According to the report analysis, ‘Europe Mobile Edge Computing (MEC) Market 2020-2030 by Component (Hardware, Software, Service), Technology (4G, 5G, Wi-Max), Application, Industry Vertical, Organization Size, and Country: Trend Forecast and Growth Opportunity’ states that Europe mobile edge computing market is projected to propel during the review period owing to significant augment in the interconnected devices, the massive growth in mobile data traffic, the growing ultimatum to enhance the end-user’s quality of experience (QoE), and the developing demand for the low-latency processing and real-time automated decision-making solutions.
ADLINK Technology Inc., Advantech Co., Ltd., AT&T Inc., Huawei Technologies Co. Ltd, IBM Corporation, Integrated Device Technology Inc., Intel Corporation, Nokia Corporation, Quortus Limited, Saguna Networks Ltd, SK Telecom Co., Ltd., SMART Embedded Computing (Artesyn Embedded Technologies), Telefonaktiebolaget LM Ericsson, ZephyrTel Inc. (ESW Capital Group Company) and many others are the foremost entities which presently working in the Europe mobile edge computing market more efficiently for registering the great value of market share, generating the highest percentage of revenue, keep maintaining the governing position, ruling around the globe and leading the highest market growth by implementing the policies of profit making and strategies of expansion, spreading the awareness connected to the applications and advantages of mobile edge computing, improving the qualitative and quantitative measures of such, increasing the features and benefits of mobile edge computing, analysing the strategies and policies of government as well as contenders, establishing the several research and development programs, and delivering the better customer satisfaction.
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The drive for next-gen networks in countless end-use industries underscores the augmenting the market potential of compute and resources that can transmute real-time enterprises. The mobile edge computing (MEC) market incorporates a framework of IT service environment and advanced cloud computing competences wherein data is processed closer to the end user. The requirement for networks with low latency, localized data, and improved IoT is propelling the market prospects for mobile edge computing. MEC has been instrumental in enhancing the quality of experience (QoE), especially in the entertainment, manufacturing, and transportation industries.
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Players in Europe market during the recent years are actively improving the mobile edge computing architecture that can be integrated with the coming 5G infrastructure. The players in the mobile edge computing market are projected to garner revenue obtains from the widespread requirement in autonomous driving systems and data centres.
Not only has this, the rapid penetration of cloud computing in industrial and enterprise applications has made an enormous bearing on the avenues in the mobile edge computing (MEC) market. Over the years, mobile cloud gaming has congregated steam among gamers and have generated a new business opportunity for players in the Europe mobile edge computing (MEC) market.
However, shortage of demanded infrastructure & deployment capabilities and aspects such as regulatory & legal framework and privacy and safety concern are the aspects that restrict the market growth. In addition, new revenue stream for service providers and opportunities for enterprises in developing MEC application positions of AV/VR is anticipated to generate the major opportunities in the market.
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Europe Mobile Edge Computing (MEC) Market Competition
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