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Global Fog Computing Market Research Report by focusing on Top Companies like Nebbiolo Technologies, FogHorn Systems, Cisco Systems, Cisco Systems, IBM, PrismTech

12-18-2018 06:42 AM CET | IT, New Media & Software

Press release from: Big Market Research

Fog Computing Market

Fog Computing Market

The Fog Computing Market was worth USD 5.95 million in 2014 and is expected to reach approximately USD 316.88 million by 2023, while registering itself at a compound annual growth rate (CAGR) of 55.54% during the forecast period. Fog broadens the cloud abilities by offering a unified solution and virtualized resources to the edge of the system. The expanding infiltration of Internet of Things (IoT) and cloud services is anticipated to positively affect the business development throughout the following years. Furthermore, the key driving variables boosting the development of software and devices incorporate the developing requirement for real-time interaction with approaching information and the constraints of data transfer capacity accessibility.

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Solution Outlook and Trend Analysis
The hardware section held a revenue share of more than 35% in 2016. The declining part costs and advancements in the usefulness of the devices are foreseen to add to the development of the equipment fragment throughout the upcoming years. Moreover, the reducing expense of sensors and data storage devices, together with the pervasiveness of remote systems, are speeding the multiplication of fog nodes. The programming portion contributed fundamentally to the business development in 2016.

Hardware Outlook and Trend Analysis
The sensors section represented more than 30% income share in 2016. As the demand for low latency and decentralized platforms is picking up prominence, there is a developing pattern toward distributed data storage and processing approach. This has prompted the expanded demand for smart sensors and wireless sensor models for processing information.

Application Outlook and Trend Analysis
The associated vehicles portion caught an income offer of more than 25% in 2016 as it gives real-time analytics and informed choices on driving trends. Additionally, fog computing lessens the exchange of vast information of video and audio recordings produced by video and dashboard cameras. The requirement for streamlining traffic and successful transportation administration is helping the business development by upgrading the connectivity of transport systems.

Regional Outlook and Trend Analysis
North America overwhelmed the fog computing market in 2016. Major factors driving the local development incorporate the high implementation of IoT and expanding demand in continuous research on the improvement of fog architecture. For example, in the U.S., a venture has been started which empowers the movement lights to coordinate with associated vehicles to decrease the travel time. Also, the existence of a few players in the district is anticipated to prompt the early adoption of the technology. The Asia Pacific area represented an income share of more than 15% in 2016.

Competitive Insights
The leading players in the market are Nebbiolo Technologies, FogHorn Systems, Cisco Systems, Cisco Systems, IBM and PrismTech. Organizations are taking part in collaborations and partnerships to create successful solutions in the fog and edge landscape. For example, in June 2016, IBM Corporation and Cisco Systems, Inc. declared a partnership to incorporate Watson's IoT cloud programming with Cisco's new fog computing platform.

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Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2014-2023)
4.1.2. Canada Market States and Outlook (2014-2023)
4.1.3. Mexico Market States and Outlook (2014-2023)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2014-2023)
4.2.2. France Market States and Outlook (2014-2023)
4.2.3. UK Market States and Outlook (2014-2023)
4.2.4. Russia Market States and Outlook (2014-2023)
4.2.5. Italy Market States and Outlook (2014-2023)
4.2.6. Rest of Europe Market States and Outlook (2014-2023)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1. China Market States and Outlook (2014-2023)
4.3.2. Japan Market States and Outlook (2014-2023)
4.3.3. Korea Market States and Outlook (2014-2023)
4.3.4. India Market States and Outlook (2014-2023)
4.3.5. Rest of Asia-Pacific Market States and Outlook (2014-2023)
4.4. South America (Brazil, Argentina, Columbia and Rest of South America)
4.4.1. Brazil Market States and Outlook (2014-2023)
4.4.2. Argentina Market States and Outlook (2014-2023)
4.4.3. Columbia Market States and Outlook (2014-2023)
4.4.4. Rest of South America Market States and Outlook (2014-2023)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
4.5.1. Saudi Arabia Market States and Outlook (2014-2023)
4.5.2. UAE Market States and Outlook (2014-2023)
4.5.3. Egypt Market States and Outlook (2014-2023)
4.5.4. Nigeria Market States and Outlook (2014-2023)
4.5.5. South Africa Market States and Outlook (2014-2023)
4.5.6. Rest of MEA Market States and Outlook (2014-2023)
5. Fog Computing Market, By Solution
5.1. Introduction
5.2. Global Fog Computing Revenue and Market Share by Solution (2014-2018)
5.2.1. Global Fog Computing Revenue and Revenue Share by Solution (2014-2018)
5.3. Software
5.3.1. Global Software Revenue and Growth Rate (2014-2018)
5.4. Hardware
5.4.1. Global Hardware Revenue and Growth Rate (2014-2018)
6. Fog Computing Market, By Hardware

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