The Mobile Edge Computing (MEC) market 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%, owing to the significant increase in the MEC application and rising demand for ultra-low latency and high bandwidth.
Some of the major players in the MEC market include 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). These players have adopted various growth strategies, such as, partnerships, agreements, and collaborations, and new product launches. These strategies were adopted by various players to achieve a strong foothold in the MEC market and achieve better profit margins.
Artesyn Embedded Technologies Inc. has consistently focused on new product launches and partnership strategy to deliver high quality and advanced technology products and services. In the recent years, the company has adopted different business strategies to expand its customer base and enhance its brand equity. In October 2016, Artesyn announced that China Unicom Network Technology Research Institute and Baicells have selected MaxCore platform to exhibit a new MEC Virtual Reality (VR) solution using drone technology for 5G networks. This solution would allow quick, smooth, and better quality transmission of live High Definition (HD) VR videos. Moreover, this solution can be applied in concerts, sporting events, and other entertainment industry. It can also be used for public safety, emergency communication, Unmanned Aerial Vehicle (UAV) inspection, and others.
Huawei Technologies core experience in the area of telecom and enterprise networks, devices, and cloud technology and services has enabled it to provide highly competitive end-to-end solutions which can tackle emerging challenges that end-users are facing in the MEC market. Thus, in the recent years, the company has launched various new products and services to maintain a competitive edge over other major players in this market. In September 2016, the company announced the launch of its [email protected] solution. This solution is capable of fulfilling the requirements of the dynamic needs of the customer and would provide high-quality user experience and high-speed app innovation in the future. Some of the benefits offered by this solution include enhanced network performance and reliability, flexible deployment, better user experience, and optimum utilization of transmission resources.
The MEC market research report analyzes global adoption trends, future growth potentials, key drivers, vendor portfolio analysis, restraints, opportunities, and value chain in the market.
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
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