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Mobile Edge Computing Market – Growth, Trends, COVID-19 Impact, and Forecasts (2022 – 2027)

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New York, Nov. 17, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Mobile Edge Computing Market – Growth, Trends, COVID-19 Impact, and Forecasts (2022 – 2027)” – https://www.reportlinker.com/p06039511/?utm_source=GNW
However, the market growth has faced setbacks due to the global lockdown caused by COVID-19. Three interrelated technologies, the internet of things (IoT), 5G, and edge computing, are expected to see a large stall in spending, affecting the market to a certain extent. Most recently, Nokia has also decided to cut up to 10,000 more jobs in 2021 and 2022 because of the financial slowdown, which may affect performance.

Key Highlights
Enterprises across industries are beginning to drive new levels of performance and productivity by deploying different technological innovations, like sensors and other data-producing and collecting devices, along with analysis tools. Traditionally, data management and analysis are performed in the cloud or data centers. However, the scenario seems to be changing with the increasing penetration of network-related technologies and initiatives, such as smart manufacturing, smart cities, etc.
As enterprises embrace these new technologies, the need to analyze essential data in near real-time has become more critical to adopt the adopted technologies. The demand has become vital across many industries, including manufacturing, healthcare, telecommunications, and finance. Moreover, the explosion of data, according to SharesPost, more than 150 zettabytes (150 trillion gigabytes) of data is estimated to be generated by 2025, pushing the need further. It made factors like network latency very critical.
Furthermore, with the current 4G networks reaching their maximum limit, 5G will have to manage online traffic far more intelligently, in which mobile edge computing will play a significant role. With the management of the data load, MEC is expected to play a substantial part in reducing latency for 5G networks.
Due to the abovementioned applications, enterprises across industries have also expressed interest in MEC, and the adoption has begun in the past few years.? For instance, in May 2022, Zebra Technologies Corporation, an innovator at the front line of business with solutions and partners that deliver a performance edge, announced the new TC53/TC58 mobile computing series featuring innovative technologies that help business leaders and IT decision-makers across industries increase operational efficiency, deploy new capabilities to the front line, and reduce costs.
For instance, in 2021, Nokia Technologies achieved the important milestone of 4 000 patent families declared essential for 5G standards. The company also has filed more than 1500 patent applications.

Key Market Trends

Telecommunication is Expected to Hold Major Share

Telecommunications is one of the fastest evolving industries in the global market. It is currently upgrading its infrastructure to prepare for the 5G transition, which makes it a suitable time for telecom end-users to invest in mobile edge computing resources.
With the rise in an enormous amount of data generated from millions of subscribers streaming terabytes of videos, music, and social networking every day, enterprises are facing high network load, and increasing demand for network bandwidth is expected to cater to the increase in the spectrum bandwidth along with ultra-low latency rate.
As 5G deployment is gaining traction worldwide, MEC architecture is evolving quickly to keep up with the expansion of 5G networks. Companies in the market are integrating MEC with 5G to distribute networking demands effectively.
Tremendously improved capabilities could be handled on an exponentially increasing number of connected devices, enabling a wide range of latency and bandwidth-dependent, cross-industry technologies and applications, including artificial intelligence (AI) and the Internet of Things (IoT), machine learning, autonomous vehicles, connected cars.
Many companies, including Ericsson, AT& T, Singtel, and Vodafone, are looking for big splashes in the edge computing industry. Ericsson, in May 2022, has been in a partnership with BT to provide commercial 5G private networks for the UK market, the first agreement of its kind in the country to sell next-generation mobile network technology products to businesses and organizations in sectors such as manufacturing, defense, education, retail, healthcare, transport, and logistics.

North America is Expected to Hold Major Share

North America is home to the three major cloud service providers, Amazon Web Services, Microsoft’s Azure, and Google Cloud. This region is also the hub for all the major technological innovations such as 5G, autonomous driving, IoT, Blockchain, Gaming, and Artificial Intelligence, among others.
This region is known to be an early adopter of new technologies. Most new technologies at present are data intensive. They create, process, and transfer large amounts of data, due to which the current infrastructure, consisting of data centers and the cloud, is inching toward its maximum capacity.
With the number of new data generated and used at present, these infrastructures won’t be able to support the needs of their customers. Of all the parameters involved, latency will be the most crucial factor for the business. Most businesses rely on real-time data access and processing, so low latency could disrupt their whole process. This is where edge computing has helped infrastructure developers address the issue. With new technologies maturing, edge computing is expected to impact significantly.
The United States has been the most active region with prominent telecom giants like Verizon, AT&T, Nokia, and others. Many companies have been eager to launch private 5G MEC to users and have already begun rollouts in many areas in the United States.
January 2022 – Health technology platform Proximie has partnered with Vodafone Business to digitize operating rooms with 5G, IoT, and edge computing installations. Some industries they seem to target by working with developers include healthcare (Avesha’s polyp detection platform), entertainment/sports (real-time betting), and manufacturing.

Competitive Landscape

The mobile edge computing market is moderately competitive and appears to be moderately concentrated, comprising a few significant players. Some players are expected to dominate the market in terms of market share. However, with the enhancement in the network bandwidth due to the 5G services, new players are increasing their market presence and expanding their business footprint across emerging economies. Technological advancements are bringing significant competitive advantage to companies, and the market is also witnessing multiple partnerships and mergers. Also, a threat has constantly been involving more prominent market players in other industries trying to have a new foot or grand entry into the market like Verizon, Singtel, and Vodafone.

March 2021 -Nokia launched Nokia Edge Automation. This new solution uses a single platform to help the users remove the complexity of managing multiple cloud-based data centers by automating the process.
February 2021- Nokia claims to have launched the first commercial ‘service enablement platform’ (SEP) for Open RAN deployments. It claims one of the movement’s key innovations was to combine the RAN Intelligent Controller (RIC) with ‘multi-access edge computing (MEC) and integrate them to operate smoothly on one platform. The RIC adds programmability to the RAN, which enables the addition of AI or machine learning, for instance. At the same time, MEC is the innovation that essentially opened a space for non-mobile applications at the edge.

Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support
Read the full report: https://www.reportlinker.com/p06039511/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

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Artificial Intelligence


Elevate Your Virtual Reality Experience with KIWI design RGB Vertical Stand, Now Available on Meta’s Website





 






Published
 4 hours ago 
on
 May 11, 2024





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LOS ANGELES, May 11, 2024 /PRNewswire/ — Top-tier VR accessories provider KIWI design has launched its latest product, the RGB Vertical Stand. This Meta-authorized accessory, designed to deepen users’ immersion in the metaverse, is now available on the official Meta website.


“KIWI design’s commitment to pushing the boundaries of virtual reality accessories takes another leap forward with the introduction of our new products,” said Ray,the CEO of KIWI design. “We are always dedicated to bringing innovative upgrades to VR device accessories, with the goal of enriching users’ virtual reality experiences.”

The newly launched RGB Vertical Stand features a user-friendly modular design with push-in assembly, making it easy to set up and use. It is compatible with Meta Quest 3, Quest 2, and Quest Pro, ensuring widespread usability. With a magnetic USB Type-C connector, it provides an effortless way to charge and display your headset. Users can also customize their display with 16 pre-set ambient multicolor RGB light options.

With VR technology constantly evolving, users are seeking more immersive experiences. As a leading manufacturer of VR accessories, KIWI design is committed to enhancing the user experience, through unique product designs. Since its establishment in 2015, KIWI design has acquired over 100 patents and has a diverse product lineup, including head straps, facial interfaces, VR stands, charging accessories, and controller grip covers.

KIWI design has also actively participated in the Made for Meta program, which is provided by Meta to strengthen its partnerships with leading brands to deliver accessories that enhance Meta products with more choice and a richer experience for everyone. KIWI design’s participation in this program validates its high-quality design standards.

The RGB Vertical Stand for Meta Quest 3, Quest 2, and Quest Pro and another specially designed authorized charging dock for the Meta  Oculus Quest 2 are now available for purchase on both KIWI design’s website and Amazon. For more information about our brand and products, please visit our website and follow KIWI design on Facebook, Instagram, X, YouTube and TikTok.

https://www.kiwidesign.com/

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Artificial Intelligence


WIO Taps Gracenote to Revolutionize Television Broadcast Reporting





 






Published
 20 hours ago 
on
 May 11, 2024





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LOS ANGELES, May 11, 2024 /PRNewswire/ — WIO LLC, parent company of the global TV broadcast airings platform, WIOpro™, has announced a new strategic agreement with Gracenote, the global content data business unit of Nielsen, to address the longstanding challenge of accurately tracking and collecting music royalties generated by broadcast television and digital programming, With this agreement, WIO will integrate Gracenote TV program metadata and show airings into its WIOpro™ (“When’s It On – Professional”) platform enabling performance rights organizations, copyright management organizations and other entities to better monitor broadcast schedules and identify when royalties have been earned.


