What is Multi-access Edge Computing?
Multi-access edge computing (MEC) offers application developers and content providers cloud-computing capabilities and an IT service environment at the edge of the network and closer to the customer. MEC infrastructure allows the implementation of software-only mobile functions or Software-as-a-Service (SaaS) applications. MEC technology is widely used in location services, video analytics, augmented reality, local content distribution or data caching, among many others. The factors such as Exponential growth in traffic, especially video, and the explosion of connected devices and the Increasing Implementation of Next-generation 5G Networks Worldwide are the drivers for the global Multi-access Edge Computing market. In addition, the Introduction of New Innovative Applications and Services also fueling the market growth. However, the Lack of a Common Security Framework may hamper the market growth.
The market study is broken down by Type (Hardware, Software and Services), by Application (Financial and Banking Industry, Retail, Healthcare and Life Sciences, Industrial, Energy and Utilities, Telecommunications and Other End Users) and major geographies with country level break-up.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA estimates that Players from United States will contribute to the maximum growth of Global Multi-access Edge Computing market throughout the predicted period.
IBM (United States), Microsoft (United States), Cisco Systems (United States), Nokia Corporation (Finland), Intel Corporation (United States), Hewlett Packard Enterprise (United States), Huawei Technologies Co., Ltd. (China), Altran Technologies, SA (France), Accenture plc (Ireland) and Schneider Electric (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are SAGUNA Network LTD (Israel), ADLINK Technology (Taiwan) and ZTE Corporation (China).
AdvanceMarketAnalytics has segmented the market of Global Multi-access Edge Computing market by Type, Application and Region.
On the basis of geography, the market of Multi-access Edge Computing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In July 2020, Verizon Business and IBM had announced they are entering into a collaboration to work together on 5G and edge computing innovation to help enable the future of Industry 4.0.
- Introduction of New Innovative Applications and Services
- Exponential growth in traffic, especially video, and the explosion of connected devices
- Increasing Implementation of Next-generation 5G Networks Worldwide
- Increasing Number of Connected Devices
- Increasing Demand for Multi-access Edge Computing from End-users
- Lack of Common Security Framework
- Lack of Skilled IT Professionals
Key Target AudienceMulti-access Edge Computing Solution Providers, Emerging Companie, Research Professionals and End-users
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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