Edge computing is computing that pushes intelligence, data processing, analytics, and communication capabilities to where the data originates:
at network gateways or endpoints. The aim is to reduce latency and ensure highly efficient networks, operations, service delivery, and an improved user experience. By bringing computing closer to the data source, edge computing enables latency-sensitive computing and greater business agility through better control and faster insights. It also lowers operating expenses, resulting in more efficient network bandwidth support.
Primary characteristics of edge computing include:
• Computing power in the network or on-premises
• Proximity
• Real-time data processing
• Wide geo-distribution
Three major computing revolutions have occurred in industrial applications: mainframe, client server, and cloud computing. Picking up where these paradigms left off, edge computing is establishing itself as a foundational technology for industrial enterprises, offering shorter latencies, robust security, responsive data collection, and lower costs. It is highly relevant in hyperconnected industrial environments as its solution-agnostic nature enables its use in various applications, including autonomous assets, remote asset monitoring, data extraction from stranded assets, autonomous robotics, autonomous vehicles, smart factories, oilfield operations management, machine monitoring, and smart campuses.
The global multi-access edge computing (MEC) market is growing as telecom operators and cloud providers launch commercial services and begin to scale. 5G technology offers lower latency and higher capacity. Together with MEC, it brings computing power closer to customers, enabling new applications and experiences. Telecom operators now deploy smaller data centers closer to customers at the network’s edge to optimize application performance. However, telecom operators cannot implement and manage MEC alone. They must establish partnerships and an application ecosystem to seize growth opportunities in the MEC space. Telecom operators have started partnering with cloud providers such as Amazon Web Services, Microsoft Azure, Google Cloud, and IBM Cloud to improve the performance of mission-critical applications and enable new applications over wireless networks.
The MEC market presents growth opportunities in various consumer and enterprise use cases and applications that require low-latency connectivity to boost the user experience. For consumers, innovative applications for MEC include 5G gaming and augmented reality, virtual reality, and ultra-high-definition streaming. For enterprises, telecom operators deploy private wireless networks to enable manufacturing 4.0, automated mining, precision agriculture, industrial internet of things (IIoT), and other compelling applications.
The geographic coverage of this Frost & Sullivan MEC study is global. The study period is from 2019 to 2025, with 2021 as the base year.
Author: Renato Pasquini
Why is it Increasingly Difficult to Grow?The Strategic Imperative 8™: Factors Creating Pressure on Growth
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Multi-access Edge Computing Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Market Definition—Edge Computing and MEC Concepts
Market Definition—Computing Revolutions
Segmentation by Participant
Key Competitors
3 Core Elements of 5G—eMBB, uMTC, and MMTC
Key Questions Addressed
Growth Metrics
Growth Environment
Growth Drivers
Growth Restraints
Forecast Assumptions
Revenue Forecast
Revenue Forecast by Type
Revenue Forecast by Offering
Revenue Forecast by Participant
Revenue Forecast by Region
Revenue Forecast by Vertical
Revenue Forecast Analysis by Type
Revenue Forecast Analysis by Offering
Revenue Forecast Analysis by Participant
Revenue Forecast Analysis by Region
Revenue Forecast Analysis by Vertical
Competitive Environment
Cooperation Agreements for MEC Standardization and Interoperability
Spending Growth on 5G Edge Hardware and Services
AT&T—MEC Profile
AT&T—MEC Profile (continued)
AT&T—MEC Profile (continued)
Bell Canada—MEC Profile
Bell Canada—MEC Profile (continued)
Bell Canada—MEC Profile (continued)
China Mobile—MEC Profile
China Mobile—MEC Profile (continued)
China Mobile—MEC Profile (continued)
