Fog Computing Market - Global Industry Insights, Opportunity Analysis, 2018–2025
Requirement of managing service offerings at the network edge to enhance the efficiency and avoid the network bottlenecks, is expected to propel the growth over the forecast period. Proliferation of IoT and internet enabled devices has led to exponential increase in data generation and access requirement at the end user leading to significant increase in the traffic generated. Traffic patterns vary based on the user inclination, however, they are concentrated in the metropolitan areas across the globe. Inadequacy of the cloud and internet networks to efficiently manage the data stream across its regional expanse also adds to the requirement of infrastructure in the proximity of the users. Advent of connected technologies such as connected homes, buildings, smart energy, connected factory operations, connected vehicles, and OTT content are among the prominent factors anticipated to fuel the demand for fog computing methodologies to avoid the network bottlenecks. Ask for detailed Sample of the Research Report @ https://www.coherentmarketinsights.com/insight/request-sample/807 Mission critical applications such as cloud robotics, fly-by wire aircraft control, and automotive anti-lock brakes require real time data processing. Control and management of the operations is directly dependent on the information collected by the sensors and the control system feedback. Event of the control system being run on cloud may negatively impact the sense-process-actuate loops or unavailable due to communication failures. However, low latency requirement of the fog computing can be used to perform the control system processing making the real-time reaction feasible. This methodology primarily aims at processing the incoming data in proximity to the data source itself and reduces the burden on the cloud processing, thus addressing scalability requirements, owing to increasing number of endpoints. Software segment contributed to around 65% revenue of the fog computing market, is expected to remain the dominating revenue segment through the forecast period Overall IT components costs have witnessed substantial decline over the past few years, in conjunction with considerable advancement leaps in the processing and compactness over the past few years. Connectivity costs have witnessed consistent price reductions with the advent of fast communication technologies such as 3G, 4G, and LTE. Software as a Service (SaaS) and the usability of these in analytics, e-commerce, collaboration, and other business functions has witnessed increased