Beancounters at Transparency Market Research have added up some numbers and reached the conclusion that the global mobile edge computing (MEC) market is a dynamic and highly competitive one, which is making gigantic strides.
In a report, the analysts said that players operating in the market are constantly looking to develop more effective solutions in response to the different requirement of end-use companies.
They are investing heavily in cutting-edge technologies to stay ahead.
The report said that the many titans in the field were coming up with highly advanced hardware and software solutions that will help them steal a march over their competitors.
The top names in global mobile edge computing (MEC) market are IBM, Huawei, IDT, Nokia, PeerApp, Intel, Juniper, ADLINK, Saguna, Vasona Networks, ZTE and SpiderCloud Wireless.
As per a report by Transparency Market Research, the global mobile edge computing (MEC) market will register 51.0 per cent CAGR between 2017 and 2025 to become worth $4228.3 million by 2025 from $73.8 million in 2016.