The fog computing market is expected to grow from USD 22.28 Million in 2017 to reach USD 203.48 Million by 2022, at a CAGR of 55.6% between 2017 and 2022. The fog computing market is expected to be dominated by the Americas, followed by APAC and Europe during the forecast period. The Top 5 players in the fog computing market in 2017 would be Cisco Systems, Inc. (U.S.), Microsoft Corporation (U.S.), Dell Inc. (U.S.), Intel Corporation (U.S.), and PrismTech Corporation (U.S.).
Players have adopted various strategies such as new product/new service launches; agreements, collaborations, joint ventures, and partnerships; and expansions and acquisitions to achieve growth in the fog computing market. Cisco Systems, Inc. (U.S.) is a high-end provider of networking, software, hardware, and systems communications technology-based products and services. The core business of the company includes routing, switching, and associated services including comprehensive security and mobility solutions. Cisco offers its products and services to help improve productivity and efficiency for application areas such as oil & gas, manufacturing, utilities, connected transportation, smart & connected cities, mining, public sector, and connected factory with its IoT solutions and services across the globe. The company offers a comprehensive set of IoT products and solutions under six different categories, namely, network connectivity, fog computing, data analytics, cyber & physical security, management and automation, and application platform.
Cisco’s fog computing portfolio includes fog data services and Cisco IOx software. Fog data services are software services that deliver analytics at the network’s edge, provide security and privacy of data, and offer application control of IoT sensors in the fog. Cisco IOx offers a familiar, reliable, and full-featured execution environment for IoT applications. In June 2016, Cisco joined the reseller program for Bit Stew’s (Canada) MIx Core platform to support and enable edge processing within the Cisco Fog network and help unlock the benefits of Industrial Internet using Fog Computing.
PrismTech Corporation is a privately held company that operates as a subsidiary of ADLINK Technology Inc. (Taiwan).
PrismTech Corporation provides platforms and tools for the Internet of Things (IoT), industrial Internet, and wireless communications. PrismTech supplies data connectivity tools, solutions, and professional services that need to build systems with the required platform coverage, performance, flexibility, robustness, scalability, and efficiency. PrismTechs customers are engaged in many market sectors such as industrial automation, healthcare, transportation, energy, smart cities, financial services, and aerospace and defense. PrismTech is conducting a webcast for the promotion of Vortex fog and to boost the usage of fog computing in advanced military warfare and Industrial IoT setup.
Fog Computing Market by Offering (Hardware, Software), Application (Building & Home Automation, Smart Energy, Smart Manufacturing, Transportation & Logistics, Connected Health, Security & Emergencies), and Geography - Global Forecast to 2022
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