Fog Computing Market Report: Trends, Forecast and Competitive Analysis to 2030

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.

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?