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Global $313 Million Fog Computing Market Outlook 2017-2023: Analysis by Component and Application - ResearchAndMarkets.comThe "Fog Computing - Global Market Outlook (2017-2023)" report has been added to ResearchAndMarkets.com's offering. The Global Fog Computing Market is valued at $14.69 million in 2016 and is expected to reach $313.04 million by 2022 growing at a CAGR of 54.8% from 2016 to 2023. Global fog computing market key drivers are the developing Internet of Things connectivity, machine to machine communication, requirement for real-time computing for time-critical process and the increasing demand for connected devices. The rising business demand for increased operation efficiency, rapid decision-making ability, and cost savings would make fog computing an influential model for enterprises amid verticals in the future. Software segment is anticipated to grow at the highest rate over the forecast period. Moreover, new entrants who desire to penetrate this market could simply enter the software market as it needs little initial investment in contrast to hardware. By application segment, smart manufacturing is estimated to expand at highest rate over coming six years. By region North America is estimated to grow at the highest rate. The U.S. and Canada in North America are amid the most technically advanced countries in the world and are leading in the adoption of latest technologies, thus providing enormous opportunities for the fog computing technology in this region. Segments Covered Components
Applications
Key Topics Covered 1 Executive Summary 2 Preface 3 Market Trend Analysis 4 Porters Five Force Analysis 5 Global Fog Computing Market, By Component 6 Global Fog Computing Market, By Application 7 Global Fog Computing Market, By Geography 8 Key Developments 9 Company Profiling
For more information about this report visit https://www.researchandmarkets.com/research/fjj5l4/global_313?w=4 View source version on businesswire.com: https://www.businesswire.com/news/home/20180614005464/en/ |
