How Has the Fog Computing Market Size Evolved in Recent Years?
The fog computing market has seen considerable growth due to a variety of factors.
• The size of the fog computing market has seen significant expansion over the past few years. It is projected to expand from $0.21 billion in 2024 to $0.28 billion in 2025, with a compound annual growth rate (CAGR) of 36.8%.
The escalating growth during the past period can be credited to the proliferation of IoT devices, a growing demand for immediate applications, advancements in edge computing, the emergence of cloud computing, and the fast-paced growth of big data.
What Are The Predictions for The Fog Computing Market in the Coming Years?
The fog computing market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the fog computing market is predicted to experience significant expansion, with its worth expected to reach $0.96 billion in 2029 along with a compound annual growth rate (CAGR) of 35.5%.
This anticipated growth during the forecast period can be ascribed to factors such as increasing adoption of edge-as-service, development of smart cities, higher emphasis on edge security, advancements in edge AI, and the rollout of 5G networks. The trend forecast for the same period consists of factors like edge AI maturation, the advent of quantum fog computing, improved integration of fog to cloud, security integration via blockchain, and dynamic orchestration of fog resources.
Which Drivers Are Accelerating Growth In The Fog Computing Market?
The projected increase in the usage of smart devices is anticipated to spur the expansion of the fog computing market in the future. Common items augmented with advanced computing technologies like artificial intelligence (AI) and machine learning are what constitute smart devices, coming together to form the Internet of Things (IoT). Fog computing enables instantaneous data processing on these smart devices, reduces latency, and boosts scalability by moving computer tasks away from centralized clouds to edge devices. For example, Uswitch Limited, a UK financial conduct authority, reported in February 2023 that mobile connections in the UK rose by about 2.6 million (or 3.8%) from 2022 to approximately 71.8 million. By 2025, the UK's population is predicted to increase to 68.3 million, with almost 65 million (or about 95%) of these people owning a smartphone. Hence, the escalating use of smart devices is fueling the expansion of the fog computing market.
What Are The Core Segments Of The Global Fog Computing Market?
The fog computing market covered in this report is segmented –
1) By Component: Hardware, Software
2) By Deployment Models: Private Fog Node, Community Fog Node, Public Fog Node, Hybrid Fog Node
3) By Application: Building And Home Automation, Smart Energy, Smart Manufacturing, Transportation And Logistics, Connected Health, Security And Emergencies, Retail, Other Applications
Subsegments:
1) By Hardware: Fog Nodes, Networking Equipment, Gateways
2) By Software: Fog Computing Platforms, Data Management Software, Security Software
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What Trends Are Reshaping The Future Of The Fog Computing Market?
In an attempt to bolster their standing in the fog computing sector, leading firms are focusing on innovative products integrated with edge AI, such as managed edge-to-cloud solutions. Such a solution is completely automated, taking care of data management from the point of creation (the edge) to the cloud storage. To illustrate, in May 2022, the French IT service and consulting company Atos SE launched a product called Atos Business Outcomes-as-a-Service (Atos BOaaS). This offering was developed together with Dell Technologies, a leading US-based IT firm, and acts like a cloud architecture extension, reaching to the edge and far edge, delivering company value based on AI, complemented by a complete sequence of automatic installation, monitoring, and management. Atos BOaaS provides businesses the ability to achieve meaningful, fast, and repeatable results from IoT data streams and analytics, and control their IoT environment from a singular dashboard. The need for on-site tech support is virtually eliminated by Atos BOaaS, which not only transforms digital operations but also reduces their overall environmental footprint. Each client can potentially save hundreds of metric tons of CO2 annually using Atos BOaaS.
Who Are the Key Players In The Fog Computing Market?
Major players in the fog computing market are:
• Microsoft Corporation
• Dell Technologies Inc.
• Intel Corporation
• International Business Machines (IBM) Corporation
• Cisco Systems Inc.
• Oracle Corporation
• SAP SE
• Toshiba Corporation
• ARM Holdings Plc
• Hitachi Vantara Corporation.
• ADLINK Technology Inc.
• Wind River Systems
• Cradlepoint Inc.
• Huawei Technologies Co. Limited
• MachineShop
• Fujitsu Limited
• Lynx Software Technologies
• NebulaLink
• ClearBlade
• Saguna Networks
• Virtuosys
• SixSq
• Nebbiolo Technologies Inc.
• Crosser Technologies
• and Litbit.
What Are The Regional Insights Into The Fog Computing Market?
North America was the largest region in the fog computing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fog computing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
