Global Fog Computing Market to grow at a CAGR of 60.67% during the period 2017-2021

Market Research analysts forecast the global fog computing market to grow at a CAGR of 60.67% during the period 2017-2021.

The following companies as the key players in the global fog computing market: Cisco Systems, IBM, and Intel.

Other Prominent Vendors in the market are: ARM, AT&T, Cradlepoint, Dell, General Electric, Hitachi Data Systems, FogHorn Systems, Fujitsu, PrismTech, Schneider Electric, Microsoft, and Nebbiolo Technologies.

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Commenting on the report, an analyst from Reports team said: “M2M enables machines to connect and interact securely over a network. It also keeps track of safety and security measures by providing remote access, 24×7 monitoring, and automated emergency response. M2M is an important feature in the telecom and IT landscape as it helps connect remote sensing, monitoring, and actuating devices. M2M communication systems in the transportation sector are gaining prominence quickly in the market. These systems enable communication among smart devices over a wired or wireless networking infrastructure.

According to the report, the increased adoption of communication devices in the transportation sector and the emergence of new players in the market have led to a decline in the prices of communication devices. Also, technological advances have helped the transportation and logistics sector to simplify commercial transportation systems. This has accelerated the development of low-cost communication devices. The cost of sensors is also declining as a large number of established and start-up firms develop sensor devices for IoT. The sensors are an important component of IoT in the transportation system. Declining prices of the sensors have encouraged transportation authorities to build smart transportation systems. Thus, the affordability of components of IoT devices has increased the adoption rate of IoT in the transportation sector.

Further, the report states that the large-scale commercial use of IoT is hindered by the lack of standardization. In the IoT network, standardization is necessary in the technical and application layers. The technical layer involves communication protocols for carrier-level communication, terminal description and service discovery mechanisms, and application data switching mechanisms. The application layer includes terminals, communication protocols, and application specifications. However, there are no specific standards for technical and application layer communications in an IoT framework, which limit the adoption of IoT among the end-users.

About Fog Computing

IoT and cloud computing are the key enablers of the fog computing market. IoT is a network of physical devices, sensors, and machines integrated into all objects connected through the Internet for effective data communication. It creates smart communication environments such as smart homes, shopping, transportation, and healthcare. IoT enhances operational efficiency by increasing the speed of communication over the existing infrastructure, which in turn, improves business productivity in all industrial setups. It focuses on improving the process capabilities by enabling real-time business decisions with data storage and computing capacity at the basic sensor level.

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Covered in this report 

The report covers the present scenario and the growth prospects of the global fog computing market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of fog computing technology required for IoT and cloud computing.

The market is divided into the following segments based on geography: 
Americas
APAC
EMEA

Global Fog Computing Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 

Key vendors 
Cisco Systems
IBM
Intel

Other prominent vendors 
ARM
AT&T
Cradlepoint
Dell
General Electric
Hitachi Data Systems
FogHorn Systems
Fujitsu
PrismTech
Schneider Electric
Microsoft
Nebbiolo Technologies

Market driver 
Exponential increase of IoT due to rise in communication between verticals
For a full, detailed list, view our report 

Market challenge 
Lack of standardization and performance inconsistency
For a full, detailed list, view our report 

Market trend 
Emergence of M2M communication systems
For a full, detailed list, view our report 

Key questions answered in this report 
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors? 

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Source: https://marketreportscenter.com/reports/507619/global-fog-computing-market-2017-2021