Mobile Edge Computing Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

"Persistence Market Research has conducted a thorough analysis of the Mobile Edge Computing Market, providing a comprehensive report detailing its global landscape. This in-depth publication offers valuable insights into the market's dynamics, trends, opportunities, and challenges, providing a comprehensive overview of its structure. Backed by exclusive data and statistics, the research predicts the anticipated growth trajectory of the Mobile Edge Computing Market spanning from 2024 to 2031.

The mobile edge computing market is poised to solidify its position in the global arena with a promising compound annual growth rate (CAGR) of 49.7% from 2024 to 2031.

Starting at a valuation of US$ US$ 2.24 Bn in 2024, the market is expected to soar to US$ 58.4 Bn by 2031.

Key Insights:

Mobile Edge Computing Market CAGR (2024-2031): 49.7%
Mobile Edge Computing Market Value (2024): US$ 2.24 Bn
Mobile Edge Computing Market Value (2031): US$ 58.4 Bn

Mobile Edge Computing Market - Report Scope

The global mobile edge computing market encompasses a diverse range of technologies and services, providing enhanced computing capabilities at the edge of the network for mobile devices. Key components include edge servers, software platforms, and edge computing applications. Drivers of market growth include increasing demand for low-latency applications, the proliferation of IoT devices, and advancements in 5G technology. Emerging trends focus on edge AI and real-time analytics. overall, the market is propelled by the need for efficient data processing and improved user experiences in mobile environments.

Market Growth Drivers

The growth of the mobile edge computing industry is fueled by various factors, including the rising demand for low-latency services and the exponential growth of connected devices. As applications require faster response times, edge computing provides a solution by processing data closer to the source, reducing latency and improving overall performance. Additionally, the deployment of 5G networks enables high-speed connectivity and greater bandwidth, driving adoption of edge computing for real-time applications such as augmented reality (AR) and autonomous vehicles. The increasing adoption of IoT devices further amplifies the need for edge computing to handle data processing and analytics at the network edge.

Market Restraints

Challenges facing the mobile edge computing market include infrastructure limitations, interoperability issues, and security concerns. Building and maintaining edge computing infrastructure can be costly and complex, particularly in remote or underserved areas with limited connectivity. Interoperability between different edge computing platforms and legacy systems may also present obstacles to seamless integration and deployment. Moreover, security vulnerabilities at the network edge raise concerns about data privacy and cyber threats, necessitating robust security measures and compliance with regulatory standards.

opportunities

opportunities for market growth in the mobile edge computing segment include vertical expansion, partnerships, and the development of edge-native applications. Vertical expansion into industries such as healthcare, manufacturing, and smart cities offers opportunities to tailor edge computing solutions to specific use cases and business requirements. Partnerships between telecom operators, cloud providers, and edge computing vendors enable ecosystem collaboration and innovation, driving the development of integrated solutions and services. Furthermore, the emergence of edge-native applications, leveraging edge AI and real-time analytics, presents opportunities for developers to create differentiated offerings and capture new market segments.

Key Questions Answered in Report::

What are the primary drivers contributing to the growth of the Mobile Edge Computing market?
How do emerging trends, such as edge AI and real-time analytics, influence the evolution of the Mobile Edge Computing industry?
What are the main challenges hindering the expansion of the Mobile Edge Computing market, and what strategies can be implemented to address them?
What opportunities exist for market players to capitalize on within the Mobile Edge Computing segment, including vertical expansion and partnerships?
How do infrastructure limitations and security concerns impact the adoption and deployment of Mobile Edge Computing solutions?

Competitive Intelligence and Business Strategy

In the mobile edge computing industry, key players include telecom operators, cloud providers, and edge computing vendors, each vying for market share and differentiation. Telecom operators leverage their infrastructure and network assets to offer edge computing services, targeting enterprises and application developers with low-latency solutions. Cloud providers expand their service portfolios to include edge computing capabilities, providing seamless integration with existing cloud services and developer tools. Edge computing vendors focus on innovation and agility, developing specialized hardware and software solutions for edge deployment scenarios. Collaborations and alliances between industry players enable ecosystem growth and enablement, driving market competitiveness and customer value.