By integrating Gracenote historical program data into WIOpro’s new LookBack™ feature, WIO is enhancing its reporting capabilities and empowering Collection Societies, Rights Management Companies and the royalty-earning community to more easily monitor and export broadcast airings and better understand collections opportunities.

“At WIO, we are committed to empowering collection societies and copyright holders around the world with our platform tools and unprecedented access to the best and most accurate television broadcast and streaming data available,” said Shawn Pierce, Co-Founder and CEO of WIO LLC. “We have enjoyed an incredible relationship with Gracenote for 10 years. With the solidification of this agreement, we are able to deliver an unrivaled dataset to the royalty and residual community in a way that has not been offered before.” said Adam Shafron, Co-Founder and CTO of WIO LLC.

“WIO’s platform developed to solve the difficult matter of royalty tracking only becomes more powerful based on the integration of accurate, timely and comprehensive Gracenote metadata,” said Scott Monahan, Director, Strategic Partnerships, Gracenote. “We look forward to the combination of WIOpro’s technology and Gracenote’s program metadata delivering on the promise of transforming music royalty collection so that rights holders can be fairly compensated for use of their work.”

WIO and Gracenote will be at the MusicBiz 2024 conference in Nashville, TN May 13 – 16. Contact Dave Pelman, COO of WIO LLC at [email protected] for media queries or to book an appointment for a product demonstration.

About WIO:WIO is a technology company dedicated to providing broadcast television and digital programming data tailored specifically for the royalty and residual collection industry. Through its platform WIOpro (wiopro.com), users obtain access to real-time broadcast insights, reporting and curated data delivery.

About Gracenote:Gracenote is the content data business unit of Nielsen providing entertainment metadata, connected IDs and related offerings to the world’s leading creators, distributors and platforms. Gracenote enables advanced content navigation and discovery capabilities helping individuals easily connect to the TV shows, movies, music, podcasts and sports they love while delivering powerful content analytics making complex business decisions simpler.

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Artificial Intelligence


IDTechEx Explores Printed Electronics in Electrified and Autonomous Mobility





 






Published
 1 day ago 
on
 May 10, 2024





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BOSTON, May 10, 2024 /PRNewswire/ — Electrification, autonomy, and vehicle ownership saturation are causing a technological revolution in the automotive sector. These automotive meta-trends are driving drastic changes in electronic component requirements and present a high-volume opportunity for printed electronics to capitalize on.


Historically, printed electronics technologies have nurtured a close relationship with the automotive sector, with printed force sensors pioneering passenger safety through seat occupancy and seatbelt detection. As such, the automotive sector continues to represent the lion’s share of the global printed and flexible sensor market, which IDTechEx’s report on the topic evaluates as worth US$421M in 2024. However, if the automotive sector is to continue to be a reliable revenue stream, printed electronics technology providers must adapt to address the emerging technical challenges facing future mobility.

Augmenting autonomous vehicles with printed electronics

As vehicle autonomy levels advance, the increasing number and distribution of spatial mapping sensors required will need continuous performance improvements to ensure passenger safety. Emerging printed electronics technologies can augment these sensors, extending detection bandwidth and maximizing reliability during operation.

Transparent conductive films (TCFs) are being developed to heat and defog LiDAR sensor panels, ensuring the function is unperturbed by external environmental conditions. Properties such as high transparency and low haze are important for defogging. These properties can be easily tuned using the wide variety of material options available for TCFs, including carbon nanotubes and silver nanowires.

IDTechEx identifies printed heating as a leading application of transparent conductive films. This is attributed to diminishing growth prospects in capacitive touch sensing applications. Innovations in thin film coating techniques have enabled indium tin oxide (ITO) to dominate touch sensing applications, all but displacing TCFs completely.

