ICT RESEARCH REPORTS Fog-Computing-Market | Page 2

“Low latency requirement and high scalability for real time applications are expected
to provide high traction to the fog computing market”
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.
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“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 penetration at exponential rates. Thus, software solution segment is
expected to dominate the market over the forecast period.
“The U.S. dominated overall fog computing market share, owing to the high adoption
in the country”
Major investment in the R&D activities in the region, primarily in the automotive segment is
expected to fuel the industry growth. The government has introduced a number of initiatives to
revolutionize the automotive technologies, so as to reduce the number of road accidents and
fatalities. Introduction of V2V communication, and V2I communication (or V2X) technologies are
few of the initiatives in the process, which is expected to provide considerable growth prospects
over the forecast period. The exponential rate of urbanization and industrialization in the Asia