Mobile edge computing is a concept of network architecture which enables IT services environment and cloud computing capabilities in the edge of a cellular network. Due to the use of mobile edge computing application, network congestion is reduced which improves the performance related to the task of the cellular customers.  Mobile edge computing market technology is implemented on cellular base stations to enable rapid deployment of new applications and better services for cellular customers. Mobile edge computing includes low latency, high bandwidth, proximity and real-time insight.

Global Mobile Edge Computing Market is anticipated to witness a CAGR of 35.90% over the forecast period. The base year considered for the market study is 2017 and the estimated period is between 2018 and 2026. The market has been fortified by several factors such as:

• Rapid rise in the data traffic
• Solving the problem of long latency resulting from long communication distances
• Rise in the use of smartphones
• Large demand for video streaming
• Emergence of 4G and 5G technology

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However, the global market for mobile edge computing is primarily driven by the rising demand for low latency computing, as latency is the fundamental measure of network performance. Low latency computing demand is rising with the rise in emerging services such as cloud computing, 5G technology, virtual reality headsets, fitness trackers and interactive gaming industries. Mobile edge computing offers ultra-low latency and thus is being recognized as a key technology. It also represents architectural concept to enable the evolution of 5G eras and enables seamless video streaming.

In 2017, the 4G technology led the segment by technology of the MEC market, by capturing the largest market share of approximately XX% and an estimated revenue of approximately $ XX million. The 4G technology market is primarily driven by high penetration or adoption of 4G services in countries such as the United States, China, India and others. For instance, according to 5G Americas, in the year 2015, ~XX% of the United States population had access to 4G/LTE services. Similarly, according to Indian brand equity foundation, by 2018, India would have a customer base of approximately xx million 4G subscribers. Such huge customer base would lead to data congestion and hence would call for the deployment of mobile edge computing solution to offer better services to customers. 5G Technology segment is expected to be the fastest growing technology segment. Increasing penetration of Internet of Things also contributes to the growth of the global 5G market. According to the Institute of Electrical and Electronics Engineers (IEEE), in 2016, XX billion devices were connected through the Internet of Things, and it is estimated that by the end of 2020, XX billion devices will use the Internet of Things. The other factor which contributes to the growth of the 5G market is the government investments for the adoption of 5G services across the world. According to Forbes, the government of China is supporting research and development activities for 5G technologies across the country. Also, in 2016, the government of United States announced the launch of an $XX million investment plan for 5G research.

With the increased adoption of Mobile Edge Computing, newer challenges have been introduced into the market. There has been a huge concern for privacy and data protection for mobile and cloud computing. Increasing number of virus attacks, ransomware and malware attacks and other data breaches have hindered the users from using mobile-based cloud computing and IT services. Therefore, mobile computing security has become very crucial in mobile edge computing. Furthermore, rapid changes in regulations, complexities in data authenticity verification & need for high bandwidth frequency are some of the major issues that are profoundly pulling back the Global MEC market.

The report on Global Mobile Edge Computing market includes segmentation on the basis of Technology, Components and Verticals.

Market by Technology:

• 4G
• 5G
• WI-Max

Market by Components:

• Hardware
• Software
• Services

Market by Verticals:

• BFSI
• Healthcare
• IT & Telecom
• Media & Entertainment
• Retail
• Other Verticals

The global Mobile Edge Computing market report also gives a detailed geographic split of the four major markets, which includes:

• Mobile Edge Computing North America Market: United States, & Canada,
• Mobile Edge Computing Europe Market: Germany, United Kingdom, France, Germany, Spain, & Rest of Europe
• Mobile Edge Computing Asia-Pacific Market: China, India, Japan, Australia and Rest of Asia Pacific,
• Rest of World: Latin America, Middle East & Africa.

Geographically, North America held the largest revenue share of around XX% in the global mobile edge computing market in 2017. The major drivers of North America mobile edge computing market includes the enhanced data traffic, heavy investments made by the government, and high use of IoT devices such as smartphones and tablets. The United States mobile edge computing market is developing and expanding at a rapid pace. The rising data traffic occurring due to mobile browsing acts as a major driver for the growth of mobile edge computing market. The rising adoption of smart devices which includes smartphones and tablets along with the heavy investments in rising 5G technology have also made an impact on the growth of mobile edge computing market in the North American region.

On the other hand, the Asia Pacific is anticipated to be the fastest growing regional market. China is the leading country in the MEC market of the Asia-pacific. The market progression in this region is accelerated due to continued growth in the data traffic and the exploding sales of handheld devices such as smartphones, tablets, etc. Moreover, the region is also witnessing a growing number of internet users, who are mostly using the internet services on their personal handheld device. As per ITU, Asia has the highest number of internet users in the world, who represent around half of the total internet users across the globe. This factor is expanding the demand for data bandwidth, thereby driving the need for the extensive installation of MEC servers to successfully meet the expanding data services requirements with a high quality of service and reliability.

Global Mobile Edge Computing Market has been segmented on the basis of Technology, Components and Verticals. The Technology segment is divided into three major categories such as 4G (fourth generation), 5G (fifth generation) and WiMAX (Worldwide Interoperability for Microwave Access). The Market by component segment is divided into three major categories such as hardware, software and services. The hardware segment includes servers, routers, switches, and processors. Moreover, the software segment includes video analytics, location services, Internet of Things, data catching, connected vehicles and others. The service segment is divided into consulting, system integration and maintenance. The industrial verticals segment is divided into BFSI, Healthcare, Retail, Telecom and IT, Media and entertainment and others.

The key companies operating in the global mobile edge computing market are;

• Huawei Technologies
• Intel Corporation
• IBM Corporation
• Nokia Corporation
• ZTE Corporation
• Others

Market share analysis, key company analysis, key corporate strategies along with Company profiles of the major players operating in the market has been discussed in detail. Most of the companies look for strategies such as merger & acquisition, partnership, contracts, agreements, or new product launch, to gain a competitive edge over each other. For instance, in May 2018, GridRaster, a California-based VR/AR startup and Saguna entered into a partnership to enable high-quality, immersive VR/AR experiences on mobile devices by leveraging edge cloud computing technologies. In August 2017, Quortus announced PocketEPC, the first in a range of App-based edge computing solutions that will dramatically change the way in which cellular technology is configured and deployed, paving the way for 5G networks in the future. In July 2017, Corning Incorporated acquired Spider Cloud Wireless, a provider of in-business wireless solutions.

Key findings of the Global Mobile Edge Computing Market:

• North America accounts for the largest market share of the overall Mobile Edge Computing market.
• The rising demand for mobile edge computing in the big data analytics is contributing significantly to the market growth
• Hardware in components segment dominates the Mobile Edge Computing market, by holding a major chunk of the market.
• Rising adoption of video streaming has led to the vast opportunities for mobile edge computing market.