Fog Computing Market Top Key Players 2024: Hitachi Data Systems, IBM, Intel Corporation, Microsoft, Oracle, Schneider Electric, Toshiba, ADLINK Technology, Arm, AT&T, Cisco, Cradlepoint, Dell, Fujitsu Global, GE Digital

Fog Computing Market in U.S. is the dominant country in the business, since it is home to numerous key vendors such as Cisco, Dell, IBM and Microsoft. Increasing R&D activities on this model and use of the technology in sectors especially automotive, transportation, and healthcare in the country is also bolstering the growth. Moreover, increasing adoption of IoT devices in the country will also contribute the market in the forecast period. Countries such as India, China, and South Korea will have highest growth in the forecast timeline due to increase in use of connected devices and cloud computing. Majority of the companies present in these countries are SMEs that are expected to use fog computing in 5-6 years, driving the market in APAC.

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Asia Pacific fog computing market is estimated to be the fastest growing region owing to the increasing adoption of the cloud computing platform in countries such as India and China. Furthermore, rapidly developing smart infrastructure such as smart cities and government initiatives in the developing countries are also estimated to have significant impact on the growth of the fog computing market. For instance, Indian government’s smart city development initiative, Digital India program and Make in India campaign is estimated to fuel the development of smart infrastructure, therefore increasing the demand for streaming data from cloud computing platform.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. ADLINK Technology
2. Arm
3. AT&T
4. Cisco
5. Cradlepoint
6. Dell
7. Fujitsu Global
8. GE Digital
9. Hitachi Data Systems
10. IBM
11. Intel Corporation
12. Microsoft
13. Oracle
14. Schneider Electric
15. Toshiba

Fog Computing Market size in 2016 was over USD 9 million, and is set to exceed USD 700 million by 2024; according to a new research report by Global Market Insights, Inc. Increasing penetration of cloud computing platforms is fostering the fog computing market growth. Over the past decade, cloud computing has emerged as a driving force in the IT ecosystem. It is estimated that approximately 80% of the enterprises are utilizing the capabilities of the cloud computing platform in their business and the number is further anticipated to increase in the future.

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Having being recognized as an economy where technological interventions have always had the most profound impression, U.S. is touted to emerge as one of the most pivotal regional markets. Experts believe that region’s healthcare space which has, of late, undergone a consequential transformation from volume to value based service model, would be primarily responsible for making U.S. the hot spot for fog computing market investors.

In fact, statistics depict that the regional healthcare giants have been increasingly integrating IoT devices in their operations in a bid to bring significant improvements in operational efficiency, power consumption, and overall cost reduction. The fact that healthcare applications require real time analysis and are latency sensitive, the growth scope of market from this particular sphere is claimed to be nothing but humougous.

The manufacturing sector is also one of the major end-users of the fog computing market solutions and holds huge potential for the industry revenue. The fog computing market growth can be credited to the increasing demand for process automation in the manufacturing sector to gain an edge over competitors. Furthermore, fog computing solutions enhance the operational efficiency by providing actionable insights and real-time monitoring of the operations, which is estimated to increase the adoption among manufacturing plants.

The growth of the fog computing market is attributed to the paradigm shift in the U.S. healthcare reimbursement systems from fee-for-service model to the outcome-based reimbursement model. This will encourage healthcare organizations to adopt IoT devices to reduce power consumption, improve operational efficiency, reduce cost, and enhance overall performance of business.

Browse key industry insights spread across 350 pages with 757 market data tables & 64 figures & charts from the report, “Fog Computing Market in detail along with the table of contents:

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With the increasing penetration of Internet of things in healthcare IT infrastructure, it goes without saying that the requirement of transmitting healthcare cloud to all verticals has become more important, in order to ensure real-time smart communications. Given this backdrop, experts claim, fog computing technology provides the foundational IoT infrastructure requirement for effectuating this process from novelty to reality.

In fact, as per experts’ opinion, market is set to remarkably influence value based supply chain model of healthcare fraternity in the coming years, with a considerable improvement in operational efficiency.

Furthermore, healthcare applications are latency sensitive and requires real-time analysis, any delay in transmitting data leads to serious consequences. Since fog computing enables the analysis of data at the edge of devices, its adoption among healthcare organization is further estimated to increase.

As cloud computing platforms offers computing, storage, and networking services across all the business sectors, it frees the customer and enterprises from the specifications of various details, which may result issues in latency sensitive applications in sector such as healthcare, energy & utility. These inherent challenges of cloud computing are forecast to positively impact the fog computing market adoption.

Some of the key companies in the fog computing market are ADLINK Technologies, AppFog, Arm, AT&T, Cisco, Cradlepoint, Crosser Technologies, Dell, Foghorn Systems, Fujitsu Global, GE Digital, Hitachi Data Systems, IBM, Intel Corporation, Microsoft, Nebbiolo Technologies, Oracle, Schneider Electric, Toshiba Corporation and Vimoc Technologies.

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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