Fog Computing Market Growth Outlook with Industry Review and Forecasts by 2024 - PowerPoint PPT Presentation

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Fog Computing Market Growth Outlook with Industry Review and Forecasts by 2024


Request Sample of Report @ The fog computing market comprises fog as a product (FaaP) and fog as service (FaaS). FaaP is defined as a deployment model, where vendor sells its fog enables product and service to the client. These systems are installed physically on the systems and data is stored on the on-premise servers. Whereas, in FaaS model, the vendor leases out the hardware, software, and service to the application and data is stored on the cloud platforms. FaaP is estimated to be the dominating segment in the industry. As the data stored on the servers are very sensitive, organizations prefer FaaP over FaaS. – PowerPoint PPT presentation

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Title: Fog Computing Market Growth Outlook with Industry Review and Forecasts by 2024

Global Fog Computing Industry to surpass 700
million by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Key Insights from Fog Computing Market
  • Fog Computing Market size is set to exceed USD
    700 million by 2024 according to a new research
    report by Global Market Insights, Inc. Increasing
    penetration of cloud computing platforms is
    fostering the fog computing market growth. Over
    the past decade, cloud computing has emerged as a
    driving force in the IT ecosystem. It is
    estimated that approximately 80 of the
    enterprises are utilizing the capabilities of the
    cloud computing platform in their business and
    the number is further anticipated to increase in
    the future.
  • As cloud computing platforms offers computing,
    storage, and networking services across all the
    business sectors, it frees the customer and
    enterprises from the specifications of various
    details, which may result issues in latency
    sensitive applications in sector such as
    healthcare, energy utility. These inherent
    challenges of cloud computing are forecast to
    positively impact the market adoption.

  • Fog computing solutions offer several benefits to
    the business, as they extend the cloud near the
    edge devices that generate and act on data. The
    model increases the business agility as it offers
    rapid innovation and affordable scaling options.
    It is cost effective and comparatively faster
    than cloud computing platforms. Furthermore, it
    provides better security, deeper insights, and
    privacy control. It also reduces the operating
    expenses by conserving the network bandwidth and
    locally processing the data rather than
    forwarding to the cloud platform.
  • The growth of the fog computing market is
    attributed to the paradigm shift in the U.S.
    healthcare reimbursement systems from
    fee-for-service model to the outcome-based
    reimbursement model. This will encourage
    healthcare organizations to adopt IoT devices to
    reduce power consumption, improve operational
    efficiency, reduce cost, and enhance overall
    performance of business. Furthermore, healthcare
    applications are latency sensitive and requires
    real-time analysis, any delay in transmitting
    data leads to serious consequences.

U.S. Fog Computing Market Size, By Component,
2016 2024 (Mn)


Browse Full Market Research Report On Fog
Computing Market _at_ http//
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  • The manufacturing sector is also one of the major
    end-users of the fog computing market solutions
    and holds huge potential for the industry
    revenue. The growth can be credited to the
    increasing demand for process automation in the
    manufacturing sector to gain an edge over
    competitors. Furthermore, fog computing solutions
    enhance the operational efficiency by providing
    actionable insights and real-time monitoring of
    the operations, which is estimated to increase
    the adoption among manufacturing plants.
  • Asia Pacific fog computing market is estimated to
    be the fastest growing region owing to the
    increasing adoption of the cloud computing
    platform in countries such as India and China.
    Furthermore, rapidly developing smart
    infrastructure such as smart cities and
    government initiatives in the developing
    countries are also estimated to have significant
    impact on the growth of the industry. For
    instance, Indian governments smart city
    development initiative, Digital India program and
    Make in India campaign is estimated to fuel the
    development of smart infrastructure, therefore
    increasing the demand for streaming data from
    cloud computing platform.

  • AppFog
  • ARM
  • ATT
  • Cisco
  • Cradlepoint
  • Dell
  • Foghorn
  • GE Digital
  • IBM

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