Fog Computing Market Is Driven By Growing Adoption Of Smart Devices Till 2025: Grand View Research, Inc.

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The global fog computing market is expected to reach USD 617.3 million by 2025, according to a 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.

According to a report by Grand View Research, Inc., the global fog computing market is anticipated to reach at USD 617.3 million by 2025. Growing adoption of smart devices coupled with rising need to address problems related to mobile traffic will impel demand for fog computing over the forecast period (from 2018 to 2025). Rising penetration of cloud and Internet-of-Things (IoT) services is expected to have a positive impact on the market growth. Shifting preference from cloud to fog computing due to reduced risk of cyber-attacks and low latency is also likely to augment market development. The development of 5G technology has resulted in the emergence of edge computing data architecture with low latency problems. This will also contribute toward the growth of fog computing market.

The ability of fog computing to filter large volumes of data and transfer only relevant information to cloud for better real-time analytics can further stimulate market expansion. Moreover, rising demand for Machine-to-Machine (M2M) communication in various organizations is estimated to drive the market during the forecast period. The global fog computing market can be segregated on the basis of hardware, solution, application, and region. Based on hardware, the market can be categorized into routers and switches, IP video cameras, sensors, micro data center, and gateways. In 2016, sensors segment accounted for over 30% of the overall revenue share owing to high demand for decentralized platforms. Moreover, system integrators rely on MEMS sensors owing to their compact size. This is expected to contribute toward the segment expansion over the forecast period.

Full Research Report On Fog Computing Market Analysis:
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U.S. fog computing market, by solution, 2016 – 2025 (USD Million) 

U.S. fog computing market, by solution, 2016 - 2025 (USD Million)

Introduction of routers that can support fog computing will also influence the segment growth. Gateways segment witnessed a significant growth in 2016 owing to increased demand for preprocessing of data transferred to the cloud. Gateways can strengthen the infrastructure through data processing and offer low latency responses, which is projected to propel the segment development over the coming years. Based on solution, the market can be bifurcated into software and hardware. The hardware segment held over 35% of the total revenue share in 2016. It is estimated to witness considerable growth from 2018 to 2025 on account of reducing costs of components and technological advancements in functionalities of hardware devices. Reducing cost of data storage devices and sensors will also result in increasing demand for fog nodes.

This is also expected to augment the segment growth over the forecast period. Based on application, the market can be classified into smart grids, smart cities, connected vehicles, connected healthcare, and smart manufacturing. In 2016, connected vehicles segment accounted for 25% of the global market share. Growing requirement for advanced transportation management to streamline traffic is likely to propel demand for connectivity between transport systems. Integration of connected vehicles with traffic information can support drivers in preventing distractions as they offer informed decisions and real-time analytics on their driving patterns. In addition, fog computing can also transfer information related to traffic and accident to the concerned authorities in emergency situations. All these factors will help boost the segment growth. The connected healthcare segment accounted for 15% of the market share in 2016.

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Global fog computing market, by application, 2016 (%)

Global fog computing market, by application, 2016 (%)

Fog computing can streamline healthcare cloud and offer better control over data storage and access to essential information. In addition, growing adoption of IoT technologies by healthcare organizations can impel demand for fog computing in the years to come. Regional segmentation includes North America, Asia Pacific, Latin America, and Europe, and Middle East and Africa. North America held the largest market share in 2016 and is projected to expand further during the estimated period. Constant R&D activities in fog architecture and rising adoption of IoT are the key factors driving the region’s growth. Asia Pacific accounted for 15% of the overall revenue share in 2016. Growing adoption of cloud services in major economies like Japan, Australia, and China is expected to influence the regional growth.

Moreover, supportive initiatives taken by the Indian government, such as Make in India campaign, to promote smart manufacturing will stimulate the demand for fog computing over the forecast period. Some of the leading companies in the global fog computing market are Microsoft Corporation, Intel Corporation, Oracle Corporation, Fujitsu Limited, and IBM Corporation. Most of these companies have adopted business strategies like M&A and product innovation to maintain competitive edge over others.

Grand View Research has segmented the fog computing market based on solution, hardware, application, and region:

fog computing Solution Outlook (Revenue, USD Thousand; 2016 – 2025)

  • Hardware

  • Software

fog computing Hardware Outlook (Revenue, USD Thousand; 2016 – 2025)

  • Gateways

  • Routers & switches

  • IP video cameras

  • Sensors

  • Micro data center

fog computing Application Outlook (Revenue, USD Thousand; 2016 – 2025)

  • Connected vehicles

  • Smart grids

  • Smart cities

  • Connected healthcare

  • Smart manufacturing

fog computing Regional Outlook (Revenue, USD Thousand; 2016 – 2025)

  • North America

    • U.S.

    • Canada

  • EMEA

    • Germany

    • UK

    • MEA

  • Asia Pacific

    • China

    • Japan

  • Latin America

    • Brazil

    • Mexico

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com/

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