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Fog Computing Market size is set to grow by USD 4.08 billion from 2024-2028, Exponential increase of iot due to rise in communication between verticals boost the market, Technavio

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NEW YORK, Aug. 12, 2024 /PRNewswire/ — The global fog computing market size is estimated to grow by USD 4.08 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 70.51%  during the forecast period. Exponential increase of iot due to rise in communication between verticals is driving market growth, with a trend towards deployment of industry 4.0 infrastructur.  However, competition from low-cost centralized and general-purpose computing infrastructure  poses a challenge. Key market players include ADLINK Technology Inc., Aikaan Labs, Amazon.com Inc., Arm Ltd., AT and T Inc., Atos SE, Cisco Systems Inc., Crosser Technologies, Dawn Acquisitions LLC, Dell Technologies Inc., General Electric Co., Hitachi Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., Schneider Electric SE, Telefonaktiebolaget LM Ericsson, Terawe Corp., Thoughtworks Holding Inc, and Toshiba Corp..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Fog Computing Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 70.51%

Market growth 2024-2028

USD 4080.2 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

52.53

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 49%

Key countries

US, Germany, China, UK, and Canada

Key companies profiled

ADLINK Technology Inc., Aikaan Labs, Amazon.com Inc., Arm Ltd., AT and T Inc., Atos SE, Cisco Systems Inc., Crosser Technologies, Dawn Acquisitions LLC, Dell Technologies Inc., General Electric Co., Hitachi Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., Schneider Electric SE, Telefonaktiebolaget LM Ericsson, Terawe Corp., Thoughtworks Holding Inc, and Toshiba Corp.

Market Driver

Industry 4.0, the latest industrial revolution, integrates connected automation systems and technologies such as cyber-physical systems, IoT devices, cloud computing, and cognitive computing. These technologies enable large-scale automation in factories, relying on principles like machine interconnection, big data collection, technical assistance, and decentralization. With the increasing adoption of Industry 4.0, the demand for real-time data analysis in manufacturing environments is surging. Fog computing plays a crucial role in processing and implementing data from IoT sensors, actuators, and communication tools in the immediate manufacturing environment. Consequently, the global fog computing market is poised for significant growth as Industry 4.0 practices gain traction. 

Fog computing, also known as edge computing, is a trending technology that brings real-time computing closer to the source of data generation. With the increasing amount of personal information being generated on the internet, network operators are turning to fog computing to reduce internet traffic and improve connectivity. The OpenFog Consortium, a leading industry group, is driving the adoption of fog computing through standardization. Embedded computing design companies, connectivity hardware providers, system integrators, cloud providers, and colocation providers are key players in the fog computing market. Real-time applications in sectors like transportation and logistics, power industry, hydrocarbons, and healthcare are benefiting from fog computing. Smart sensors, edge devices, and the fog computing layer form the foundation of this technology. Fog computing platforms offer customized application software, while controller servers and fog software manage data security. The transportation sector, including transportation systems for aviation, railways, roadways, maritime transport, and self-driving cars, is a major user of fog computing. Applications include monitoring engine idle time, emissions, fuel conservation, and cyber threats. Wearables, cameras, and industrial automation are other areas that can benefit from fog computing. With the advent of 5G networks, augmented reality, and driverless cars, the market for fog computing is expected to grow significantly. 

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Market Challenges

Fog computing refers to extending centralized computing infrastructure to the edge of the network, providing processing capabilities as a service to devices and applications in real-time. While this can reduce latency and improve efficiency, it faces competition from low-cost cloud computing services, which are widely available on a pay-as-you-go basis. The competitive marketplace offers various pricing and volume options, making it challenging for fog computing to gain significant market share. Setting up fog computing infrastructure requires additional capital spending, network infrastructure, and skilled labor, shifting focus from applications to infrastructure management. Additionally, achieving a minimum service level agreement in a fog computing environment can be difficult due to the decentralized nature of the infrastructure. Furthermore, network nodes such as access points, base stations, routers, switches, and gateways can be utilized for fog computing operations, increasing competition from low-cost centralized and general-purpose computing infrastructure.The Fog Computing market is experiencing significant growth as businesses seek to address the challenges of smart home storage, high-speed data analytics, and decentralized computing in various sectors like cloud, machine learning, artificial intelligence, smart home, connected vehicles, smart energy, smart manufacturing, connected health, securities and emergencies, and more. Fog Computing provides real-time analysis in a fog environment, reducing the need for constant data transfer to the cloud. However, it presents new challenges such as cyberattacks, hardware requirements, and network bandwidth. Fog Computing solutions include routers, switches, sensors, gateways, and microdata centers. The Open Fog Consortium is driving the development of hybrid IT infrastructures, including fog nodes, IP video cameras, and ERP models, to address the needs of Industry 4.0. Policy controls, procedures, physical security measures, authentication, IP address, energy efficiency, network privacy, and wireless connectivity are crucial considerations for implementing fog computing solutions.

