Market Overview:

The global fog computing market reached a value of US$ 151.7 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 322.7 Million by 2027, exhibiting at a CAGR of 12.7% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Fog computing is a decentralized computing framework that facilitates computing, storage, control, and networking services between end devices and computing data centers. It reduces the amount of data required for sending to the cloud, thereby saving network bandwidth and minimizing the response time of the system. It also assists in making processing faster and improving the overall security and efficiency of the system. At present, it finds application in devices that require rigorous computation and processing and providing services over a large area at different geographical locations.

Fog Computing Market Trends:

The agility and flexibility of big data solutions have led to an increase in the use of the Internet of Things (IoT), thereby resulting in the growing volume of digital data generation. This represents one of the major factors encouraging enterprises and large organizations across the globe to adopt fog computing solutions for fulfilling the need of quickly accessing large amounts of data. Additionally, these solutions increase business agility by making the production of revenue-generating products and services more efficient. They also provide a common framework for seamless collaboration and communication. Thus, the growing awareness about the advantages associated with fog computing solutions is increasing their sales over cloud computing. Besides this, the growing data security concerns on account of the rising instances of cyber threats are also propelling their use to connect multiple devices to a network and identify threats, such as potential hacks or malware. Furthermore, the emerging trend of connected and modern vehicles is positively influencing the deployment of fog computing displays for car-to-car connectivity. Moreover, governments of several countries are investing in developing smart cities, which is creating a positive market outlook.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global fog computing market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, deployment models and application.

Breakup by Component:

• Hardware
  • Gateways
  • Routers and Switches
  • IP Video Cameras
  • Sensors
  • Micro Data Center
• Software
  • Fog Computing Platform
  • Customized Application Software
     

Breakup by Deployment Models:

• Private Fog Node
• Community Fog Node
• Public Fog Node
• Hybrid Fog Node
   

Breakup by Application:

• Building and Home Automation
• Smart Energy
• Smart Manufacturing
• Transportation and Logistics
• Connected Health
• Security and Emergencies
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ADLINK Technology Inc., Cisco Systems Inc., Cradlepoint Inc. (Telefonaktiebolaget LM Ericsson), Dell Technologies Inc., FogHorn Systems, Fujitsu Limited, General Electric, Hitachi Vantara Corporation (Hitachi Ltd.), Huawei Technologies Co. Limited, International Business Machines Corporation, Oracle Corporation and Toshiba Corporation.

Report Coverage:

Key Questions Answered in This Report:

• How has the global fog computing market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global fog computing market?
• What are the key regional markets?
• What is the breakup of the market based on the component?
• What is the breakup of the market based on the deployment models?
• What is the breakup of the market based on the application?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global fog computing market and who are the key players?
• What is the degree of competition in the industry?