Top 10 Verizon MEC Trends to Watch in 2023

Mobile edge computing (MEC) is a rapidly evolving technology that is poised to revolutionize the way we use mobile devices. By bringing compute and storage closer to the end user, MEC can enable new and innovative applications that were not possible before. Verizon is one of the leading providers of MEC services, and they are constantly innovating to make MEC more accessible and affordable for businesses and consumers. In this article, we will delve into the top 10 Verizon MEC trends to watch in 2023-24.

Top 10 Verizon MEC Trends to Watch in 2023-24

Here are the top 10 Verizon MEC trends to watch in 2023-24:

1. Increased adoption of MEC by businesses of all sizes

MEC is no longer just for large enterprises. Businesses of all sizes are now realizing the benefits of MEC, and they are adopting it to improve their operations and deliver new customer experiences.

MEC is becoming increasingly attractive to businesses of all sizes because it offers a number of benefits, including:

Reduced latency: MEC can significantly reduce the latency between the end user and the application, which is essential for real-time applications such as augmented reality, virtual reality, and self-driving cars.
Improved performance: MEC can also improve the performance of applications by offloading processing and storage tasks from the cloud to the edge. This can be especially beneficial for applications that require a lot of computing power or bandwidth.
Increased security: MEC can help to improve the security of applications by reducing the amount of data that needs to be transmitted to the cloud. This can make it more difficult for attackers to intercept and steal data.
Reduced costs: MEC can help to reduce the costs of running applications by offloading processing and storage tasks to the edge. This can be especially beneficial for businesses with a large number of mobile users.

As a result of these benefits, MEC is being adopted by businesses in a variety of industries, including:

Healthcare: MEC is being used to develop new healthcare applications such as remote patient monitoring and augmented reality surgery.
Manufacturing: MEC is being used to improve the efficiency and productivity of manufacturing processes.
Retail: MEC is being used to develop new customer engagement applications such as personalized shopping experiences and real-time inventory tracking.
Transportation: MEC is being used to develop new transportation applications such as self-driving cars and smart traffic lights.

In addition to these specific industries, MEC is also being adopted by businesses of all sizes to improve their operations and deliver new customer experiences. For example, a small business could use MEC to develop a mobile app that allows customers to order and pay for products without having to go into the store.

Overall, the increased adoption of MEC by businesses of all sizes is a positive trend. MEC is a powerful technology that can help businesses to improve their operations and deliver new customer experiences.

Here are some specific examples of how businesses of all sizes are using MEC:

A small retail store could use MEC to develop a mobile app that allows customers to browse the store’s inventory and place orders from anywhere.
A mid-sized manufacturing company could use MEC to improve the efficiency of its production line by tracking the movement of materials in real time.
A large enterprise could use MEC to develop a new augmented reality app that helps engineers to troubleshoot problems and make repairs more quickly.

As MEC becomes more widely adopted, we can expect to see even more innovative and exciting applications emerge.

2. Expansion of MEC into new verticals

MEC is not just for consumer applications. It is also being adopted by businesses in a variety of verticals, including healthcare, manufacturing, and retail.

Here are some specific examples of how MEC is being used in new verticals:

Healthcare: MEC is being used to develop new healthcare applications such as remote patient monitoring, augmented reality surgery, and real-time medical imaging. For example, a hospital could use MEC to develop a system that allows doctors to remotely monitor the vital signs of patients in their homes.
Manufacturing: MEC is being used to improve the efficiency and productivity of manufacturing processes. For example, a manufacturing plant could use MEC to develop a system that tracks the movement of materials in real time and identifies bottlenecks.
Retail: MEC is being used to develop new customer engagement applications such as personalized shopping experiences and real-time inventory tracking. For example, a retail store could use MEC to develop a system that recommends products to customers based on their past purchases and browsing history.
Transportation: MEC is being used to develop new transportation applications such as self-driving cars, smart traffic lights, and real-time traffic monitoring. For example, a transportation company could use MEC to develop a system that provides real-time traffic information to drivers to help them avoid congestion.
Logistics: MEC is being used to improve the efficiency of logistics operations. For example, a logistics company could use MEC to develop a system that tracks the movement of goods in real time and identifies potential delays.

As MEC becomes more widely adopted, we can expect to see even more new and innovative applications emerge in a variety of verticals.

