Fog Computing Market Size, Share & Trends Analysis Report By Component (Hardware, Software), By Application, By Region, & Segment Forecasts, 2024

Description

Fog Computing Market Growth & Trends:

The global fog computing market size is expected to reach USD 8,358.1 million by 2030, registering a CAGR of 50.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing demand from end-use industries is expected to propel the industry growth. Fog computing is an advancement in Internet of Things (IoT) that has shifted data processing out of the cloud into devices. With the growing number of IoT deployments, the amount of data is multiplying, thereby giving rise to several challenges involved in uploading and processing this data. This has led to the emergence of fog computing to store and process the vast amount of data within a short time frame. Organizations are involved in developing effective solutions to cater to the needs of end-use industries. For implementing the fog computing technology, it is necessary for organizations to have a robust network performance management capability.

The growth in the machine-to-machine communication has opened growth opportunities for organizations to transition to fog computing to achieve faster decision-making capabilities and reduce the operating costs through its real-time tracking and analyzing abilities. Moreover, the technology supports interface and resource heterogeneity along with the distributed data analytics to address the requirements of widely distributed low latency applications. However, the fragmented technology standards and rising interoperability issues are limiting the industry growth.

Fog Computing Market Report Highlights:

The software segment dominated the market and accounted for a market revenue share of 64.1% in 2023. Fog computing software contributes to cost reduction and operational efficiency by minimizing the need for extensive data transmission to centralized clouds.
The hardware segment is expected to register the fastest CAGR during the forecast period. Edge devices, such as routers, gateways, and switches, are becoming more advanced and capable of handling complex computing tasks.
The smart manufacturing segment accounted for the largest market revenue share in 2023. Smart manufacturing relies on interconnected devices and systems that generate vast data.
The smart cities segment is anticipated to register the fastest CAGR over the forecast period. Smart cities rely on a network of connected devices and systems to function effectively.
North America fog computing market dominated the market with revenue share of 43.4% in 2023. North America includes a significant number of companies in the fog computing market, including major technology companies, startups, and research institutions.

Product Code: GVR-2-68038-838-1

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Fog Computing Market Variables, Trends, & Scope

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.3.3. Industry Opportunities
- 3.3.4. Industry Challenges
3.4. Fog Computing Market Analysis Tools
- 3.4.1. Porter's Analysis
  - 3.4.1.1. Bargaining Power of the Suppliers
  - 3.4.1.2. Bargaining Power of the Buyers
  - 3.4.1.3. Threats of Substitution
  - 3.4.1.4. Threats from New Entrants
  - 3.4.1.5. Competitive Rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1. Political Landscape
  - 3.4.2.2. Economic and Social Landscape
  - 3.4.2.3. Technological Landscape
  - 3.4.2.4. Environmental Landscape
  - 3.4.2.5. Legal Landscape

Chapter 4. Fog Computing Market: Component Estimates & Trend Analysis

4.1. Segment Dashboard
4.2. Fog Computing Market: Component Movement Analysis, 2023 & 2030 (USD Million)
4.3. Hardware
- 4.3.1. Hardware Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2. Gateways
  - 4.3.2.1. Gateways Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.3. Routers & Switches
  - 4.3.3.1. Routers & Switches Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.4. IP Video Cameras
  - 4.3.4.1. IP Video Camera Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.5. Sensors
  - 4.3.5.1. Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.6. Micro Data Sensors
  - 4.3.6.1. Micro Data Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Software
- 4.4.1. Software Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 5. Fog Computing Market: Application Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. Fog Computing Market: Application Movement Analysis, 2023 & 2030 (USD Million)
5.3. Connected Vehicles
- 5.3.1. Connected Vehicles Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. Smart Grids
- 5.4.1. Smart Grids Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.5. Smart Cities
- 5.5.1. Smart Cities Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.6. Connected Healthcare
- 5.6.1. Connected Healthcare Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.7. Smart Manufacturing
- 5.7.1. Smart Manufacturing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.8. Others
- 5.8.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 6. Fog Computing Market: Regional Estimates & Trend Analysis

