PUBLISHER: IMARC | PRODUCT CODE: 1451630
PUBLISHER: IMARC | PRODUCT CODE: 1451630
Mobile Edge Computing Market Report by Component, Organization Size, Application, and Region 2024-2032
The global mobile edge computing (MEC) market size reached US$ 811.7 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 5,528.9 Million by 2032, exhibiting a growth rate (CAGR) of 23.05% during 2024-2032.
Mobile edge computing (MEC) is an emerging technology that aims to move infrastructure-based cloud resources, such as computation, storage, and bandwidth, to the edge of the cellular network. It establishes the network edge by utilizing various access points, such as routers, switches, hotspots, WiFi, servers, and controllers. MEC is widely used in location-based services, video surveillance, unified communication, data analytics, and environmental monitoring. It distributes computing resources across the network, provides more scalable performance, reduces network load, and hastens data transmission. It also reduces network congestion and latency and improves device performance. As a result, MEC finds extensive applications across the retail, telecommunications, energy, and healthcare industries.
Mobile Edge Computing (MEC) Market Trends:
Significant growth in the telecommunications industry across the globe is creating a positive outlook for the market. MEC enables telecommunication businesses to lessen their reliance on the cloud and assist in processing large volumes of data generated by devices. In line with this, the widespread technology adoption in various industrial verticals to improve quality of experience (QoE), provide low latency computing, and enhance operational efficiency is favoring the market growth. Furthermore, the growing need to manage enormous data traffic due to the rapid proliferation of smartphones and interconnected devices is acting as another growth-inducing factor. Additionally, the rising MEC utilization in emerging technologies, such as artificial intelligence (AI), the Internet of Things (IoT), and federated learning (FL) to reduce power consumption, improve response time, and enhance performance by offering higher bandwidth is providing an impetus to market growth. The increasing demand for the solution can also be attributed to the rising need to facilitate the expansion of fifth-generation (5G) technology by enabling automation and scalability, providing privacy and security, and ensuring significant cost savings. Other factors, including extensive research and development (R&D) activities towards developing new hardware, and emerging product applications in augmented and virtual reality (AR/VR), are anticipated to drive the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global mobile edge computing (MEC) market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, organization size and application.
Breakup by Component:
Hardware
Software
Breakup by Organization Size:
Small and Medium Enterprises
Large Enterprises
Breakup by Application:
Location-based Services
Video Surveillance
Unified Communication
Optimized Local Content Distribution
Data Analytics
Environmental Monitoring
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ADLINK Technology Inc., Advantech Co. Ltd., Artesyn Embedded Technologies (Advanced Energy Industries Inc.), AT&T Inc., Cisco Systems Inc., Huawei Technologies Co. Ltd., Intel Corporation, International Business Machines Corporation, Nokia Corporation, Saguna Networks Ltd. (COMSovereign Holding Corp), Telefonaktiebolaget LM Ericsson, Vapor IO Inc. and Vodafone Group Plc.
Key Questions Answered in This Report
- 1. What was the size of the global Mobile Edge Computing (MEC) market in 2023?
- 2. What is the expected growth rate of the global Mobile Edge Computing (MEC) market during 2024-2032?
- 3. What are the key factors driving the global Mobile Edge Computing (MEC) market?
- 4. What has been the impact of COVID-19 on the global Mobile Edge Computing (MEC) market?
- 5. What is the breakup of the global Mobile Edge Computing (MEC) market based on the component?
- 6. What is the breakup of the global Mobile Edge Computing (MEC) market based on organization size?
- 7. What is the breakup of the global Mobile Edge Computing (MEC) market based on the application?
- 8. What are the key regions in the global Mobile Edge Computing (MEC) market?
- 9. Who are the key players/companies in the global Mobile Edge Computing (MEC) market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Mobile Edge Computing (MEC) Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Hardware
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Software
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Organization Size
- 7.1 Small and Medium Enterprises
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Large Enterprises
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Application
- 8.1 Location-based Services
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Video Surveillance
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Unified Communication
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Optimized Local Content Distribution
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Data Analytics
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Environmental Monitoring
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 ADLINK Technology Inc.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Advantech Co. Ltd.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Artesyn Embedded Technologies (Advanced Energy Industries Inc.)
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 AT&T Inc.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Cisco Systems Inc.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Huawei Technologies Co. Ltd.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Intel Corporation
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 International Business Machines Corporation
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Nokia Corporation
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Saguna Networks Ltd. (COMSovereign Holding Corp)
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 Telefonaktiebolaget LM Ericsson
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 Vapor IO Inc.
