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.