Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on fog computing market provides an in-depth analysis of
segments and sub-segments in the global as well as regional fog computing
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional fog computing market over the short term
as well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of the global fog computing market. According to the
report, the global fog computing market is projected to grow at a CAGR of
58.35% over the forecast period of 2020-2026.
Fog is based on distributed
networking with ubiquitous pervasive computing. It comprises small-scale data
centers or a group of computers known as cloudlets that provide services to
devices located in close proximity. Its initial installation cost, latency, and
energy consumption are far less as compared to that of the cloud, but the
operational cost varies. Fog computing architecture is promising for
distributed real-time, scalable, and securing & privacy-preserving IoT
applications.
Fog computing gives the freedom to
choose any hardware from Information Technology solutions. It supports all
existing non-IoT devices and legacy devices. This computing is economical as
well as more flexible. Again, when it comes to speed, fog computing allows
real-time processing and supports processing data as fast as local systems. It
can be scaled and updated dynamically. It gives better performance, security, and
lower costs. Fog incorporates positive attributes of the cloud and provides
benefits that may support future IoT applications which further drive the
market growth. Furthermore, increasing awareness of data security, bandwidth
limitations and rising adoption of low-latency applications for existing IoT
infrastructure, and high adoption of IoT devices generating a massive amount of
data are some of the key factors driving the global fog computing market. Fog
computing accelerates awareness and response to events by eliminating a
roundtrip to the cloud for analysis. It also protects sensitive IoT data by
analyzing it inside company walls. Ultimately, organizations that adopt fog
computing gain faster insights, leading to increased business agility, and improved
safety. However, the lack of fog computing technology skills is affecting the
growth of the market. Moreover, it can provide a solution for resource
management issues in future 5G networks. Hence, this is an opportunity for
system integrators, platform providers, communication technology providers, and
cloud service providers.
North America dominates the fog
computing market owing to the high adoption of IoT. Furthermore, increasing
investment in the development of fog architecture is driving the growth of the
market in this region. For instance, in the U.S., a project has been initiated
that enables the traffic lights to integrate with connected vehicles to reduce
the travel time. Moreover, the presence of several players in the region is
contributing to the growth of the fog computing market in this region.
The report on global fog computing
market covers segments such as offering, and application. On the basis of
offering, the sub-markets include hardware, and software. On the basis of
application, the sub-markets include building & home automation, smart
energy, smart manufacturing, transportation & logistics, connected health,
security & emergencies, and others.
The report provides profiles of
the companies in the market such as Cisco Systems, Inc, ARM Holding Plc, Intel
Corporation, GE Digital, Nebbilo Technologies, Microsoft Corporation, Dell
Inc., Fujitsu, Schneider Electric Software, and Toshiba Corporation.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of fog computing market. Moreover, the study highlights current market
trends and provides forecast from 2020-2026. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.
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