Global Fog Computing Market, By Computing Solution (Hardware, Software), Application (Connected Vehicles, Smart Grids, Smart Cities, Connected Healthcare, Smart Manufacturing, Building and Home Automation, Transportation and Logistics, Security and Emergencies, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Fog Computing Market
The fog computing market is expected to witness market growth at a rate of approximately 56.05% in the forecast period of 2021 to 2028. Data Bridge Market Research report on fog computing market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the adoption of smart devices among population across the globe is escalating the growth of fog computing market.
Fog computing also called as fog networking refers to decentralized computing infrastructure which is growing as next generation cloud computing. In this computing, the most efficient and logical distribution of computing and storage of data among data source and the cloud is done. Fog computing assists in analyzing the most time sensitive data at the network edge and keeps it close to the generation source. It does not send the massive volume of data to the cloud for storage and analysis.
The rise in the usage of smart devices to facilitate smart buildings, smart cities, vehicle networks, software-defined networks and smart grids and increasing demand for connected devices among end users are the major factors driving the fog computing market. The increase in demand from automotive sector to support the development of connected fog computing allows numerous features making it ideal platform for delivering an array of smart connected vehicles (SCV), safety, mobility and location awareness, traffic support, real-time interactions, low latency and safety which accelerates the fog computing market growth. The role of fog architecture plays in the advancement if virtual reality which is AI where most of the information recovery and processing is forwarded to related devices, including smart home storage, cloud among others and the emergence of the 5G technology also influence the fog computing market. Additionally, initiatives taken by the government to support advancement and their deployment in the fog computing, the evolution of IoT to internet of everything (IoE), increasing need for high-speed data analytics and shorter response time and rise in research and development activities in the fog computing field positively affect the fog computing market. Furthermore, the innovations and adoption of cloud computing, machine learning and artificial intelligence extend profitable opportunities to the fog computing market players in the forecast period of 2021 to 2028.
On the other hand, lack of fog computing technological skills and knowledge and absence of uniformed standards are factors expected to obstruct the fog computing market. The complexity of architecture due to the decentralized computing and concerns regarding the risk of cyber-attacks because of the extension in network’s edge are factors projected to challenge the fog computing market.
This fog computing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on fog computing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Fog Computing Market Scope and Market Size
The fog computing market is segmented on the basis of computing solution and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of computing solution, the fog computing market is segmented into hardware and software. Hardware is further segmented into gateways, routers and switches, IP video cameras, sensors and micro data sensors. Software is further segmented into fog computing platform and customized application software.
- On the basis of application, the fog computing market is segmented into connected vehicles, smart grids, smart cities, connected healthcare, smart manufacturing, building and home automation, transportation and logistics, security and emergencies and others.
Global Fog Computing Market Country Level Analysis
The fog computing market is analyzed and market size, volume information is provided by country, computing solution and application as referenced above.
The countries covered in the fog computing market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North-America dominates the fog computing market due to the rise in the investment in the research and development in the fog computing, presence of prominent players and high adoption of IoT in the region. Asia-Pacific is expected to witness the highest CAGR during the forecast period of 2021-2028 because of the government support, growth of connected cars and wide adoption of cloud services in the developing nations.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fog Computing Market Share Analysis
The fog computing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to fog computing market.
The major players covered in the fog computing market report are Cisco, Microsoft, Arm Limited, Intel Corporation, General Electric, FUJITSU, Schneider Electric, TOSHIBA CORPORATION, ADLINK Technology, Dell, Nebbiolo Technologies, FogHorn Systems, SAP SE, AT&T Intellectual Property, Cradlepoint Inc., IBM Corporation, VIMOC Technologies Inc, and Cyxtera Technologies Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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