Rise in adoption of multi edge access computing, owing to its numerous benefits such as reduced energy consumption, lower operating cost, application latency reduction, streaming data, and real time analytics drives growth of the market. In addition, rise in deployment of 5G network, increase in adoption of IoT, and rise in need among enterprises to deliver Quality of Experience and back haul reduction are some other factors that affect growth of the Multi-access Edge Computing market positively. However, lack of required infrastructure and growth in cyber-attacks hinder growth of the market. Furthermore, emerging augmented and virtual reality application with multi-access edge computing is expected to create numerous opportunities for the multi-access edge computing market.
With technological advancements and need to extend bandwidth to enhance 5G capabilities, wireless experience is rapidly increasing and thus the need to deliver enhanced experience with virtual, augmented, and mixed reality is on the rise. Hence, these kinds of integration are expected to provide multiple opportunities for the Multi-access Edge Computing market. In addition, a number of industries such as broadcasting, sports, and entertainment are also expecting integration of multi access edge computing with argument and virtual reality in order to improve current viewing experience.
Multi access edge computing is widely used for ultra-reliable and low latency communication, which plays a major role in latency sensitive apps and services for various consumers, enterprises, and industrial use. Multi-access edge computing integrated with 5G services is expected to reduce network latency and provide better performance and communication for services such as 4K video.
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Major market players such as – ADLINK Technology Inc., Microsoft Corporation, Advantech Co, Ltd., FogHorn Systems, Hewlett Packard Enterprise Development LP, Saguna Networks Ltd., Juniper Networks, Inc., Artesyn Technologies, Vapor IO, Inc., ZephyrTel, Inc.
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