According to a new report, published by KBV research, The Global Fog Networking Market size is expected to reach $2.8 billion by 2030, rising at a market growth of 38.7% CAGR during the forecast period.
The Smart Manufacturing segment is leading the Global Fog Networking Market by Application in 2022; thereby, achieving a market value of $667.8 million by 2030. This results from industrial processes using fog networking technologies more often to increase productivity, streamline processes, and boost overall effectiveness. By providing the strength of both cloud and edge computing, fog networking allows for more efficient, and intelligent manufacturing.
The Software segment is registering a CAGR of 39.3% during (2023 - 2030). This development may be credited to software components, which are the foundation of fog networking and allow for sophisticated data processing, analytics, and decision-making at the network's edge. Fog networking software solutions are evolving and becoming better at performing complicated jobs such as machine learning, artificial intelligence, and data management advance.
The North America region dominated the Global Fog Networking Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $999.3 million by 2030. The Europe market is poised to grow at a CAGR of 38.1% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 39.6% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/fog-networking-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Cisco Systems, Inc., IBM Corporation, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Google LLC (Alphabet Inc.), Microsoft Corporation, Fujitsu Limited, Dell Technologies, Inc., Intel Corporation, Amazon Web Services, Inc. (Amazon.com, Inc.) and Arista Networks, Inc.
By Application
By Component
By Geography
Companies Profiled
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