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Fog Computing Market Analysis & Technological Innovation by Top Key Player AT&T, Cisco, Cradlepoint, Dell, Foghorn, GE Digital, IBM, Intel & More

This Global Fog Computing market report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.

 

Selbyville, DE -- (SBWIRE) -- 12/17/2018 -- MarketStudyReport.com Adds New Fog Computing Market 2017 – 2024 research report providing information and data By Component, By Deployment Model, By Application, Industry Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast spreading across 100 Pages with table and figures in it.

Fog Computing Market is set to exceed USD 700 million by 2024; according to a new research report. Increasing penetration of cloud computing platforms is fostering the fog computing market growth. Over the past decade, cloud computing has emerged as a driving force in the IT ecosystem. It is estimated that approximately 80% of the enterprises are utilizing the capabilities of the cloud computing platform in their business and the number is further anticipated to increase in the future. As cloud computing platforms offers computing, storage, and networking services across all the business sectors, it frees the customer and enterprises from the specifications of various details, which may result issues in latency sensitive applications in sector such as healthcare, energy & utility. These inherent challenges of cloud computing are forecast to positively impact the market adoption.

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Fog Computing Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a 65% CAGR to 2024.

The growth of the fog computing market is attributed to the paradigm shift in the U.S. healthcare reimbursement systems from fee-for-service model to the outcome-based reimbursement model. This will encourage healthcare organizations to adopt IoT devices to reduce power consumption, improve operational efficiency, reduce cost, and enhance overall performance of business. Furthermore, healthcare applications are latency sensitive and requires real-time analysis, any delay in transmitting data leads to serious consequences. Since fog computing enables the analysis of data at the edge of devices, its adoption among healthcare organization is further estimated to increase.

The manufacturing sector is also one of the major end-users of the fog computing market solutions and holds huge potential for the industry revenue. The growth can be credited to the increasing demand for process automation in the manufacturing sector to gain an edge over competitors. Furthermore, fog computing solutions enhance the operational efficiency by providing actionable insights and real-time monitoring of the operations, which is estimated to increase the adoption among manufacturing plants.

Asia Pacific fog computing market is estimated to be the fastest growing region owing to the increasing adoption of the cloud computing platform in countries such as India and China. Furthermore, rapidly developing smart infrastructure such as smart cities and government initiatives in the developing countries are also estimated to have significant impact on the growth of the industry. For instance, Indian government's smart city development initiative, Digital India program and Make in India campaign is estimated to fuel the development of smart infrastructure, therefore increasing the demand for streaming data from cloud computing platform.

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Some of the key companies in the fog computing industry are ADLINK, AppFog, ARM, AT&T, Cisco, Cradlepoint, Dell, Foghorn, GE Digital, IBM, Intel, Nebbiolo, Microsoft, and VIMOC. Collaboration and product launch has become one of the strategies used by the market players to increase the product portfolio and gain technical expertise. For instance, in 2015, Dell introduces its new Edge Gateway to provide fog computing solutions for industrial applications and building automation.

Table of Content:

Chapter 1 Methodology & Scope

Chapter 2 Executive Summary

Chapter 3 Fog Computing Industry Insights

Chapter 4 Competitive Landscape

Chapter 5. Fog Computing Market, By Component

Chapter 6. Fog Computing Market, By Deployment Model

Chapter 7. Fog Computing Market, By Application

Chapter 8. Fog Computing Market, By Region

Chapter 9 Company Profiles

More Details on this Report At: https://www.marketstudyreport.com/reports/fog-computing-market

United States Fog Computing Market Report 2017

In this report, the United States Fog Computing Market is valued at USD 11 million in 2016 and is expected to reach USD 93 million by the end of 2022, growing at a CAGR of 43.2% between 2016 and 2022.

https://www.marketstudyreport.com/reports/united-states-fog-computing-market-report-2017/?utm_source=RR-AN

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