According to TMR, the global mobile edge computing (MEC) 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.
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Europe to Continue to Lead in MEC Market Boosted by High Uptake of IoT Devices
On the basis of geography, Europe is leading in the market accounting for 43.5% of the market in 2016 on account of the rising usage of data as well as growing adoption of devices which make use of the Internet of Things, thereby boosting the uptake of mobile edge computing. It is anticipated that Europe will witness and expansion of 42.8% CAGR between 2017 and 2025. As North America is home to several hardware and software manufacturers, this region will also be a key market for mobile edge computing. Promising growth can also be expected in the Middle East, South America, and Asia Pacific on account of the rising number of mobile subscribers and increasing number of IoT devices.
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