The recent analysis conducted by Frost & Sullivan on 5G and edge computing revealed that edge computing will likely be the fundamental technology for industrial enterprises.
Edge computing offers robust security, shorter latencies, lower costs, and responsive data collection.
According to Frost & Sullivan, 90% of the industrial enterprises will adopt edge computing by 2022, which is an evolving technology. Edge computing focuses on bringing the computing as close as possible to the source of the data to reduce latency and bandwidth use.
Edge computing is done by running fewer processes in the cloud and moving such processes to a local place like the user`s computer, or an IoT device or an edge server. The recent analysis conducted by Frost & Sullivan finds that edge computing is the fundamental technology for industrial enterprises as it offers responsive data collection, lower costs, shorter latencies, and robust security.
The edge computing, according to the research firm can be used across various applications such as autonomous assets, remote asset monitoring, autonomous robotics, and vehicles, data extraction from standard assets, and smart factories.
The computing power is brought close to customers by the recent launch of 5G technology coupled with multi-access edge computing.
According to Renato Pasquini, who is the Research Director of Information & Communication Technologies at Frost & Sullivan, multi-access edge computing along with 5G technology helps the customers to bring new applications and experiences.
The market`s streaming media requirements for now and for the future can be met by the combination of 5G and Edge computing technologies.
5G and Edge computing can be used in creating new developments in Augmented Reality (AR) and Virtual Reality (VR) which can be used in games. The companies which are looking to bring innovations can utilize these technologies.
Edge computing can be used to work on meeting the solutions and requirements for connected and autonomous cars by the telecom operators. The amount of long-distance communication that has to happen between the client and the server can be minimized by bringing computation to the network`s edge.
Frost & Sullivan expects the Mobile Edge Computing market to grow at an annual growth rate of 157% and generating a revenue of 7.23 billion dollars by 2024 from 64.1 million dollars in 2019.