Fog Computing Market: Global Industry Analysis and Forecast (2022-2029)

Fog Computing Market is expected to grow at a CAGR of 54.97 % over the forecast period 2022-2029, to account for US$ 1.63 Bn in 2029.

Fog Computing Market Overview:

Fog computing is a decentralised computing framework that allows end devices and computing data centres to share processing, storage, control, and networking capabilities. It minimises the quantity of data that needs to be sent to the cloud, saving network capacity and reducing the system's reaction time. Global Fog Computing MarketTo know about the Research Methodology :- Request Free Sample Report The MMR report studies the effectiveness of fog computing on a global, regional, and company level. This research analyses historical data and future prospects to depict the Fog Computing market size from a global viewpoint.

Fog Computing Market Trends:

• Emerging Trend of Connected & Modern Vehicles Is Positively Prompting the Deployment of Fog Computing Displays for Car-To-Car Connectivity. • The IoT has become more popular as a result of the agility and flexibility of big data solutions. • The increasing awareness about the advantages related with fog computing solutions is growing their sales over cloud computing. • Many countries' governments are investing in the development of smart cities, resulting in a good market outlook.

Global Fog Computing Market Dynamics:

The research comprehensively studies and explains the dynamics of the Global Fog Computing Market, allowing readers to better understand emerging market trends, drivers, restraints, opportunities, and challenges on a global and regional level for the Global Fog Computing Market. The following are some of the drivers and restraints; their complete explanations are given in the study along with other supporting evidence: • The Growing Demand For Connected Devices is Propelling The Fog Computing Market Forward: It is mostly attributed to the increased usage of machine-to-machine communication and Internet of Things connectivity, as well as the need for real-time computing, particularly in time-critical processes. The shift in the developed countries investment into IoT and Artificial Intelligence (AI) is highlighting the intention to experience advantageous technological results. As a result, smart technology such as fog computing is becoming more important in each industry. According to the Centers for Medicare & Medicaid Services, the total cost of healthcare in the United States was $3.5 trillion in 2017. The United States, the United Kingdom, China, Japan, and India are the most active economies in terms of investments, particularly in IoT with AI for a variety of healthcare applications. In the healthcare industry, IoT-enabled devices have made remote monitoring possible. • For Real-Time Applications, Low Latency And High Scalability Are Required. Real-time data processing is required for mission-critical applications such as cloud robotics, fly-by-wire aircraft control, and car anti-lock brakes. The information acquired by the sensors and the control system feedback are directly dependent on the control and management of the operations. The sense-process-actuate loops may be negatively impacted or unavailable due to communication failures if the control system is run on the cloud. However, because fog computing has a low latency requirement, it can be used to do control system processing, allowing for real-time responsiveness. • The Major Challenge of the Fog Computing Sector is Security Concerns. The fog computing industry's growth is being stifled by a lack of sufficient standardisation in the deployment of fog computing, as well as quote experts. End users are expected to experience inconsistency as a result of this, as evidenced by unavailable information and diminished data retrieval. The fog, on the other hand, receives certain cloud computing security concerns, such as IP address spoofing, privacy issues, and man-in-the-middle assaults. Fog devices are commonly installed in public spaces, where they are subject to unintentional interference. The insufficiency of surveillance when transferring computation logic to network edge gadgets and devices is limiting the computing industry's expansion.

Fog Computing Market Market Segmentation;

The MMR report covers all segments in the flag computing market such as type, applications. The software type segment, which accounted for about 65% of the fog computing market's revenue, is predicted to continue to be the leading revenue segment between 2021 and 2029: Overall, IT component costs have decreased significantly in recent years, owing to significant advancements in processing and compactness. With the introduction of rapid communication technologies such as 3G, 4G, and LTE, connectivity prices have consistently decreased. The use of Software as a Service (SaaS) and its applications in analytics, e-commerce, collaboration, and other business processes has grown at breakneck speed. As a result, over the projected period, the software solution segment is expected to dominate the market. Transportation & Logistics application segment is projected to grow at the highest CAGR of 55.03% during forecast period. The use of the IoT in transportation systems has opened up a world of sophisticated capabilities for improving passenger safety and logistics and transportation efficiency. The IoT is proven to be very valuable in all types of transportation, including aeroplanes, railways, highways, and maritime transport. However, with so many sensors installed, massive amounts of data would be created, necessitating the use of additional intelligence for analysis and real-time response. Fog computing would aid in the local processing of this data, allowing for real-time asset management and monitoring to reduce or eliminate operational hazards and downtime. Fog computing could also aid in the monitoring and regulation of engine idle time in order to reduce pollution, save fuel, and increase revenues for businesses. Global Fog Computing Market

Fog Computing Market Market Reginal Overview:

