Global Fog Computing Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global fog computing market in its upcoming report titled, “Global Fog Computing Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global fog computing market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global fog computing market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global fog computing market report has been segmented on the basis of solution, application and region.
Fog computing, also known as, fog networking or fogging, is a distributed computing infrastructure in which data, compute, storage and applications are disseminated in the most logical and efficient manner between the data source and the cloud. Main aim of fog computing is to improve efficiency and reduce the amount of data transported to the cloud for processing, analysis and storage and can be also used for security and compliance reasons.
Increasing adoption of smart devices to facilitate smart grids, smart cities, smart buildings, vehicle networks and software-defined networks is expected to boost growth of the global fog computing market. Increasing Internet of Things connectivity, machine to machine communication, need for real-time computing for time-critical process and the rising demand for connected devices will further propel growth of the fog computing market over the forecast period. In addition, growing awareness about the benefits of open-source software platform, rising demand from emerging markets for computing services at an affordable cost, and government support and initiative to drive fog innovation and deployment are other factors expected to fuel growth of the global fog computing market over the forecast period.
However, security, authentication and privacy concerns, high cost of equipment, and lack of global mobility support are other expected to hamper growth of the global fog computing market over the forecast period.
The global fog computing market report is segmented on the basis of solution, application and region On the basis of region, the global fog computing market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The market in North America dominates the global fog computing market in terms of revenue, owing to high adoption of internet of things in applications such as smart homes, healthcare, and increased investments in R&D activities in countries in the region. The market in Europe accounted for second-highest revenue share in the global fog computing market, due to the importance of shifting to internet of things and fog computing, followed by Asia Pacific. The market in Asia Pacific is projected to have fastest growth in terms of revenue, owing to growing awareness about the benefit of fog computing and government initiative in the developing countries in the region.
Global Fog Computing Market Segmentation:
Global fog computing market segmentation by solution:
Global fog computing market segmentation by application:
- Building & home automation
- Smart energy
- Smart Manufacturing
- Transportation and Logistics
- Connected health
- Security & emergencies
- Others (Smart Environment and Smart Retail)
Global fog computing market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Cisco Systems, Inc.
- Microsoft Corporation
- ARM Holdings plc
- Dell Inc.
- Intel Corporation
- Fujitsu Limited
- GE Digital LLC
- Nebbiolo Technologies, Inc.
- Schneider Electric Software Business
- PrismTech Corporation
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