Companies Covered in This Report -

ADLINK Technology, Inc.
Huawei Technologies Co ., Ltd.
IBM Corporation
Renesas Electronics Corporation
Intel Corporation
Juniper Networks, Inc.
Nokia Corporation
Saguna Networks Ltd.
ZTE Corporation

Key Segments:

Components

Hardware
Software
Services

Application

Smart Cities
Industrial Internet of Things (IIo T)
Remote Monitoring
Content Delivery
Augmented Reality (AR) and Virtual Reality (VR)
others (autonomous vehicles, drones, and gaming)

organization Size

Large Enterprises
SMEs

Verticals

Manufacturing
Energy and Utilities
Government and Defense
Telecommunications
Media and Entertainment
Retail and Consumer Goods
Transportation and Logistics
Healthcare and Life Sciences
others (BFSI and Education)

Region

North America

Canada

Europe

Germany

France

Rest of Europe

APAC

China

Japan

Australia

Rest of APAC

Middle East

UAE

Saudi Arabia

South Africa

Rest of MEA

Latin America

Brazil

Mexico

Rest of Latin America"

Product Code: PMRREP33067

1. Preface

2. Assumptions and Research Methodology

3. Executive Summary : Mobile Edge Computing Market

4. Market Overview

4.1. Introduction
- 4.1.1. Product Definition
- 4.1.2. Industry Evolution / Developments
4.2. Market Dynamics
- 4.2.1. Drivers
- 4.2.2. Restraints
- 4.2.3. Opportunity
4.3. Key Trends
4.4. Porter's Five Forces Analysis - Mobile Edge Computing Market
4.5. Value Chain Analysis
4.6. Market Overview
4.7. Market Outlook

5. Global Mobile Edge Computing Market Analysis and Forecast, By Component Type

5.1. Introduction
5.2. Key findings
5.3. Market Size Forecast, By Component Type, 2016-2032(US$ Mn)
- 5.3.1. Hardware
- 5.3.2. Software
  - 5.3.2.1. Video Analytics
  - 5.3.2.2. Location Services
  - 5.3.2.3. Internet of Things (IoT)
  - 5.3.2.4. Data Caching
  - 5.3.2.5. Connected Vehicles
  - 5.3.2.6. Others
- 5.3.3. Service
  - 5.3.3.1. Consulting
  - 5.3.3.2. System Integration
  - 5.3.3.3. Maintenance
5.4. Component Type Comparison Matrix
5.5. Market Attractiveness By Component Type

6. Global Mobile Edge Computing Market Analysis and Forecast, By Industry Vertical

6.1. Introduction
6.2. Key findings
6.3. Market Size Forecast, By Industry vertical, 2016-2032 (US$ Mn)
- 6.3.1. Media & Entertainment
- 6.3.2. Retail
- 6.3.3. It & Telecom
- 6.3.4. Healthcare
- 6.3.5. BFSI
- 6.3.6. Others (Manufacturing & Education)
6.4. Industry vertical Comparison Matrix
6.5. Market Attractiveness By Industry vertical

7. Global Mobile Edge Computing Market Analysis and Forecast, By Technology

7.1. Introduction
7.2. Key findings
7.3. Market Size Forecast, By Technology, 2016-2032(US$ Mn)
- 7.3.1. 4G
- 7.3.2. 5G
- 7.3.3. Wi-Max
7.4. Technology Comparison Matrix
7.5. Market Attractiveness By Technology

8. Global Mobile Edge Computing Market Analysis and Forecast, By Region

8.1. Introduction
8.2. Key findings
8.3. Market Size Forecast, By Region, 2016-2032(US$ Mn)
- 8.3.1. North America
- 8.3.2. Europe
- 8.3.3. Asia Pacific
- 8.3.4. Middle East & Africa (MEA)
- 8.3.5. South America
8.4. Market Attractiveness By Region

9. North America Mobile Edge Computing Market Analysis and Forecast

9.1. Key Findings
9.2. Market Size Forecast, By Component Type, 2024-2031(US$ Mn)
- 9.2.1. Hardware
- 9.2.2. Software
  - 9.2.2.1. Video Analytics
  - 9.2.2.2. Location Services
  - 9.2.2.3. Internet of Things (IoT)
  - 9.2.2.4. Data Caching
  - 9.2.2.5. Connected Vehicles
  - 9.2.2.6. Others
- 9.2.3. Service
  - 9.2.3.1. Consulting
  - 9.2.3.2. System Integration
  - 9.2.3.3. Maintenance
9.3. Market Size Forecast, By Industry vertical, 2024-2031(US$ Mn)
- 9.3.1. Media & Entertainment
- 9.3.2. Retail
- 9.3.3. It & Telecom
- 9.3.4. Healthcare
- 9.3.5. BFSI
- 9.3.6. Others (Manufacturing & Education)
9.4. Market Size Forecast, By Technology, 2024-2031(US$ Mn)
- 9.4.1. 4G
- 9.4.2. 5G
- 9.4.3. Wi-Max
9.5. Market Size Forecast, By Country, 2024-2031(US$ Mn)
- 9.5.1. The US
- 9.5.2. Canada
- 9.5.3. Rest of North America
9.6. Market Attractiveness Analysis
- 9.6.1. By Component
- 9.6.2. By Industry Vertical
- 9.6.3. By Technology
- 9.6.4. By Country

