Fog Computing Market 2024: Challenges, Research, Analysis And Industry Insights

New York, NY 27 Sep 2019:According to a new study published by Polaris Market Research the global fog computing market is anticipated to reach USD 934 million by 2026.

Fog computing is used in several applications including, smart city, smart buildings, smart grid, vehicle networks and software- defined networks.On the basis of components, the market is segmented into hardware and software.

However, APAC is expected to witness high growth during the forecast period attributed to the increasing awareness of fog computing in these regions.Major companies profiled in the report include Cradlepoint, Inc., PrismTech, FogHorn Systems, Cisco Systems, Inc., Crosser Technologies, Nebbiolo Technologies, Microsoft Corporation, Intel Corporation, Fujitsu, Arm Holding Plc., and ADLINK Technology Inc.Key Findings from the study suggest North America is expected to command the market over the forecast years.

APAC is presumed to be the fastest growing market, with highest CAGRover the forecast period.

Among the application segment, smart manufacturing is expected to hold the largest share.

This is due to the several number of sensors required for varied functions in manufacturing facilities, that generates enormous amount data.

New York, NY 21 Sep 2020: According to a new study published by Polaris Market Research the global fog computing market is anticipated to reach USD 934 million by 2026.

Fog computing is used in several applications including, smart city, smart buildings, smart grid, vehicle networks and software- defined networks.On the basis of components, the market is segmented into hardware and software.

However, APAC is expected to witness high growth during the forecast period attributed to the increasing awareness of fog computing in these regions.

Major companies profiled in the report include Cradlepoint, Inc., PrismTech, FogHorn Systems, Cisco Systems, Inc., Crosser Technologies, Nebbiolo Technologies, Microsoft Corporation, Intel Corporation, Fujitsu, Arm Holding Plc., and ADLINK Technology Inc. Key Findings from the study suggest North America is expected to command the market over the forecast years.

The fog computing market is presumed to develop at a CAGR of over 62.6% from 2018 to 2026.

Among the application segment, smart manufacturing is expected to hold the largest share.

The world is now turning around Internet of Things (IoT). The connected devices and apps are mushrooming in an unprecedented and never before way. We have loads of innovative gadgets coming up every day adding new and valuable way to interact with our surroundings. While people remain connected to the web round the clock their surroundings are also getting smarter offering connectivity and connected solutions.

But still, this connected environment comprising gadgets and devices is far from perfect. The vast majority of of IOT devices mainly depend on Cloud computing to store data and access them as they mostly come with poor storage capacity. But the bandwidth constraints and inconsistent data speed are two major problems contributing to the implementation of Internet of Things.

The global 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.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.

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.Download Sample Report @ https://www.millioninsights.com/industry-reports/fog-computing-market/request-sampleBeing a software domain, the providers are not stranded with heavy capital investment as would be with hardware, thus boosting the market.

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.

The factors driving the fog computing market size include computational power speed, increased operational efficiency and cost savings across all verticals in the industry.

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.

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.

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.

With greater processing power than most local servers, cloud computing  While organizations are seeing huge benefits from cloud computing, there is a related technology that can increasingly enable businesses: fog computing.

According to Network World, fog computing is defined as, “the concept of a network fabric that stretches from the outer edges of where data is created to where it will eventually be stored, whether that’s in the cloud or in a customer’s data center.

Public infrastructure as a service (IaaS) cloud vendors 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.” Subscribe free now to get more technological updates!

As a localized form of cloud computing, the processing points are closer to where the data is produced instead of a centralized server.

How does fog computing help a business?

In this way, fog is an intelligent gateway that offloads clouds enabling more efficient data storage, processing, and analysis.” How fog computing can increase your HR efficiencies.Fog computing has helped to combine the speed of local servers with the processing, storage, and analytical capacity of cloud computing.