90% of Industrial Enterprises will Utilize Edge Computing by 2022, Finds Frost & Sullivan

Multi-access edge computing market to reach $7.23 billion by 2024

Frost & Sullivan's recent analysis, 5G and Edge Computing—Cloud Workloads Shifting to the Edge, Forecast to 2024, finds that edge computing is a foundational technology for industrial enterprises as it offers shorter latencies, robust security, responsive data collection, and lower costs. In this hyper-connected industrial environment, edge computing, with its solution-agnostic attribute, can be used across various applications, such as autonomous assets, remote asset monitoring, data extraction from stranded assets, autonomous robotics, autonomous vehicles, and smart factories. Despite being in a nascent stage, the multi-access edge computing (MEC) market—an edge computing commercial offering from operators in wireless networks—is estimated to grow at an astounding compound annual growth rate of 157.4%, garnering a revenue of $7.23 billion by 2024 from $64.1 million in 2019.

For further information on this analysis, please visit: http://frost.ly/4f9

"The recent launch of the 5G technology coupled with MEC brings computing power close to customers and also allows the emergence of new applications and experiences for them," said Renato Pasquini, Information & Communication Technologies Research Director at Frost & Sullivan. "Going forward, 5G and MEC are an opportunity for telecom operators to launch innovative offerings and also enable an ecosystem to flourish in the business-to-business (B2B) segment of telecom service providers using the platform."

Pasquini added: "From the perspective of the MEC ecosystem, software—edge application and solutions—promises the highest CAGR followed by services—telecom operators' services, cloud providers' infrastructure-as-a-service, and edge data center colocation services."

Frost & Sullivan predicts that approximately 90% of industrial enterprises will utilize edge computing by 2022, presenting immense growth prospects for MEC market participants, including:

• Telecom operators should work on solutions and services to meet the requirements for connected and autonomous cars.


• System integrators should provide end-to-end solutions, which would be a significant value addition for enterprises because 5G requires specific skillsets.


• The combination of 5G and the new specialized hardware-based mobile edge compute technologies can meet the market's streaming media needs now and in the future.


• Telecom operators must partner with cloud providers and companies with abilities related to artificial intelligence, machine learning, and computer vision to design solutions for autonomous cars, drone delivery, and others.


• Companies in the MEC space must capitalize on the opportunity for innovation and new developments that utilize 5G and MEC, such as augmented reality (AR) and virtual reality (VR), which can also be applied to games.

5G and Edge Computing—Cloud Workloads Shifting to the Edge, Forecast to 2024 is the latest addition to Frost & Sullivan's Information & Communication Technologies research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

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Industrial 5G to Drive Industry 4.0 Revolution in India

5G technologies promise to bring along immense opportunities to revolutionize our lives, it also holds special importance for Industries as 5G can play a key role in achieving goals of Industrial Automation. In view of the potential ahead, COAI in partnership with the 5G Alliance for Connected Industries and Automation (5G-ACIA) and 5G India Forum (5GIF) today organized a joint webinar on "Making Industry 4.0 Happen With 5G" to discuss the Industrial Automation landscape and opportunities. The event witnessed presentations from Dr. Andreas Mueller (Bosch), General Chair of 5G-ACIA and Dr. Afif Osseiran (Ericsson), General Vice-Chair of 5G-ACIA on "5G for Industrial IoT - An overview and Industrial use cases and requirements".

The webinar also witnessed a panel discussion on making Industry 4.0 happen with 5G, the panel included Dr. Nagahanumaiah, Director, CMIT; Ms. Monika Gupta, Vice President, Global 5G Engineering Lead, Capgemini; Mr. Jayant Moghe, Senior VP - Network Solutions, Mavenir; Mr. Ankit Bhargava, Principal Consultant-Industry 4.0, Tech Mahindra and Dr. Sunil Jha, Automation Lab, Dept. Mech Engg., IIT. The session was moderated by Dr. Sendil Devar, Ericsson.

Automation with industrial IoT is the ability to connect sensors, devices, equipment, software applications, manufacturing production processes, workers, and end consumers and 5G technologies will be even more significant for enterprises to support the rigorous requirements of critical communications.

The event brainstormed to identify the requirement of industry verticals and readiness of Indian ecosystem partners to provide the reliable connectivity, infrastructure and services. The event witnessed participation from TSPs, Telecom OEMs, Manufacturing industry players, System Integrations who will play critical role in furthering Industry 4.0 in India to stimulate and accelerate the digitization road map of the industries.

Speaking at the event, Lt. Gen Dr. SP Kochhar, Director General, COAI said, "We at COAI are delighted to have this partnership with 5G-ACIA. To make Industry 4.0 Happen with 5G, there is a need to collaborate across verticals with telecom operators and manufacturers to see how 5G gets commercially deployed in the country and to ensure that all possible industry verticals and Government work in sync for developing the ecosystem."

During the event Dr. Andreas Mueller (BOSCH), General Chair, 5G-ACIA, shared his opinion stating, "5G may lift Industry 4.0 to the next level and enable unprecedented degrees of flexibility, productivity and efficiency in industrial manufacturing. 5G-ACIA is happy to collaborate with COAI to jointly pave the way for the success of Industrial 5G in India and around the globe."

Sharing his thoughts during the event, Dr. Afif Osseiran (Ericsson), General Vice Chair, 5G-ACIA, stated "India is one of the top 10 manufacturing globally. Efforts have recently been made to accelerate the progress in Industry 4.0 both by the government and industries in cities like Pune, Chennai. 5G-ACIA alliance hopes by having a closer collaboration with COAI and 5GIF, this will further raise awareness about industrial 5G and how manufacturing use cases can leverage from 5G. Further, in order to deliver a vital 5G ecosystem for automation industries major stakeholders including vertical industries, MNOs and regulators have an important role to play."

5G-ACIA is the central global forum for shaping 5G in the industrial domain. On one platform, various industries from all over the world jointly create a new ICT and OT ecosystem and set the frameworks for a highly attractive emerging market.

About 5GIF

5G India Forum (5GIF) - an industry collaborative forum, was established to enable synergizing the national efforts and play a significant role in shaping the strategic, commercial and regulatory development of the 5G ecosystem in India.

About COAI

COAI was constituted in 1995 as a registered, non-governmental society. COAI's vision is to establish India as the global leader of innovative mobile communications infrastructure, products and services and achieving a national teledensity of 100%, including broadband. The association is also dedicated to the advancement of modern communication and towards delivering the benefits of innovative and affordable mobile communication services to the people of India.

About 5G-ACIA

The 5G Alliance for Connected Industries and Automation (5G-ACIA) is the central global forum for shaping industrial 5G standards. 5G-ACIA members jointly prepare for the disruptive change 5G will bring, promote a better understanding of industrial needs, and gain insights into a highly attractive emerging market. 5G-ACIA provides a unique global platform for OT and ICT companies, academia, and all relevant stakeholders to influence 5G development and deployment in line with industrial imperatives. They make the results of their work directly available to 3GPP, the main standardization body for developing 5G. 5G-ACIA is a market representation partner of 3GPP and has the formal status of a working party of ZVEI e.V.

For more information, please visit: www.5g-acia.org.