Mobile Edge Computing Market Worth $2.8 billion by 2027- Exclusive Report Covering Pre and Post COVID-19 Market Analysis by

  Mobile Edge Computing Market Worth $2.8 billion by 2027- Exclusive Report
    Covering Pre and Post COVID-19 Market Analysis by Meticulous Research®

  PR Newswire

  LONDON, Sept. 17, 2020

LONDON, Sept. 17, 2020 /PRNewswire/ -- According to a new market research
report titled,  " Mobile Edge Computing Market  by Component, Application
(Location-based Services, Unified Communication, Optimized Local Content
Distribution, Data Analytics, Environmental Monitoring), Organization Size,
and Region – Global Forecast to 2027." The mobile edge computing market is
expected to grow at a CAGR of 30.1% from 2020 to 2027 to reach $2.8 billion by
2027.

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Mobile edge computing is a network architecture that enables IT and
cloud-computing capabilities at the edge of a cellular network. It is a new
option for network providers challenged to meet consumer demands for improved
coverage and greater bandwidth. It is mainly used to reduce network congestion
and improve applications by performing related processing tasks closer to the
end user. The technology is designed to be implemented at cellular base
stations, providing rapid deployment of applications and other customer
services. The increasing need among enterprises to deliver QoE along with
rising demand for low-latency processing and real-time automated
decision-making solutions are anticipated to boost the growth of this market.
However, the lack of required infrastructure and deployment capabilities are
obstructing the growth of the market.

Impact of COVID-19 on the Mobile Edge Computing Market

In the first quarter of 2020, the world was hit by the COVID-19 pandemic. The
outbreak was declared as the global pandemic by WHO, as it has spread in many
countries across the globe and raised the number of cases multi-folds in few
weeks. The COVID-19 pandemic has adversely hit many economies around the
globe. The combat measures such as complete lockdown and quarantine to fight
against COVID-19 have put strong adverse impacts on many industries across the
globe, including the telecommunication industry.

The COVID-19 outbreak will have a serious impact on the mobile edge computing
market because the GDP of the many countries has taken a toll, and adoption
of 5G technology will be delayed because the 3GPP standards body has been
sidelined by the COVID-19 outbreak. Moreover, the possibility of a general
economic recession in response to the pandemic could severely shrink IT
budgets in the coming months, making the potential customer base for new 5G
technology commensurately smaller. Due to the outbreak of COVID-19, the growth
of 5G support smartphone sales and network deployment will likely be slowed,
which can obstruct the development of the mobile edge computing market to some
extent.

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Moreover, due to the COVID-19 pandemic, many countries are postponing the
deployment of 5G technology, which can directly hamper the growth of the
mobile edge computing market. For instance, United Internet's CEO, Ralph
Dommermuth, said that the construction of its subsidiary 1&1 Drillisch's 5G
network would experience delays due to current measures adopted in the country
to prevent a further spread of the COVID-19 pandemic in Germany. 5G buildout
could take a short to medium-term hit because of economic slowdown given the
spread of COVID-19 outbreak globally and resulting in supply chain disruption,
5G technology hardware delays and general effects of the economic downturn.
But in the longer term, the burgeoning needs for home connectivity, digital
health and even economic stimulus measures may give 5G technology buildout a
boost. So, it is expected that 2020 would be a tough time for the growth of
the mobile edge computing market.

The overall mobile edge computing market study presents historical market data
in terms of value (2018 and 2019), estimated current data (2020), and
forecasts for 2027. The market is segmented on the basis of component
(hardware, software, & services), application (location-based services, video
surveillance, unified communication, optimized local content distribution,
data analytics, and environmental monitoring), organization size (large
enterprises and small & medium-sized enterprises) and geography. The study
also evaluates industry competitors and analyses the market at a country
level.

Based on component, the overall mobile edge computing market is segmented into
hardware, software, and services. In 2020, the hardware segment is estimated
to account for the largest share of the overall mobile edge computing market.
Rapidly increasing investment in IoT and 5G technology, along with their high
deployment rate is fueling the growth of this segment.

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Based on application, the overall mobile edge computing market is segmented
into location-based services, video surveillance, unified communication,
optimized local content distribution, data analytics, and environmental
monitoring. In 2020, the location-based services segment is estimated to
account for the largest share of the overall mobile edge computing market.
Recent developments in positioning technologies and improved data transmission
through cloud computing and 5G are expected to drive the growth of this
segment.

Based on organization size, the overall mobile edge computing market is
segmented into large enterprises and small & medium-sized enterprises. In
2020, the large enterprises segment is estimated to command the largest share
of the overall mobile edge computing market. Large-scale enterprises are
deploying mobile edge computing technology owing to the increasing need for
improved quality of service. Moreover, the rising data generation with greater
data response requirements along with growing network subscriber base across
the world has increased the demand for advanced mobile edge computing
solutions among large enterprises.

Geographically, the North American region is estimated to command the largest
share of the global mobile edge computing market in 2020. However,
Asia-Pacific region is expected to witness rapid growth during the forecast
period, owing to increased investments in telecommunication sectors,
government initiatives to encourage digitalization, heavy investments in IoT &
cloud technologies, and high penetration of smart devices in emerging
economies.

The report also includes an extensive assessment of the key strategic
developments adopted by leading market participants in the industry over the
past four years. The mobile edge computing market has witnessed a number of
product launches in recent years. The global mobile edge computing market is
consolidated and dominated by few major players, namely, Huawei technologies
co., Ltd. (China), Saguna Networks, Ltd. (Israel), Juniper Networks, Inc.
(U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Vapor IO (U.S.),
ZephyrTel (U.S.), AT&T, Inc. (U.S.), Nokia Corporation (Finland), Renesas
Electronics Corporation (Japan), Corning, Inc. (U.S.), Adlink Technology, Inc.
(Taiwan), Advantech Co., Ltd. (Taiwan), Emerson Electric co. (U.S.), and
GigaSpaces Technologies, Inc. (U.S.), among others.

To gain more insights into the market with a detailed table of content and
figures, click here: 
https://www.meticulousresearch.com/product/mobile-edge-computing-market-5120/

Scope of the Report:

Mobile Edge Computing Market, By Component                                    

  * Hardware
  * Software
  * Services

Mobile Edge Computing Market, By Application                    

  * Location-based Services
  * Video Surveillance
  * Unified Communication
  * Optimized Local Content Distribution
  * Data Analytics
  * Environmental Monitoring

Mobile Edge Computing Market, By Organization Size                        

  * Large Enterprises
  * Small and Medium-sized Enterprises (SMEs)

Mobile Edge Computing Market, By Geography

  * North America

       * U.S.
       * Canada

  * Europe

       * U.K.
       * Germany
       * France
       * Italy
       * Rest of Europe

  * Asia-Pacific

       * China
       * India
       * Japan
       * Rest of Asia-Pacific

  * Latin America
  * Middle East and Africa

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Amidst this crisis, Meticulous Research ^®  is continuously assessing the
impact of COVID-19 pandemic on various sub-markets and enables global
organizations to strategize for the post-COVID-19 world and sustain their
growth. Let us know if you would like to assess the impact of COVID-19 on any
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