Uploaded on Jul 21, 2020
Fog Computing Market future trends and industry growth rate forecast to 2026
Fog Computing Market
Fog Computing Market future trends and industry growth rate forecast to 2026
Market Overview
Fog computing also called as fog networking or fogging is used for the architecture provided in the
proximity of the users to provide seamless cloud computing user experience. It is also known as edge
computing, as it facilitates the functions such as storage, computing, and networking services between
the cloud data centers, end enterprise and user devices.
Proliferation of IoT and internet enabled devices has led to exponential increase in data generation and
access requirement at the end user leading to significant increase in the traffic generated. Traffic
patterns vary based on the user inclination; however, they are concentrated in the metropolitan areas
across the globe. Inadequacy of the cloud and internet networks to efficiently manage the data stream
across its regional expanse also adds to the requirement of infrastructure in the proximity of the users.
Advent of connected technologies such as connected homes, buildings, smart energy, connected factory
operations, connected vehicles, and OTT content are among the prominent factors anticipated to fuel
the demand for fog computing methodologies to avoid the network bottlenecks.
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Market Dynamics
Mission critical applications such as cloud robotics, fly-by wire aircraft control, and automotive anti-lock
brakes require real time data processing. Control and management of the operations is directly
dependent on the information collected by the sensors and the control system feedback. Event of the
control system being run on cloud may negatively impact the sense-process-actuate loops or unavailable
due to communication failures. However, low latency requirement of the fog computing can be used to
perform the control system processing making the real-time reaction feasible. This methodology
primarily aims at processing the incoming data in proximity to the data source itself and reduces the
burden on the cloud processing, thus addressing scalability requirements, owing to increasing number of
endpoints.
Overall IT components costs have witnessed substantial decline over the past few years, in conjunction
with considerable advancement leaps in the processing and compactness over the past few years.
Connectivity costs have witnessed consistent price reductions with the advent of fast communication
technologies such as 3G, 4G, and LTE. Software as a Service (SaaS) and the usability of these in analytics,
e-commerce, collaboration, and other business functions has witnessed increased penetration at
exponential rates. Thus, software solution segment is expected to dominate the market over the
forecast period.
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Key players operating the fog computing market include Microsoft Corporation, ARM Holdings PLC,
Cisco Systems, GE Digital, Intel Corporation, Schneider Electric Software LLC, and Fujitsu Ltd.
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