Fog Computing Market Size, Share, Growth and Trends Analysis Report by Product, By End Use, Competitive Landscape and Recent Developments

Kenneth Research, in its repository of market research reports, has recently added a report on Fog Computing Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Fog Computing Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Fog Computing Market products.

Download Sample of This Strategic Report: :https://www.kennethresearch.com/sample-request-10060084

According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017. Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2030.

The Fog Computing Market in North America is anticipated to grow significantly owing to the presence of several key players in the region, along with the increasing need of the organizations in the nation to run on a strong ICT infrastructure.

The global Fog Computing Market was valued at USD 22.19 million in 2017 and is projected to reach USD 753.67 million by 2025, growing at a CAGR of 55.4% from 2018 to 2025.

What is Fog Computing?
Fog computing, also referred as fog networking, is defined as a decentralized computing infrastructure that is used to enhance the efficiency and data computing capabilities for cloud computing. It is capable of decentralizing the computing resources required for processing in the most efficient manner. Fog computing applications includes smart city, smart grid, smart buildings, software- defined networks and vehicle networks. Rising adoption of smart devices have fuelled the growth of fog computing market.

Global Fog Computing Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Bandwidth restrictions of existing IoT infrastructure reducing the analysis of growing big data, real-time operations and rising data security by fog computing and requirement for analytics at the network’s edge have been driving the global fog computing market. On the other hand, lacking uniform governance standards and lacking fog computing technology skills might hamper the overall market at a global.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Fog Computing Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.

The Final Report will cover the impact analysis of COVID-19 on this industry:

Download and Get Sample PDF File of this Strategic Report :https://www.kennethresearch.com/sample-request-10060084

Global Fog Computing Market Competitive Landscape
The “Global Fog Computing Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Cisco Systems Inc., Microsoft Corporation, ARM Holdings PLC, Intel Corporation, GE Digital LLC, Fujitsu Ltd., Schneider Electric Software’ LLC, Toshiba Corporation, Prismtech Corporation, and Dell Inc.. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.

Global Fog Computing Market Segmentation, by Type
• Hardware
• Software
o Fog Computing Platform
o Customized Application Software
Global Fog Computing Market Segmentation, by Application
• Building & Home Automation
• Smart Energy
• Connected Health
• Security & Emergencies
• Smart Manufacturing
• Transportation & Logistics
• Others
Global Fog Computing Market Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Latin America
o Brazil
• Rest of the World

Request For Full Report: https://www.kennethresearch.com/sample-request-10060084

About Us
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.

Contact Us
Name: Kenneth research
Email:sales@kennethresearch.com
Phone: +1 313 462 0609Fog Computing Market
Motion Control Market
Next Generation Data Storage Market
Endoscopy Equipment Market
360 Degree Camera Market

Leave a Reply

Your email address will not be published. Required fields are marked *