USD 1.60 billion Variance in Mobile Edge Computing Market Growth due to the increase in the data traffic - 17,000+ Technavio Reports
NEW YORK, Aug. 18, 2022 /PRNewswire/ -- The "Mobile Edge Computing Market by Component and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the mobile edge computing market between 2021 and 2026 is USD 1.60 billion, as per the latest market analysis report by Technavio. The report predicts the market to witness an accelerating growth momentum at a CAGR of 30.21% during the projected period. The analysts at Technavio have categorized the global mobile edge computing market as a part of the global data processing and outsourced services market. 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 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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Key Market Dynamics:
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Key Segment Analysis
The mobile edge computing market report is segmented by Component (Hardware and Software) and Geography (North America, Europe, APAC, South America, and Middle East and Africa).
Regional Opportunities: North America will be the leading region with 45% of the market's growth 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.
Revenue-generating Segment Analysis: 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.
View our sample report for additional insights into the contribution of all the segments and regional opportunities
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 the 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. Companies are offering innovative solutions to strengthen their hold in the market. For instance, ADLINK Technology Inc. offers mobile edge computing services such as 5G which is 10 times faster than its predecessor and drives latency down to 1ms. Similarly, Advantech Co. Ltd. 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.
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Key Topics Covered:
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