Looking towards the future, printed electronics technologies could play a more active role in advanced autonomous driving. Emerging semiconductive materials, such as quantum dots, printed directly onto conventional silicon image sensor arrays can extend detection range and sensitivity deeper into the infrared region. Augmenting existing image sensor technology with enhanced spectral range could facilitate the competition of hybrid silicon sensors with established InGaAs detectors.

Printed sensors promise granularized battery health monitoring

Vehicle electrification is driving the sustained development and evolution of electronic management systems, particularly in the battery and electric drivetrain. A strong market pull exists for technologies that increase vehicle efficiency, range, and lifetime while reducing recharge times.

Printed pressure and temperature sensors measure battery cell swelling and thermal profiles, providing granularized physical data that can be used to optimize battery deployment and recharging. Moreover, hybrid printed sensors that combine integrated printed heating elements promise a solution to actively address battery temperature. IDTechEx estimates that printed sensor-enabled battery deployment and charging optimizations could be worth up to US$3000 in savings per vehicle.

There remains uncertainty about whether electrification trends will correspond to increased demand for physical sensors in electric vehicle batteries, owing to the utility of existing electronic readouts for managing deployment. Virtual sensors also pose a threat, where AI-enabled software models interpret data to predict and emulate physical sensor functions without the need for discreet components. However, emerging regulations regarding safety and sensor redundancy will likely favor measurable metrics and see automotive makers continue to adopt physical sensors. IDTechEx predicts that virtual sensors are unlikely to displace their physical counterparts – so long as low-cost sensors remain widely available.

Embedding printed electronics in the car of the future

IDTechEx predicts that global car sales will saturate over the next decade, with automakers increasingly looking for premium features and technical innovations to differentiate themselves from the competition. In-cabin technologies will be highly desirable – as the location where passengers reside and interact with the vehicle the most.

Lighting elements are emerging as a prominent differentiator, described as “the new chrome” by Volkswagen’s chief designer. The use of in-mold structural electronics (IMSE) enables the integration of embedded lighting elements using existing manufacturing processes. 3D electronics technologies are intrinsically attractive for automotive integration, as functional layers are conformable and lightweight while easily embedded within existing aesthetic elements.

Despite strong tailwinds, the adoption of in-mold electronics within automotive interiors has been sluggish. This is attributed to the challenges of meeting automotive qualification requirements, as well as stiff competition with less sophisticated alternatives such as applying functional films to thermoformed parts. Nevertheless, momentum is building, with technology providers like Tactotek partnering with Mercedes-Benz and Stallantis to progress the automotive validation of IMSE to TRL5.

Outlook for printed electronics in automotive applications

Just as printed force sensors heralded early passenger safety systems, printed electronics technology is poised to underpin next-generation innovations for the car of the future. But this time, the competition will be stiff. Critical cost requirements must be met, while desirable new functionality must address existing challenges faced by manufacturers. Printed electronics can play a role in supporting emerging electrified and autonomous mobility, such as augmenting LiDAR sensors or optimizing electric battery deployment. Demand for technologies that enhance passenger experience and vehicle aesthetics will continue to grow, and printed electronics can supply low-power, lightweight lighting solutions for these.

Sustained engagement from tier suppliers and manufacturers continues to make the automotive sector key to printed sensor market growth opportunities – a total market IDTechEx predicts will reach US$960M by 2034. Strong partnerships between material providers and printed electronics technology providers are complementary to those of the highly vertically integrated automotive value chains between tier suppliers and OEMs. Leveraging printing techniques to provide solutions that slot into existing manufacturing processes and designs will be crucial. In the medium term, the printed electronics technologies most likely to realize revenue potential are those that can adapt to service emerging challenges already known to the automotive industry.

For more information on IDTechEx’s research on this topic, please see their report, “Printed and Flexible Sensors 2024-2034: Technologies, Players, Markets”. Downloadable sample pages are available for this report.

For the full portfolio of printed and flexible electronics market research from IDTechEx, please visit www.IDTechEx.com/Research/PE.

About IDTechEx:

IDTechEx provides trusted independent research on emerging technologies and their markets. Since 1999, we have been helping our clients to understand new technologies, their supply chains, market requirements, opportunities and forecasts. For more information, contact [email protected] or visit www.IDTechEx.com. 

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Media Contact:

Lucy RogersSales and Marketing [email protected] +44(0)1223 812300

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