Fog Computing Market is expected to grow at a moderate rate during the forecast period 2019-2025. Fog computing is a decentralized computing infrastructure that extends cloud computing and services to the network edge. It uses edge devices to perform a considerable amount of computation, storage, and communication locally. The most essential objective of fog computing is to decrease the amount of data and improve efficiency that requires to be transported to the cloud for further steps, such as processing, analysis, and storage. However, this is carried out to achieve efficiency and for security reasons. Hence, it is an appropriate application for a range of Internet of Things (IoT) applications and services.
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Several smart city projects have witnessed across various countries, which is creating a significant opportunity for the global fog computing market. North America has launched a wide range of smart city projects. For instance, in August 2018, US Ignite, Inc., a non-profit organization that promotes the development of connected; smart communities have introduced a new project to support cities for better access to federal funding opportunities. For this purpose, the John S. and James L. Knight Foundation is funding for the project, amounting to $211,000. This funding is intended to offer tools to the cities for the development of solutions for the smart city that are highly responsive to resident preferences and needs. Furthermore, over the past few years, the US Department of Transportation has leveraged approximately $350 million in private and public funds for advanced transportation technologies and smart city. With the continuous development of smart cities, fog computing could be a vital part of smart city architecture. The adoption of fog computing can significantly reduce the costs of sending a considerable volume of data by decreasing bandwidth requirements. Hence, fog computing could offer major support in the foundation of smart cities.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Fog Computing Market by Component
- Hardware
- Software
Global Fog Computing Market by Application
- E-Health
- Oil & Gas
- Transportation & Logistics
- Smart City
- Manufacturing
- Building & Home Automation
- Smart Grids
- Others (Video Streaming and Environmental Monitoring)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Accenture PLC
- Amazon Web Services, Inc.
- Chaos Prime, Inc.
- Cisco Systems, Inc.
- Cloudera, Inc.
- Crosser Technologies
- Dell, Inc.
- FogHorn Systems
- Fujitsu Ltd.
- General Electric Company
- IBM Corp.
- Intel Corp.
- Itron, Inc.
- Microsoft Corp.
- Nebbiolo Technologies, Inc.
- OSIsoft, LLC
- SAP SE
- Schneider Electric SE
- Tata Consulting Services Ltd.
- Toshiba Digital Solutions Corp.
- V5 Systems, Inc.
- VMware, Inc.
- WICASTR Ltd.
The Report Covers
- Comprehensive research methodology of the global fog computing market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global fog computing market.
- Insights about market determinants which are stimulating the global fog computing market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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