Posted 10/2/2023, 1:30:00 AM

Fog Computing Market Size to Grow by $1.24B Despite Standardization and Performance Challenges

Fog computing market size expected to grow by USD 1.24 billion from 2022 to 2027 due to rising demand for decentralized cloud computing to reduce latency.
Lack of standardization and performance inconsistency of fog computing solutions is a major challenge restricting market growth.
Software segment expected to contribute significantly to market growth due to enterprise data privacy concerns among edge analytics providers.
North America estimated to contribute 50% to market growth with US, Canada as key countries.
Key players include ADLINK Technology, Aikaan Labs, Amazon, Arm, AT&T, Atos, Cisco Systems, Crosser Technologies, Dell Technologies, and others.

prnewswire.com

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