Global Multi-Access Edge Computing Growth Opportunities

Global Multi-Access Edge Computing Growth Opportunities

Increasing Deployment of Public MEC and 5G Networks Across Industries Drives Future Growth Potential

RELEASE DATE
18-Jul-2022
REGION
Global
Deliverable Type
Market Research
Research Code: K5FD-01-00-00-00
SKU: IT04549-GL-MT_26725
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Description

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

RESEARCH: INFOGRAPHIC

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Table of Contents

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)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

Legal Disclaimer

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
More Information
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