Europe Fog Computing Market Size, Share & Trends Analysis Report By Component (Software, and Hardware), By Application, By Country and Growth Forecast, 2024 - 2031
The Europe Fog Computing Market would witness market growth of 49.8% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Fog Computing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $571.6 million by 2031, growing at a CAGR of 48.3 % during the forecast period. The UK market is expected to witness a CAGR of 49% during (2024 - 2031). Additionally, The France market is expected to witness a CAGR of 51% during (2024 - 2031).
Fog computing is designed to address some of the challenges posed by the growing reliance on cloud computing in an era where connected devices are increasing at an unprecedented rate. Centralized cloud solutions are finding it increasingly challenging to manage the overwhelming volume of data generated, as the global number of IoT devices is anticipated to reach tens of billions in the coming years.
Moreover, cloud computing, while offering vast storage and computational resources, struggles with latency, bandwidth limitations, and the high cost of transmitting massive amounts of data to and from remote data centers.
The demand for fog computing across Europe has been steadily rising, driven by advancements in IoT and the growing need for real-time data processing across various industries. The European Union’s Digital Europe Programme, which aims to boost the EU's digital capacities, has encouraged deploying advanced technologies like fog computing. The region's strong emphasis on data sovereignty and localized processing, in compliance with GDPR, further boosts the relevance of fog computing in Europe.
Based on Component, the market is segmented into Software, and Hardware (Gateways, Routers & Switches, IP Video Cameras, Sensors, and Micro Data Sensors). Based on Application, the market is segmented into Smart Manufacturing, Connected Vehicles, Smart Grids, Smart Cities, Connected Healthcare, and Other Applications. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Cisco Systems, Inc.
- Microsoft Corporation
- Dell Technologies, Inc.
- Intel Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- IBM Corporation
- General Electric Company
- Schneider Electric SE
- Hewlett Packard Enterprise Company
- Oracle Corporation
By Component
- Software
- Hardware
- Gateways
- Routers & Switches
- IP Video Cameras
- Sensors
- Micro Data Sensors
- Smart Manufacturing
- Connected Vehicles
- Smart Grids
- Smart Cities
- Connected Healthcare
- Other Applications
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Fog Computing Market, by Component
- 1.4.2 Europe Fog Computing Market, by Application
- 1.4.3 Europe Fog Computing Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Jul – 2024, Jan) Leading Players
- 4.5 Porter Five Forces Analysis
- Chapter 5. Europe Fog Computing Market by Component
- 5.1 Europe Software Market by Country
- 5.2 Europe Hardware Market by Country
- 5.3 Europe Fog Computing Market by Hardware Type
- 5.3.1 Europe Gateways Market by Country
- 5.3.2 Europe Routers & Switches Market by Country
- 5.3.3 Europe IP Video Cameras Market by Country
- 5.3.4 Europe Sensors Market by Country
- 5.3.5 Europe Micro Data Sensors Market by Country
- Chapter 6. Europe Fog Computing Market by Application
- 6.1 Europe Smart Manufacturing Market by Country
- 6.2 Europe Connected Vehicles Market by Country
- 6.3 Europe Smart Grids Market by Country
- 6.4 Europe Smart Cities Market by Country
- 6.5 Europe Connected Healthcare Market by Country
- 6.6 Europe Other Applications Market by Country
- Chapter 7. Europe Fog Computing Market by Country
- 7.1 Germany Fog Computing Market
- 7.1.1 Germany Fog Computing Market by Component
- 7.1.1.1 Germany Fog Computing Market by Hardware Type
- 7.1.2 Germany Fog Computing Market by Application
- 7.2 UK Fog Computing Market
- 7.2.1 UK Fog Computing Market by Component
- 7.2.1.1 UK Fog Computing Market by Hardware Type
- 7.2.2 UK Fog Computing Market by Application
- 7.3 France Fog Computing Market
- 7.3.1 France Fog Computing Market by Component
- 7.3.1.1 France Fog Computing Market by Hardware Type
- 7.3.2 France Fog Computing Market by Application
- 7.4 Russia Fog Computing Market
- 7.4.1 Russia Fog Computing Market by Component
- 7.4.1.1 Russia Fog Computing Market by Hardware Type
- 7.4.2 Russia Fog Computing Market by Application
- 7.5 Spain Fog Computing Market
- 7.5.1 Spain Fog Computing Market by Component
- 7.5.1.1 Spain Fog Computing Market by Hardware Type
- 7.5.2 Spain Fog Computing Market by Application
- 7.6 Italy Fog Computing Market
- 7.6.1 Italy Fog Computing Market by Component
- 7.6.1.1 Italy Fog Computing Market by Hardware Type
- 7.6.2 Italy Fog Computing Market by Application
- 7.7 Rest of Europe Fog Computing Market
- 7.7.1 Rest of Europe Fog Computing Market by Component
- 7.7.1.1 Rest of Europe Fog Computing Market by Hardware Type
- 7.7.2 Rest of Europe Fog Computing Market by Application
- Chapter 8. Company Profiles
- 8.1 Cisco Systems, Inc.
