The global mobile edge computing market will expand at a whopping 51% CAGR from 2017 to 2025 to be worth US$4228.3 mn by 2025. On the basis of component, the hardware segment accounted for a massive share of 80% of the total market in 2016.

The entire mobile edge computing architecture is comprised of different hardware such as servers, routers, processors, and switchers, therefore it is not surprising that the hardware segment is leading and will continue to do so in the years to come. 

Mobile Edge Computing (MEC) provides access to cloud-like computing and storage resources at the mobile edge, within the Radio Access Network (RAN) and in close proximity to mobile subscribers. A deployment at the Mobile Edge can provide applications with significant benefits, for example the ultra-low latency necessary for emerging applications such as Tactile Internet.

Mobile Edge Computing opens up services to consumers and enterprise customers as well as to adjacent industries that can now deliver their mission-critical applications over the mobile network. The MEC market is expected to witness a growing demand globally owing to its growing trend in different applications due to its low latency, high content delivery and high quality of experience. 

The global mobile edge computing market can be classified based upon component into hardware, software, and service. Of them, the hardware segment held a lion’s share of 80.0% in the market in 2016. This is because the entire mobile edge computing architecture is comprised of different hardware, namely servers, processors, routers, and switchers. In the foreseeable future too, the segment is predicted to surpass others in terms of growth. 

At present, several hardware and software vendors are facing challenges to integrate mobile edge computing architecture with the help of 4G LTE network. However, deployment of 5G infrastructure will likely help overcome the challenge. The high demand for HD and 4K live video streaming is also predicted to catalyze growth in the market. 

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