6.1. Fog Computing Market Share, By Region, 2023 & 2030 (USD Million)
6.2. North America
- 6.2.1. North America Fog Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.2. U.S.
  - 6.2.2.1. U.S. Fog Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.3. Canada
  - 6.2.3.1. Canada Fog Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.4. Mexico
  - 6.2.4.1. Mexico Fog Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.3. Europe
- 6.3.1. Europe Fog Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.2. U.K.
  - 6.3.2.1. U.K. Fog Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.3. Germany
  - 6.3.3.1. Germany Fog Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.4. France
  - 6.3.4.1. France Fog Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. Asia Pacific
- 6.4.1. Asia Pacific Fog Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.2. Japan
  - 6.4.2.1. Japan Fog Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.3. China
  - 6.4.3.1. China Fog Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.4. India
  - 6.4.4.1. India Fog Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.5. South Korea
  - 6.4.5.1. South Korea Fog Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.6. Australia
  - 6.4.6.1. Australia Fog Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.5. Latin America
- 6.5.1. Latin America Fog Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Brazil
  - 6.5.2.1. Brazil Fog Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.6. Middle East and Africa
- 6.6.1. Middle East and Africa Fog Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.2. UAE
  - 6.6.2.1. UAE Fog Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.3. Saudi Arabia
  - 6.6.3.1. Saudi Arabia Fog Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.4. South Africa
  - 6.6.4.1. South Africa Fog Computing Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 7. Competitive Landscape

7.1. Recent Developments & Impact Analysis by Key Market Participants
7.2. Company Categorization
7.3. Company Market Positioning
7.4. Company Heat Map Analysis
7.5. Strategy Mapping
- 7.5.1. Expansion
- 7.5.2. Mergers & Acquisition
- 7.5.3. Partnerships & Collaborations
- 7.5.4. New Product Launches
- 7.5.5. Research And Development
7.6. Company Profiles
- 7.6.1. Aikaan Labs Pvt.Ltd
  - 7.6.1.1. Participant's Overview
  - 7.6.1.2. Financial Performance
  - 7.6.1.3. Product Benchmarking
  - 7.6.1.4. Recent Developments/ Strategic Initiatives
- 7.6.2. Aispire, Inc.
  - 7.6.2.1. Participant's Overview
  - 7.6.2.2. Financial Performance
  - 7.6.2.3. Product Benchmarking
  - 7.6.2.4. Recent Developments/ Strategic Initiatives
- 7.6.3. Cisco Systems, Inc.
  - 7.6.3.1. Participant's Overview
  - 7.6.3.2. Financial Performance
  - 7.6.3.3. Product Benchmarking
  - 7.6.3.4. Recent Developments/ Strategic Initiatives
- 7.6.4. Crosser Technologies
  - 7.6.4.1. Participant's Overview
  - 7.6.4.2. Financial Performance
  - 7.6.4.3. Product Benchmarking
  - 7.6.4.4. Recent Developments/ Strategic Initiatives
- 7.6.5. Ekkono Solutions AB
  - 7.6.5.1. Participant's Overview
  - 7.6.5.2. Financial Performance
  - 7.6.5.3. Product Benchmarking
  - 7.6.5.4. Recent Developments/ Strategic Initiatives
- 7.6.6. IBM Corporation
  - 7.6.6.1. Participant's Overview
  - 7.6.6.2. Financial Performance
  - 7.6.6.3. Product Benchmarking
  - 7.6.6.4. Recent Developments/ Strategic Initiatives
- 7.6.7. Intel Corporation
  - 7.6.7.1. Participant's Overview
  - 7.6.7.2. Financial Performance
  - 7.6.7.3. Product Benchmarking
  - 7.6.7.4. Recent Developments/ Strategic Initiatives
- 7.6.8. IOTech Systems Limited
  - 7.6.8.1. Participant's Overview
  - 7.6.8.2. Financial Performance
  - 7.6.8.3. Product Benchmarking
  - 7.6.8.4. Recent Developments/ Strategic Initiatives
- 7.6.9. Microsoft
  - 7.6.9.1. Participant's Overview
  - 7.6.9.2. Financial Performance
  - 7.6.9.3. Product Benchmarking
  - 7.6.9.4. Recent Developments/ Strategic Initiatives
- 7.6.10. Schneider Electric
  - 7.6.10.1. Participant's Overview
  - 7.6.10.2. Financial Performance
  - 7.6.10.3. Product Benchmarking
  - 7.6.10.4. Recent Developments/ Strategic Initiatives
- 7.6.11. TERAKI GmbH
  - 7.6.11.1. Participant's Overview
  - 7.6.11.2. Financial Performance
  - 7.6.11.3. Product Benchmarking
  - 7.6.11.4. Recent Developments/ Strategic Initiatives
- 7.6.12. TTTech Computertechnik AG
  - 7.6.12.1. Participant's Overview
  - 7.6.12.2. Financial Performance
  - 7.6.12.3. Product Benchmarking
  - 7.6.12.4. Recent Developments/ Strategic Initiatives

Fog Computing Market Size, Share & Trends Analysis Report By Component (Hardware, Software), By Application, By Region, & Segment Forecasts, 2024 - 2030