Fog Computing
Market - Overview
The upsurge in
cloud computing data centres is predicted to drive the Fog
Computing Market in 2020. The cloud
reports are made by Market Research Future, which includes market options for
progress. An optimistic CAGR is projected to promote the global market by 2022.
The leveraging of
fog computing in smart homes and smart manufacturing is estimated to spur the
fog computing market size in the forecast period. The user base in the market
is estimated to multiply due to improvement in the integration of process and
intelligence. Also, the need to minimize network latency is predicted to
bolster the global market in the impending period.
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Segmental
Analysis
The segmental
evaluation of the fog computing market is carried out on the basis of type,
application and region.
On the basis of
application, the fog computing market is segmented into smart energy, building
& home automation, smart manufacturing, connected health, security &
emergencies, smart transportation, and others.
Based on the
region, the fog computing market is segmented into North America, Europe,
Asia-Pacific and other critical regional markets.
Based on the type,
the fog computing market is segmented into hardware and software such as
customized application software and fog computing platform.
Detailed
Regional Analysis
The regional
investigation of the fog computing is conducted for regions such as North
America, Europe, Asia-Pacific and other critical regional markets.
It has been perceived that the regional market
for North America would govern the fog computing market due to influences such
as growing implementation of internet of things in uses such as connected
healthcare and smart homes. The several companies funding the expansion of fog
computing market are situated in the North American region.
The Asia Pacific
regional fog computing market is projected to display encouraging development
in the forecast period due to aspects such as mounting concentration of
governments, cloud and data centre businesses, trade organizations and
non-governmental organizations regarding cloud computing and the digital
economy.
The expansion of
the fog computing market in the Asia Pacific region is estimated to be
bolstered by the investment being made towards creation of a more robust
portfolio in the coming period. The European region is also expanding its
market share as the need to manage data efficiently is estimated to fuel the
next stages of expansion.
Competitive
Analysis
The competition in
the market is estimated to ramp up because of the lack of profitable
opportunities in the market. The optimization of the resources in the market is
predicted to create promising options for growth in the impending period. The
recalibration of the supply chains is estimated to undertaken at a fast pace in
this period ahead. The economic downturn is predicted to induce contenders into
carrying out deliberation of their opportunities to plan for the long term
expansion. Also, the market is estimated
to focus on a locally based structure to reduce operating cost in these times.
The imperative conditions for growth are estimated to spur the market
considerably in the impending period. The need to transform the service and the
product delivery is projected to create a favourable scope for development of
the market. The marketing budgets in the market are estimated to be restricted
due to the lack of liquidity in the market, and this is foreseen to transform
the overall market in the impending period.
The important
companies in the fog computing market are Microsoft Corporation (U.S.), ARM
Ltd. (U.K.), Toshiba Corporation (Japan), Intel Corporation (U.S.), Dell Inc.
(U.S.), Fujitsu (Japan), Schneider Electric Software, LLC (Japan), PrismTech
Corporation (U.S.), Cisco Systems Inc. (U.S.), and Nebbiolo Technologies (U.S.)
among others.
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