The global fog computing market is expected to reach USD 617.3 million by 2025, according to a new report by Grand View Research, Inc.
The increasing demand from end-use industries is expected to propel the industry growth. Fog computing is an advancement in Internet of Things (IoT) that has shifted data processing out of the cloud into devices. With the growing number of IoT deployments, the amount of data is multiplying, thereby giving rise to several challenges involved in uploading and processing this data. This has led to the emergence of fog computing to store and process the vast amount of data within a short time frame. Organizations are involved in developing effective solutions to cater to the needs of end-use industries. For implementing the fog computing technology, it is necessary for organizations to have a robust network performance management capability.
The growth in the machine-to-machine communication has opened growth opportunities for organizations to transition to fog computing to achieve faster decision-making capabilities and reduce the operating costs through its real-time tracking and analyzing abilities. Moreover, the technology supports interface and resource heterogeneity along with the distributed data analytics to address the requirements of widely distributed low latency applications. However, the fragmented technology standards and rising interoperability issues are limiting the industry growth.
Further key findings from the report suggest: - The software segment is expected to witness the fastest growth as software vendors are tapping the opportunities generated by fog computing at several application and platform layers
- The routers & switches segment is expected to account for a revenue share of over 30% by 2025; this growth can be attributed to the need for collecting the excessive amount of data from different applications
The smart manufacturing segment is expected to grow at a CAGR of over 60% as fog computing helps the manufacturing companies in making better decisions with real-time data to reduce the operational costs.
- The smart grids segment is expected to account for over 20% of the market share by 2025; the need for remote monitoring to reduce disruption in operations is expected to drive demand
- The North American fog computing market is expected to grow at the highest rate over the forecast period, with increased adoption of IoT in the manufacturing and healthcare industries driving the regional growth
The key industry players include PrismTech, Cisco Systems, Inc., FogHorn Systems, and Nebbiolo Technologies
Our reports have been used by over 10K customers, including:
This IDC Market Perspective gives a comparative overview of the Gulf Cooperation Council (GCC) region's most recent digital policies and regulatory initiatives on key emerging technologies such as the Internet of Things (IoT), cloud computing, and artificial intelligence (AI). This overview is placed in the context of recent policy and regulatory...
In recent years, the global commercial aerospace maintenance, repair, and operations (MRO) digitization market has registered rising digital solution adoption.With high entry barriers and a small profit margin, the industry is adapting and innovating to survive and thrive amid the COVID-19 pandemic. MRO firms and supporting supply chains...
Internet of Things Market in Healthcare market is one of the high-growth prospect industries with potential opportunities throughout 2028. The Internet of Things Market in Healthcare Market growth analysis and insights report analyzes emerging market trends, market size outlook, potential opportunities, market share by Internet of Things Market...
175 pages •
By The Business Research Company
• Sep 2021
Major players in the Internet of Things (IoT) security market are Cisco, IBM, Intel, Infineon and Symantec Corporation. The global IoT security market is expected to grow from $1.95 billion in 2020 to $2.22 billion in 2021 at a compound annual growth rate (CAGR) of 13.8%. The growth is mainly due to the companies resuming their operations...
The global data acquisition (DAQ) system market reached a value of US$ 1.4 Billion in 2020. Looking forward, the market is expected to reach a value of US$ 2.62 Billion in 2026, growing at a CAGR of 11.98% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the...
The global robot end effector market exhibited strong growth during 2015-2020. Looking forward, the analyst expects the market to grow at a CAGR of 12.4% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic...
The manufacturing industry is increasingly focused on improving business process ef?ciency and quality, in addition to customer experience. The Start-Up Tracker is a resource to help the ecosystem participants identify solution providers with offerings that match industry challenges. The Start-Up Tracker provides a rich database of start-up...
Quality Management Software Market Size, Share & Trends Analysis Report By Solution (Complaint Handling, Document Control), By Deployment, By Enterprise Size, By End Use, By Region, And Segment Forecasts, 2021 - 2028 Quality Management Software Market Growth & Trends The global quality management...
The electrical digital twin market is projected to reach USD 1.3 billion by 2026 from an estimated USD 0.8 billion in 2021, at a CAGR of 12.2% during the forecast period. The global electrical digital twin market is driven by the reduction in unplanned downtime and operation & maintenance costs and the increase in efficiency and optimization...
The global cloud ITSM market exhibited strong growth during 2015-2020. Looking forward, the analyst expects the market to grow at a CAGR of around 17% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic...
Internet Of Things
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.