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Global Fog Computing Market, 2020-2027: Market to Reach $868.7 Million - Low Latency Requirement and Bandwidth Limitations of Apps Drive Demand

Dublin, March 08, 2021 (GLOBE NEWSWIRE) -- The "Fog Computing - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Fog Computing Market to Reach $868.7 Million by 2027

Amid the COVID-19 crisis, the global market for Fog Computing estimated at US$52.1 Million in the year 2020, is projected to reach a revised size of US$868.7 Million by 2027, growing at aCAGR of 49.5% over the period 2020-2027.

Hardware, one of the segments analyzed in the report, is projected to record 45.3% CAGR and reach US$284.7 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 51.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $15.8 Million, While China is Forecast to Grow at 47.3% CAGR

The Fog Computing market in the U.S. is estimated at US$15.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$140.6 Million by the year 2027 trailing a CAGR of 47.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 44% and 42.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 33.1% CAGR.

The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Fog Computing: A Market Insight

  • Rising Applications of IoT Play a Central Role in Expansion of Fog Computing

  • Healthcare Reimbursement Systems in the US Leaves a Major Impact on Fog Computing

  • Cloud Computing: An Overview

  • Global Competitor Market Shares

  • Fog Computing Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

  • Global Mobile Edge Computing Market: Percentage Breakdown of Volume Sales by Leading Players

  • Impact of Covid-19 and a Looming Global Recession

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2. FOCUS ON SELECT PLAYERS

  • ARM Ltd.

  • Cisco Systems, Inc.

  • Dell EMC

  • Fujitsu Ltd.

  • GE Digital

  • Intel Corporation

  • Microsoft Corporation

  • Nebbiolo Technologies, Inc.

  • PrismTech Corporation

  • Schneider Electric Software LLC

  • Toshiba Corporation

3. MARKET TRENDS & DRIVERS

  • Low Latency Requirement and Bandwidth Limitations of Apps Drive Demand for Fog Computing

  • Greater Awareness of Data Security and Real-Time Operations Propel Market Growth

  • Smart Manufacturing Application Dominates the Market

  • Growth in M2M Communication Offer Opportunities for Organizations to Adopt Fog Computing

  • Security, Privacy, and Authentication Issues: A Major Setback for Fog Computing

  • Inadequate Skilled Workforce and Lack of Standardization Limits the Market Growth

  • Fog Computing: Key Challenges

  • PRODUCT OVERVIEW

  • Fog Computing: A Definition

  • Fog Computing: Pros and Cons

  • Applications of Fog Computing

  • Key Difference: Fog Computing and Cloud Computing

4. GLOBAL MARKET PERSPECTIVE

  • Hardware (Offering) World Market by Region/Country in US$: 2020 to 2027

  • Software (Offering) Potential Growth Markets Worldwide in US$: 2020 to 2027

  • Building & Home Automation (Application) Global Market Estimates & Forecasts in US$ by Region/Country: 2020-2027

  • Smart Energy (Application) Demand Potential Worldwide in US$ by Region/Country: 2020-2027

  • Smart Manufacturing (Application) Worldwide Latent Demand Forecasts in US$ by Region/Country: 2020-2027

  • Transportation & Logistics (Application) Sales Estimates and Forecasts in US$ by Region/Country for the Years 2020-2027

  • Connected Health (Application) Global Opportunity Assessment in US$ by Region/Country: 2020-2027

  • Security & Emergencies (Application) Worldwide Sales in US$ by Region/Country: 2020-2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

  • Market Facts & Figures

  • Fog Computing Market Share (in %) by Company: 2019 & 2025

  • Market Analytics

  • Fog Computing Market Estimates and Projections in US$ by Offering: 2020 to 2027

  • Fog Computing Market Share Breakdown by Offering: 2020 VS 2027

  • Fog Computing Latent Demand Forecasts in US$ by Application: 2020 to 2027

  • Fog Computing Market Share Breakdown by Application: 2020 VS 2027

IV. COMPETITION

Total Companies Profiled: 42

For more information about this report visit https://www.researchandmarkets.com/r/oriukt

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900