Fog Computing Market Is Likely to Experience a Tremendous Growth by 2029

Fog Computing Market is expected to grow at a moderate rate during the forecast period. The market growth is majorly attributed to the fact that with the growing internet penetration, the ever-rising mines of data viably need to be stored, processed, and computed. Further, the integration of advanced technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT) has resulted in exponential data and the devices' proliferation. Although cloud computing was the solution to this challenge in the first place, the cloud being a centralized computing structure had its own latency issues.

Owing to this, the majority of renowned companies today are shifting to fog computing for keeping resources and transactions at the edge of a network. This is where fog computing aims at minimizing an organization's cost of data storage and processing by providing it with a decentralized platform for placing resources in logical locations to enhance performance. For instance, in November 2018, FogHorn Systems announced its collaboration with hardware giant Dell, Inc. This strategy was aimed at developing platforms that will enable commercial as well as industrial customers to leverage the power of edge/fog computing quickly and provide real-time insights to streamline operations and reduce costs.

The challenges of real-time data processing, high network speeds, and latency can be overcome by using Information and Communication Technologies, such as fog computing. Such computing technologies bring compute and storage capabilities to the edge of the network and enable their optimal applications in real-time and context-based business. All industry verticals can find relevant application areas that can benefit from fog computing networks. The major players operating in the market include Dell, Inc., Cisco Systems, Inc., General Electric Co., Fujitsu Ltd., among others.

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Market Coverage

Market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others
Fog Computing Market Segmentation

By Component

Hardware
Software
By Application

E-Health
Oil & Gas
Transportation & Logistics
Smart City
Manufacturing
Building & Home Automation
Smart Grids
Others (Video Streaming and Environmental Monitoring)
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Regional Analysis

North America

United States
Canada
Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific

China
Japan
India
Rest of Asia-Pacific
Rest of the World

Middle East & Africa
Latin America
Company Profiles

Amazon Web Services, Inc.
Chaos Prime, Inc.
Cisco Systems, Inc.
Cloudera, Inc.
Crosser Technologies
Dell, Inc.
FogHorn Systems
Fujitsu Ltd.
General Electric Company
IBM Corp.
Intel Corp.
Itron, Inc.
Microsoft Corp.
Nebbiolo Technologies, Inc.
OSIsoft, LLC
SAP SE
Schneider Electric SE
Tata Consulting Services Ltd.
Toshiba Digital Solutions Corp.
V5 Systems, Inc.
VMware, Inc.
WICASTR Ltd.
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