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Multi-access Edge Computing (MEC) Market

The Global Multi-access Edge Computing (MEC) market was valued at USD 4.84 billion in 2019, and now it is projected to reach USD 32.37 billion by 2026, growing at a CAGR of 31.19%, during the forecast period, 2020u20132026. Key drivers for edge computing consist of todayu2019s 4G networks, the Internet of things (IoT), and next-generation 5G networks.

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Multi-access Edge Computing (MEC) Market

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  1. Global Multi-access Edge Computing (MEC) Market by Product Types, Applications, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026 Report By

  2. The GlobalMulti-access Edge Computing (MEC) market was valued at USD 4.84 billion in 2019, and now it is projected to reach USD 32.37 billion by 2026, growing at a CAGR of 31.19%, during the forecast period, 2020–2026. Key drivers for edge computing consist of today’s 4G networks, the Internet of things (IoT), and next-generation 5G networks. Request for sample@https://dataintelo.com/request-sample/?reportId=99373 Multi-access edge computing (MEC), formerly known as mobile edge computing, is an ETSI-defined network architecture concept that allows cloud computing capabilities and an IT service environment at the edge of the cellular network and, more in general at the edge of any network. The core concept behind MEC is that by running applications and performing related processing tasks closer to the cellular customer, network congestion is decreased and applications perform better. MEC technology is designed to be implemented at the cellular base stations or other edge nodes, and allows flexible and rapid release of new applications and services for customers. Integrating elements of information technology and telecommunications networking, MEC also enables cellular operators to open their radio access network (RAN) to authorized third parties, such as application developers and content providers.

  3. Market Trends, Drivers, Restraints, and Opportunities: • Industrial applications and workloads are quickly moving to the edge of the network. This shift in enterprise connectivity towards less centralized and individual devices are driving the demand for multi-access edge computing (MEC) technology. • Video streaming, AR/VR, IoT, gaming, image and video recognition, real-time asset tracking, autonomous vehicles — these next-generation technologies ask for new network technologies. This factor is further projected to drive the market growth, during the forecast period. • Rising focus of major companies to provide Multi-access Edge Computing (MEC) not only in urban; however, also rural or remote areas with the support of the government is another major factor projected to fuel growth of the global Multi-access Edge Computing (MEC) market. • However, high cost needed for deployment could restrain the growth of market over the forecast period. • Multi-access edge computing (MEC) with 5G, two technologies that, when coupled together, offer businesses with a force multiplier for innovation.

  4. Ask for discount@https://dataintelo.com/ask-for-discount/?reportId=99373 Competitive Landscape: Key players include Nokia Corporation, Hewlett Packard Enterprise Company, Huawei Technologies Co., Ltd., Altran Technologies S.A., Cisco Systems, Inc., Schneider Electric SE, Saguna Networks Ltd., ADLINK Technology, Inc., ZTE Corporation, Vasona Networks Inc., Advantech Co. Ltd., and Wind River Systems Inc. Enquiry Before Buying@https://dataintelo.com/enquiry-before-buying/?reportId=99373

  5. Why Choose Us: • We offer industry-leading critical reports with accurate insights into the future of the market. • Our reports have been evaluated by some industry experts in the market, thus making them beneficial for the company’s to maximize their return on investments. • We provide a comprehensive pictorial representation of the information, strategic recommendations, outcomes of the analytical tools to offer an elaborate landscape, highlighting the key market players. This detailed assessment of the market will help the company increase efficiency. • The demand and supply dynamics offered in the report give a 360 degree view of the market. • Our report helps readers decipher the current and future constraints in the Multi-access Edge Computing (MEC) Market, and help them formulate optimum business strategies to maximize growth in the market.

  6. About DataIntelo: DATAINTELO has set its benchmark in the market research industry by providing syndicated and customized research report to the clients. The database of the company is updated on a daily basis to prompt the clients with the latest trends and in-depth analysis of the industry. Our pool of database contains various industry verticals that include: IT & Telecom, Food Beverage, Automotive, Healthcare, Chemicals and Energy, Consumer foods, Food and beverages, and many more. Each and every report goes through the proper research methodology, validated from the professionals and analysts to ensure the eminent quality reports.

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