application, Growth Rate (CAGR)
Figure 8      Mobile Edge Computing Market, by Industry Vertical, Growth Rate (CAGR)
Figure 9      Geographic Snapshot: Mobile Edge Computing Market
Figure 10    Growth of Mobile Data Traffic Annually (2016-2022)
Figure 11     Impact Assessment of Covid-19 on Mobile Edge Computing Market (Market Growth)
Figure 12    Global Mobile Edge Computing Market Size, by Component, 2020-2027 ($Million)
Figure 13    Global Mobile Edge Computing Market Size, by Application, 2020-2027 ($Million)
Figure 14    Global Mobile Edge Computing Market Size, by Organization Size, 2020-2027 ($Million)
Figure 15    Global Mobile Edge Computing Market Size, by Region, 2019-2027 ($Million)
Figure 16    North America: Snapshot
Figure 17    Europe: Snapshot
Figure 18    Asia Pacific: Snapshot
Figure 19    Growth Strategies Adopted by the Key Players
Figure 20    Mobile Edge Computing Market: Competitive Benchmarking
Figure 21    Huawei: Financial Overview (2017-2019)
Figure 22    Juniper Networks, Inc.: Financial Overview (2017-2019)
Figure 23    IBM Corporation: Financial Overview (2017-2019)
Figure 24    Intel Corporation: Financial Overview (2017-2019)
Figure 25    AT&T, Inc.: Financial Overview (2017-2019)
Figure 26    Nokia Corporation: Financial Overview (2017-2019)
Figure 27    Renesas Electronics Corporation: Financial Overview (2017-2019)
Figure 28    Corning, Inc.: Financial Overview (2017-2019)
Figure 29    Adlink Technology, Inc.: Financial Overview (2016-2018)
Figure 30    Advantech Co., Ltd.: Financial Overview (2017-2019)
Figure 31    Emerson Electric Co.: Financial Overview (2017-2019)

COVID-19

This report provides pre & post COVID-19 market estimates

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The mobile edge computing market is expected to reach $2.8 billion by 2027, at a CAGR of 30.1% during the forecast period of 2020 to 2027. The growth of this market is attributed to the increasing need among enterprises to deliver QOE along with rising demand for low-latency processing and real-time automated decision-making solutions. In addition, the emergence of autonomous vehicles and connected car infrastructure and emerging MEC application areas of AR/VR offers significant opportunities for the growth of the mobile edge computing market. However, the lack of required infrastructure and deployment capabilities obstructs the growth of this market to some extent.

Impact of COVID-19 on the Mobile Edge Computing Market

In the first quarter of 2020, the world was hit by COVID-19. The outbreak was declared as the global pandemic by WHO as it has spread in many countries across the globe and raised the number of cases multi-folds in few weeks. The COVID-19 pandemic has adversely hit many economies in the world. The combat measures like complete lockdown and quarantine to fight COVID-19 have had a substantial adverse impact on many industries across the globe, including the telecommunication industry.

COVID-19 will have a severe impact on the mobile edge computing market. Moreover, the possibility of a general economic recession in response to the pandemic could severely shrink IT budgets in the coming months, making the potential customer base for new 5G technology commensurately smaller. However, due to the outbreak of COVID-19, growth in 5G smartphone sales and network deployment will likely be slowed, which can obstruct the growth of the mobile edge computing market.

Furthermore, due to COVID, many countries are postponing the deployment of 5G, which can directly hamper the growth of the mobile edge computing market. For instance, United Internet’s CEO, Ralph Dommermuth, said that the construction of subsidiary 1&1 Drillisch’s 5G network would experience delays due to current measures adopted in the country to prevent a further spread of the COVID-19 pandemic in Germany.

Mobile Edge Computing Market

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Rapidly Increasing Mobile Data Traffic

With a consistently increasing number of interconnected devices, mobile data is exponentially growing, leading to the upsurge in demand for telecommunication and network services. Mobile network operators (MNOs) are persistently facing pressure to deliver quality services to subscribers, as the need for mobile data, including mobile video services, is rapidly increasing.

Growth of mobile data traffic (2016-2022)

Source: Cisco global traffic projections

MEC helps to reduce congestion on mobile networks and decrease latency by shifting a load of cloud computing to individual local servers, and enhancing the quality of experience (QoE). Operators are taking leverage of several advanced technologies, such as Network Functions Virtualization (NFV), Virtualized RAN (vRAN), and Software Defined Networking (SDN), which enable them to develop innovative context-aware and value-added services. Application and infrastructure providers and MNOs are focusing on developing innovative applications to leverage a radio access network (RAN) capabilities. MEC enables the deployment of various services within the RAN to enhance user experience and provide an ability that allows operators to better handle latency-sensitive services.

