Global Fog Computing Market 2024-2028
The fog computing market is forecasted to grow by USD 4080.2 mn during 2023-2028, accelerating at a CAGR of 70.51% during the forecast period. The report on the fog computing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by exponential increase of IoT due to rise in communication between verticals, rising demand for decentralized cloud computing to reduce latency in decision-making, and optimizing network traffic for sustainable energy usage.
Technavio's fog computing market is segmented as below:
By Component
By Application
- Utilities
- Healthcare
- Transportation
- Industrial
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the deployment of industry 4.0 infrastructure as one of the prime reasons driving the fog computing market growth during the next few years. Also, development of 5G telecommunication networks and emergence of M2M communication systems will lead to sizable demand in the market.
The report on the fog computing market covers the following areas:
- Fog computing market sizing
- Fog computing market forecast
- Fog computing market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading fog computing market vendors that include ADLINK Technology Inc., Aikaan Labs, Amazon.com Inc., Arm Ltd., AT and T Inc., Atos SE, Cisco Systems Inc., Crosser Technologies, Dawn Acquisitions LLC, Dell Technologies Inc., General Electric Co., Hitachi Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., Schneider Electric SE, Telefonaktiebolaget LM Ericsson, Terawe Corp., Thoughtworks Holding Inc, and Toshiba Corp.. Also, the fog computing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.