What is a Fog computing?
Fog
computing, also termed as “edge computing” or “fogging” in association with
cloud emphasis helps in faster decision-making strictly with computations on
cognizable data by deployment of fog nodes close to Internet of Things (IoT)
aided devices, placed anywhere in the network trajectory either on a factory
floor, top of a power pole or an oil rig, subject having connectivity,
computational and storage imperatives.
The
primary drivers for fog computing market are inundation of IoT devices with
parallel IoT connectivity, subsequent growth in cloud computing market size and
Machine to machine (M-M) connectivity. The factors driving the fog computing
market size include computational power speed, increased operational efficiency
and cost savings across all verticals in the industry. By type, the fog
computing market size spans hardware and software. Software further disintegrates
into fog computing platform and customized application software. By
Application, the fog computing market size comprises building and home
automation, smart energy, smart manufacturing, transport and logistics,
connected health, security and emergencies and others-smart environment and
smart retail.
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By
geography, the market size extends to North America, Europe, Asia Pacific, MEA
and Latin America. The increased dominance of the Fog Computing Market by
Software is underscored by presence of majority of the players in cloud and IoT
ecosystem and would benefit by leveraging the system architecture at platform
and applications hierarchy.
Being
a software domain, the providers are not stranded with heavy capital investment
as would be with hardware, thus boosting the market. The fog computing market
by smart manufacturing application is in a transformative phase gravitating
towards process automation in the manufacturing sector and IoT with
machine-machine connectivity is a relatively untouched area for fog computing
market to monitor machine operations in real-time. North America with
importance ascribed to Internet of Things (IoT) and displaying economic
prosperity is a growing market for fog computing market. Being one among the
most technically advanced and developed nations, U.S. and Canada are prime
motivators of fog computing market.
Fog
networking supports the Internet of Everything concept wherein most of devices
of daily-use will be interconnected with each other, with phones, connected
vehicles, consumer appliances, virtual reality (VR) using Google glass as prime
examples. Virtual Reality (VR) devices work under a 5K environment and at
network edge with dynamic feeds (Google glass, tablets, phones) in a cloud/fog
scenario to reduce latency times, improve audio/video compression ratios that
catches camera feeds in multi-camera systems.
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The
key stakeholders in the market include IT infrastructure equipment providers,
support infrastructure equipment providers, component providers, software
providers, system integrators, network service providers, monitoring service
providers, support service providers, professional service providers,
distributors and resellers, cloud providers, collocation providers, enterprises
and data center vendors, government and standardization bodies, telecom
operators, healthcare organizations and financial organizations.
As
per an article dated Aug 2016, the verdict goes that IoT or Internet of Things
with fog computing drastically turns the tide in favor of the market by getting
IoT devices closer to the edge, the only access point for increasing bandwidth
and help the medical industry where limitations in internet speed and latency
times of IoT are reasons for a sluggish demand of the devices in telemedicine.
Growth
in IoT industry owes its success to cloud service providers and inimitable data
centers but with connected devices like self-driving cars where a delay of
nanoseconds end in mishaps with same going for telemedicine where lives rest on
speed and accuracy, a slight delay could prove fatal.
What are the top Fog computing
players?
The
key industry players spanning the fog computing market size include Microsoft,
Cisco, Dell, Intel, Arm Holding, Fujitsu and Schneider Electric Software.
PrismTech Corporation, Nebbiolo Technologies and Dell Corporation.