China Telecom—MEC Profile
China Telecom—MEC Profile (continued)
China Telecom—MEC Profile (continued)
China Unicom—MEC Profile
China Unicom—MEC Profile (continued)
China Unicom—MEC Profile (continued)
Deutsche Telekom—MEC Profile
Deutsche Telekom—MEC Profile (continued)
Deutsche Telekom—MEC Profile (continued)
Telefónica—MEC Profile
Telefónica—MEC Profile (continued)
Telefónica—MEC Profile (continued)
KT Corporation—MEC Profile
KT Corporation—MEC Profile (continued)
KT Corporation—MEC Profile (continued)
Orange—MEC Profile
Orange—MEC Profile (continued)
Orange—MEC Profile (continued)
Verizon—MEC Profile
Verizon—MEC Profile (continued)
Verizon—MEC Profile (continued)
Vodafone—MEC Profile
Vodafone—MEC Profile (continued)
Vodafone—MEC Profile (continued)
AWS—MEC Profile
Google Cloud—MEC Profile
IBM—MEC Profile
MS Azure—MEC Profile
Intel—MEC Profile
Cisco—MEC Profile
Ericsson—MEC Profile
Growth Opportunities
Growth Opportunities (continued)
Growth Opportunity 1: Mobile Gaming for Interactive and Networked Entertainment
Growth Opportunity 1: Mobile Gaming for Interactive and Networked Entertainment (continued)
Growth Opportunity 1: Mobile Gaming for Interactive and Networked Entertainment (continued)
Growth Opportunity 2: Connected/Autonomous Vehicles for Efficient and Accident-Free Transportation
Growth Opportunity 2: Connected/Autonomous Vehicles for Efficient and Accident-Free Transportation (continued)
Growth Opportunity 2: Connected/Autonomous Vehicles for Efficient and Accident-Free Transportation (continued)
Growth Opportunity 2: Connected/Autonomous Vehicles for Efficient and Accident-Free Transportation (continued)
Growth Opportunity 3: AR for Human Cognition Augmentation and VR for Highly Immersive and Interactive Experiences
Growth Opportunity 3: AR for Human Cognition Augmentation and VR for Highly Immersive and Interactive Experiences (continued)
Growth Opportunity 3: AR for Human Cognition Augmentation and VR for Highly Immersive and Interactive Experiences (continued)
Growth Opportunity 3: AR for Human Cognition Augmentation and VR for Highly Immersive and Interactive Experiences (continued)
Growth Opportunity 3: AR for Human Cognition Augmentation and VR for Highly Immersive and Interactive Experiences (continued)
Growth Opportunity 4: UHD Video Streaming to Support Increased Video-on-Demand Consumption on Mobile
Growth Opportunity 4: UHD Video Streaming to Support Increased Video-on-Demand Consumption on Mobile (continued)
Growth Opportunity 4: UHD Video Streaming to Support Increased Video-on-Demand Consumption on Mobile (continued)
Growth Opportunity 5: IoT/AI/ML Inferencing for Computer Vision and Other Analytics-as-a-Service Solutions
Growth Opportunity 5: IoT/AI/ML Inferencing for Computer Vision and Other Analytics-as-a-Service Solutions (continued)
Growth Opportunity 5: IoT/AI/ML Inferencing for Computer Vision and Other Analytics-as-a-Service Solutions (continued)
Growth Opportunity 6: Industry 4.0 Solutions for Enhanced Productivity and Zero Accidents
Growth Opportunity 6: Industry 4.0 Solutions for Enhanced Productivity and Zero Accidents (continued)
Growth Opportunity 6: Industry 4.0 Solutions for Enhanced Productivity and Zero Accidents (continued)
Growth Opportunity 6: Industry 4.0 Solutions for Enhanced Productivity and Zero Accidents (continued)
Growth Opportunity 7: Smart City Applications to Serve Citizens Better and Reduce Costs and Carbon Dioxide Emissions
Growth Opportunity 7: Smart City Applications to Serve Citizens Better and Reduce Costs and Carbon Dioxide Emissions (continued)
Growth Opportunity 7: Smart City Applications to Serve Citizens Better and Reduce Costs and Carbon Dioxide Emissions (continued)
Growth Opportunity 7: Smart City Applications to Serve Citizens Better and Reduce Costs and Carbon Dioxide Emissions (continued)
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| Deliverable Type | Market Research |
|---|---|
| Author | Renato Pasquini |
| Industries | Information Technology |
| No Index | No |
| Is Prebook | No |
| Podcast | No |
| WIP Number | K5FD-01-00-00-00 |
Global Multi-Access Edge Computing Growth Opportunities
Increasing Deployment of Public MEC and 5G Networks Across Industries Drives Future Growth Potential
18-Jul-2022
Global
Market Research