Fog Computing Market Report by Component (Hardware, Software), Deployment Models (Private Fog Node, Community Fog Node, Public Fog Node, Hybrid Fog Node), Application (Building and Home Automation, Smart Energy, Smart Manufacturing, Transportation and Logistics, Connected Health, Security and Emergencies), and Region 2024-2032
The global fog computing market size reached US$ 196.8 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 528.8 Million by 2032, exhibiting a growth rate (CAGR) of 11.3% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 196.8 Million
Market Forecast in 2032
US$ 528.8 Million
Market Growth Rate 2024-2032
11.3%
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.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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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 report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, deployment models and application.
Breakup by Component:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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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:
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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:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Million
Segment Coverage
Component, Deployment Models, Application, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
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, Toshiba Corporation
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global fog computing market was valued at US$ 196.8 Million in 2023.
We expect the global fog computing market to exhibit a CAGR of 11.3% during 2024-2032.
The rising adoption of fog computing solutions for fulfilling the need of quickly accessing large amounts of data across enterprises and large organizations is primarily driving the global fog computing market.
The sudden outbreak of the COVID-19 pandemic has led to the growing deployment of fog computing for connecting multiple devices to a network and identifying threats, such as potential hacks or malware, during the remote working models.
Based on the component, the global fog computing market has been segmented into hardware and software, where software currently holds the majority of the total market share.
Based on the application, the global fog computing market can be divided into building and home automation, smart energy, smart manufacturing, transportation and logistics, connected health, and security and emergencies. Currently, smart manufacturing exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global fog computing market include 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.
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