North America Fog Computing Market Size, Share & Trends Analysis Report By Component (Software, and Hardware), By Application, By Country and Growth Forecast, 2024 - 2031
The North America Fog Computing Market would witness market growth of 49.5% CAGR during the forecast period (2024-2031).
The US market dominated the North America Fog Computing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,591.1 million by 2031. The Canada market is experiencing a CAGR of 52.3% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 51.4% during (2024 - 2031).
The fog computing market also benefits from increased data privacy and security focus. The demand for secure data processing and storage solutions is increasing due to the increasing number of concerns regarding data breaches and intrusions, particularly in sectors such as finance, healthcare, and government.
Additionally, by decentralizing data processing, fog computing limits the amount of sensitive data that must be sent to centralized cloud servers, thereby reducing the risk of data breaches. Furthermore, fog nodes can be equipped with security measures such as encryption, intrusion detection, and access control, providing additional protection for sensitive data.
Fog computing is experiencing rapid growth across North America, driven by increasing demand for real-time data processing, low-latency applications, and the surge of IoT devices. The region's technological infrastructure, coupled with government initiatives supporting digital transformation, creates fertile ground for the expansion of fog computing. North America is home to several smart cities, industrial automation projects, and energy-efficient initiatives, all requiring localized data processing capabilities. The U.S. Smart City Challenge, Canada’s Innovation Supercluster, and Mexico’s PRODESEN are just a few examples of programs integrating fog computing to enable real-time, low-latency data processing across multiple sectors.
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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Fog Computing Market, by Component
- 1.4.2 North America Fog Computing Market, by Application
- 1.4.3 North America 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. North America Fog Computing Market by Component
- 5.1 North America Software Market by Region
- 5.2 North America Hardware Market by Region
- 5.3 North America Fog Computing Market by Hardware Type
- 5.3.1 North America Gateways Market by Country
- 5.3.2 North America Routers & Switches Market by Country
- 5.3.3 North America IP Video Cameras Market by Country
- 5.3.4 North America Sensors Market by Country
- 5.3.5 North America Micro Data Sensors Market by Country
- Chapter 6. North America Fog Computing Market by Application
- 6.1 North America Smart Manufacturing Market by Country
- 6.2 North America Connected Vehicles Market by Country
- 6.3 North America Smart Grids Market by Country
- 6.4 North America Smart Cities Market by Country
- 6.5 North America Connected Healthcare Market by Country
- 6.6 North America Other Applications Market by Country
- Chapter 7. North America Fog Computing Market by Country
- 7.1 US Fog Computing Market
- 7.1.1 US Fog Computing Market by Component
- 7.1.1.1 US Fog Computing Market by Hardware Type
- 7.1.2 US Fog Computing Market by Application
- 7.2 Canada Fog Computing Market
- 7.2.1 Canada Fog Computing Market by Component
- 7.2.1.1 Canada Fog Computing Market by Hardware Type
- 7.2.2 Canada Fog Computing Market by Application
- 7.3 Mexico Fog Computing Market
- 7.3.1 Mexico Fog Computing Market by Component
- 7.3.1.1 Mexico Fog Computing Market by Hardware Type
- 7.3.2 Mexico Fog Computing Market by Application
- 7.4 Rest of North America Fog Computing Market
- 7.4.1 Rest of North America Fog Computing Market by Component
- 7.4.1.1 Rest of North America Fog Computing Market by Hardware Type
- 7.4.2 Rest of North America 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
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook