Global Multi-Access Edge Computing Growth Opportunities


Edge computing is computing that pushes intelligence, data processing, analytics, and communication capabilities to where the data originates: at network gateways or endpoints. The goal is to reduce latency and ensure highly efficient networks, operations, service delivery and improved user experience.

New York, Aug. 12, 2022 (GLOBE NEWSWIRE) — announces the release of the “Global Multi-Access Edge Computing Growth Opportunities” report –

By bringing computing closer to the data source, edge computing enables latency-aware computing and greater business agility through better control and faster insights. It also reduces operational expenses, which results in more efficient support of network bandwidth.

Key characteristics of edge computing include:
• Computing power in the network or on site
• Proximity
• Real-time data processing
• Wide geodistributionThree major IT revolutions have occurred in industrial applications: mainframe, client server and cloud computing. , responsive data collection and reduced 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 mining 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 telcos and cloud providers launch commercial services and begin to scale. 5G technology offers lower latency and higher capacity. With MEC, he brings computing power closer to customers, enabling new applications and experiences. Telcos are now deploying smaller data centers closer to customers at the network edge to optimize application performance. However, telecom operators cannot implement and manage MEC on their own. They must establish partnerships and an ecosystem of applications to seize growth opportunities in the MEC space. Telcos have started partnering with cloud providers such as Amazon Web Services, Microsoft Azure, Google Cloud, and IBM Cloud to improve performance of mission-critical applications and enable new applications on wireless networks. The MEC market presents growth opportunities in various consumer and enterprise use cases and applications that require low latency connectivity to enhance user experience. For consumers, innovative applications for MEC include 5G gaming and augmented reality, virtual reality and ultra-high definition streaming. For enterprises, telcos are deploying private wireless networks to enable manufacturing 4.0, automated mining, precision agriculture, Industrial Internet of Things (IIoT), and other exciting applications. The geographic coverage of this Frost & Sullivan MEC study is global. The study period extends from 2019 to 2025, with 2021 as the reference year.
Author: Renato Pasquini
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