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Fog Computing Market worth $6.96 billion by 2030, growing at a CAGR of 14.36% - Exclusive Report by 360iResearch
Fog Computing Market | 360iResearch
The Global Fog Computing Market to grow from USD 2.72 billion in 2023 to USD 6.96 billion by 2030, at a CAGR of 14.36%.
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Fog computing is a decentralized infrastructure in which data, computing, storage, and applications are located between the data source and the cloud. Fog computing or fog networking, or fogging, is an architecture that utilizes edge devices to carry out a significant amount of computation, storage, and transmission locally and routed over the Internet backbone. This fog computing infrastructure performs real-time processing of the data they receive, with a millisecond response time. Fog computing is often done to improve efficiency, though it may also be used for security and compliance. Rising awareness and concern about privacy and data security and increasing integration of fog computing in 5G technology drive market development. However, a lack of technical experts and knowledge of fog computing technologies may hamper the market growth in the forecasted period. The factors contributing to the market opportunity are the rising prevalence and integration of IoT and artificial intelligence in fog computing, a key enabler for providing efficient, effective, and manageable communication between many smart IoT devices.
The Americas has a significant landscape owing to the intense research & development (R&D) in fog computing, higher penetration of the Internet of Things (IoT), and the creation of several IoT and cloud start-ups are the primary driving reasons for growth in the Americas. In Europe, rising advancement and new product development by key market players, government support for the expansion of connected cars, smart city initiatives, and widespread usage of cloud solutions in the fog computing market are expected to advance the market in the region. Asia-Pacific countries such as China, Japan, Australia, India, and others have seen the highest number of countries transition to cloud computing & cloud platform usage, paving the way for fog computing technologies. While the expansion in Asia-Pacific is primarily due to businesses' widespread adoption of cloud platforms to improve efficiency and the government's increased focus on smart cities and intelligent buildings.
Market Segmentation & Coverage:
This research report categorizes the Fog Computing Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Hardware and Software. The Software is further studied across Customized Application Software and Fog Computing Platform. The Software is projected to witness significant market share during forecast period.
Based on Component, market is studied across Data Processors, Fog Nodes, Physical & Virtual Nodes, and Security Tools. The Fog Nodes is further studied across Devices, Gateaway, and Servers. The Data Processors is projected to witness significant market share during forecast period.
Based on Application, market is studied across Building & Home Automation, Connected Healthcare, Security & Surveillance, Smart Energy, and Smart Manufacturing. The Smart Manufacturing is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Fog Computing Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Fog Computing Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Fog Computing Market, highlighting leading vendors and their innovative profiles. These include ADLINK Technology Inc., Amazon Web Services, Inc., AT&T, Inc., Cisco System, inc., ClearBlade, Inc., Cloudflare, Inc., Cradlepoint, Inc., Dell, Inc., Digi International Inc., Edge Intelligence Software, Inc., F5, Inc., Fujitsu Limited, General Electric Company, Google LLC by Alphabet, Inc., Hewlett Packard Enterprise Development LP, Hitachi, Ltd., Huawei Technologies Co., Ltd., Intel Corporation, International Business Machine Corporation, IOTech Systems Limited, Johnson Controls International PLC, Litmus Automation Inc., Microsoft Corporation, Moxa Inc., NXP Semiconductors N.V., Oracle Corporation, Saguna Networks Ltd., SAP SE, Schneider Electric SE, TATA Consultancy Services Limited, Toshiba Corporation, VMware, Inc., and zion Technologies, Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Fog Computing Market, by Type
7. Fog Computing Market, by Component
8. Fog Computing Market, by Application
9. Americas Fog Computing Market
10. Asia-Pacific Fog Computing Market
11. Europe, Middle East & Africa Fog Computing Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Fog Computing Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Fog Computing Market?
3. What is the competitive strategic window for opportunities in the Fog Computing Market?
4. What are the technology trends and regulatory frameworks in the Fog Computing Market?
5. What is the market share of the leading vendors in the Fog Computing Market?
6. What modes and strategic moves are considered suitable for entering the Fog Computing Market?
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