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Fog Computing Market by Offering, Application, and Geography - Global Forecast to 2022

Fog Computing Market: Global Forecast until 2022

  • September 2016
  • 128 pages
  • ID: 4147668
In this report:
The fog computing market in the Americas is expected to grow from USD ##.## million in 2017 to USD ##.## million by 2022, at the highest CAGR of ##.##% during the forecast period, followed by Europe at an estimated CAGR of ##.##% during the forecast period.
Out of these regions, the Americas accounted for the largest share of the fog computing market and is expected to grow at a CAGR of ##.##% between 2017 and 2022 mainly due to the strategic initiatives taken by many big American technology firms such as CISCO (U.S.) and Microsoft (U.S.) for fog computing applications.


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"Growing Internet of Things is predicted to push the fog computing market during the estimate period"

The fog computing market, in terms of value importance, is forecasted to grow from ~$22.3M in 2017 to ~$203.5M by 2022, at a compound annual growth rate of 55.60 percent between 2017 and 2022.

The fog computing market is influenced by Elements such as the growing adoption of Internet of Things global, increasing demand for computing capability at the edge, high adoption of smart sensors that would create huge amount of data, and mainstreaming of cloud computing. The rising government and private funding across the world for analysis and development in IoT, cloud and fog, and scope for innovative cross-domain applications offer significant increase opportunities in the industry.

"Smart manufacturing and smart energy application domain are forecast to steer the fog computing market in the very close future"

The smart manufacturing application is forecasted to hold the biggest share of the fog computing market by 2022, while the smart manufacuting application is anticipated to witnessthe more significant increase rate between 2017 and 2022. Presently, the sensors for various functions used in factories or manufacturing units generate huge amounts of data per hour which needs to be transferred to the cloud for computing. This transfer of the data to and from the cloud takes time and is not considered ideal for functions that require real-time processing of data for critical decision making. Fog computing is a solution for these problems as fog brings the power of computing at the edge of the network, thus helping to solving the problem in real time. This would help manufacturing firms in terms of better decision making with real-time data, which would also help in reducing operating cost.

"Fog computing market in the Americas area would grow at the maximal rate during the outlook period"

Countries including the U.S. and Canada (CA) are aggressively taking initiatives including heavy investments in Research and development to encourage the adoption of Internet of Things in the territory, which is anticipated to boost the industry demand for fog computing in the upcoming future. The sector in the whole Americas comprises develpoed economies including the U.S. and Canada (CA) which have a huge potential for applications of Internet of Things. These emerging sectors of IoT and cloud computing are driving the increase of the fog computing market in the whole Americas.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions have been managed with people holding main positions across different regions. The breakup of the profile of primary members taking part has been provided below:

- By Company category: Tier 1 - 43 %, Tier 2 - 31.0 percent, and Tier 3 - 26.0 percent

- By Designation: C-suite executives - 38.0 percent, Directors - 34.0 percent, and Others - 28.0 percent

- By area: Americas - 37.0 percent, Europe - 28.0 percent, APAC - 23.0 percent, and rest of the world - 12.0 percent

The top players engaged in the development of fog computing are Cisco Systems (NASDAQ:CSCO), Microsoft (NASDAQ:MSFT), ARM Holding Plc., Dell Inc., Intel (NASDAQ:INTC), Fujitsu (TYO:6702), GE Digital, and PrismTech Corporation.

Why Purchasing This Study Can Help You:

The analysis would benefit the market top players/new sector entrants in this sector in these ways:

1. This document breaks down the fog computing market comprehensively and offers the closest approximations of the market sizes for the global market segments and sub-segments across several verticals and localities.

2. The market research benefits partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives

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