Global Fog Computing Market Research and Forecast, 2019-2025
発行: Orion Market Research Pvt Ltd
Fog Computing Market Size, Share & Trends Analysis Report, by Component (Hardware and Software), by Application (E-Health, Oil & Gas, Transportation & Logistics, Smart City, Manufacturing, Building & Home Automation, Smart Grids, and Others), and Forecast, 2019-2025
Fog computing is referred to extending cloud computing to the enterprise edge network. It is also known as fogging or edge computing. This is designed to facilitate the operation of computing, storing and networking services among cloud computing data centers and end devices. One of the key instances of fog computing includes Cisco's IOx platform that brings distributed computing capabilities to the network edge by directly running applications on network devices of Cisco, including routers, ruggedized switches, and IP video cameras. The major factors boosting the demand for fog computing include the trend in big data and IoT and growing pool of connected smart devices.
Additionally, emerging smart grid technology is expected to gain traction over the next few years. Smart grids refer to the electric grid that is leveraged by information technology. These are multi-directional networks that enable to measure, monitor and manage the transportation of electricity. According to the International Energy Agency (IEA), the overall smart grid technology investment increased by 12% during the period of 2014-2016. With a considerable rise in the demand for energy and aging electricity infrastructure, the execution of smart grid technology is essential to make the supply of energy more sustainable, energy-efficient and reliable.
In addition, it is a vital element to broaden the use of a range of technologies, such as renewable energy sources (wind energy, geothermal power, and solar heat and power). Smart grids use smart meters that act for two-way flow of electricity information to manage and monitor the electricity consumption. Moreover, in a large smart grid, smart meters generate a significant volume of data that are difficult to analyze, process and store, even using cloud computing. Hence, in this context, fog computing offers a place to collect, compute and store smart meter data earlier transmitting to the cloud. It acts as a bridge between the middle of the smart grid and the cloud. It can fix various problems reported in cloud computing through further capabilities, such as increased privacy, reduced latency, and locality for smart grids. This, in, turn, is creating a significant opportunity for the adoption of fog computing in smart grid technology.
Furthermore, the global fog computing market is segmented on the basis of component and application. On the basis of the component, the market is further classified into hardware and software. Based on application, the market is further classified into e-Health, oil & gas, transportation & logistics, smart city, manufacturing, building & home automation, smart grids, and others. The increasing number of smart city projects are creating considerable opportunities for fog computing. Moreover, the partnerships among technology leaders have been reported to deliver solutions for smart city projects. For instance, in July 2018, Nokia partners with Current, an energy management company powered by GE. This partnership is intended to bring advanced smart city technology to cities across Canada. This, in turn, is expected to encourage the adoption of fog computing platforms.
Geographically, North America held the largest share in the global fog computing market. This has primarily led by emerging demand for smart home technologies and government focus to improve transportation safety. Additionally, Asia-Pacific is estimated to grow significantly due to increasing demand for energy management system and adoption of cloud computing platforms.
The companies involved in the market comprise Cisco Systems, Inc., IBM Corp., Microsoft Corp., GE Digital, and VMWare, Inc. The key strategies followed by these companies include merger and acquisitions, product launches, partnership and collaborations to increase market share globally. For instance, in April 2017, Eurotech Spa, a provider of embedded systems partnered with VMware, Inc. for edge IoT computing nodes. This partnership of Eurotech with VMware is intended to bring edge controllers and multi-service IoT gateways of VMware for more deterministic and efficient resource allocation in high-performance mobile networking and industrial applications. Moreover, IoT gateways could leverage with this technology which leads to highly responsive cloud services and improving scalability towards the edge and enforced privacy data policies.
The market study of global fog computing market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
The report is intended for government and private companies for overall market analysis and competitive analysis. The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
Global fog computing market is segmented on the basis of regional outlook and following segments: