Fog Computing Market Will Accomplish Outstanding USD 617.3 million Figure By 2025

Fog computing, also termed as “edge computing” or “fogging” in association with cloud emphasis helps in faster decision-making strictly with computations on cognizable data by deployment

What is a Fog computing?

“Fog computing or fog networking, also known as fogging, is an architecture that uses edge devices to carry out a substantial amount of computation, storage, and communication locally and routed over the Internet backbone.”

Fog computing, also termed as “edge computing” or “fogging” in association with cloud emphasis helps in faster decision-making strictly with computations on cognizable data by deployment of fog nodes close to Internet of Things (IoT) aided devices, placed anywhere in the network trajectory either on a factory floor, top of a power pole or an oil rig, subject having connectivity, computational and storage imperatives.

The primary drivers for fog computing market are inundation of IoT devices with parallel IoT connectivity, subsequent growth in cloud computing market size and Machine to machine (M-M) connectivity. The factors driving the fog computing market size include computational power speed, increased operational efficiency and cost savings across all verticals in the industry.  By type, the fog computing market size spans hardware and software. Software further disintegrates into fog computing platform and customized application software. By Application, the fog computing market size comprises building and home automation, smart energy, smart manufacturing, transport and logistics, connected health, security and emergencies and others-smart environment and smart retail.

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By geography, the market size extends to North America, Europe, Asia Pacific, MEA and Latin America. The increased dominance of the Fog Computing Market by Software is underscored by presence of majority of the players in cloud and IoT ecosystem and would benefit by leveraging the system architecture at platform and applications hierarchy.

Being a software domain, the providers are not stranded with heavy capital investment as would be with hardware, thus boosting the market. The fog computing market by smart manufacturing application is in a transformative phase gravitating towards process automation in the manufacturing sector and IoT with machine-machine connectivity is a relatively untouched area for fog computing market to monitor machine operations in real-time. North America with importance ascribed to Internet of Things (IoT) and displaying economic prosperity is a growing market for fog computing market. Being one among the most technically advanced and developed nations, U.S. and Canada are prime motivators of fog computing market.

Fog networking supports the Internet of Everything concept wherein most of devices of daily-use will be interconnected with each other, with phones, connected vehicles, consumer appliances, virtual reality (VR) using Google glass as prime examples. Virtual Reality (VR) devices work under a 5K environment and at network edge with dynamic feeds (Google glass, tablets, phones) in a cloud/fog scenario to reduce latency times, improve audio/video compression ratios that catches camera feeds in multi-camera systems.

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The key stakeholders in the market include IT infrastructure equipment providers, support infrastructure equipment providers, component providers, software providers, system integrators, network service providers, monitoring service providers, support service providers, professional service providers, distributors and resellers, cloud providers, collocation providers, enterprises and data center vendors, government and standardization bodies, telecom operators, healthcare organizations and financial organizations.

As per an article dated Aug 2016, the verdict goes that IoT or Internet of Things with fog computing drastically turns the tide in favor of the market by getting IoT devices closer to the edge, the only access point for increasing bandwidth and help the medical industry where limitations in internet speed and latency times of IoT are reasons for a sluggish demand of the devices in telemedicine.

Growth in IoT industry owes its success to cloud service providers and inimitable data centers but with connected devices like self-driving cars where a delay of nanoseconds end in mishaps with same going for telemedicine where lives rest on speed and accuracy, a slight delay could prove fatal.

What are the top Fog computing players?

The key industry players spanning the fog computing market size include Microsoft, Cisco, Dell, Intel, Arm Holding, Fujitsu and Schneider Electric Software. PrismTech Corporation, Nebbiolo Technologies and Dell Corporation.

Global Fog Computing Market is Booming Worldwide from 2019 to 2023

AUG 20, 2019: Fog computing is a term created by Cisco that refers to extending cloud computing to the edge of an enterprise’s network. In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Fog Computing Report by Material, Application, and Geography – Global Forecast to 2023 is a professional and comprehensive research report on the world’s major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China).

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In this report, the global Fog Computing market is valued at USD XX million in 2019 and is projected to reach USD XX million by the end of 2023, growing at a CAGR of XX% during the period 2019 to 2023.

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The report firstly introduced the Fog Computing basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world’s main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.

The major players profiled in this report include:

  • PrismTech
  • Cisco Systems
  • FogHorn Systems
  • Nebbiolo Technologies

The end users/applications and product categories analysis:

On the basis of product, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into-

  • Hardware
  • Software

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Fog Computing for each application, including-

  • Connected vehicles
  • Smart grids

Table of Contents

Part I Fog Computing Industry Overview

Chapter One Fog Computing Industry Overview

1.1 Fog Computing Definition

1.2 Fog Computing Classification Analysis

1.2.1 Fog Computing Main Classification Analysis

1.2.2 Fog Computing Main Classification Share Analysis

1.3 Fog Computing Application Analysis

1.3.1 Fog Computing Main Application Analysis

1.3.2 Fog Computing Main Application Share Analysis

1.4 Fog Computing Industry Chain Structure Analysis

1.5 Fog Computing Industry Development Overview

1.5.1 Fog Computing Product History Development Overview

1.5.1 Fog Computing Product Market Development Overview

1.6 Fog Computing Global Market Comparison Analysis

1.6.1 Fog Computing Global Import Market Analysis

1.6.2 Fog Computing Global Export Market Analysis

Continued…


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