Moreover, the close proximity of MEC components at the edge significantly improves the QoE. In order to deliver Quality of Service (QoS) and Quality of Experience (QoE) to subscribers, the MNOs are immensely adopting the advanced mobile edge computing technology, thereby contributing to the growth of the mobile edge computing market.

Key Findings in the Global Mobile Edge Computing Market Study:

In 2020, the hardware segment accounted for the largest share of the mobile edge computing market

Based on component, the hardware segment accounted for the largest share of the mobile edge computing market in 2020. The growing investment for 5G deployments across the telecommunication industry for improving the quality of service is one of the key factors fueling investments in mobile edge computing hardware, including edge gateways and hyper-converged infrastructure.

In 2020, the location-based services segment accounted for the largest share of the market

Based on application, the location-based services segment commanded the largest share of the overall mobile edge computing market in 2020. The growth of this segment is mainly driven by recent developments in positioning technologies and improved data transmission through cloud computing & 5G.

In 2020, the large enterprises segment dominated the mobile edge computing market

Based on organization size, the large enterprises segment accounted for the largest share of the overall mobile edge computing market in 2020. The large share of the segment is owing to the increased generation of data, which is attributed to the widespread geographical presence and customer base.

Asia-Pacific is expected to grow the highest CAGR during the forecast period

North America commanded the largest share of the overall mobile edge computing market in 2020, followed by Europe, Asia-Pacific, Latin America, and the Middle East and Africa. However, Asia-Pacific is expected to witness rapid growth during the forecast period owing to increased investments in telecommunication sectors, government initiatives to encourage digitalization, heavy investments in IoT & cloud technologies, and high penetration of smart devices in emerging economies, such as India and China.

Key Players

The report includes a competitive landscape based on an extensive assessment of key strategic developments adopted by leading market participants in the mobile edge computing market over the last four years. The key players profiled in the global mobile edge computing market are Huawei Technologies co., Ltd. (China), Saguna Networks, Ltd. (Israel), Juniper Networks, Inc. (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Vapor IO (U.S.), ZephyrTel (U.S.), AT&T, Inc. (U.S.), Nokia Corporation (Finland), Renesas Electronics Corporation (Japan), Corning, Inc. (U.S.), Adlink Technology, Inc. (Taiwan), Advantech Co., Ltd. (Taiwan), Emerson Electric co. (U.S.), and GigaSpaces Technologies, Inc. (U.S.), among others.

Scope of the report

Mobile Edge Computing Market by Component                                     

  • Hardware
  • Software
  • Services

Mobile Edge Computing Market by Application                    

  • Location-based Services
  • Video Surveillance
  • Unified Communication
  • Optimized Local Content Distribution
  • Data Analytics
  • Environmental Monitoring

Mobile Edge Computing Market by Organization Size                        

  • Large Enterprises
  • Small and Medium-sized Enterprises (SMEs)

Mobile Edge Computing Market by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • Latin America
  • Middle East and Africa

Key questions answered in the report:

The global mobile edge computing market is projected to reach $2,808.6 million by 2027 at a CAGR of 30.1% during the forecast period.
Based on component, the hardware segment commanded the largest share of the overall mobile edge computing market in 2019 and is expected to grow at the fastest CAGR during the forecasted period. The growing investment for 5G deployments across the telecommunication industry for improving quality of service is one of the key factors fueling investments in mobile edge computing hardware, including edge gateways and hyper-converged infrastructure.
Based on application, the location-based services segment commanded the largest share of the overall mobile edge computing market in 2019. The growth of this segment is mainly driven by recent developments in positioning technologies and improved data transmission through cloud computing and 5G.
The growth of this market is attributed to the increasing need among enterprises to deliver the quality of experience (QoE) along with rising demand for low-latency processing and real-time automated decision-making solutions. In addition, the emergence of autonomous vehicles and connected car infrastructure and emerging MEC application areas of AR/VR offers significant opportunities for the growth of the mobile edge computing market.
The key players operating in the global mobile edge computing market are Huawei technologies co., Ltd. (China), Saguna Networks, Ltd. (Israel), Juniper Networks, Inc. (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Vapor IO (U.S.), ZephyrTel (U.S.), AT&T, Inc. (U.S.), Nokia Corporation (Finland), Renesas Electronics Corporation (Japan), Corning, Inc. (U.S.), Adlink Technology, Inc. (Taiwan), Advantech Co., Ltd. (Taiwan), Emerson Electric co. (U.S.), and GigaSpaces Technologies, Inc. (U.S.), among others.
At present, North America dominated the global mobile edge computing market. However, Asia-Pacific is expected to grow at the highest growth rate over the coming years.
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