The fog
computing market, in terms of value, is expected to reach 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.
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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