Edge computing pushes intelligence, data processing, analytics, and communication capabilities to where the data originates: at network gateways or endpoints. The aim is to reduce latency and ensure efficient networks, operations, service delivery, and an improved user experience. By bringing computing closer to the data source, edge computing enables latency-sensitive computing and greater business agility through better control and faster insights. It also lowers operating expenses, resulting in more efficient network bandwidth support.
The European Telecommunications Standards Institute states that multi-access edge computing (MEC) provides cloud computing capabilities and an IT service environment at the network edge for application developers and content providers. This environment is marked by ultra-low latency, high bandwidth, and real-time access to radio network information that applications can utilize. MEC introduces a new ecosystem and value chain, enabling operators to open their radio access network edge to authorized third parties. This allows for the flexible and rapid deployment of innovative applications and services to mobile subscribers, enterprises, and vertical segments.
5G and MEC technologies drive innovation for consumers and businesses. 5G technology offers lower latency and higher capacity; together with MEC, it brings computing power close to customers, enabling new applications and experiences.
MEC offers improved customer experience, application performance, agility, and speed to market, which will benefit customer applications in public networks and enterprise applications in public and private networks.
The global MEC market evolved quickly in 2021, with more telecom operators and cloud providers reaching agreements and commercializing their offerings.
Telecom operators cannot implement and run MEC alone. They must establish partnerships and an application ecosystem to seize growth opportunities and have started partnering with cloud providers to boost the ecosystem and propel exponential growth.
Three major computing revolutions have occurred in industrial applications: mainframe, client server, and cloud computing. Picking up where these paradigms left off, edge computing is establishing itself as a foundational technology for industrial enterprises, offering shorter latencies, robust security, responsive data collection, and lower costs. It is relevant in hyperconnected industrial environments because its solution-agnostic nature enables its use in applications including autonomous assets, remote asset monitoring, data extraction from stranded assets, autonomous robotics, autonomous vehicles, smart factories, oilfield operations management, machine monitoring, and smart campuses.
Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.
Private Multi-access Edge Computing 2023
- Private Multi-access Edge Computing
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
- Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. - Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. - Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. - Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? - Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
- INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. - RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. - PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. - MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. - CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
- GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. - BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. - COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. - CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. - PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
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Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
| Deliverable Type | Frost Radar |
|---|---|
| Author | Renato Pasquini |
| Industries | Information Technology |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Multi-Access Edge Computing |
| Keyword 2 | Private Edge Computing |
| Keyword 3 | Edge Computing Solutions |
| Podcast | No |
| WIP Number | K801-01-00-00-00 |
Frost Radar™: Private Multi-access Edge Computing, 2023
A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines
18-Dec-2023
Global
Frost Radar