Mobile Edge Computing Market 2024-2028: Size and High deployment cost of 5G technology; growth driven by the Component, Some of key Companies Positioned Strategically

The mobile edge computing market size by Component (Hardware and Software) and Geography (North America, Europe, APAC, South America, and Middle East and Africa), is forecast to increase by USD 3547 million. The market is expected to grow at a CAGR of   46.12% between 2024 and 2028.

• The integration of 5G technology into mobile edge computing comes with a significant investment, posing a challenge for market expansion. Dependent on robust broadband access, the combined cost of 5G connectivity and mobile edge computing to manage the entire workload is substantial. Additional concerns include the high installation expenses of small cell networks and the security vulnerabilities of outdoor power systems. Adherence to stringent telecommunication regulations further increases costs for organizations in the market. These factors collectively hinder the growth of the global 5G technology market during the forecast period.
• The Mobile Edge Computing (MEC) market is experiencing significant growth due to the increasing demand for low-latency, real-time data processing in mobile environments. MEC enables businesses to move computing power closer to the edge of their networks, reducing the need for costly and time-consuming data transfers to the cloud. This results in improved network efficiency, enhanced user experience, and increased business agility. Key industries such as healthcare, manufacturing, and retail are adopting MEC to drive digital transformation and gain a competitive edge.

Access the full report to know who are the other key countries segment-wise forecast and historic data

Some of the Key Companies:

• ADLINK Technology Inc.
• Advantech Co. Ltd.
• AT and T Inc.
• COMSovereign Holding Corp.
• GigaSpaces Technologies Ltd.
• Huawei Technologies Co. Ltd.
• Intel Corp.
• Juniper Networks Inc.
• Nokia Corp.
• SK Telecom Co. Ltd.
• SMART Global Holdings Inc.
• TelcoDR Inc.
• Telefonaktiebolaget LM Ericsson
• Verizon Communications Inc.
• Vodafone Group Plc
• ZTE Corp.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/