Fog Computing Market Size and Growth Rate:
The fog computing market is projected to grow from USD XX Million in 2018 to reach USD XX Million by 2025, at a CAGR of XX% during the forecast period 2018 to 2025.
Fog computing, also known as fog networking, is a decentralized computing infrastructure that is possible to emerge as next generation cloud computing. Growing adoption of smart devices to facilitate smart grids, smart cities, smart buildings, vehicle networks and software defined networks is likely to boost growth of the global market. North America presently leads the fog computing market and going forward too, is slated to maintain its leading position.
Fog Computing Market Drivers and Restraints:
Growing adoption of smart devices to facilitate smart grids, smart cities, smart buildings, vehicle networks and software defined networks is likely to boost growth of the global fog computing market. The adoption of fog computing technology is expected to grow in part with the growth of connected devices and cloud infrastructure. Other major drivers for the growth of fog computing are bandwidth limitations and low latency of current IoT infrastructure, growing need of real-time applications, increased awareness of data security, and need for performing analytics at the edge of the network.
Fog computing is also finding application in building and home automation, smart energy, connected health, transportation and logistics, smart manufacturing, security and emergencies systems among others. The demand for fog computing is also driven by the requirement for managing enormous amount of data which is produced by the sensors. Further fog computing enables portability, the fog enables the cloud to be more conveniently positioned to act and produce on Internet of things (IoT) data.
Non-existence of government standard for fog computing and lack of availability of technological skills are issues that are restraining the market growth. There is a lot of growth opportunity in system integrators platform providers’ communication technology. This is anticipated to drive the market over the near future. Other factors like growth opportunity in cloud service provider are another occasion for the growth of market.
Fog Computing Market Regional Analysis:
North America presently leads the global fog computing market and going forward too, is slated to maintain its leading position on the back of considerable investments made in the region to develop this technology. High penetration rate of the fog computing technology is principally responsible for the growth in market of North America. The U.S. and Canada in North America are amid the most technically advanced countries in the world and are leading in the adoption of latest technologies, thus providing vast opportunities for the fog computing technology in this region.
Europe fog computing market follows next as various industry verticals are understanding the importance of shifting to internet of things and fog computing. APEJ and MEA regions are soon picking up pace in the fog computing market owing to upsurge in awareness of making use of this technology over cloud computing.
Some of the Prominent Companies leading the Global Fog Computing Market Profiled in the Report are:
- Cradlepoint, Inc
- PrismTech
- FogHorn Systems
- Cisco Systems, Inc
- Crosser Technologies
- Nebbiolo Technologies
- Microsoft Corporation
- Intel Corporation
- Fujitsu
- Arm Holding Plc
- ADLINK Technology Inc
The Research Report segments the Fog Computing Market into the following submarkets:
By Type:
By Service:
- Professional Service
- Training Service
By Application:
- Smart Homes/Smart Cities
- Smart Energy
- Smart Manufacturing
- Connected Healthcare
- Smart Transport
Fog Computing Market – By Region:
- North America
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Latin America
- Middle-East & Africa
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