Mobile Edge Computing Market Demand, Trend, Overview, Forecast

1. Mobile Edge Computing Market Size Worth USD 5,541.3 Million in 2030 www.emergenresearch.com Rapid adoption of Internet of Things (IoT) in mobile edge computing is a key factor driving mobile edge computing market revenue growth

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5. Market Summary The global mobile edge computing market size reached USD 488.4 Million in 2021 and is expected to register a revenue CAGR of 31.2% during the forecast period, according to latest analysis by Emergen Research. Increasing adoption of Internet of Things (IoT) in mobile edge computing is the key factor driving market revenue growth. Mobile edge computing is one of the defining technologies for visualizing IoT,  which simply entails computational speed and processing at network's edge. Many issues associated with proliferation of cloud networks can be addressed by enabling connectivity at network's edge and boosting network performance while lowering latency. Growing implementation of IoT is gaining significant traction from various industrial verticals to improve flow of business operations. Number of IoT connections grew by 8% in 2021 from the previous year and in 2023, number of IoT-enabled devices globally is estimated to rise to 43 billion. In addition, increasing penetration of smart devices has helped implementation of IoT technologies. It is expected that investments in IoT will increase significantly due to introduction of new sensors, enhanced computing power, and better network connectivity, which is expected to boost revenue growth of the mobile edge computing market. www.emergenresearch.com

6. Market Summary Some Key Highlights from the Report The data analytics segment will register a steady revenue growth rate over the forecast period due to increasing demand for mobile edge computing on big data analysis. Major telecom operators and IT firms are recently using edge computing technologies for big data analysis. Enterprises can use distributed systems by processing data on edge device and transmitting important data to cloud to be processed, analyzed, or saved, with the combination of edge computing and cloud computing solutions. The Small and Medium-Sized Enterprises (SMEs) segment revenue is expected to increase at a steady rate over the forecast period due to rising demand for edge computing among SMEs. Small and Medium-sized Enterprises (SMEs) frequently use on-site edge computing technologies as independent nodes of their IT to overcome slow internet connections or insufficient bandwidth. Edge computing provides faster response times than a connection to a central data center and reduces volume of data required in cloud due to local data processing. The North America market accounted for largest revenue share in 2021 due to increasing demand for low-latency to process high volume of data and real-time automotive decision-making systems for autonomous vehicles. In addition, rapid adoption of Virtual Reality (VR) and Augmented Reality (AR) across the region, especially in the U.S, is expected to support market revenue growth in this region. Request Free Sample Copy @ https://www.emergenresearch.com/request-sample/1102 www.emergenresearch.com

7. Market Summary • Emergen Research has segmented global mobile edge computing market based on component, organization size, application, and region: • Component Outlook (Revenue, USD Million; 2019-2030) • Hardware • Software • Services • Organization Size Outlook (Revenue, USD Million; 2019-2030) • Large Enterprises • Small and Medium-sized Enterprises (SMEs) • Application Outlook (Revenue, USD Million; 2019-2030) • Location-based Services • Unified Communication • Read More @ https://www.emergenresearch.com/industry-report/mobile-edge-computing-market

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