Global Fog Computing Market is expected to rise from its initial estimated value of USD 32.41 million in 2018 to an estimated value of USD 1317.48 million by 2026, registering a CAGR of 58.9% in the forecast period of 2019-2026. This trend of rising market value can be attributed to the increased data security in fog computing and ability to perform real-time operations on the same.
Fog Computing Market Figures is now released by Data Bridge Market Research. Fog Computing Market report presents a complete assessment of covering future trend, Latest Trend, current growth factors, facts, and industry validated market data forecast till 2026. The report provides an in-depth analysis of the latest trends, business scenario, size and share of Major Competitors such as Dell, Nebbiolo Technologies, FogHorn Systems, SAP SE, AT&T Intellectual Property., Cradlepoint Inc., IBM Corporation, VIMOC Technologies Inc., and Cyxtera Technologies Inc. and others
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Market Drivers and Restraints:
- Limitations of bandwidth in the already present Internet of Things (IoT) infrastructure and with that drawback not the present in fog computing; market is expected to grow significantly
- Increased data security with the usage of fog computing and availability of ability to perform real-time operations is also expected to drive the market growth
- Lack of technically informed individuals and population regarding fog computing is expected to restrain the market growth
- Absence of any set standardization for fog computing is also expected to restrain the market growth
Few of the major competitors currently working in the fog computing market are:- Cisco, Microsoft, Arm Limited, Intel Corporation, General Electric, FUJITSU, Schneider Electric, TOSHIBA CORPORATION, ADLINK Technology and Many More
- By Offering (Hardware, Software),
- By Application (Building & Home Automation, Smart Energy, Smart Manufacturing, Transportation & Logistics, Connected Health, Security & Emergencies, Others),
- Based on the geography (North America, South America, Asia and Pacific region, Middle east and Africa, Europe)
Global fog computing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of fog computing market for global, Europe, North America, Asia Pacific and South America.
Key Developments in the Market:
- In June 2016, IBM Corporation and Cisco announced collaboration for the integration of IBM Corporation’s Watson software into Cisco’s fog computing platform.
- In March 2016, ADLINK Technology (PrismTech) announced the release of Vortex 2.1 Intelligent Data Sharing Platform for the Internet of Things (IoT), providing hosting for different apps for Cisco platforms in fog computing.
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Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report.
Potential Held by the Report:
- Recent industry trends and developments
- Market Penetration: Comprehensive information on the product portfolios of the top players in the trocars market
- To gain insightful analyses of the market and have a comprehensive understanding of the “Fog Computing Market” and its commercial landscape
- To understand the future outlook and prospects for market analysis and forecast 2018-2025.
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the trocars market
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