Fog Computing

Fog Computing Market - Global Industry Insights, Opportunity
Analysis, 2018–2025
Requirement of managing service offerings at the network edge to enhance the
efficiency and avoid the network bottlenecks, is expected to propel the growth over
the forecast period. Proliferation of IoT and internet enabled devices has led to
exponential increase in data generation and access requirement at the end user
leading to significant increase in the traffic generated. Traffic patterns vary based on
the user inclination, however, they are concentrated in the metropolitan areas across
the globe. Inadequacy of the cloud and internet networks to efficiently manage the
data stream across its regional expanse also adds to the requirement of
infrastructure in the proximity of the users. Advent of connected technologies such
as connected homes, buildings, smart energy, connected factory operations,
connected vehicles, and OTT content are among the prominent factors anticipated to
fuel the demand for fog computing methodologies to avoid the network bottlenecks.
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Mission critical applications such as cloud robotics, fly-by wire aircraft control, and
automotive anti-lock brakes require real time data processing. Control and
management of the operations is directly dependent on the information collected by
the sensors and the control system feedback. Event of the control system being run
on cloud may negatively impact the sense-process-actuate loops or unavailable due
to communication failures. However, low latency requirement of the fog computing
can be used to perform the control system processing making the real-time reaction
feasible. This methodology primarily aims at processing the incoming data in
proximity to the data source itself and reduces the burden on the cloud processing,
thus addressing scalability requirements, owing to increasing number of endpoints.
Software segment contributed to around 65% revenue of the fog computing market,
is expected to remain the dominating revenue segment through the forecast period
Overall IT components costs have witnessed substantial decline over the past few
years, in conjunction with considerable advancement leaps in the processing and
compactness over the past few years. Connectivity costs have witnessed consistent
price reductions with the advent of fast communication technologies such as 3G, 4G,
and LTE. Software as a Service (SaaS) and the usability of these in analytics,
e-commerce, collaboration, and other business functions has witnessed increased
penetration at exponential rates. Thus, software solution segment is expected to
dominate the market over the forecast period.
The U.S. dominated overall fog computing market share, owing to the high adoption
in the country
Major investment in the R&D activities in the region, primarily in the automotive
segment is expected to fuel the industry growth. The government has introduced a
number of initiatives to revolutionize the automotive technologies, so as to reduce
the number of road accidents and fatalities. Introduction of V2V communication, and
V2I communication (or V2X) technologies are few of the initiatives in the process,
which is expected to provide considerable growth prospects over the forecast period.
The exponential rate of urbanization and industrialization in the Asia Pacific countries
such as China, India, Indonesia, Thailand, Malaysia, South Korea, and Japan are
expected to provide growth opportunities to key players in the market.
Key players operating the fog computing market include Microsoft Corporation, ARM
Holdings PLC, Cisco Systems, GE Digital, Intel Corporation, Schneider Electric
Software LLC, and Fujitsu Ltd.
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Fog Computing Market report is segmented on the basis of Solutions , End Use, Application - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018–2025