Fog Computing Market Size, Share, Trends, Growth, Analysis, Research

Global Fog Computing Market: Key Highlights

  • According to the new market research report Fog Computing Market by Component (Hardware, Software), by Application (Connected Healthcare, Smart Manufacturing, Connected Vehicles, Smart Grids, Smart Cities, Smart Buildings, and Others), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2020 to 2027)”, the global Fog Computing market is estimated to reach USD 942.02 Million by 2027 at a CAGR of around 52.1% during the review period.
  • Fog computing is an extension of the cloud computing to edge of the network which engages in the provision of computation, storage, and networking services to nearby end users.
  • The edge location can provide local network condition, traffic statistics and client status information, which can be used by fog applications to offer context-aware optimization.

Fog Computing Market

Global Fog Computing Market: Key Market Dynamics

  • Need for high bandwidth in IoT application and growing IoT and cloud computing market will drive the fog computing market during assessment period.
  • Moreover, potential growth opportunities for cloud computing services will create opportunities in the global fog computing market.
  • However, security & privacy issues and skilled workforce will create negative impact on fog computing market during growth period.

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Global Fog Computing Market: Regional Overview

  • North America

US and Canada will have expected to drive the fog computing market during forecast period. These countries have huge potential for the various applications connected to Internet of Things (IoT), cloud computing, and various cloud related applications. Cisco Systems is one of the leading provider of fog computing launched fog computing platform IOx for various IoT applications. This software will help organization to manage and handle huge amount of data which are come up with IoT.    

  • Asia-Pacific

Asia-Pacific is expected to grow at faster rate during forecast period. China, Japan, India, South Korea, and Taiwan will drive the fog computing market in Asia-Pacific. Growing IT & Telecommunication industry, smart city initiatives by China, India, and Japan, and presence of manufacturing industries will grow the market during projected years. In June 2020, Fujitsu entered into partnership with NetApp to work on data management infrastructure for digital transformation.     

Global Fog Computing Market: Key Players Overview

  • Cisco Systems:

Cisco engages in the provision of network, security, wireless, and cloud & data centers solutions for various end use applications. The company provide fog computing software platform for IoT applications.

Source: Cisco Systems

Source: Cisco Systems     

 In 2016, Cisco and IBM are entered into partnership will combine IBM Watson’s IoT cloud software with Cisco fog computing platform to grab and analyze the sensor data even in far-flung location.   

  • Fujitsu:

Fujitsu is global information and communication technology company which offers various range of technology products, solutions, and services. In November 2017, Fujitsu launched IntelliEdge platform for industry 4.0. This platform enables optimization of industrial process for securely connecting data and resources to devices and peoples for bridging the gap between operational technology in the field.

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Rep Id : ICT 074

Published : 2020-07-15

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