"Fog Computing Market by Offering, Application and Geography – Global Forecast to 2022" is a professional and in-depth study.
MRRS adds "Fog Computing Market by Offering, Application and Geography – Global Forecast to 2022" latest studies,published in December 2016. It is a professional and in-depth study.
The fog computing market, in terms of value, is expected to grow from USD 22.28 million in 2017 to USD 203.48 million by 2022, at a CAGR of 55.6% between 2017 and 2022.
The fog computing market is driven by factors such as the increasing adoption of Internet of Things worldwide, growing demand for computing capability at the edge, high adoption of smart sensors that would create huge amount of data, and mainstreaming of cloud computing. The increasing government and private funding across the globe for research and development in IoT, cloud and fog, and scope for innovative cross-domain applications provide significant growth opportunities in the market.
“Smart manufacturing and smart energy application domain are expected to drive the fog computing market in the near future”
The smart manufacturing application is expected to hold the largest share of the fog computing market by 2022, while the smart manufacuting application is expected to witnessthe highest growth rate between 2017 and 2022. Currently, the sensors for different functions used in factories or manufacturing units generate huge amounts of data per hour which needs to be transferred to the cloud for computing. This transfer of the data to and from the cloud takes time and is not considered ideal for functions that require real-time processing of data for critical decision making. Fog computing is a solution for these problems as fog brings the power of computing at the edge of the network, thus helping to solving the problem in real time. This would help manufacturing companies in terms of better decision making with real-time data, which would also help in reducing operating cost.
Figure And Tables
TABLE 1 FOG COMPUTING MARKET, BY OFFERING, 2017–2022 (USD MILLION) 27
TABLE 2 FOG COMPUTING MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 28
TABLE 3 FOG COMPUTING MARKET, BY GEOGRAPHY, 2017–2022 (USD MILLION) 29
TABLE 4 FOG COMPUTING MARKET, BY OFFERING, 2017–2022 (USD MILLION) 53
TABLE 5 FOG COMPUTING HARDWARE MARKET, BY APPLICATION,
2017–2022 (USD MILLION) 55
TABLE 6 FOG COMPUTING HARDWARE MARKET, BY GEOGRAPHY,
2017–2022 (USD MILLION) 56
TABLE 7 FOG COMPUTING SOFTWARE MARKET, BY OFFERING, 2017–2022 (USD MILLION) 57
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