Fog Computing market size is forecast to reach $765.9 billion by 2025, after growing at a CAGR of 55.5% during the forecast period 2020-2025. The fog computing is an advanced supplement to cloud computing. This is a versatile resources-rich computing platform, acting as a viable solution for several Internet of Things (IoT) applications. Additionally, fog networking provides short-term analytics at the edge and power of the cloud closer to where data is created. This factor is projected to propel the adoption of this computing to edge computing in multifarious applications such as smart grid, smart buildings, vehicle networks, smart city, and software-defined networks, worldwide. The widespread acceptance of cost-effective fog computing across small and large enterprises is set to contribute to the expansion of the global fog computing market size.

Key Takeaways:

• North America holds a major share in the fog computing market owing to the growing adoption of fog computing technology by the established players in the U.S. country.

• The growing popularity of process automation is highlighting the need for smart manufacturing is likely to aid in the market growth of fog computing. The advent of IoT, mobile internet, and cyber physical systems (CPS) is leading to witness the fastest growth of the vibrant computing protocol – fog computing.

• Increasing the adoption of fog computing software offerings by new entrants in the low capital investment marketplace is set to propel the demand for the fog computing market in the near future.

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Geography- Segment Analysis:
North America fog computing market share dominated the global fog computing market, accounts for more than 36%, followed by Europe and APAC. It is majorly due to the huge potential for the applications of IoT within developed economies namely the U.S. and Canada, is playing vital role in burgeoning the demand for fog computing market. These technically advanced countries are ahead in adopting new technologies and engaged in creating a huge number of opportunities for the fog computing technology in the North America region.

Drivers –Fog Computing Industry Outlook:
The growth of the fog computing market is impelled by the increasing demand for connected devices
Fog computing aids faster decision-making capability, cost savings, speedy evaluation of data, and improved operational efficiency.

Market Landscape: Top ten players accounting for 40% of the share. Adlink Technology, Inc., Cisco Systems, Inc., Fujitsu Ltd., Cradlepoint, Inc., Foghorn System, Hitachi Data System, IBM Corporation, Intel Corporation, Microsoft Corporation, and Nebbiolo Technology are the fog computing top 10 companies.

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