The Europe Fog Computing Market is expected to witness market growth of 49.8% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Fog Computing Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $571.6 million by 2031, growing at a CAGR of 48.3 % during the forecast period. The UK market is expected to witness a CAGR of 49% during 2024-2031. Additionally, the France market is expected to witness a CAGR of 51% during 2024-2031.
Fog computing is designed to address some of the challenges posed by the growing reliance on cloud computing in an era where connected devices are increasing at an unprecedented rate. Centralized cloud solutions are finding it increasingly challenging to manage the overwhelming volume of data generated, as the global number of IoT devices is anticipated to reach tens of billions in the coming years.
Moreover, cloud computing, while offering vast storage and computational resources, struggles with latency, bandwidth limitations, and the high cost of transmitting massive amounts of data to and from remote data centers.
The demand for fog computing across Europe has been steadily rising, driven by advancements in IoT and the growing need for real-time data processing across various industries. The European Union’s Digital Europe Programme, which aims to boost the EU's digital capacities, has encouraged deploying advanced technologies like fog computing. The region's strong emphasis on data sovereignty and localized processing, in compliance with GDPR, further boosts the relevance of fog computing in Europe.
The Germany market dominated the Europe Fog Computing Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $571.6 million by 2031, growing at a CAGR of 48.3 % during the forecast period. The UK market is expected to witness a CAGR of 49% during 2024-2031. Additionally, the France market is expected to witness a CAGR of 51% during 2024-2031.
Fog computing is designed to address some of the challenges posed by the growing reliance on cloud computing in an era where connected devices are increasing at an unprecedented rate. Centralized cloud solutions are finding it increasingly challenging to manage the overwhelming volume of data generated, as the global number of IoT devices is anticipated to reach tens of billions in the coming years.
Moreover, cloud computing, while offering vast storage and computational resources, struggles with latency, bandwidth limitations, and the high cost of transmitting massive amounts of data to and from remote data centers.
The demand for fog computing across Europe has been steadily rising, driven by advancements in IoT and the growing need for real-time data processing across various industries. The European Union’s Digital Europe Programme, which aims to boost the EU's digital capacities, has encouraged deploying advanced technologies like fog computing. The region's strong emphasis on data sovereignty and localized processing, in compliance with GDPR, further boosts the relevance of fog computing in Europe.
List of Key Companies Profiled
- Cisco Systems, Inc.
- Microsoft Corporation
- Dell Technologies, Inc.
- Intel Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- IBM Corporation
- General Electric Company
- Schneider Electric SE
- Hewlett Packard Enterprise Company
- Oracle Corporation
Market Report Segmentation
By Component
- Software
- Hardware
- Gateways
- Routers and Switches
- IP Video Cameras
- Sensors
- Micro Data Sensors
By Application
- Smart Manufacturing
- Connected Vehicles
- Smart Grids
- Smart Cities
- Connected Healthcare
- Other Applications
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe Fog Computing Market by Component
Chapter 6. Europe Fog Computing Market by Application
Chapter 7. Europe Fog Computing Market by Country
Chapter 8. Company Profiles
Companies Mentioned
Some of the key companies profiled in this Europe Fog Computing market report include:- Cisco Systems, Inc.
- Microsoft Corporation
- Dell Technologies, Inc.
- Intel Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- IBM Corporation
- General Electric Company
- Schneider Electric SE
- Hewlett Packard Enterprise Company
- Oracle Corporation
Methodology
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