Global Fog Computing Market Set To Grow At Healthy CAGR Forecast By 2024 With Top Key Players Like Arm, AT&T, Cisco, Cradlepoint, Dell, Fujitsu Global, GE Digital, Hitachi Data Systems, IBM, Intel Corporation, Microsoft, Oracle, Schneider Electric, Toshib

Global fog computing market is expected to gain massive momentum in the decades to come, perhaps attributed to the unprecedented growth of IoT and machine to machine services. With the proliferation of IoT applications and an increase in the volume of data being produced by the organizations, fog computing aims to simplify processing and IoT infrastructure.

Fog computing solutions reinforce the operations of computing, storage, and networking services among data centers and end devices. Estimates show that global fog computing market will be valued at over USD 700 million by 2024.

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Fog computing delivers improved security, offers low latency, and enhances the quality of services for real-time applications. Subsequently, this has led to the strengthening of fog technology adoption across myriad domains.

Reports estimate that the smart infrastructure application segment is projected to surpass over 70% growth rate by 2024. Rising deployment of dynamic IT infrastructure along with increasing digitalization and unveiling of favorable government policies for the development of smart cities will accelerate fog computing market trends.

The Major Key Players in The Fog Computing Market are as follows:
1. Arm
2. AT&T
3. Cisco
4. Cradlepoint
5. Dell
6. Fujitsu Global
7. GE Digital
8. Hitachi Data Systems
9. IBM
10. Intel Corporation
11. Microsoft
12. Oracle
13. Schneider Electric
14. Toshiba

For instance, the government of India has announced its plan to make smart cities for establishing a sustainable and efficient urban mobility and public transport system. The government has also prepared the National Electric Mobility Mission Plan 2020, which would aid in the implementation of smart multimodal transport solutions.

The technology helps in building a sustainable sensing infrastructure for smart city applications and also play a valuable role in access control, security, and surveillance system, and building control.

Fog computing solutions have played a vast role in the domain of cloud computing. Due to its ability to extend cloud services towards the edge of the network, it has improved quality of services to provide better user experience.

This would drive the demand for highly competent fog computing solutions that instantaneously deliver holistic intelligence and low latency, subsequently propelling fog computing market trends. In addition, the hardware market had contributed significantly to the market share in 2016 and is anticipated to maintain its dominant share of nearly 45% by 2024.

Growing advancements in the functionality and design of devices along with lowering prices of sensors and semiconductors devices are some of the prominent factors that have encouraged the adoption of fog computing hardware in organizations.

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Reports estimate that Europe fog computing market will register nearly 70% CAGR over the estimated timeline owing to increasing penetration of the Internet of Things in various sectors in order to ensure real-time smart communications along with implementation of governments' favorable policies for the development of digital infrastructure.

In May 2017, Fujitsu had established its cloud infrastructure in Spain with the unveiling of its new cloud service K5. This new K5 technology-aided Spanish companies in breakthrough technologies such as AI, big data, and IoT. Such advancements and steps taken to improve IT infrastructure in the region have propelled the revenue graph for fog computing industry participants.

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