The fog computing market, in terms of value, is expected to grow from USD 22.28 Million in 2017 to USD 203.48 Million by 2022, at a CAGR of 55.6% between 2017 and 2022. The market would be highly diversified and competitive with market players including top-tier and mid-tier companies as well as start-up firms. With the rate of proliferation of smart sensors, the increasing adoption of IoT-enabled devices, and mainstreaming of many smart applications, the fog technology is expected to become the most popular concept across domains such as manufacturing, energy, transportation & logistics, and healthcare, among others.

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Concurrent IoT infrastructure is not capable of handling critical, real-time, and heavy applications because of bandwidth limitations and low latency requirement of such applications. Therefore, it has become imperative to introduce an additional computational network layer between cloud and edge devices. This layer is the fog computing layer. It comprises fog nodes and fog computing platform. Fog nodes are the generic networking devices such as routers, switches, controller, gateways, and servers. In other words, any device with computation, storage, and networking capability can be a fog node. Fog software comprises two stages: the platform enables the generic design of computational parameters and processes and the customized service software enables application-specific design of fog nodes.

The smart manufacturing application would hold the largest share of the market followed by smart energy. A number of sensors are used for different functions in factories or manufacturing units, which generate huge amounts of data per hour that needs to be transferred to the cloud for computing. This transfer of data back and forth takes time and is not ideal for functions that require real-time processing of data for critical decision making. Fog computing is a solution to these problems as fog brings the power of computing at the edge of the network, thus helping to solve the problem in real time. This would help manufacturing companies in better decision making with real-time data, which would also help in reducing the operating cost.

The market in the Americas is expected to hold the largest share of the market in 2017. The major driving factors for the growth in the Americas are the intense research and development in the field of fog computing, high penetration of Internet of Things, and growth of a number of IoT and cloud start-ups.

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The major players engaged in the development of FOG COMPUTING are Cisco Systems, Inc. (U.S.), Microsoft Corporation (U.S.), ARM Holding Plc. (U.K.), Dell Inc. (U.S.), Intel Corporation (U.S.), Fujitsu (Japan), GE Digital (U.S.), Nebbilo Technologies (U.S.), Schneider Electric Software, LLC (Japan), Toshiba Corporation (Japan), and PrismTech Corporation (U.S.). Cisco Systems, Inc. offers routing, switching, and associated services including comprehensive security and mobility solutions. Cisco offers its products and services to help improve productivity and efficiency for application areas such as oil & gas, manufacturing, utilities, connected transportation, smart & connected cities, mining, public sector, and connected factory with its IoT solutions and services across the globe.

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