Global Fog Computing Market Overview:
Fog computing is a decentralized computing network environment in which data, compute, storage and applications are located somewhere between the data source and the cloud. Similar to edge computing, fog computing brings the benefits and power of the cloud closer to where data is created and acted upon. It is another layer of a distributed network infrastructure and is closely associated with cloud computing and the internet of things (IoT). Public infrastructure as a service (IaaS) cloud providers can be thought of as a high-level, global endpoint for data; the edge of the network is where data from IoT devices is created. With the cloud computing model, the consumer can purchase the services from a provider, which delivers the service along with the maintenance and upgrades, with the plus that they can be accessed anywhere and assisting work by teams.
As per latest study released by AMA Research, the Global Fog Computing market is expected to see growth rate of 27.0%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Adoption of Internet of Things Devices
Market Growth Drivers:
Low-Latency Network Connections between Devices and Analytics Endpoints and Increasing Demand for Greater Business Agility
Challenges:
Concerns Regarding Data Security
Restraints:
Lack of Consistent Access
Opportunities:
Innovations in Cross-Domain Applications and Growing Government and Private Funding For R&D in IoT, Cloud and Fog
Competitive Landscape:
The leading players are focusing on strategic partnerships to improve their solution and services. Companies are focusing on increasing their client base to strengthen market position and to enhance solution & service offerings.
Some of the key players profiled in the report are Microsoft Corporation (United States), Cisco Systems, Inc. (United States), Dell Inc. (United States), ARM Holding Plc. (United Kingdom), Fujitsu (Japan), Intel Corporation (United States), PrismTech (United Kingdom), Nebbiolo Technologies (United States), IBM (United States) and Hitachi (Japan). Additionally, following companies can also be profiled that are part of our coverage like Cradle Point (United States) and FogHorn Systems (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Fog Computing market by 2030. Considering Market by Architectural Services, the sub-segment i.e. Software as a Service (SaaS) will boost the Fog Computing market. Considering Market by Deployment Models, the sub-segment i.e. Private Fog Node will boost the Fog Computing market. Considering Market by Component, the sub-segment i.e. Hardware [Servers, Switches, Routers, Gateways, Controller] will boost the Fog Computing market.
Latest Market Insights:
On November 21, 2023, Microsoft and Deutsche Telekom announced a partnership to develop and deploy Fog Computing solutions for industrial and enterprise edge use cases. This combines Microsoft's Azure cloud platform with Deutsche Telekom's edge infrastructure and expertise.
What Can be Explored with the Fog Computing Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Fog Computing Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Fog Computing
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Fog Computing market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Fog Computing market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Fog Computing Service Providers, IoT Devices Manufacturers, Network Service Providers, Network Solution Providers, Governmental Bodies and Research Firms.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.