The Fog Computing market is growing rapidly. Increased penetration of internet of things and growing demand of bring your own device is expected to drive the fog computing market globally. Fog computing enhances efficiency and supports in reducing the size of the data which would be uploaded to the cloud for the purpose of analysis, data processing and storage. It also helps in enhancing compliance and security for the end users.
The factors driving the fog computing includes requirement of analytics at the edge of networks, limitation of bandwidth for IoT infrastructure and enhancement of real-time operations. Whereas, government standard for fog computing and lack of availability of technological skills in fog computing are factors which are restraining the fog computing market growth. Moreover, the raising demand of machine to machine communication and proliferation of smart sensors also exhibits as a major driver in the growth of the Fog Computing Market.
It has been observed that connected devices and automation enabled by the IoT are used to streamline the processes that is further used to improve operational efficiencies and increase the productivity of the businesses by reducing the costs and increase output. Especially in case of industrial businesses fog computing is used for fast processing of data and for low latency consumption
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Market Research Future (MRFR) recognizes the following companies as the key players in the Fog Computing Market: – Cisco Systems Inc. (U.S.), Microsoft Corporation (U.S.), Dell Inc. (U.S.), Toshiba Corporation (Japan), Intel Corporation (U.S.), Fujitsu (Japan), ARM Ltd. (U.K.), Schneider Electric Software, LLC (Japan), PrismTech Corporation (U.S.), and Nebbiolo Technologies (U.S.) among others.
The regional analysis of fog computing is being studied for region such as Asia pacific, North America, Europe and Rest of the World. It has been observed that North America would dominate the fog computing market owing to factors such as increasing adoption of internet of things in applications such as smart homes and connected healthcare. The various players contributing in the development of fog computing market are located in North America such as Cisco Systems Inc. (U.S.), Microsoft Corporation (U.S.), and Dell Inc. (U.S.) among others.
Asia Pacific fog computing market is expected to show a positive growth over the forecast period owing to factors such as growing interest of the government, cloud and data centre companies, trade associations and non-governmental organizations towards cloud computing and digital economy.
Fog Computing Market Segmentation
The Fog Computing Market has been segmented on the basis of types and application. The revenue source comprises of hardware and software. The study indicates that the hardware would hold a major share in the fog computing market and software will grow at high CAGR in the Forecast period. The application verticals comprise of Smart Energy, Smart Buildings and Home Automation, Transportation, Healthcare, Smart Industries/Manufacturing among others. The study indicates that smart energy and smart manufacturing segment has a larger share in the fog computing market.
- Small & Large Enterprises
- Government Bodies
- IT & Telecommunications Companies
- Healthcare organizations
- Utilities Companies
- Smart Energy Organizations
- Financial organizations
- Data center Companies
- IT infrastructure providers
- Software providers
- System integrators
- Network service providers
- Cloud providers
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
The Fog computing market is segmented by type and by application. The market by type has been further segmented into hardware and software. The hardware segment is further segmented into servers, switches, routers, gateways and controller. Software has been further segmented into customized application software and fog computing platform. The fog computing market by application is segmented into smart energy, building & home automation, smart manufacturing, connected health, transportation & logistics, security and emergencies systems among others. The software segment in the fog computing market segmented by component is expected to account for the largest revenue share.
Smart manufacturing applications in the fog computing market segmented by application are expected to grow at the fastest rate. High demand for process automation across a wide range of industry is expected to drive the smart manufacturing application segment in the fog computing market.
By Region, North America region has been leading the Fog Computing market. Many factors such as high penetration of IoT and government initiatives towards fog computing have credited to the growth of Fog Computing market in North America region. North America region is followed by Europe region showing a positive growth in the Fog Computing Market. It has been observed that Asia-Pacific countries like China, Japan and India would enhance the Fog Computing market by the forecast period.
For the purpose of this study, the global Fog Computing market has been segmented on the basis of equipment and end user industries. The report on Fog Computing contains detailed analysis with market size of each segment.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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