The Fog Computing Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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As per The Business Research Company’s latest findings in the Fog Computing Global Market Report for 2024, the trajectory of the fog computing market showcases an anticipatory trend towards exponential expansion over the forthcoming years. Projections indicate a significant surge, with market size poised to reach $0.71 billion by 2028, fueled by a robust compound annual growth rate (CAGR) of 35.9%. This growth trajectory is underpinned by multifaceted factors, notably the escalating adoption of edge-as-a-service paradigms, the proliferation of smart cities, intensified emphasis on edge security measures, progressive strides in edge AI technologies, and the widespread deployment of 5G networks.
In elucidating the drivers of this burgeoning market landscape, it becomes evident that the burgeoning uptake of smart devices is set to catalyze the momentum of fog computing advancements. Smart devices, characterized by their infusion of advanced computing functionalities including artificial intelligence (AI) and machine learning, form the bedrock of the burgeoning Internet of Things (IoT) ecosystem. In leveraging fog computing frameworks, these smart devices engender real-time data processing capabilities, mitigate latency concerns, and bolster scalability by offloading computational workloads from centralized cloud infrastructures onto edge devices. A salient example of this trend is exemplified by statistics reported by ComScore in December 2021, indicating a notable surge in smart speaker ownership, with 48% of internet users possessing at least one smart speaker, marking an 11% increase from the preceding year.
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The fog computing market covered in this report is segmented –
1) By Component: Hardware, Software
2) By Deployment Models: Private Fog Node, Community Fog Node, Public Fog Node, Hybrid Fog Node
3) By Application: Building And Home Automation, Smart Energy, Smart Manufacturing, Transportation And Logistics, Connected Health, Security And Emergencies, Retail, Other Applications
Top 5 Major Players:
Amidst this landscape of burgeoning opportunities, key stakeholders within the fog computing domain are strategically pivoting towards product innovations imbued with seamless edge AI integration. A prime exemplar of this strategic maneuvering is discernible in the initiatives undertaken by major industry players to fortify their market foothold through the introduction of managed edge-to-cloud solutions. These solutions, typified by their holistic automation and management capabilities, facilitate seamless data orchestration spanning from the edge, where data originates, to the cloud. A case in point is the unveiling of “Atos Business Outcomes-as-a-Service” (Atos BOaaS) by Atos SE in collaboration with Dell Technologies in May 2022. This pioneering offering extends the realms of cloud architecture to the edge and far edge, thus empowering enterprises to harness the transformative potential of AI-driven insights while streamlining the management of their IoT ecosystem through a unified dashboard interface. Notably, the environmental ramifications of such advancements are poised to be profound, with Atos BOaaS slated to substantially mitigate carbon emissions, thereby manifesting a tangible commitment towards sustainable digital operations.
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32. Global Fog Computing Market Competitive Benchmarking
33. Global Fog Computing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Fog Computing Market
35. Fog Computing Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Fog Computing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Fog Computing Market, Segmentation By Deployment Models, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Fog Computing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 74: Microsoft Corporation Financial Performance
Table 75: Dell Technologies Inc. Financial Performance
Table 76: Intel Corporation Financial Performance
Table 77: International Business Machines (IBM) Corporation Financial Performance
Table 78: Cisco Systems Inc. Financial Performance
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