Here are some specific examples of new verticals where MEC is expected to have a significant impact:

Smart cities: MEC can be used to develop a variety of smart city applications, such as real-time traffic monitoring, smart parking, and smart lighting.
Internet of Things (IoT): MEC can be used to connect and manage IoT devices in a more efficient and secure manner.
Agriculture: MEC can be used to develop new agricultural applications, such as precision farming and livestock monitoring.
Energy: MEC can be used to develop new energy applications, such as smart grids and demand response.

The expansion of MEC into new verticals is a positive trend. MEC has the potential to transform the way we live and work in a variety of industries.

3. Development of new MEC-enabled applications

As MEC becomes more widely adopted, we will see the development of new and innovative applications that take advantage of its unique capabilities.

Here are some specific examples of new MEC-enabled applications that are currently being developed:

Augmented reality (AR) and virtual reality (VR) applications: MEC can be used to deliver AR and VR applications with lower latency and better performance. This will enable new and immersive AR and VR experiences that were not possible before.
Self-driving cars: MEC can be used to provide self-driving cars with real-time information about their surroundings, such as traffic conditions and road hazards. This will help self-driving cars to operate more safely and efficiently.
Internet of Things (IoT) applications: MEC can be used to connect and manage IoT devices in a more efficient and secure manner. This will enable new and innovative IoT applications, such as smart cities and smart factories.
Industrial automation: MEC can be used to improve the efficiency and productivity of industrial automation processes. For example, MEC can be used to develop systems that track the movement of materials in real time and identify bottlenecks.
Medical devices: MEC can be used to develop new medical devices that are more efficient and effective. For example, MEC can be used to develop devices that can be used to remotely monitor patients in their homes.

These are just a few examples of the many new MEC-enabled applications that are currently being developed. As MEC becomes more widely adopted, we can expect to see even more innovative and exciting applications emerge.

Also Read: Top 10 reasons why VR is the future of entertainment

Here are some specific examples of companies that are developing new MEC-enabled applications:

Verizon: Verizon is developing a variety of MEC-enabled applications, including AR/VR applications, self-driving car applications, and IoT applications.
Qualcomm: Qualcomm is developing a MEC platform that will make it easier for developers to build and deploy MEC-enabled applications.
Intel: Intel is developing MEC-enabled chips that will provide the computing power and bandwidth needed to support new MEC-enabled applications.
Microsoft: Microsoft is developing a MEC platform that will integrate with its cloud computing platform.
Google: Google is developing a MEC platform that will support its AI and machine learning applications.

These companies are just a few of the many companies that are developing new MEC-enabled applications. As MEC becomes more widely adopted, we can expect to see even more companies entering this market.

The development of new MEC-enabled applications is a positive trend. MEC has the potential to enable new and innovative applications that were not possible before. This has the potential to improve our lives in many ways.

Also Read: Top 10 Augmented Reality Development Companies in the World

4. Improvements in MEC performance and scalability

Verizon is constantly working to improve the performance and scalability of its MEC platform. This is being done through a number of initiatives, including:

Using new technologies: Verizon is using new technologies, such as containerization and virtualization, to make its MEC platform more scalable and efficient.
Deploying more MEC nodes: Verizon is deploying more MEC nodes closer to the end user. This will help to reduce latency and improve performance.
Optimizing MEC applications: Verizon is working with developers to optimize their MEC applications for performance and scalability.

As a result of these initiatives, Verizon is seeing significant improvements in the performance and scalability of its MEC platform. For example, Verizon has been able to reduce latency by up to 50% and improve throughput by up to 200%.

These improvements in performance and scalability will make MEC more attractive to businesses that need to run mission-critical applications. It will also make MEC more suitable for supporting new and innovative applications, such as AR/VR and self-driving cars.

Here are some specific examples of how Verizon is improving the performance and scalability of its MEC platform:

Using containerization: Verizon is using containerization to make its MEC platform more scalable and efficient. Containers allow different applications to run on the same MEC node without interfering with each other. This can help to improve the utilization of MEC resources and reduce costs.
Deploying more MEC nodes: Verizon is deploying more MEC nodes closer to the end user. This will help to reduce latency and improve performance. For example, Verizon has deployed MEC nodes in shopping malls, airports, and other public places.
Optimizing MEC applications: Verizon is working with developers to optimize their MEC applications for performance and scalability. For example, Verizon has worked with developers to optimize AR/VR applications for MEC.

These are just a few examples of how Verizon is improving the performance and scalability of its MEC platform. As Verizon continues to invest in MEC, we can expect to see even more improvements in performance and scalability in the future.

The improvements in MEC performance and scalability are a positive trend. MEC is becoming more and more capable of supporting mission-critical applications and new and innovative applications. This is making MEC more attractive to businesses and consumers.

5. Reduced costs of MEC deployment and operation

Verizon is also making MEC more affordable for businesses by reducing the costs of deployment and operation. This is being done through a number of initiatives, including:

Using open source software: Verizon is using open source software to reduce the cost of deploying and operating MEC nodes. Open source software is free to use and modify, which can save businesses a significant amount of money.
Partnering with other companies: Verizon is partnering with other companies to develop and deploy MEC solutions. This can help to reduce the cost of MEC for businesses, as they can share the cost of development and deployment with other companies.
Offering cloud-based MEC services: Verizon is offering cloud-based MEC services, which can be more affordable for businesses than deploying and operating their own MEC nodes.

As a result of these initiatives, Verizon is able to offer MEC services at a competitive price. This is making MEC more accessible to businesses of all sizes.

Here are some specific examples of how Verizon is reducing the costs of MEC deployment and operation:

Using open source software: Verizon is using open source software, such as Kubernetes and OpenStack, to deploy and operate MEC nodes. This can save businesses a significant amount of money on licensing fees.
Partnering with other companies: Verizon is partnering with other companies, such as Qualcomm and Intel, to develop and deploy MEC solutions. This can help to reduce the cost of MEC for businesses, as they can share the cost of development and deployment with other companies.
Offering cloud-based MEC services: Verizon is offering cloud-based MEC services, such as Edge Compute Platform and Edge Compute as a Service. This can be more affordable for businesses than deploying and operating their own MEC nodes, as they can scale their MEC usage up or down as needed.

These are just a few examples of how Verizon is reducing the costs of MEC deployment and operation. As Verizon continues to invest in MEC, we can expect to see even more cost-saving initiatives in the future.

The reduced costs of MEC deployment and operation are a positive trend. MEC is becoming more affordable for businesses of all sizes, which is making it more attractive to adopt.

6. Increased collaboration between Verizon and other industry players

Verizon is collaborating with other industry players to develop new MEC standards and best practices. This is being done through a number of initiatives, including:

Participating in industry organizations: Verizon is participating in industry organizations, such as the Open Networking Foundation (ONF) and the Telecom Infra Project (TIP), to develop new MEC standards and best practices.
Partnering with other companies: Verizon is partnering with other companies, such as Qualcomm and Intel, to develop and deploy MEC solutions.
Working with government agencies: Verizon is working with government agencies, such as the US Department of Commerce, to develop policies and regulations that support the adoption of MEC.

As a result of these initiatives, Verizon is playing a leading role in the development of MEC standards and best practices. This will help to ensure that MEC is deployed and used in a consistent and efficient manner.

Here are some specific examples of how Verizon is collaborating with other industry players:

Participating in industry organizations: Verizon is a member of the ONF and the TIP, which are two organizations that are developing new MEC standards and best practices.
Partnering with other companies: Verizon is partnering with Qualcomm and Intel to develop and deploy MEC solutions. For example, Verizon and Qualcomm are working together to develop a MEC platform that will support Qualcomm’s 5G chipsets.
Working with government agencies: Verizon is working with the US Department of Commerce to develop policies and regulations that support the adoption of MEC. For example, Verizon is working with the Department of Commerce to develop a framework for testing and certifying MEC solutions.

These are just a few examples of how Verizon is collaborating with other industry players. As Verizon continues to invest in MEC, we can expect to see even more collaboration between Verizon and other industry players in the future.

The increased collaboration between Verizon and other industry players is a positive trend. It is helping to accelerate the development of MEC standards and best practices. This will make it easier for businesses to adopt MEC and develop new and innovative applications.

Overall, the increased adoption of MEC by businesses of all sizes, the expansion of MEC into new verticals, the development of new MEC-enabled applications, the improvements in MEC performance and scalability, the reduced costs of MEC deployment and operation, and the increased collaboration between Verizon and other industry players are all positive trends that will help to drive the adoption of MEC in the coming years.

7. Government support for MEC adoption

Governments around the world are recognizing the potential benefits of MEC, and they are supporting its adoption through policies and regulations.

Here are some specific examples of government support for MEC adoption:

The European Union (EU): The EU is supporting the adoption of MEC through its 5G Action Plan. The Action Plan includes a number of initiatives to promote the development and deployment of MEC, such as funding research and development projects and providing grants to businesses that adopt MEC.
The United States (US): The US government is supporting the adoption of MEC through its National Artificial Intelligence Initiative. The initiative includes a number of initiatives to promote the development and deployment of MEC-enabled AI applications, such as funding research and development projects and providing grants to businesses that develop MEC-enabled AI applications.
China: The Chinese government is supporting the adoption of MEC through its Made in China 2025 initiative. The initiative includes a number of initiatives to promote the development and deployment of MEC-enabled technologies, such as funding research and development projects and providing subsidies to businesses that adopt MEC.

