According to research report "Mobile Edge Computing Market by Component (Hardware and Software), Application (Location-Based Services, Video Surveillance, Unified Communication, Optimized Local Content Distribution, Data Analytics), Organization Size and Region - Global Forecast to 2022", published by MarketsandMarkets, global Mobile Edge Computing (MEC) market size is expected to grow from USD 185.8 Million in 2017 to USD 838.6 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 35.2%. The demand for MEC is majorly driven by increasing need to improve end-users Quality of Experience (QoE). With the rising demand for ultra-low latency and high bandwidth requirements, the adoption rate of MEC technology among enterprises is expected to gain a major traction during the forecast period.

Browse 31 Market Data Tables and 31 Figures spread through 98 Pages and in-depth TOC on "Mobile Edge Computing Market - Global Forecast to 2022"
https://www.marketsandmarkets.com/Market-Reports/mobile-edge-computing-market-10135317.html
Early buyers will receive 10% customization on reports.

The location-based services application segment is expected to hold the largest market share

The location-based services segment makes use of real-time geographical data from a mobile device in order to provide information, entertainment, and security. In other words, location-based services allow a variety of services linked to a particular place, to be recommended to a user at the right time. Furthermore, to improve the QoE with respect to the usefulness of the recommended service, the user’s behavior log and preference can be collected in the users mobile terminal, and then be delivered to the location-based service application. This accounts for the largest market size of the location-based services.

Asia Pacific (APAC) is projected to grow at the highest CAGR during the forecast period

North America is estimated to hold the largest market share in 2017, while APAC is projected to be the fastest growing region with the highest CAGR, since enterprises in this region are looking for a more cost-effective approach, thus the growth opportunities are high in the APAC region.

The major vendors providing MEC technology are Adlink Technology Inc. (Taiwan), Advantech Co., Ltd. (Taiwan), Artesyn Embedded Technologies Inc. (California, US), Brocade Communications Systems, Inc. (California, US), Huawei Technologies Co., Ltd. (Shenzhen, China), Juniper Networks, Inc. (California, US), Nokia Corporation (Espoo, Finland), Saguna Networks Ltd. (Israel), Vapor IO, Inc. (Texas, US), and Vasona Networks, Inc. (California, US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
Email: [email protected]