This white paper discusses the significance of edge computing in conjunction with 5G networks, highlighting its benefits like low latency and increased bandwidth for various stakeholders, particularly infrastructure owners and software developers. It reviews standardization efforts by organizations such as ETSI and 3GPP, focusing on Multi-Access Edge Computing (MEC) and the challenges faced in its deployment. The document also presents deployment considerations and an exemplary case study for the automotive sector, illustrating the application development perspective.