Fog Computing Market has Demand Driver, Key Opportunity, Key Production, Revenue, Statistics, Outlook 2024
Fog Computing Market is set to exceed USD 700 million by 2024; according to a new research report.
Increasing penetration of cloud computing platforms is fostering the fog computing market growth. Over the past decade, cloud computing has emerged as a driving force in the IT ecosystem. It is estimated that approximately 80% of the enterprises are utilizing the capabilities of the cloud computing platform in their business and the number is further anticipated to increase in the future.
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As cloud computing platforms offers computing, storage, and networking services across all the business sectors, it frees the customer and enterprises from the specifications of various details, which may result issues in latency sensitive applications in sector such as healthcare, energy & utility. These inherent challenges of cloud computing are forecast to positively impact the market adoption. Fog computing solutions offer several benefits to the business, as they extend the cloud near the edge devices that generate and act on data.
The model increases the business agility as it offers rapid innovation and affordable scaling options. It is cost effective and comparatively faster than cloud computing platforms. Furthermore, it provides better security, deeper insights, and privacy control. It also reduces the operating expenses by conserving the network bandwidth and locally processing the data rather than forwarding to the cloud platform.
Some of the key companies in the fog computing industry are ADLINK, AppFog, ARM, AT&T, Cisco, Cradlepoint, Dell, Foghorn, GE Digital, IBM, Intel, Nebbiolo, Microsoft, and VIMOC. Collaboration and product launch has become one of the strategies used by the market players to increase the product portfolio and gain technical expertise. For instance, in 2015, Dell introduces its new Edge Gateway to provide fog computing solutions for industrial applications and building automation.
Scope of Report:
Global fog computing market research report includes in-depth coverage of the industry with estimates & forecast in terms of USD from 2015 to 2024, for the following segments:
Hardware, Controllers, Gateways, Routers & Switches, Sensors, Software, Services, Professional Services, Managed Services
By Deployment Model
Fog as a product, Fog as a service
Automotive, Energy & Utility, Healthcare, IT & Telecom, Manufacturing, Retail, Smart Infrastructure, Transportation, Others
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Chapter 1. Methodology & Scope
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
Chapter 2. Executive Summary
2.1. Fog computing industry 360º synopsis, 2015 – 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Component trends
2.1.4. Deployment model trends
2.1.5. Application trends
Chapter 3. Fog Computing Industry Insights
3.2. Industry segmentation
3.3. Industry landscape, 2015 – 2024
3.4. Industry ecosystem analysis
3.5. Fog computing architecture analysis
3.6. Fog computing processing features
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