GITNUX MARKETDATA REPORT 2024

Fog Computing Industry Statistics

The expected growth of the fog computing industry is projected to reach $203 million by 2027, driven by the increasing demand for edge computing solutions in various sectors.

Statistic 1

"The global Fog Computing Market size is expected to reach $768.78 million by 2026, exhibiting a CAGR of 55.6% during the forecast period."

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Statistic 2

"North America constituted the largest fog computing market share of over 50% in 2019."

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Statistic 3

"Information technology & telecom fog computing market is expected to witness a growth rate of over 55% from 2020 to 2026."

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Statistic 4

"The fog computing market in Asia Pacific is likely to exhibit a CAGR of over 60% until 2026."

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Statistic 5

"Hardware component in fog computing market is expected to grow at a CAGR of above 50% from 2020 to 2026."

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Statistic 6

"Key market players such as Microsoft, Cisco, and IBM, account for approximately 50% of the overall fog computing industry."

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Statistic 7

"Fog computing, as a part of the 5G system could cater to nearly 10,000 devices within a range of 200 meters."

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Statistic 8

"Over 45% of fog computing in the energy & utility industry is used for data analytics."

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Statistic 9

"The largest share of the fog computing market in 2019 was held by the manufacturing industry, accounting for over 25% of the total revenue."

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Statistic 10

"The retail industry segment in the fog computing market is projected to expand at a CAGR of above 45% over 2020 to 2026."

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Statistic 11

"Cisco predicts that by 2022, 59 zettabytes of data will be produced annually by all people, machines, and things, pointing out a growing need for fog computing."

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Statistic 12

"The software component of the fog computing market is expected to reach above $200 million by 2026."

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Statistic 13

"The global fog computing market is dominated by North America as of 2019, with a market value of USD 9.33 billion."

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Statistic 14

"Europe fog computing market is expected to witness a CAGR of over 55% over the forecasted period."

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Statistic 15

"The smart city segment in the fog computing market is projected to grow at about 55% CAGR to 2026."

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Statistic 16

"IBM's Watson IoT is forecasted to control around 15% of the fog computing market by 2025."

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Statistic 17

"Automotive industry’s fog computing market size is expected to reach nearly $90 million by 2026."

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Statistic 18

"In 2019, the market size for the healthcare fog computing industry was worth over USD 5 million."

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Statistic 19

"The revenue of the worldwide fog computing market is projected to be between 18 to 20 billion U.S. dollars by 2022."

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