10. Europe Mobile Edge Computing Market Analysis and Forecast

10.1. Key Findings
10.2. Market Size Forecast, By Component Type, 2024-2031(US$ Mn)
- 10.2.1. Hardware
- 10.2.2. Software
  - 10.2.2.1. Video Analytics
  - 10.2.2.2. Location Services
  - 10.2.2.3. Internet of Things (IoT)
  - 10.2.2.4. Data Caching
  - 10.2.2.5. Connected Vehicles
  - 10.2.2.6. Others
- 10.2.3. Service
  - 10.2.3.1. Consulting
  - 10.2.3.2. System Integration
  - 10.2.3.3. Maintenance
10.3. Market Size Forecast, By Industry vertical, 2024-2031(US$ Mn)
- 10.3.1. Media & Entertainment
- 10.3.2. Retail
- 10.3.3. It & Telecom
- 10.3.4. Healthcare
- 10.3.5. BFSI
- 10.3.6. Others (Manufacturing & Education)
10.4. Market Size Forecast, By Technology, 2024-2031(US$ Mn)
- 10.4.1. 4G
- 10.4.2. 5G
- 10.4.3. Wi-Max
10.5. Market Size Forecast, By Country, 2024-2031(US$ Mn)
- 10.5.1. The UK
- 10.5.2. Germany
- 10.5.3. France
- 10.5.4. Rest of Europe
10.6. Market Attractiveness Analysis
- 10.6.1. By Component
- 10.6.2. By Industry Vertical
- 10.6.3. By Technology
- 10.6.4. By Country

11. Asia Pacific Mobile Edge Computing Market Analysis and Forecast

11.1. Key Findings
11.2. Market Size Forecast, By Component Type, 2024-2031(US$ Mn)
- 11.2.1. Hardware
- 11.2.2. Software
  - 11.2.2.1. Video Analytics
  - 11.2.2.2. Location Services
  - 11.2.2.3. Internet of Things (IoT)
  - 11.2.2.4. Data Caching
  - 11.2.2.5. Connected Vehicles
  - 11.2.2.6. Others
- 11.2.3. Service
  - 11.2.3.1. Consulting
  - 11.2.3.2. System Integration
  - 11.2.3.3. Maintenance
11.3. Market Size Forecast, By Industry vertical, 2024-2031(US$ Mn)
- 11.3.1. Media & Entertainment
- 11.3.2. Retail
- 11.3.3. It & Telecom
- 11.3.4. Healthcare
- 11.3.5. BFSI
- 11.3.6. Others (Manufacturing & Education)
11.4. Market Size Forecast, By Technology, 2024-2031(US$ Mn)
- 11.4.1. 4G
- 11.4.2. 5G
- 11.4.3. Wi-Max
11.5. Market Size Forecast, By Country, 2024-2031(US$ Mn)
- 11.5.1. China
- 11.5.2. Japan
- 11.5.3. South Korea
- 11.5.4. Rest of Asia Pacific
11.6. Market Attractiveness Analysis
- 11.6.1. By Component
- 11.6.2. By Industry Vertical
- 11.6.3. By Technology
- 11.6.4. By Country

12. MEA Mobile Edge Computing Market Analysis and Forecast

12.1. Key Findings
12.2. Market Size Forecast, By Component Type, 2024-2031(US$ Mn)
- 12.2.1. Hardware
- 12.2.2. Software
  - 12.2.2.1. Video Analytics
  - 12.2.2.2. Location Services
  - 12.2.2.3. Internet of Things (IoT)
  - 12.2.2.4. Data Caching
  - 12.2.2.5. Connected Vehicles
  - 12.2.2.6. Others
- 12.2.3. Service
  - 12.2.3.1. Consulting
  - 12.2.3.2. System Integration
  - 12.2.3.3. Maintenance
12.3. Market Size Forecast, By Industry vertical, 2024-2031(US$ Mn)
- 12.3.1. Media & Entertainment
- 12.3.2. Retail
- 12.3.3. It & Telecom
- 12.3.4. Healthcare
- 12.3.5. BFSI
- 12.3.6. Others (Manufacturing & Education)
12.4. Market Size Forecast, By Technology, 2024-2031(US$ Mn)
- 12.4.1. 4G
- 12.4.2. 5G
- 12.4.3. Wi-Max
12.5. Market Size Forecast, By Country, 2024-2031(US$ Mn)
- 12.5.1. GCC
- 12.5.2. South Africa
- 12.5.3. Rest of Middle East & Africa
12.6. Market Attractiveness Analysis
- 12.6.1. By Component
- 12.6.2. By Industry Vertical
- 12.6.3. By Technology
- 12.6.4. By Country

