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Fog Computing Market By type (Hardware, Software) By Application type (Buildings and home automation, Smart energy, Smart manufacturing, Transportation and logistics, Connected health, Security and emergencies, Others (smart environment and smart retail)) - Growth, Future Prospects, and Competitive Analysis, 2016 - 2028

About this report

The global fog computing market report explores the critical analysis of the Fog computing industry using key parameters. The report consists of investment strategies, the need for investments in the Fog computing industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the Fog computing industry, as well as how economic and non-economic barriers are helping the Fog computing market grow. Moreover, the report analyses the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

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Key Highlights of the report

How are the major segments performing in the Fog Computing Market?

  • In 2021, the hardware was the dominating segment in the component. The advancement of functionality and declining component cost of the devices drove the hardware segment growth. 
  • In 2021, the buildings and home automation category led the fog computing market in the application segment. Due to the increasing population and urbanization of the cities. In addition, the construction sectors are rapidly increasing, supporting the growth of building and home automation.

Which region dominated the Fog Computing Market?

In 2021, North America dominated with the highest market share in the global fog computing market. Due to the increasing expenditures on fog computing and IoT penetration and deployment is a growth in this region. The use of fog computing in various applications, such as smart homes, healthcare facilities, smart autos and others, is expected to drive the fog computing market in North America. Furthermore, fog computing technology is projected to grow with a substantial CAGR in the North American region due to the increased adoption of IoT and rising investment in fog computing research and development in this region. The market enterprise is profitable from improved network infrastructure in various North American countries. Increased expenditure in development using the concept of advanced technologies such as AL and IOT are also beneficial to the market in the North American region. Therefore, these factors are anticipated to support the fog computing market growth in the North American region.

What is the competitive environment of the Fog Computing Market?

The fog computing industry's competitive environment offers information on the total economic profit made by suppliers and businesses, the sales and revenues produced in this sector, the IoT market share globally, the business organization overview, the introduction of new products, and the opportunities for the fog computing market. For instance, in April 2019, Cisco Systems Inc. collaborated with Vodafone Idea Limited, which is one of the largest telecom service providers in India for deploying an automated multi-cloud network across the country to enable an unmatched experience for its retail and enterprise customers. Similarly, in June 2022, Cisco Systems Inc announced that it is collaborating with Axians, a Vinci Energies brand, to provide Cisco private 5G to enterprises across industries in Germany and the Netherlands.

Executive Summary

What are all technical developments being developed in the Fog Computing Market?

The expansion of the global fog computing market is being driven by an increase in demand for intelligent systems to boost productivity and efficiency. The increasing demand for cloud infrastructure in the countries which support the launches of new solutions in the global market. For instance, in October 2020, ARM limited launched its Cortex-A which helps to improve the daily tasks of individuals through fog computing. Similarly, in February 2021, Microsoft Corporation, launched Azure Stack HCI in India to empower businesses with advanced hybrid cloud capabilities.

Which are the key investments by the players in the Fog Computing Market?

Fog computing systems have been used in a variety of industries including building & home automation, smart energy, smart manufacturing, transportation & logistics, connected health, and others due to their exceptional flexibility and capacity to be adaptable in any setting. Various investments are made among the key player. For instance, in March 2022, Intel Corporation announced that it has planning to invest USD 20 billion in Ohio, U.S. for the two chip manufacturing facilities. Thus, this investment expands the capabilities of the company and increases revenue generation in the coming years.

Some of the major players in the market are Cisco Systems Inc., Microsoft Corporation ARM Holdings PLC, Intel Corporation, GE Digital, Fujitsu Ltd., Schneider Electric Software LLC, Toshiba Corporation, Prismtech Corporation, Dell Inc., and Nebbiolo Technologies.

What are the Major Driving Factors for the Fog Computing Market?

The rising demand for the fog computing market due to internet things is globally considered the major factor. Many smart devices connected over the internet for common platforms fog computing have been made into many verticals such as healthcare, smart homes, efficient manufacturing, smart appliances and many others. High bandwidth networks have an easy flow of data, and adapting problem-solving mechanisms are driving the growth of the fog computing market. Furthermore, the fog architecture in technological advancements, such as AL, is the information recovery and processing forward to related devices, including the cloud. The emergence of 5g technology is also the authority of the fog computing market. Moreover, the government supported the advancement and deployment of fog computing. The increasing need for high-speed data, short response time, and other activities in fog computing is also driving the growth of the fog computing market. 

What are the Major Risks for the Fog Computing Market?

The lack of skills in fog computing technologies and the lack of uniform governance standards are the major factors that hamper the fog computing market. Furthermore, the security and privacy concerns endure as a hindrance to the fog computing market growth. Moreover, with the internet comes many issues such as hacking, data loss, copyright and many others that are also negatively impacted on the fog computing market.  

