(Telecom-NewsWire.Net, January 12, 2018 ) According to Publisher, the Global Fog Computing Market is valued at $14.69 million in 2016 and is expected to reach $313.04 million by 2022 growing at a CAGR of 54.8% from 2016 to 2023. Fog computing is a computing technology which decentralizes application and computing resources in the most significant and valid point. Global fog computing market key drivers are the developing Internet of Things connectivity, machine to machine communication, requirement for real-time computing for time-critical process and the increasing demand for connected devices. The rising business demand for increased operation efficiency, rapid decision-making ability, and cost savings would make fog computing an influential model for enterprises amid verticals in the future.
Software segment is anticipated to grow at the highest rate over the forecast period. Moreover, new entrants who desire to penetrate this market could simply enter the software market as it needs little initial investment in contrast to hardware. By application segment, smart manufacturing is estimated to expand at highest rate over coming six years. By region North America is estimated to grow at the highest rate. The U.S. and Canada in North America are amid the most technically advanced countries in the world and are leading in the adoption of latest technologies, thus providing enormous opportunities for the fog computing technology in this region.
Some of the key players in the market include ARM Holdings PLC, Cisco Systems, Inc., Cradlepoint, Inc., Dell Inc, FogHorn Systems, Fujitsu Ltd., GE Digital, Hitachi Data Systems, IBM Corporation, Intel Corporation, Microsoft Corporation, Nebbiolo Technologies, Oracle Corporation, Prismtech Corporation, Schneider Electric Software LLC, and Toshiba Corporation.
Components Covered: -Software -Hardware
Applications Covered: -Building & Home Automation -Connected Health -Security & Emergencies -Smart Energy -Smart Manufacturing -Transportation & Logistics -Other Applications
Regions Covered: -North America -US -Canada -Mexico -Europe -Germany -UK -Italy -France -Spain -Rest of Europe -Asia Pacific -Japan -China -India -Australia -New Zealand -South Korea -Rest of Asia Pacific -South America -Argentina -Brazil -Chile -Rest of South America -Middle East & Africa -Saudi Arabia -UAE -Qatar -South Africa -Rest of Middle East & Africa
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including: