Fog Computing Market By Component (Hardware (Servers, Switches, Routers, Gateways, and Controller) and Software (Customized Application Software and Fog Computing Platform)), By Application (Smart Energy, Building and Home Automation, Smart Manufacturing, Connected Health, Transportation and Logistics, and Security and Emergency System), and By Region- Trends, Analysis and Forecast till 2034

The size of the fog computing market was estimated to be US$209.7 million in 2024 and is projected to grow to US$7037.9 million by 2034, registering a CAGR of 42.10%.

Fog computing, also called fog networking, is an architecture that leverages edge devices to transport large amounts of local communication, storage, and computation. Another method for routing over the internet backbone is fog computing. It is used to reduce the volume of data that needs to be transferred to the cloud for processing, analysis, and storage, as well as to increase the effectiveness of the data. In addition to having many uses in smart cities, smart buildings, smart grids, vehicle networks, and software-defined networks, fog computing increases the potency of data.