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.13 Vodafone Group Plc
- 14.3.13.1 Company Overview
- 14.3.13.2 Product Portfolio
- 14.3.1 ADLINK Technology Inc.
List of Figures
- Figure 1: Global: Mobile Edge Computing Market: Major Drivers and Challenges
- Figure 2: Global: Mobile Edge Computing Market: Sales Value (in Million US$), 2018-2023
- Figure 3: Global: Mobile Edge Computing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 4: Global: Mobile Edge Computing Market: Breakup by Component (in %), 2023
- Figure 5: Global: Mobile Edge Computing Market: Breakup by Organization Size (in %), 2023
- Figure 6: Global: Mobile Edge Computing Market: Breakup by Application (in %), 2023
- Figure 7: Global: Mobile Edge Computing Market: Breakup by Region (in %), 2023
- Figure 8: Global: Mobile Edge Computing (Hardware) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Mobile Edge Computing (Hardware) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Mobile Edge Computing (Software) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Mobile Edge Computing (Software) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Mobile Edge Computing (Small and Medium Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Mobile Edge Computing (Small and Medium Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Mobile Edge Computing (Large Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Mobile Edge Computing (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Mobile Edge Computing (Location-based Services) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Mobile Edge Computing (Location-based Services) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Mobile Edge Computing (Video Surveillance) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Mobile Edge Computing (Video Surveillance) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Mobile Edge Computing (Unified Communication) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Mobile Edge Computing (Unified Communication) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Mobile Edge Computing (Optimized Local Content Distribution) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Mobile Edge Computing (Optimized Local Content Distribution) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Mobile Edge Computing (Data Analytics) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Mobile Edge Computing (Data Analytics) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Mobile Edge Computing (Environmental Monitoring) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Mobile Edge Computing (Environmental Monitoring) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: North America: Mobile Edge Computing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: North America: Mobile Edge Computing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: United States: Mobile Edge Computing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: United States: Mobile Edge Computing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Canada: Mobile Edge Computing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Canada: Mobile Edge Computing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Asia-Pacific: Mobile Edge Computing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Asia-Pacific: Mobile Edge Computing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: China: Mobile Edge Computing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: China: Mobile Edge Computing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: Japan: Mobile Edge Computing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: Japan: Mobile Edge Computing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: India: Mobile Edge Computing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: India: Mobile Edge Computing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: South Korea: Mobile Edge Computing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: South Korea: Mobile Edge Computing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Australia: Mobile Edge Computing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Australia: Mobile Edge Computing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Indonesia: Mobile Edge Computing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Indonesia: Mobile Edge Computing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Others: Mobile Edge Computing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Others: Mobile Edge Computing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Europe: Mobile Edge Computing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Europe: Mobile Edge Computing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: Germany: Mobile Edge Computing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: Germany: Mobile Edge Computing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: France: Mobile Edge Computing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: France: Mobile Edge Computing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: United Kingdom: Mobile Edge Computing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: United Kingdom: Mobile Edge Computing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Italy: Mobile Edge Computing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Italy: Mobile Edge Computing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Spain: Mobile Edge Computing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Spain: Mobile Edge Computing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Russia: Mobile Edge Computing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Russia: Mobile Edge Computing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Others: Mobile Edge Computing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Others: Mobile Edge Computing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Latin America: Mobile Edge Computing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Latin America: Mobile Edge Computing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Brazil: Mobile Edge Computing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Brazil: Mobile Edge Computing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Mexico: Mobile Edge Computing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Mexico: Mobile Edge Computing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Others: Mobile Edge Computing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Others: Mobile Edge Computing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Middle East and Africa: Mobile Edge Computing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 75: Middle East and Africa: Mobile Edge Computing Market: Breakup by Country (in %), 2023
- Figure 76: Middle East and Africa: Mobile Edge Computing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 77: Global: Mobile Edge Computing Industry: SWOT Analysis
- Figure 78: Global: Mobile Edge Computing Industry: Value Chain Analysis
- Figure 79: Global: Mobile Edge Computing Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Mobile Edge Computing Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Mobile Edge Computing Market Forecast: Breakup by Component (in Million US$), 2024-2032
- Table 3: Global: Mobile Edge Computing Market Forecast: Breakup by Organization Size (in Million US$), 2024-2032
- Table 4: Global: Mobile Edge Computing Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 5: Global: Mobile Edge Computing Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Mobile Edge Computing Market: Competitive Structure
- Table 7: Global: Mobile Edge Computing Market: Key Players
