The Increasing Data Pool is Propelling the Requirement
for Robust Processing Technologies Giving Rise to Fog Computing

The global fog computing
market is anticipated to grow at a significant CAGR during the forecast period
(2024-2031). The market growth is driven by the growing internet penetration,
the increasing pool of data, and the rising integration of advanced
technologies such as Artificial Intelligence (AI) and the Internet of Things
(IoT) into information processing and computing. Fog computing is
replacing cloud computing for applications, as the centralized computing structures
of cloud computing face latency issues. Furthermore, the increasing adoption of
smart devices, machine-to-machine communication technology, and the need for
real-time data processing and analysis, is bolstering the market growth during
the forecast period.

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The global fog computing
market is segmented by component (into hardware and
software), by application (into connected health, smart energy, smart
manufacturing, smart city, transportation & logistics, building and home
automation, and security and emergency systems), and by geography (into North America,
Europe, Asia-Pacific, and Latin America and the Middle East and Africa).

The smart manufacturing segment is
anticipated to witness the highest CAGR during the forecast period, as fog
computing is actively employed in the manufacturing sector to improve processes
and drive operational efficiencies. Smart Manufacturing is critical to the Industry 4.0 movement,
to create smart factories that are highly automated and interconnected.
Furthermore, fog computing is important for predictive maintenance as it can
provide a timely forecast of the potential failure of the manufacturing equipment.
This reduces downtime and improves efficiency on the shop floor.

Additionally, the
transportation and logistics segment is anticipated to be the fastest-growing
segment during the forecast period. The segmental growth is attributed to
significant digital transformation witnessed by the transportation and
logistics sector. Additionally, fog computing would help optimize supply chain
management, streamline logistics operations, and improve overall efficiency
across the segment. It can be utilized for real-time tracking, route
optimization, and enhanced visibility, enabling prompt response to
changing market conditions, and delivering goods faster and more
reliably.  

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North America
is estimated to have the largest market share during the forecast period.
The position is attributed to the rapid penetration and implementation of IoT
and increasing expenditures in the field. Additionally, the businesses in the
region are adopting fog computing to bridge the gap between the cloud and
edge devices, providing robust computing infrastructure. Furthermore, the
region is home to leading technology companies, including Amazon, Google, and Microsoft
that are contributing significantly to the regional market growth.

 The major players operating in the global fog
computing market include Dell, Inc., Cisco Systems, Inc., General Electric Co.,
and Fujitsu Ltd., among others. The market players are contributing
significantly to the market growth by the adoption of various business
strategies, such as product development, mergers and acquisitions,
partnerships, and others. 

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