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Global Fog Networking Market 2021 Key Players, Industry Overview, Supply Chain and Analysis

Fog Networking

The report focuses on the favorable Global “Fog Networking market” and its expanding nature. The Fog Networking market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

Market Overview:

  • The fog networking market is expected to reach USD 861.60 million in 2024 from USD 39.03 million in 2018, growing at a CAGR of 67.90% during the forecast period (2019 – 2024). Though fog networking is a new technology in the technological market, it is, however, already making its mark in the market.
  • – Fog networking enlarges the technology of cloud computing to the network edge and thus makes it ideal for IoT, 5G, AI, and many more technologies that require real-time analysis of data and that too in a faster pace. For instance, Citi Bank uses beacon technology to understand ATM users purchasing behavior and provides incentives to customers to use Citi cards in local areas for transacting.
  • – Fog nodes are deployed close to the end-devices and they act as smart processors that have the capability to analyze the real-time data and give instant results.
  • – Devices, ranging from personal wearables and home appliances to industrial sensors, generate a vast amount of data that needs to be processed to gain insights. Fog networking not only provides real-time analysis with low latency but also addresses security concerns that prevail in cloud computing.
  • – Fog networking will be useful in applications such as connected vehicles, connected healthcare, traffic management, and many more, which require low latency. For instance, smart traffic will not work if the latency is too high.

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    Key Manufacturers

  • Amazon Web Services, Inc.
  • Cisco Systems, Inc.
  • Dell Inc.
  • IBM Corporation
  • Intel Corporation
  • Microsoft Corporation
  • Nebbiolo Technologies
  • Nokia Corporation
  • Qualcomm Corporation
  • Tata Consultancy Services Limited

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Fog Networking market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Fog Networking market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Fog Networking market have also been involved in the study.

    Scope of the Report:

  • Fog networking is a decentralized computing infrastructure in which data, compute, storage and other applications are located somewhere between the data source and the cloud. Like edge computing, fog networking brings the advantages and power of the cloud closer to where data is created and acted upon so that the data has to travel less which results in faster processing speed.

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    TOC of Fog Networking Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Fog Networking market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Fog Networking Market Report Covered:

    • The report analyses how Fog Networking market will grow in the future.
    • Analyzing various perspectives of the Fog Networking market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Fog Networking market shares and policies employed by the major market players.
    • Competitive landscape including the Fog Networking market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Fog Networking market players

    Key Market Trends:

    Smart Meter to Witness Higher Growth

    – A smart meter is an electronic device that records the consumption of electrical energy units and communicates it to the power company from which the power is supplied.
    – Many power companies across the world are planning to adopt smart meters to remotely monitor consumers energy consumption and also to prevent fraudulent energy consumption. Moreover, smart energy and metering solutions are becoming more prevalent in both businesses and households.
    – The data which is collected by the smart meters is sufficient to draw inferences, such as behavior, sleeping cycle, home occupancy, eating routines, etc. of the consumers. However, for it to make sense, the data needs to be analyzed in real-time.
    – The data collected per household can be used by various organizations. For instance, an electric or power company can sell its products or services based on energy units consumed.
    – As smart meters produce a tremendous amount of data that are hard to process and analyze even with cloud computing, they call a need for fog computing that offers a place for collecting, computing and storing smart meter data before transmitting them to the cloud.

    North America Occupies the Largest Market Share

    – North American region occupies the largest share in the market as most of the fog networking enterprises are based out of North America. Moreover, most of the cloud computing providers working in this region have already started offering fog networking hardware and software solutions to stay up to date with the technology.
    – The OpenFog consortium, which is a consortium of high tech companies and academic institutions across the world aiming at the standardization and promotion of fog computing in various capacities and fields include companies, such as Cisco, Dell, Intel, Microsoft, is also headquartered in the United States. More companies are joining this consortium to gain insights about fog computing.
    – The North American region is also the leader in IoT and 5G technology, which generates a huge amount of data to be processed in real time.
    – With the emergence of connected cars in the region, the market is expected to witness huge growth as the cars will need to communicate not only with each other but also with traffic lights, where traffic lights will act as fog nodes. Moreover, these cars will require real-time analysis of data to function accurately.

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    Study objectives of Fog Networking Market Report:

    • To provide a detailed analysis of the market structure along with the Fog Networking market forecast of various segments and sub-segments of the Fog Networking market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Fog Networking market trends that influence the global Fog Networking market

    Detailed TOC of Fog Networking Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Growing Demand for Real-time Computing
    4.3.2 Proliferation of IoT Devices Leading to an Exponential Increase in Data
    4.4 Market Restraints
    4.4.1 Structural and Security Issues
    4.5 Industry Attractiveness – Porter’s Five Force Analysis
    4.5.1 Threat of New Entrants
    4.5.2 Bargaining Power of Buyers/Consumers
    4.5.3 Bargaining Power of Suppliers
    4.5.4 Threat of Substitute Products
    4.5.5 Intensity of Competitive Rivalry

    5 TECHNOLOGY ROADMAP

    6 MARKET SEGMENTATION
    6.1 By Component
    6.1.1 Hardware
    6.1.2 Software and Service
    6.2 By End-user Application
    6.2.1 Smart Meter
    6.2.2 Building and Home Automation
    6.2.3 Smart Manufacturing
    6.2.4 Connected Healthcare
    6.2.5 Connected Vehicle
    6.2.6 Other End-user Applications
    6.3 Geography
    6.3.1 North America
    6.3.2 Europe
    6.3.3 Asia-Pacific
    6.3.4 Rest of the World

    7 COMPETITIVE LANDSCAPE
    7.1 Company Profiles
    7.1.1 Amazon Web Services, Inc.
    7.1.2 Cisco Systems, Inc.
    7.1.3 Dell Inc.
    7.1.4 IBM Corporation
    7.1.5 Intel Corporation
    7.1.6 Microsoft Corporation
    7.1.7 Nebbiolo Technologies
    7.1.8 Nokia Corporation
    7.1.9 Qualcomm Corporation
    7.1.10 Tata Consultancy Services Limited

    8 INVESTMENT ANALYSIS

    9 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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