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Fog Computing Market | Exponential Growth of IoT to Boost the Market Growth | Technavio

·4 min read

The fog computing market is expected to grow by USD 28.87 billion, progressing at a CAGR of almost 55% during the forecast period. Download Free Sample Report

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201027005837/en/

Technavio has announced its latest market research report titled Global Fog Computing Market 2020-2024 (Graphic: Business Wire)

The exponential growth of IoT is one of the major factors propelling the market growth. However, factors such as competition from low-cost centralized and general-purpose computing infrastructure will hamper market growth.

More details: https://www.technavio.com/report/fog-computing-market-industry-analysis

Fog Computing Market: Application Landscape

Fog computing solutions are efficient in enhancing energy distribution operations. For instance, in a large smart grid, smart meters produce a tremendous amount of data that is difficult to process, analyze, and store even with cloud computing. In such circumstances, fog computing helps in collecting, computing, and storing smart meter data before transmitting them to the cloud. As a result, fog computing offers the means for smart grid technologies to thrive and for industry professionals to innovate, which in turn, is driving sales. Therefore, market growth in this segment will be significant during the forecast period.

Fog Computing Market: Geographic Landscape

North America was the largest fog computing market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The significant increase in government expenditures toward the development of cities will significantly drive fog computing market growth in this region over the forecast period. 55% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for fog computing in North America. Market growth in this region will be slower than the growth of the market in APAC.

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Companies Covered:

  • Arm Ltd.

  • Cisco Systems Inc.

  • Dell Technologies Inc.

  • Fujitsu Ltd.

  • General Electric Co.

  • Intel Corp.

  • Microsoft Corp.

  • Nebbiolo Technologies Inc.

  • Schneider Electric SE

  • Toshiba Corp.

What our reports offer:

  • Market share assessments for the regional and country-level segments

  • Strategic recommendations for the new entrants

  • Covers market data for 2019, 2020, until 2024

  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)

  • Strategic recommendations in key business segments based on the market estimations

  • Competitive landscaping mapping the key common trends

  • Company profiling with detailed strategies, financials, and recent developments

  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by Application

  • Market segments

  • Comparison by Application

  • Utilities - Market size and forecast 2019-2024

  • Transportation - Market size and forecast 2019-2024

  • Industrial - Market size and forecast 2019-2024

  • Healthcare - Market size and forecast 2019-2024

  • Agriculture - Market size and forecast 2019-2024

  • Others - Market size and forecast 2019-2024

  • Market opportunity by Application

Customer landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • North America - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • APAC - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

  • Market drivers – Demand led growth

  • Market challenges

  • Market trends

Vendor Landscape

  • Vendor landscape

  • Landscape disruption

  • Competitive scenario

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Arm Ltd.

  • Cisco Systems Inc.

  • Dell Technologies Inc.

  • Fujitsu Ltd.

  • General Electric Co.

  • Intel Corp.

  • Microsoft Corp.

  • Nebbiolo Technologies Inc.

  • Schneider Electric SE

  • Toshiba Corp.

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201027005837/en/

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