Fog Computing Market size was estimated at USD 9.33 million in 2016 and is anticipated to reach USD 617.3 million 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 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.
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Market Synopsis of Fog Computing Market:
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.
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.
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.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Fog Computing: Market
Variables, Trends & Scope
Chapter 4 Fog Computing: Product
Estimates & Trend Analysis
Chapter 5 Fog Computing:
Application Estimates & Trend Analysis
Chapter 6 Fog Computing: End-use
Estimates & Trend Analysis
Chapter 7 Fog Computing:
Industrial End-use Estimates & Trend Analysis
Chapter 8 Fog Computing: Regional
Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Fog Computing:
Manufacturers Company Profiles
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