Which is the key Application type in the Fog Computing Market?

The application type is classified into buildings and home automation, smart energy, connected health, smart manufacturing, connected vehicles, security and emergency systems, transportation and logistics and others (smart environment and smart retail). The buildings and home automation applications dominate the market due to increasing population and urbanization, and the construction sectors are rapidly increasing. All our need smart homes and buildings. The smart manufacturing segment dominates the market during the forecast period due to several sensors required for manufacturing facilities that generate a large amount of data. The use of fog computing helped manufactures companies to reduce operational capabilities by making use of real-time data to take a decision. 

How is the Fog Computing Market performing in regions?

In 2021, North America dominated the highest market share in the global fog computing market. These Applications, such as smart homes, healthcare facilities, smart autos and others, are driving the fog computing market in North America. Due to the increasing expenditures on fog computing and IoT penetration and deployment is a growth in this region. Furthermore, fog computing technology is projected to have a wide future in the North American region due to the increased adoption of IoT and increased investment in fog computing research and development in this region. The market enterprise is profitable from improved network infrastructure in various countries. Increased expenditure in development using the concept of advanced technologies such as AL and IOT are also beneficial to the market in the North American region.

The Asia Pacific is expected to grow considerably. Due to cost-effectively, the Asia pacific countries such as India, japan, china and others have looked at a high number of transition countries to cloud usage platforms, and cloud computing is covered to a way of fog computing technologies. At the same time, Asia Pacific's expansion is mostly due to business and the adoption of cloud platforms to improve efficiency and increase the government's focus on smart buildings and hospitals. The Asia pacific predicted the highest CAGR during the projection period. 

What is the regulatory landscape for the Fog computing market?

The regulatory landscape for this market is that governments are exploring a supportive regulatory approach across regions. Due to the high demand for automation in every sector such as manufacturing, construction, healthcare, education, and other which support the fog computing market. Furthermore, governments also use these technologies for their use such as monitoring and storing huge data which is also one of the major supports for the global fog computing market.

What is the Market Size of the Fog computing market regarding value?

The global Fog computing market is anticipated to grow at a substantial CAGR of 45.30% in the upcoming years. The global Fog computing market was estimated to be worth USD 180.5 million in 2021 and was expected to be worth USD 1,698.52 million by 2028.

What major players are planning for the future of the Fog computing market?

The key players in the fog computing market are investing heavily in numerous cutting-edge technologies, including cloud computing, artificial intelligence, and others. Additionally, the future scenarios indicate that well-known market players would make major investments in startups and medium-sized businesses to provide effective solutions to the industry. There are high predictions that the major players will acquire or merge with the major companies or startups to gain a competitive edge.

Segmentation of Global Fog computing market-

Global Fog Computing Market – By type

  • Hardware 
  • Software 

 Global Fog Computing Market – By Application type

  • Buildings and home automation 
  • Smart energy  
  • Smart manufacturing
  • Transportation and logistics
  • Connected health 
  • Security and emergencies 
  • Others (smart environment and smart retail)

Global Fog Computing Market – By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently Asked Questions (FAQs):

The rising demand for the fog computing market due to internet things is globally considered the major factor. Many smart devices connected over the internet for common platforms fog computing have been made into many verticals such as healthcare, smart homes, efficient manufacturing, smart appliances and many others. High bandwidth networks have an easy flow of data, and adapting problem-solving mechanisms are driving the growth of the fog computing market. Furthermore, the fog architecture in

The global Fog computing market is anticipated to grow at a substantial CAGR of 45.30% in the upcoming years. The global Fog computing market was estimated to be worth USD 180.5 million in 2021 and was expected to be worth USD 1,698.52 million by 2028.

In 2021, North America dominated with the highest market share in the global fog computing market. Due to the increasing expenditures on fog computing and IoT penetration and deployment is a growth in this region. The use of fog computing in various applications, such as smart homes, healthcare facilities, smart autos and others, is expected to drive the fog computing market in North America. Furthermore, fog computing technology is projected to grow with a substantial CAGR in the North America.

The main competitors dominating the global fog computing market include Cisco Systems Inc., Microsoft Corporation ARM Holdings PLC, Intel Corporation, GE Digital, Fujitsu Ltd., Schneider Electric Software LLC, Toshiba Corporation, Prismtech Corporation, Dell Inc., and Nebbiolo Technologies.

Fog Computing Market Scope

Report Attribute Details
Market Value in 2021 USD 180.5 Million
Market Value in 2028 USD 1,698.52 Million
CAGR 45.30%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
Choose License Type
Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Aug 2022
Category:  Information and Communications Technology
Report ID:   60622
Report Format:   PDF
Pages:   190
Rating:    4.6 (16)
Delivery Time: 24 Hours to 48 Hours   
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