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Fog Computing Trends and Forecast
The future of the global fog computing market looks promising with opportunities in the building & home automation, smart energy, smart manufacturing, transportation & logistics, connected health, security & emergencies, and retail markets. The global fog computing market is expected to reach an estimated $1.74 billion by 2030 with a CAGR of 50.4% from 2024 to 2030. The major drivers for this market are increasing requirement for analytics at the network’s edge and growing adoption of smart devices to facilitate smart grids, smart cities, smart buildings, vehicle networks, and software-defined networks across the globe.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Fog Computing by Segment
The study includes a forecast for the global fog computing by offering, application, and region.
Fog Computing Market by Offering [Shipment Analysis by Value from 2018 to 2030]:
• Hardware
• Software
Fog Computing Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Building & Home Automation
• Smart Energy
• Smart Manufacturing
• Transportation & Logistics
• Connected Health
• Security & Emergencies
• Retail
• Others
Fog Computing Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Fog Computing Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies fog computing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the fog computing companies profiled in this report include-
• Fujitsu
• Dell
• Intel
• GE Digital
• Cisco Systems
• ARM Holding
• Toshiba Corporation
• Microsoft Corporation
• Nebbilo Technologies
• Schneider Electric Software
Fog Computing Market Insights
Lucintel forecasts that hardware is expected to witness highest growth over the forecast period due to its increasing utilization in collecting, processing, and storing data from IOT devices, and then sending it to the cloud or to other fog nodes for further processing.
Within this market, smart manufacturing will remain the largest segment due to increasing demand of process automation in the manufacturing sector and fog computing helps in improving the operational capability.
North America is expected to witness highest growth over the forecast period due to high penetration of internet of things, and growth of a number of IOT and cloud start-ups in the region.
Features of the Global Fog Computing Market
Market Size Estimates: Fog computing market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Fog computing market size by offering, application, and region in terms of value ($B).
Regional Analysis: Fog computing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different offerings, applications, and regions for the fog computing market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the fog computing market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the fog computing market size?
Answer: The global fog computing market is expected to reach an estimated $1.74 billion by 2030.
Q.2 What is the growth forecast for fog computing market?
Answer: The global fog computing market is expected to grow with a CAGR of 50.4% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the fog computing market?
Answer: The major drivers for this market are increasing requirement for analytics at the network’s edge and growing adoption of smart devices to facilitate smart grids, smart cities, smart buildings, vehicle networks, and software-defined networks across the globe.
Q4. What are the major segments for fog computing market?
Answer: The future of the fog computing market looks promising with opportunities in the building & home automation, smart energy, smart manufacturing, transportation & logistics, connected health, security & emergencies, and retail markets.
Q5. Who are the key fog computing market companies?
Answer: Some of the key fog computing companies are as follows:
• Fujitsu
• Dell
• Intel
• GE Digital
• Cisco Systems
• ARM Holding
• Toshiba Corporation
• Microsoft Corporation
• Nebbilo Technologies
• Schneider Electric Software
Q6. Which fog computing market segment will be the largest in future?
Answer: Lucintel forecasts that hardware is expected to witness highest growth over the forecast period due to its increasing utilization in collecting, processing, and storing data from IOT devices, and then sending it to the cloud or to other fog nodes for further processing.
Q7. In fog computing market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to high penetration of internet of things, and growth of a number of IOT and cloud start-ups in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the fog computing market by offering (hardware and software), application (building & home automation, smart energy, smart manufacturing, transportation & logistics, connected health, security & emergencies, retail, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Fog Computing Market, Fog Computing Market Size, Fog Computing Market Growth, Fog Computing Market Analysis, Fog Computing Market Report, Fog Computing Market Share, Fog Computing Market Trends, Fog Computing Market Forecast, Fog Computing Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Fog Computing Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Fog Computing Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Fog Computing Market by Offering
3.3.1: Hardware
3.3.2: Software
3.4: Global Fog Computing Market by Application
3.4.1: Building & Home Automation
3.4.2: Smart Energy
3.4.3: Smart Manufacturing
3.4.4: Transportation & Logistics
3.4.5: Connected Health
3.4.6: Security & Emergencies
3.4.7: Retail
3.4.8: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Fog Computing Market by Region
4.2: North American Fog Computing Market
4.2.2: North American Fog Computing Market by Application: Building & Home Automation, Smart Energy, Smart Manufacturing, Transportation & Logistics, Connected Health, Security & Emergencies, Retail, and Others
4.3: European Fog Computing Market
4.3.1: European Fog Computing Market by Offering: Hardware and Software
4.3.2: European Fog Computing Market by Application: Building & Home Automation, Smart Energy, Smart Manufacturing, Transportation & Logistics, Connected Health, Security & Emergencies, Retail, and Others
4.4: APAC Fog Computing Market
4.4.1: APAC Fog Computing Market by Offering: Hardware and Software
4.4.2: APAC Fog Computing Market by Application: Building & Home Automation, Smart Energy, Smart Manufacturing, Transportation & Logistics, Connected Health, Security & Emergencies, Retail, and Others
4.5: ROW Fog Computing Market
4.5.1: ROW Fog Computing Market by Offering: Hardware and Software
4.5.2: ROW Fog Computing Market by Application: Building & Home Automation, Smart Energy, Smart Manufacturing, Transportation & Logistics, Connected Health, Security & Emergencies, Retail, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Fog Computing Market by Offering
6.1.2: Growth Opportunities for the Global Fog Computing Market by Application
6.1.3: Growth Opportunities for the Global Power Electronic Market by Region
6.2: Emerging Trends in the Global Fog Computing Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Fog Computing Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Fog Computing Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Fujitsu
7.2: Dell
7.3: Intel
7.4: GE Digital
7.5: Cisco Systems
7.6: ARM Holding
7.7: Toshiba Corporation
7.8: Microsoft Corporation
7.9: Nebbilo Technologies
7.10: Schneider Electric Software
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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