Increase in adoption of smart devices to facilitate smart grids, smart cities, smart buildings, vehicle networks, and software-defined networks across the globe is expected to drive the growth of the Fog Computing Market. Rise in IoT connectivity, machine to machine communication technology, and rise in demand for connected devices among end users are expected to boost the growth of the fog computing market.
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Rise in use of fog computing solutions to support the development of connected cars has been witnessed in past few years. Connected cars display a rich set of interactions and connectivity from cars to cars, cars to access points, and access points to access points. Fog computing allows various features that make it an ideal platform for delivering a wide range of smart connected vehicles (SCV), services in traffic support, safety, mobility & location awareness, heterogeneity, real-time interactions, and low latency.
Real-time processing in AI is advancement of virtual reality in which most of the information recovery and processing is forwarded to related devices, such as associated phones, smart home storage, and cloud. Fog architecture help these devices with intelligent location hierarchy to locate and analyze data.
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By geography, it is analyzed across North America, Europe, Asia-Pacific, Latin America ,the middle East and Africa. Key players profiled in the report include Cisco Systems, Inc., Microsoft Corporation, ARM Holding Plc., Dell Inc., Intel Corporation, Fujitsu, GE Digital, Nebbilo Technologies, Schneider Electric Software, LLC, Toshiba Corporation.
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COVID-19 scenario Analysis:
- After the outbreak of corona virus, almost every sector across the globe has moved toward digitization, automation, and people have started working from home, owing to which companies migrated their work load to cloud to ensure that businesses function as usual. Hence, the organizations is now expected to spend more on IT infrastructure for business applications and customer support services globally to work efficiently post covid-19 period.
- In the coming years, digitization, cloud computing, machine learning, and artificial intelligence are expected to dominate the technology space and investors are planning for long term investment plans in this sector.
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