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Regional Analysis
- 8.1.4 Research & Development Expense
- 8.1.5 Recent strategies and developments:
- 8.1.5.1 Partnerships, Collaborations, and Agreements:
- 8.1.5.2 Product Launches and Product Expansions:
- 8.1.5.3 Acquisition and Mergers:
- 8.1.6 SWOT Analysis
- 8.2 Microsoft Corporation
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental and Regional Analysis
- 8.2.4 Research & Development Expenses
- 8.2.5 Recent strategies and developments:
- 8.2.5.1 Partnerships, Collaborations, and Agreements:
- 8.2.5.2 Product Launches and Product Expansions:
- 8.2.5.3 Acquisition and Mergers:
- 8.2.6 SWOT Analysis
- 8.3 Dell Technologies, Inc.
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expense
- 8.3.5 Recent strategies and developments:
- 8.3.5.1 Partnerships, Collaborations, and Agreements:
- 8.3.5.2 Product Launches and Product Expansions:
- 8.3.5.3 Acquisition and Mergers:
- 8.3.6 SWOT Analysis
- 8.4 Intel Corporation
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expenses
- 8.4.5 Recent strategies and developments:
- 8.4.5.1 Partnerships, Collaborations, and Agreements:
- 8.4.5.2 Product Launches and Product Expansions:
- 8.4.5.3 Acquisition and Mergers:
- 8.4.6 SWOT Analysis
- 8.5 Amazon Web Services, Inc. (Amazon.com, Inc.)
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental Analysis
- 8.5.4 Recent strategies and developments:
- 8.5.4.1 Partnerships, Collaborations, and Agreements:
- 8.5.5 SWOT Analysis
- 8.6 IBM Corporation
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Regional & Segmental Analysis
- 8.6.4 Research & Development Expenses
- 8.6.5 Recent strategies and developments:
- 8.6.5.1 Partnerships, Collaborations, and Agreements:
- 8.6.5.2 Product Launches and Product Expansions:
- 8.6.5.3 Acquisition and Mergers:
- 8.6.6 SWOT Analysis
- 8.7 General Electric Company
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Segmental and Regional Analysis
- 8.7.4 Research & Development Expense
- 8.7.5 Recent strategies and developments:
- 8.7.5.1 Partnerships, Collaborations, and Agreements:
- 8.7.6 SWOT Analysis
- 8.8 Schneider Electric SE
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental and Regional Analysis
- 8.8.4 Research & Development Expense
- 8.8.5 SWOT Analysis
- 8.9 Hewlett Packard Enterprise Company
- 8.9.1 Company Overview
- 8.9.2 Financial Analysis
- 8.9.3 Segmental and Regional Analysis
- 8.9.4 Research & Development Expense
- 8.9.5 Recent strategies and developments:
- 8.9.5.1 Product Launches and Product Expansions:
- 8.9.5.2 Acquisition and Mergers:
- 8.9.6 SWOT Analysis
- 8.10. Oracle Corporation
- 8.10.1 Company Overview
- 8.10.2 Financial Analysis
- 8.10.3 Segmental and Regional Analysis
- 8.10.4 Research & Development Expense
- 8.10.5 SWOT Analysis
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