Fog Computing Market size to witness heavy growth prospects via manufacturing sector

Fog computing Market size in manufacturing sector is predicted to exhibit lucrative growth over the forecast period. The fog computing industry growth can be credited to the increasing demand for process automation in the manufacturing sector to gain an edge over competitors. Furthermore, fog computing solutions enhance the operational efficiency by providing actionable insights and real-time monitoring of the operations, which is estimated to increase the adoption among manufacturing plants.

Fog computing Market is impelled by increasing penetration of Internet of things in healthcare IT infrastructure. It goes without saying that the requirement of transmitting healthcare cloud to all verticals has become more important, in order to ensure real-time smart communications. Given this backdrop, experts claim, fog computing technology provides the foundational IoT infrastructure requirement for effectuating this process from novelty to reality. In fact, as per experts’ opinion, market is set to remarkably influence value based supply chain model of healthcare fraternity in the coming years, with a considerable improvement in operational efficiency.

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The unprecedented growth of IoT and machine to machine services has led fog computing market place to be the next battleground for sustainability and revenue streams. This can be possibly credited to the fact that with rapid development of these applications, the conventional centralized cloud computing platforms are encountering a barrage of severe operational challenges such as low spectral efficiency (SE), high latency, and non-adaptive machine type of communications. In a bid to respond to this challenge, advanced technology is driving a trend that is shifting from centralized cloud computing to a decentralized model. The steep growth graph of fog computing industry can be fundamentally attributed to this paradigm transition.

The explosive amplitude of IoT, spanning virtually every sphere, has a pivotal role to play in the expansion of fog computing market size. Still considered a plausible tech sub-space by mere mortals, this business domain, an inherent extension of the cloud computing industry, is likely to actually emerge as a viable niche vertical, starting 2018, as per the predictions of The US office of National Institute of Standards and Technology (NIST). Subject to its extraordinary ability to support latency-sensitive and vertically-isolated applications by means of providing a scalable, ubiquitous, distributed, and layered network connectivity, storage, and computing, fog aims to simplify processing and IoT infrastructure.

 Asia Pacific fog computing market size is estimated to be the fastest growing region owing to the increasing adoption of the cloud computing platform in countries such as India and China. Furthermore, rapidly developing smart infrastructure such as smart cities and government initiatives in the developing countries are also estimated to have significant impact on the growth of the fog computing industry. For instance, Indian government’s smart city development initiative, Digital India program and Make in India campaign is estimated to fuel the development of smart infrastructure, therefore increasing the demand for streaming data from cloud computing platform.

One of the biggest constraints of fog computing industry is the dearth of proper standardization of the technology. In fact, as per reports, end-users find inconsistency which sometimes result in decreased data retrieval and unreachable information. However, some of the renowned tech juggernauts such as Cisco, Intel, Microsoft, and ARM Holdings are showing quite some proactiveness in overcoming the challenge. In what may be touted as an attempt to standardize fog computing technology for future deployment, the aforementioned companies in collaboration with Princeton University have founded OpenFog Consortium in the year 2015. Estimates by Global Market Insights, Inc., claim global fog computing market size to exceed a valuation of USD 700 million by 2024.

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