The North America Fog Computing Market is expected to witness market growth of 49.5% CAGR during the forecast period (2024-2031).
The US market dominated the North America 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 $2.59 billion by 2031. The Canada market is experiencing a CAGR of 52.3% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 51.4% during 2024-2031.
The fog computing market also benefits from increased data privacy and security focus. The demand for secure data processing and storage solutions is increasing due to the increasing number of concerns regarding data breaches and intrusions, particularly in sectors such as finance, healthcare, and government.
Additionally, by decentralizing data processing, fog computing limits the amount of sensitive data that must be sent to centralized cloud servers, thereby reducing the risk of data breaches. Furthermore, fog nodes can be equipped with security measures such as encryption, intrusion detection, and access control, providing additional protection for sensitive data.
Fog computing is experiencing rapid growth across North America, driven by increasing demand for real-time data processing, low-latency applications, and the surge of IoT devices. The region's technological infrastructure, coupled with government initiatives supporting digital transformation, creates fertile ground for the expansion of fog computing.
North America is home to several smart cities, industrial automation projects, and energy-efficient initiatives, all requiring localized data processing capabilities. The U.S. Smart City Challenge, Canada’s Innovation Supercluster, and Mexico’s PRODESEN are just a few examples of programs integrating fog computing to enable real-time, low-latency data processing across multiple sectors.
The US market dominated the North America 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 $2.59 billion by 2031. The Canada market is experiencing a CAGR of 52.3% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 51.4% during 2024-2031.
The fog computing market also benefits from increased data privacy and security focus. The demand for secure data processing and storage solutions is increasing due to the increasing number of concerns regarding data breaches and intrusions, particularly in sectors such as finance, healthcare, and government.
Additionally, by decentralizing data processing, fog computing limits the amount of sensitive data that must be sent to centralized cloud servers, thereby reducing the risk of data breaches. Furthermore, fog nodes can be equipped with security measures such as encryption, intrusion detection, and access control, providing additional protection for sensitive data.
Fog computing is experiencing rapid growth across North America, driven by increasing demand for real-time data processing, low-latency applications, and the surge of IoT devices. The region's technological infrastructure, coupled with government initiatives supporting digital transformation, creates fertile ground for the expansion of fog computing.
North America is home to several smart cities, industrial automation projects, and energy-efficient initiatives, all requiring localized data processing capabilities. The U.S. Smart City Challenge, Canada’s Innovation Supercluster, and Mexico’s PRODESEN are just a few examples of programs integrating fog computing to enable real-time, low-latency data processing across multiple sectors.
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
- US
- Canada
- Mexico
- Rest of North America
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. North America Fog Computing Market by Component
Chapter 6. North America Fog Computing Market by Application
Chapter 7. North America Fog Computing Market by Country
Chapter 8. Company Profiles
Companies Mentioned
Some of the key companies profiled in this North America 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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