13. South America Mobile Edge Computing Market Analysis and Forecast

13.1. Key Findings
13.2. Market Size Forecast, By Component Type, 2024-2031(US$ Mn)
- 13.2.1. Hardware
- 13.2.2. Software
  - 13.2.2.1. Video Analytics
  - 13.2.2.2. Location Services
  - 13.2.2.3. Internet of Things (IoT)
  - 13.2.2.4. Data Caching
  - 13.2.2.5. Connected Vehicles
  - 13.2.2.6. Others
- 13.2.3. Service
  - 13.2.3.1. Consulting
  - 13.2.3.2. System Integration
  - 13.2.3.3. Maintenance
13.3. Market Size Forecast, By Industry vertical, 2024-2031(US$ Mn)
- 13.3.1. Media & Entertainment
- 13.3.2. Retail
- 13.3.3. It & Telecom
- 13.3.4. Healthcare
- 13.3.5. BFSI
- 13.3.6. Others (Manufacturing & Education)
13.4. Market Size Forecast, By Technology, 2024-2031(US$ Mn)
- 13.4.1. 4G
- 13.4.2. 5G
- 13.4.3. Wi-Max
13.5. Market Size Forecast, By Country, 2024-2031(US$ Mn)
- 13.5.1. Brazil
- 13.5.2. Rest of South America
13.6. Market Attractiveness Analysis
- 13.6.1. By Component
- 13.6.2. By Industry Vertical
- 13.6.3. By Technology
- 13.6.4. By Country

14. Competition Landscape

14.1. Market Player - Competition Matrix (By Tier and Size of companies)
14.2. Global Market Positioning Analysis, by Company (2023)
14.3. Company Profiles (Details - Overview, Financials, Recent Developments, Strategy)
- 14.3.1. ADLINK Technology, Inc.
  - 14.3.1.1. Company Overview
  - 14.3.1.2. Company Description
  - 14.3.1.3. Financial Overview
  - 14.3.1.4. SWOT Analysis
  - 14.3.1.5. Strategy Overview
- 14.3.2. Huawei Technologies Co., Ltd.
  - 14.3.2.1. Company Overview
  - 14.3.2.2. Company Description
  - 14.3.2.3. Financial Overview
  - 14.3.2.4. SWOT Analysis
  - 14.3.2.5. Strategy Overview
- 14.3.3. IBM Corporation
  - 14.3.3.1. Company Overview
  - 14.3.3.2. Company Description
  - 14.3.3.3. Financial Overview
  - 14.3.3.4. SWOT Analysis
  - 14.3.3.5. Strategy Overview
- 14.3.4. Renesas Electronics Corporation
  - 14.3.4.1. Company Overview
  - 14.3.4.2. Company Description
  - 14.3.4.3. Financial Overview
  - 14.3.4.4. SWOT Analysis
  - 14.3.4.5. Strategy Overview
- 14.3.5. Intel Corporation
  - 14.3.5.1. Company Overview
  - 14.3.5.2. Company Description
  - 14.3.5.3. Financial Overview
  - 14.3.5.4. SWOT Analysis
  - 14.3.5.5. Strategy Overview
- 14.3.6. Juniper Networks, Inc.
  - 14.3.6.1. Company Overview
  - 14.3.6.2. Company Description
  - 14.3.6.3. Financial Overview
  - 14.3.6.4. SWOT Analysis
  - 14.3.6.5. Strategy Overview
- 14.3.7. Nokia Corporation
  - 14.3.7.1. Company Overview
  - 14.3.7.2. Company Description
  - 14.3.7.3. Financial Overview
  - 14.3.7.4. SWOT Analysis
  - 14.3.7.5. Strategy Overview
- 14.3.8. Saguna Networks Ltd.
  - 14.3.8.1. Company Overview
  - 14.3.8.2. Company Description
  - 14.3.8.3. Financial Overview
  - 14.3.8.4. SWOT Analysis
  - 14.3.8.5. Strategy Overview
- 14.3.9. ZTE Corporation
  - 14.3.9.1. Company Overview
  - 14.3.9.2. Company Description
  - 14.3.9.3. Financial Overview
  - 14.3.9.4. SWOT Analysis
  - 14.3.9.5. Strategy Overview