Fog Computing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

The research also indicated the global increase in the use of the IoT and adaptive problem-solving mechanisms are the key drivers that led to the rise of the fog computing market. Even though fog computing is a newer paradigm of computing services, it already has a wide range of applications. With the emergence of connected cars in the region, the market is expected to witness huge growth, as the cars will need to communicate with not only each other but also traffic lights, where traffic lights will act as fog nodes. Moreover, these cars will require real-time analysis of data to function accurately. Devices, ranging from personal wearables and home appliances to industrial sensors, generate a vast amount of data that needs to be processed, in order to gain insights.

  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • Virtualization is becoming more popular and crucial in modern computing, with many large corporations and government organizations implementing it to save money and improve productivity.
  • Fog computing is an advancement in Internet of Things that has shifted data processing out of the cloud into devices.
  • There is the execution of the bottom-up approach and top-down approach in the survey.
  • Fog computing is a decentralized form of computing service in which the data source and the cloud storage are separated by a layer of data.
  • Fog computing allows various features that make it an ideal platform for delivering a wide range of smart connected vehicles , services in traffic support, safety, mobility & location awareness, heterogeneity, real-time interactions, and low latency.
  • As you’ll read and see below fog computing is seen as a necessity for IoT but also for 5G, embedded artificial intelligence and ‘advanced distributed and connected systems’.

Cloud revenue is expected to go up by 147 percent by 2022 and fog is expected to go into existing devices and software, working with new single-purpose fog nodes. Fog networking supports the Internet of Everything concept wherein most of devices of daily-use will be interconnected with each other, with phones, connected vehicles, consumer appliances, virtual reality using Google glass as prime examples. Virtual Reality devices work under a 5K environment and at network edge with dynamic feeds in a cloud/fog scenario to reduce latency times, improve audio/video compression ratios that catches camera feeds in multi-camera systems. By geography, the market size extends to North America, Europe, Asia Pacific, MEA and Latin America. The increased dominance of the Fog Computing Market by Software is underscored by presence of majority of the players in cloud and IoT ecosystem and would benefit by leveraging the system architecture at platform and applications hierarchy.

What is the study period of this market?

Fog computing was created with the primary purpose of minimizing the burden of the cloud by allowing less data to be sent to the cloud. Due to the small amount of data that is sent to the cloud, network bandwidth is highly conserved resulting in a reduced system reaction time. Furthermore, fogging allows improved privacy since firms can analyze their own data locally. In 2014, Cisco came up with the term ‘fog computing’ to describe the practice of extending cloud computing to the network edge. Cisco was also the pioneer to launch the fog computing service, also known as ‘fogging’. The goal was to raise the system’s processing power to a level close to that of the host computer.

fog computing market

It not only reduces internet dependency but also costs companies less. If latency matters a lot for your business, fog computing is an ideal choice. Therefore, companies can expect minimum latency compared to the other technologies. Cloud computing creates a centralized hub for all computational and storage needs. Contrarily; fog networking brings intelligence to the edge of a network that is also connected to a cloud. Cisco came up with the term fog computing in 2012 to define an alternative to cloud computing that will stay closer to the machines or apps where data processing speed must be faster, or the process may slow down or fail.

Why Allied Market Research?

The Global Fog Computing Market makes a brief note on factors affecting the business growth and development, market growth, and market analysis for the forecast year. It shares the segments and sub-segments on the fog computing market is determined. It classifies the strategic alliances, different joint ventures, new product developments, mergers and acquisitions, research, and developments that made the market for fog computing across the world. It points to the challenges the fog networking market had to suffer and how the Internet of Things is used to maintain and overcome these setbacks. The profiling section of the report provides crucial information about the companies operating in the Fog Computing Market, including their business overview, products/services, key financials, and recent developments. The smart manufacturing application would hold the largest share of the market followed by smart energy.

fog computing market

A more complicated system — fog is an additional layer in the data processing and storage system. High latency — more and more IoT apps require very low latency, but the cloud can’t guarantee it because of the distance between client devices and data processing centers. IaaS — a remote data center with resources such as data storage capacity, processing power and networking. Extrapolate has a refined network of top publishers across the globe covering markets and micro markets who bring in the power of decision making.

Market Analysis and Insights : Global Fog Computing Market

Soon after it started to acquire some traction, IBM came up with a similar method called ‘edge computing’. On the basis of computing solution, the fog computing market is segmented into hardware and software. Hardware is further segmented into gateways, routers and switches, IP video cameras, sensors and micro data sensors. Software is further segmented into fog computing platform and customized application software.

fog computing market

Shubham has executed over 150 research projects for our clients under the brand name market research future in the last 2 years. His core skill is building the research respondent relation for gathering the primary information from industry and market estimation for niche markets. He has worked on the projects of top tech brands such as ibm, google, microsoft, aws, meta, oracle, cisco systems, samsung, accenture, vmware, schneider electric, dell, hp, ericsson, and so many others. He has worked on metaverse, web 3.0, zero-trust security, cyber-security, blockchain, quantum computing, robotics, 5g technology, high-performance computing, data centers, ai, automation, it equipment, sensors, semiconductors, consumer electronics and so many tech domain projects. The potential upsides of fog computing are undeniable, including better near-real-time response, reduced transmission costs and analysis for IoT, which will further have a significant impact on operation of factories, enterprises, organizations and even the quality of our life.

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fog computing market

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.

How Does Fog Computing Work?

Increase in adoption of smart devices to facilitate smart grids, smart cities, smart buildings, vehicle networks, and software-defined networks across the globe is expected to drive the growth of the fog vs cloud computing. Rise in IoT connectivity, machine to machine communication technology, and rise in demand for connected devices among end users are expected to boost the growth of the fog computing market. In addition, growth in awareness regarding the benefits of cloud software platforms among end users and governments taking initiatives to drive innovations and deployments in the fog computing market are expected to propel the market growth.