According to Technavio’s latest market research study, the global fog computing market is expected to grow at a CAGR of close to 61% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global fog computing market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application type
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The top three revenue contributing application segments are discussed below
Global fog computing market for smart transportation: Fog computing enhances the connectivity of smart transportation systems by applying edge network at various points of the networking systems. Fog computing also decentralizes the networking systems and reduces the data center loads for efficient M2M communications.
“Mobility is one of the main concerns in the cities that require huge attention as the safety of the employees in reaching workplace should be ensured. As a result, nations across the globe are adopting smart transportation systems, subsequently propelling the demand for fog computing,” says Ishmeet Kaur, a lead analyst at Technavio for research on embedded systems.
Global fog computing market for smart manufacturing: The manufacturing sectors are the early adopters of fog computing. Ease of data management through edge network computing architecture is expected to fuel the demand for fog computing in the manufacturing sector during the forecast period.
Global fog computing market for smart cities: Smart building solutions make a building green, safe, and productive, which will save up to 30% of water consumption, 40% of energy consumption, and overall building maintenance costs by 10%-20%. For instance, Cisco Systems is providing Cisco Smart Connected Buildings to control the operations with the help of IP networking solutions, which, in turn, reduces energy consumption in buildings.
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The top vendors operating in the global fog computing market are:
- Cisco Systems
- IBM
- Intel
Other prominent vendors in the market include ARM, AT&T, Cradlepoint, Dell, General Electric, Hitachi Data Systems, FogHorn Systems, Fujitsu, PrismTech, Schneider Electric, Microsoft, and Nebbiolo Technologies.
A more detailed analysis is available in the Technavio report titled, ‘Global Fog Computing Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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