Fog Networking Market Expected to Witness a Significant Growth at CAGR of 64.1% | Top key Vendors - ARM LIMITED, CISCO SYSTEMS, DELL NETWORKING, ERICSSON AB, HP DEVELOPMENT COMPANY, LP, IBM, INTEL, LINKSYS (BELKIN INTERNATIONAL), MICROSOFT

Industry Highlights:
The global fog networking market is projected to register a CAGR of 64.1% over the forecast period of 2018-2023. The scope of the report includes insights on the solutions offered by the major players, including providers of hardware, software-based platform, services, and integration solutions. The regions included in this study are - North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The study also offers insights on various end users, such as healthcare, BFSI, retail, defense, etc. The organization size for fog networking has also been covered in the study.

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Key Developments in the Market
November 2017 - Fog World Congress (FWC) 2017 was the inaugural conference for fog computing, bringing the global community, researchers, and leaders together, to learn about the impact of fog computing and networking. For instance, in the smart city of Barcelona, through IoT technology, the government is trying to provide the best possible services for its citizens, including unification of waste and transportation management, traffic data, and Wi-Fi access points.

Major Players :
ARM LIMITED, CISCO SYSTEMS INC., DELL NETWORKING, ERICSSON AB, HP DEVELOPMENT COMPANY, LP, IBM, INTEL CORP., LINKSYS (BELKIN INTERNATIONAL INC.), MICROSOFT CORP., NOKIA CORPORATION, QUALCOMM INCORPORATED, amongst others

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Increasing Networked Devices to Drive the Demand for Fog Networking
The push for smart cities and accompanied systems to achieve the same requires interconnected devices and connected cars, which lead to the evolution and adoption of IoT. The major driver for fog networking is the need to get information quickly at the fingertips of end users, which can lose its value if the information is not obtained at the early stage. This has led to the evolution of fog networking, as cloud computing does not serve this requirement.

High Industry-based Demand to Obtain Maximum Benefit of Increased Computational Power at Enterprise End
The enterprises that are into instant feedbacks and need to revert sooner to customers have been the early adopters of this technology. The technology utilizes cloud computing and offers its benefits with improved solutions. The industry has benefitted with the improved computational, storage, communication, and sensing capabilities of the installed devices, which have made fog computing a possibility and created a significant opportunity for fog networking.

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