Fog Computing Market Strong Growth Pace of 2024 |key players includes : ADLINK, AppFog, ARM, AT&T, Cisco, Cradlepoint, Dell, Foghorn, GE Digital, IBM, Intel, Nebbiolo, Microsoft, and VIMOC

A detailed study on ‘Fog Computing market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in the projection timeline, while including their expansion strategies and portfolio.Fog Computing Market is set to exceed USD 700 million by 2024; according to a new research report.

Request a sample Report of Fog Computing Market at: https://www.marketstudyreport.com/request-a-sample/744119?utm_source=openpr.com&utm_medium=PC

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. 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 market adoption.

Fog computing solutions offer several benefits to the business, as they extend the cloud near the edge devices that generate and act on data. The model increases the business agility as it offers rapid innovation and affordable scaling options. It is cost effective and comparatively faster than cloud computing platforms. Furthermore, it provides better security, deeper insights, and privacy control. It also reduces the operating expenses by conserving the network bandwidth and locally processing the data rather than forwarding to the cloud platform.

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. 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.

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 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.

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 industry. 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.

Enquiry about Fog Computing market report before Buying at: https://www.marketstudyreport.com/enquiry-before-buying/744119?utm_source=openpr.com&utm_medium=PC

Some of the key companies in the fog computing industry are ADLINK, AppFog, ARM, AT&T, Cisco, Cradlepoint, Dell, Foghorn, GE Digital, IBM, Intel, Nebbiolo, Microsoft, and VIMOC. Collaboration and product launch has become one of the strategies used by the market players to increase the product portfolio and gain technical expertise. For instance, in 2015, Dell introduces its new Edge Gateway to provide fog computing solutions for industrial applications and building automation.

Global fog computing market research report includes in-depth coverage of the industry with estimates & forecast in terms of USD from 2015 to 2024, for the following segments:

By Component

Hardware

Controllers

Gateways

Routers & Switches

Sensors

Software

Services

Professional Services

Managed Services

By Deployment Model

Fog as a product

Fog as a service

By Application

Automotive

Energy & Utility

Healthcare

IT & Telecom

Manufacturing

Retail

Smart Infrastructure

Transportation

Others

The above information has been provided on a regional basis for the following:

Americas

U.S.

Canada

Brazil

Mexico

Europe

UK

Germany

France

Italy

Spain

Asia Pacific

China

India

Japan

South Korea

MEA

Ask for Discount on Fog Computing Market Report at: https://www.marketstudyreport.com/check-for-discount/744119?utm_source=openpr.com&utm_medium=PC

Some of the Major Highlights of TOC covers:

Chapter 1: Methodology & Scope

Definition and forecast parameters

Methodology and forecast parameters

Data Sources

Chapter 2: Executive Summary

Business trends

Regional trends

Product trends

End-use trends

Chapter 3: Fog Computing Industry Insights

Industry segmentation

Industry landscape

Vendor matrix

Technological and innovation landscape

Chapter 4: Fog Computing Market, By Region

Chapter 5: Company Profile

Business Overview

Financial Data

Product Landscape

Strategic Outlook

SWOT Analysis

About Us:

Marketstudyreport LLC allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Contact Us:

Market Study Report LLC

Phone: 1-302-273-0910

US Toll Free: 1-866-764-2150

Email: sales@marketstudyreport.com

This release was published on openPR.