Fog computing, also known as, fog networking or fogging, is a distributed computing infrastructure in which data, compute, storage and applications are disseminated in the most logical and efficient manner between the data source and the cloud. Main aim of fog computing is to improve efficiency and reduce the amount of data transported to the cloud for processing, analysis and storage and can be also used for security and compliance reasons.
Increasing adoption of smart devices to facilitate smart grids, smart cities, smart buildings, vehicle networks and software-defined networks is expected to boost growth of the global fog computing market. Increasing Internet of Things connectivity, machine to machine communication, need for real-time computing for time-critical process and the rising demand for connected devices will further propel growth of the fog computing market over the forecast period. In addition, growing awareness about the benefits of open-source software platform, rising demand from emerging markets for computing services at an affordable cost, and government support and initiative to drive fog innovation and deployment are other factors expected to fuel growth of the global fog computing market over the forecast period.
However, security, authentication and privacy concerns, high cost of equipment, and lack of global mobility support are other expected to hamper growth of the global fog computing market over the forecast period.
The global fog computing market report is segmented on the basis of solution, application and region On the basis of region, the global fog computing market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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The market in North America dominates the global fog computing market in terms of revenue, owing to high adoption of internet of things in applications such as smart homes, healthcare, and increased investments in R&D activities in countries in the region. The market in Europe accounted for second-highest revenue share in the global fog computing market, due to the importance of shifting to internet of things and fog computing, followed by Asia Pacific. The market in Asia Pacific is projected to have fastest growth in terms of revenue, owing to growing awareness about the benefit of fog computing and government initiative in the developing countries in the region.
Prominent players in the global fog computing market report include Cisco Systems, Inc., Microsoft Corporation, ARM Holdings plc, Dell Inc., Intel Corporation, Fujitsu Limited, GE Digital LLC, Nebbiolo Technologies, Inc., Schneider Electric Software Business, and PrismTech Corporation.