These are just a few examples of government support for MEC adoption. As governments around the world recognize the potential benefits of MEC, we can expect to see even more government support for MEC adoption in the future.

Government support for MEC adoption is a positive trend. It is helping to accelerate the development and deployment of MEC. This will make it easier for businesses to adopt MEC and develop new and innovative applications.

In addition to the above, governments can also support MEC adoption by:

Investing in research and development: Governments can invest in research and development to help accelerate the development of new MEC technologies.
Providing funding and grants: Governments can provide funding and grants to businesses that adopt MEC and develop new MEC-enabled applications.
Developing policies and regulations: Governments can develop policies and regulations that support the adoption of MEC, such as policies that encourage the sharing of data and resources between different businesses and organizations.
Educating the public: Governments can educate the public about the benefits of MEC and how it can be used to improve their lives.

By taking these steps, governments can help to accelerate the adoption of MEC and make it more accessible to businesses and consumers of all sizes.

8. Increased awareness of MEC among consumers

As MEC-enabled applications become more widely available, consumers are becoming more aware of the benefits of MEC. For example, consumers are starting to see the benefits of MEC in applications such as augmented reality (AR) and virtual reality (VR). AR and VR applications require low latency and high bandwidth, and MEC can provide these requirements.

Consumers are also becoming aware of the benefits of MEC in applications such as self-driving cars and smart cities. Self-driving cars need to be able to process a lot of data in real time, and MEC can provide the computing power and bandwidth needed to do this. Smart cities need to be able to collect and process data from a variety of sources, and MEC can provide the infrastructure needed to do this.

As consumers become more aware of the benefits of MEC, they will demand more MEC-enabled applications. This will drive the adoption of MEC and make it more accessible to businesses and consumers of all sizes.

Here are some specific examples of how consumers are becoming more aware of MEC:

News and media coverage: News and media outlets are increasingly reporting on the benefits of MEC and how it is being used in new and innovative applications.
Product marketing: Businesses are starting to market their MEC-enabled products and services to consumers.
Consumer education: Governments and industry organizations are starting to educate consumers about the benefits of MEC and how it can be used to improve their lives.

These are just a few examples of how consumers are becoming more aware of MEC. As MEC-enabled applications become more widely available, consumers will become even more aware of the benefits of MEC.

The increased awareness of MEC among consumers is a positive trend. It is helping to drive the adoption of MEC and make it more accessible to businesses and consumers of all sizes.

Overall, the increased adoption of MEC by businesses of all sizes, the expansion of MEC into new verticals, the development of new MEC-enabled applications, the improvements in MEC performance and scalability, the reduced costs of MEC deployment and operation, the increased collaboration between Verizon and other industry players, and the increased awareness of MEC among consumers are all positive trends that will help to drive the adoption of MEC in the coming years.

9. Development of new MEC-enabled hardware and software

As MEC becomes more widely adopted, we can expect to see the development of new MEC-enabled hardware and software. This will make it easier for businesses and consumers to take advantage of the benefits of MEC.

Here are some specific examples of new MEC-enabled hardware and software that is being developed:

MEC-enabled chipsets: Chipmakers are developing MEC-enabled chipsets that can be used to power MEC nodes. These chipsets will provide the computing power and bandwidth needed to support new and innovative MEC-enabled applications.
MEC-enabled software platforms: Software developers are developing MEC-enabled software platforms that make it easier for businesses to develop and deploy MEC-enabled applications. These platforms will provide businesses with the tools they need to take advantage of the benefits of MEC.
MEC-enabled edge devices: Edge device manufacturers are developing MEC-enabled edge devices. These devices will be able to connect to MEC nodes and offload processing and storage tasks to the MEC node. This will improve the performance and responsiveness of MEC-enabled applications.

These are just a few examples of new MEC-enabled hardware and software that is being developed. As MEC becomes more widely adopted, we can expect to see even more new and innovative MEC-enabled hardware and software emerge.

The development of new MEC-enabled hardware and software is a positive trend. It will make it easier for businesses and consumers to take advantage of the benefits of MEC. This will help to drive the adoption of MEC and make it more accessible to a wider range of businesses and consumers.

Overall, the increased adoption of MEC by businesses of all sizes, the expansion of MEC into new verticals, the development of new MEC-enabled applications, the improvements in MEC performance and scalability, the reduced costs of MEC deployment and operation, the increased collaboration between Verizon and other industry players, the increased awareness of MEC among consumers, and the development of new MEC-enabled hardware and software are all positive trends that will help to drive the adoption of MEC in the coming years.

10. Standardization of MEC technologies

Standardization of MEC technologies is important for a number of reasons. First, it will help to ensure that MEC nodes from different vendors can interoperate with each other. This will make it easier for businesses to develop and deploy MEC-enabled applications.

Second, standardization will help to reduce the cost of MEC deployment and operation. By using standardized MEC technologies, businesses will not have to worry about vendor lock-in. This will make MEC more affordable for businesses of all sizes.

Third, standardization will help to promote the adoption of MEC. By having a common set of MEC technologies, businesses and consumers will be more confident about investing in MEC.

There are a number of organizations that are working on the standardization of MEC technologies. These organizations include:

Open Networking Foundation (ONF): The ONF is developing standards for MEC platforms and applications.
Telecom Infra Project (TIP): The TIP is developing standards for MEC infrastructure.
3GPP: The 3GPP is developing standards for MEC integration with cellular networks.

These organizations are working together to develop a common set of MEC standards that will help to ensure the interoperability and adoption of MEC.

The standardization of MEC technologies is a positive trend. It will help to make MEC more accessible and affordable for businesses and consumers of all sizes. This will help to drive the adoption of MEC and make it more widely used.

Overall, the increased adoption of MEC by businesses of all sizes, the expansion of MEC into new verticals, the development of new MEC-enabled applications, the improvements in MEC performance and scalability, the reduced costs of MEC deployment and operation, the increased collaboration between Verizon and other industry players, the increased awareness of MEC among consumers, the development of new MEC-enabled hardware and software, and the standardization of MEC technologies are all positive trends that will help to drive the adoption of MEC in the coming years.

Also Read: Top 10 Verizon MEC Benefits for Businesses

Conclusion

In conclusion, 2023 promises to be an exciting year for Verizon’s Mobile Edge Computing. The trends mentioned above are just a glimpse of what’s in store.These trends are all positive developments for the MEC industry. They indicate that MEC is becoming more widely adopted and is being used to develop new and innovative applications. As MEC continues to evolve, we can expect to see even more exciting and innovative applications emerge.

MEC has the potential to revolutionize the way we live and work. By bringing computing and storage closer to the end user, MEC can enable new and innovative applications that were not possible before. The trends listed above are just a few of the many ways that MEC is changing the world. In 2023, we can expect to see even more exciting developments in the MEC industry. Verizon is leading the way in MEC innovation, and the company is committed to bringing new and innovative MEC solutions to market.

FAQs

What is Verizon MEC?

Verizon MEC is a mobile edge computing platform that brings computing and storage closer to the end user. This can improve the performance and responsiveness of applications, reduce latency, and enable new and innovative applications.

What are the benefits of Verizon MEC?

Verizon MEC offers a number of benefits, including:

Improved performance and responsiveness of applications
Reduced latency
Enablement of new and innovative applications
Increased security
Reduced costs

What are some of the use cases for Verizon MEC?

Verizon MEC can be used for a variety of use cases, including:

Augmented reality and virtual reality
Self-driving cars
Smart cities
Industrial automation
Healthcare
Financial services
Gaming

What are the trends in Verizon MEC?

The following are some of the trends in Verizon MEC:

Increased adoption by businesses of all sizes
Expansion into new verticals
Development of new MEC-enabled applications
Improvements in MEC performance and scalability
Reduced costs of MEC deployment and operation
Increased collaboration between Verizon and other industry players
Increased awareness of MEC among consumers
Development of new MEC-enabled hardware and software
Standardization of MEC technologies
New MEC-enabled use cases in emerging industries

What is the future of Verizon MEC?

Verizon MEC is still a relatively new technology, but it has the potential to revolutionize the way we live and work. As MEC continues to evolve, we can expect to see even more exciting and innovative applications emerge.

Is Verizon MEC secure?

Verizon MEC is designed to be secure. The company uses a variety of security measures to protect customer data and applications.

Is Verizon MEC affordable?

Verizon MEC can be affordable for businesses of all sizes. The company offers a variety of pricing options to meet the needs of different businesses.

How can I learn more about Verizon MEC?

There are a number of resources available to learn more about Verizon MEC. The company offers a website with information about MEC, as well as white papers, case studies, and other resources. The company also offers a number of training courses on MEC.