The global mobile edge computing market size reached USD 488.4 Million in 2021 and is expected to register a revenue CAGR of 31.2% during the forecast period, according to latest analysis by Emergen Research. Increasing adoption of Internet of Things (IoT) in mobile edge computing is the key factor driving market revenue growth. Mobile edge computing is one of the defining technologies for visualizing IoT, which simply entails computational speed and processing at network’s edge. Many issues associated with proliferation of cloud networks can be addressed by enabling connectivity at network’s edge and boosting network performance while lowering latency. Growing implementation of IoT is gaining significant traction from various industrial verticals to improve flow of business operations. Number of IoT connections grew by 8% in 2021 from the previous year and in 2023, number of IoT-enabled devices globally is estimated to rise to 43 billion. In addition, increasing penetration of smart devices has helped implementation of IoT technologies. It is expected that investments in IoT will increase significantly due to introduction of new sensors, enhanced computing power, and better network connectivity, which is expected to boost revenue growth of the mobile edge computing market.
The latest market study, Mobile Edge Computing Market blends in qualitative and quantitative research techniques to present vital data on the competitive landscape for the period of 2024 –2033 .This research allows the business owners/individuals/ stakeholders to collect decisive information about market segmentation based on product category, usage and sale volume across the various geographical regions. Business stakeholders can prepare effective expansion plan by using the statistics on market share, size and the growth rate discussed in the report. Unmatched information on past, present and upcoming market trends covered in the study offer lucidity on the future projection of the industry.
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How will this Report Benefit you?
An Emergen Research report of 250 pages features 194 tables, 189 charts, and graphics. Our new study is ideal for anyone who wants to learn about the global Mobile Edge Computing market commercially and deeply, as well as to analyze the market segments in depth. With the help of our recent study, you can analyze the entire regional and global market for Mobile Edge Computing. To increase market share, you must obtain financial analysis of the entire market and its segments. Our research suggests there are significant opportunities in this rapidly expanding market for energy storage technology. Look at how you might take advantage of these revenue-generating opportunities. Additionally, the research will help you develop growth strategies, strengthen competitor analysis, and improve business productivity by enabling you to make better strategic decisions.
Effect of COVID-19 on the global market for Mobile Edge Computing
The COVID-19 pandemic had a significant negative influence on the market for Mobile Edge Computing in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Mobile Edge Computing were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Mobile Edge Computing in 2020. Additionally, demand for Mobile Edge Computing decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.
Mobile Edge Computing market : Competitive Landscape
The prominent players operating in the Mobile Edge Computing market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Mobile Edge Computing market .
Adlink Technology Inc., Artesyn Embedded Technologies Inc., Juniper Networks Inc., IBM Corporation, Intel Corporation, Brocade Communications Systems, Inc., Huawei Technologies Co., Ltd., Vasona Networks, Inc., Vapor IO, Inc. and Saguna Networks Ltd
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the Global Mobile Edge Computing Market Research Report provides forecasts and future market projections, equipping businesses with the necessary tools to plan ahead. The report’s forward-looking approach, backed by data-driven predictions, ensures that companies can navigate the evolving market landscape with confidence. Through a combination of current market analysis and future outlook, the report serves as an invaluable resource for businesses aiming for long-term success.
Based on types, the market is segmented into
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Component Outlook (Revenue, USD Million; 2019-2030)
- Hardware
- Software
- Services
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Organization Size Outlook (Revenue, USD Million; 2019-2030)
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
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Application Outlook (Revenue, USD Million; 2019-2030)
- Location-based Services
- Unified Communication
- Data Analytics
- Environmental Monitoring
- Optimized Local Content Distribution
- Video Surveillance
Regional Outlook :
The growth of the Mobile Edge Computing Market on a global scale is influenced by region-specific dynamics. North America and Europe lead with technological innovation and solid regulatory environments, though supply chain challenges and compliance issues are present. In the Asia-Pacific region, especially in China and India, rapid urbanization and heightened consumer demand are fueling expansion. Meanwhile, emerging markets in Latin America, the Middle East, and Africa present growth potential, driven by economic reform and investment, yet face significant obstacles in the form of political instability and underdeveloped infrastructure.
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