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. 

Based on the component, the market is segmented into hardware, software and service. Further software segment is subdivided into video analytics, location services, internet of things (IoT), data caching, connected vehicles and others, the service segment also divided into consulting, system integration and maintenance. Based on industry vertical the market is categorized into media and entertainment, retail, IT & telecom, healthcare, BFSI and others (Manufacturing & Education).

The mobile edge computing market has also been segmented based on Technology into 4G, 5G and Wi-Max. The report includes a comprehensive coverage of the underlying economic development factors under the key trend analysis section. 

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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