The Global Fog Computing Market is projected to reach a value of over USD 942.02 million by 2027 at a CAGR of around 52.1%.
Fog computing is a computing infrastructure in which storage, data, and application are located somewhere between the data source and the cloud. fog computing brings the advantages and power of the cloud closer to where data is created and acted such as edge computing. Many players and consumers use fog computing and edge computing interchangeably, because both involve bringing intelligence and processing closer to where the data is created.
Source: Forencis Analysis
Market Driver:
IoT and cloud computing market are now increasing in the world of information technology. The cloud computing and IoT have become two most closely associated future internet technologies, which has accelerated the deployment and development scalable IoT applications and business models. These technologies can work together for providing infrastructure, augmented performance, and improved scalability among others. Fog computing is used for managing the demand for IT service with collaboration of cloud computing. Hence Growing IoT and cloud computing market is expected to drive fog computing market during forecast period.
Market Restraint:
Security and privacy issues can be occurred in every designing step of fog computing. The areas such as trust & authentication, network security, data storage, data computation, and access control might go from serious privacy issues which can hamper the overall structure of the fog computing. Hence, hacker can access the information and might block or delete the information from the server. Hence, this will hamper the growth of the fog computing market during projected years.
The report on the Fog Computing market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) |
Segments Included |
Component, Application, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Fog Computing Market, by Component
Fog Computing Market, by Application
Fog Computing Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE FOG COMPUTING MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY