Fog Computing Market Increasing Demand, Growth Analysis and Future Outlook by 2031

The global fog computing market is anticipated to grow at a significant CAGR 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.

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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.

Global Fog Computing Market Report Segmentation

By Component

• Hardware
• Software

By Application

• Connected Health
• Smart Energy
• Smart Manufacturing
• Smart City
• Transportation and Logistics
• Building & Home Automation
• Security and Emergency Systems

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Fog Computing Market Report Segment by Region

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

• Dell, Inc.
• Cisco Systems, Inc.
• General Electric Co.
• Fujitsu Ltd.

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