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.
To access a sample copy or view the fog computing market report in detail along with the table of contents, please click the link below: https://www.gminsights.com/request-sample/detail/2295
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.
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.
Browse Full Report: https://www.gminsights.com/industry-analysis/fog-computing-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.