Global Fog Computing Market Grow at a CAGR of 60.67 % during 2017-2021
Market Research Hub ( MRH ) has recently announced the addition of a fresh report , titled “ Global Fog Computing Market 2017-2021 ” to its report offerings . Technavio ' s report , 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 .
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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 .
Technavios analysts forecast the global fog computing market to grow at a CAGR of 60.67 % during the period 2017-2021 .
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 .