North America accounted for the largest market share in 2021, with a market value of US$ xx Bn; the regional market is expected to register a CAGR of xx% during the 2022-2029. The increasing expenditure in the sectors of fog computing and quick penetration and deployment of IoT are primarily responsible for the region's growth. As a result, a growing number of IoT and cloud-based companies in the region have aided the market's expansion. While the expansion in Asia Pacific is mostly due to businesses' widespread adoption of cloud platforms to improve efficiency and the governments increased focus on smart cities and Fog Computings. The U.S. dominated overall fog computing market share, thanks to the high adoption in the country: The region's significant investment in R&D activities, particularly in the automotive sector, is likely to propel industrial growth. To reduce the amount of road accidents and fatalities, the government has launched a number of efforts to transform vehicle technologies. A few of the activities in the process include the introduction of V2V communication and V2I communication (or V2X) technologies, which are predicted to give significant growth opportunities throughout the projection period. Key participants in the Asia Pacific region, such as China, India, Indonesia, Thailand, Malaysia, South Korea, and Japan, are expected to benefit from the exponential rate of urbanisation and industrialisation. The objective of the report is to present a comprehensive analysis of the Global Fog Computing Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Fog Computing Market dynamic, structure by analyzing the market segments and projecting the Fog Computing Market size. Clear representation of competitive analysis of key players by Application, price, financial position, product portfolio, growth strategies, and regional presence in the Fog Computing Market make the report investor’s guide.

Global Fog Computing Market Scope: Inquire before buying

Global Fog Computing Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2021-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 0.04 Bn.
Forecast Period 2022 to 2029 CAGR: 54.97% Market Size in 2029: US $ 1.63 Bn.
Segments Covered: by Type • Hardware • Software • Fog Computing Platform • Customized Application Software
by Application • Building & Home Automation • Smart Energy • Smart Manufacturing • Transportation & Logistics • Connected Health • Security & Emergencies • Others (Smart Environment and Smart Retail)

Global Fog Computing Market by Region

• North America • Europe • Asia Pacific • Latin America • The Middle East and Africa

Global Fog Computing Market Key Players

• FogHorn Systems • Cisco Systems' Inc. • ADLINK Technology Inc • Microsoft Corporation • ARM Holdings PLC • Cradlepoint, Inc • Intel Corporation. • GE Digital • Fujitsu Ltd. • Schneider Electric Software' LLC • Toshiba Corporation • Prismtech Corporation • Dell' Inc. • Nebbiolo Technologies Frequently Asked Questions: 1] What segments are covered in the Fog Computing Market report? Ans. The segments covered in the Fog Computing Market report are based on type and application. 2] Which region is expected to hold the highest share in the Fog Computing Market? Ans. North America region is expected to hold the highest share in the Fog Computing Market. 3] What is the market size of the Fog Computing Market by 2029? Ans. The market size of the Fog Computing Market by 2029 is US$ 1.63 Bn. 4] What is the forecast period for the Fog Computing Market? Ans. The forecast period for the Fog Computing Market is 2022-2029. 5] What was the market size of the Fog Computing Market in 2021? Ans. The market size of the Fog Computing Market in 2021 was US$ 0.04 Bn.
1. Global Fog Computing Market: Research Methodology 2. Global Fog Computing Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Fog Computing Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Fog Computing Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Fog Computing Market Segmentation 4.1 Global Fog Computing Market, By Type (2021-2029) • Hardware • Software o Fog Computing Platform o Customized Application Software 4.2 Global Fog Computing Market, By Application (2021-2029) • Building & Home Automation • Smart Energy • Smart Manufacturing • Transportation & Logistics • Connected Health • Security & Emergencies • Others (Smart Environment and Smart Retail) 5. North America Fog Computing Market (2021-2029) 5.1 North America Fog Computing Market, By Type (2021-2029) • Solutions • Hardware • Software o Fog Computing Platform o Customized Application Software 5.2 North America Fog Computing Market, By Application (2021-2029) • Building & Home Automation • Smart Energy • Smart Manufacturing • Transportation & Logistics • Connected Health • Security & Emergencies • Others (Smart Environment and Smart Retail) 5.3 North America Fog Computing Market, by Country (2021-2029) • United States • Canada • Mexico 6. Asia Pacific Fog Computing Market (2021-2029) 6.1. Asia Pacific Fog Computing Market, By Type (2021-2029) 6.2. Asia Pacific Fog Computing Market, By Application (2021-2029) 6.3. Asia Pacific Fog Computing Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Fog Computing Market (2021-2029) 7.1 Middle East and Africa Fog Computing Market, By Type (2021-2029) 7.2. Middle East and Africa Fog Computing Market, By Application (2021-2029) 7.3. Middle East and Africa Fog Computing Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Fog Computing Market (2021-2029) 8.1. Latin America Fog Computing Market, By Type (2021-2029) 8.2. Latin America Fog Computing Market, By Application (2021-2029) 8.3. Latin America Fog Computing Market, by Country (2021-2029) • Brazil • Argentina • Rest of Latin America 9. European Fog Computing Market (2021-2029) 9.1. European Fog Computing Market, By Type (2021-2029) 9.2. European Fog Computing Market, By Application (2021-2029) 9.3. European Fog Computing Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe 10. Company Profile: Key players 10.1. FogHorn Systems 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Cisco Systems' Inc. 10.3 ADLINK Technology Inc 10.4 Microsoft Corporation 10.5 ARM Holdings PLC 10.6 Cradlepoint, Inc 10.7 Intel Corporation. 10.8 GE Digital 10.9 Fujitsu Ltd. 10.10 Schneider Electric Software' LLC 10.11 Toshiba Corporation 10.12 Prismtech Corporation 10.13 Dell' Inc. 10.14 Nebbiolo Technologies

About This Report

Report ID 62764
Category Information Technology & Telecommunication
Published Date Sept 2022
Updated Date Feb 2022
Contact Us