Multi Access Edge Computing - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Multi Access Edge Computing Market is accounted for $2,811.18 million in 2017 and is expected to reach $32,221.78 million by 2026 growing at a CAGR of 31.1% during the forecast period. IT and telecom network convergence, base station evolution and continually improving server capacity are the factors driving the growth of this market. However, security and privacy concerns are hindering the growth of Multi Access Edge Computing market.
MEC refers to Mobile Edge Computing or Multi Access Edge Computing with the former being more cellular network-centric (LTE and 5G) and the latter terminology adopted by standards groups to generalize edge computing to reflect that it may be also be used by WiFi and other wireless access technologies. The distinction between Multi Access Edge Computing vs. Mobile Edge Computing for MEC largely ends with radio access and network type as almost every other aspect is the same including localizing computing, network element virtualization, software and service-centric operations. In cellular networks, edge computing via MEC is beneficial for LTE, but virtually essential for 5G. This is because Mobile Edge Computing facilitates optimization of fifth generation network resources including focusing communications and computational capacity where it is needed the most.
Based on Products, the software is estimated to have a lucrative growth during the forecast period due to increase in the requirement of the software and advancements for all the major software companies and industries. By Geography, North America has a growing prominence due to increasing penetration of IoT devices in the US and Canada, with the highest CAGR due to its storage capabilities and real-time computing offered by edge computing solutions.
Some of the key players profiled in the Multi Access Edge Computing market include ADLINK Technology Inc., Advanced Micro Devices, Advantech, Affirmed Networks, Akamai Technologies, Allot Communications, Brocade Communications Systems, Cavium Networks, Ceragon Networks, Cisco Systems, Cloudify, Cradlepoint, EdgeConneX, Edgeworx, Ericsson, Fujitsu Technology Solutions, Hewlett Packard Enterprise, Huawei Technologies Co. Ltd. and IBM Corporation.
• Other Applications
• Augmented Reality
• Data Caching
• Location Based Services
• Optimized Local Content Distribution
• Real-time Video Analytics
• Virtual Reality
• Aerospace & Defense
• Banking, Financial Services & Insurance
• Building, Construction & Real Estate
• Consumer Goods & Retail
• Energy & Utilities
• Government & Public Sector
• Information Technology
• Media & Entertainment
• Travel & Hospitality
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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