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Segment Overview 

This fog computing market report extensively covers market segmentation by  

Component 1.1 Software1.2 HardwareApplication 2.1 Utilities2.2 Healthcare2.3 Transportation2.4 Industrial2.5 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Software-  The Fog Computing market is growing as businesses seek to reduce latency and bandwidth usage by processing data closer to the source. Fog Computing, also known as Edge Computing, allows for real-time analysis and decision making. Companies in manufacturing, healthcare, and transportation are adopting Fog Computing to improve efficiency and enhance customer experience. This decentralized computing infrastructure brings data processing power to the edge, enabling faster response times and reducing reliance on cloud resources.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The Global Healthcare Cloud Computing Market is experiencing rapid growth, driven by the increasing adoption of telemedicine, electronic health records (EHRs), and big data analytics in healthcare. This market is expected to expand significantly due to the need for scalable, cost-effective solutions that enhance patient care and streamline operations. Similarly, the Global Edge Computing Market is on the rise, fueled by the demand for real-time data processing in sectors like healthcare, manufacturing, and IoT. Both markets are pivotal in driving innovation and efficiency across industries.

Research Analysis

Fog Computing Market: A New Era of Real-time Data Processing and Connectivity Fog Computing, also known as Edge Computing, is revolutionizing the way data is processed and analyzed in our increasingly connected world. By bringing computing power closer to the source of data generation, Fog Computing enables real-time interactions and reduces latency for smart devices, smart grids, smart buildings, smart cities, automotive networks, and more. Fog Computing leverages 5G technology and Software-Defined Networks to facilitate connectivity for an expanding array of connected devices, including smartphones, tablets, wearables, cameras, sensors, and edge devices.

Market Research Overview

Fog Computing Market: A New Frontier in Real-time Data Processing Fog Computing, also known as Edge Computing or Extended Cloud, is a decentralized computing infrastructure that brings data processing closer to the source of data generation. This architecture is becoming increasingly important in our interconnected world, where smart devices, smart grids, smart buildings, smart cities, automotive networks, and connected devices require real-time interactions and high-speed data analytics. Fog Computing relies on a network of fog nodes, including routers, switches, sensors, gateways, and microdata centers, that act as intermediaries between edge devices and the cloud.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ComponentSoftwareHardwareApplicationUtilitiesHealthcareTransportationIndustrialOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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American Doctors Return From Medical Mission In Conflict-Affected Syria

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Doctors treated life-threatening conditions, provided specialized care, and delivered critical training to local healthcare providers.

WASHINGTON, Sept. 23, 2024 /PRNewswire/ — Today, 24 Syrian American Medical Society (SAMS) volunteer doctors from the United States returned from a week-long medical mission to northwest Syria, where they provided life-saving medical care and specialized training to local healthcare providers. From September 15-20, 2024, the volunteer physicians conducted a wide range of medical interventions, including complex cardiac procedures, oncological and retina surgeries, pediatrics subspecialty clinics and intensive care consultations, impacting thousands of lives in a region devastated by conflict and last year’s disastrous earthquake.

SAMS Member and group leader of the mission, Dr. Bassel Atassi, an oncologist of Chicago, who completed the week-long mission in northwest Syria, shared, “During our mission, we carried out 277 surgeries and provided 1,367 consultations. Our focus was not only on treating patients but also on training local doctors in pathology, cardiology, and oncology and other essential practices to help them treat and local refugees. The knowledge transfer was crucial in ensuring that the impact of our work extends far beyond our time on the ground”

“This mission represents the unwavering commitment of our volunteers to provide life-saving care in some of the most challenging conditions imaginable,” said SAMS’ President Dr. Mufaddal Hamadeh. “We are proud of the medical impact made and the meaningful training and collaboration with local healthcare providers that will continue to benefit the region long after our departure. The resilience and courage of the people we serve inspire us to continue our vital work in Syria and beyond.”

The mission included a diverse array of medical services and training initiatives aimed at bolstering local healthcare capacity. Highlights included:

Pediatric and Adult Cardiology: Conducting echocardiograms, pacemaker implants, and catheter-based interventions for pediatric patients and performing adult cardiac surgeries, including coronary artery bypass grafting and valve surgeries.Oncology: Performing major surgeries in urological, gastrointestinal, and gynecological oncology while providing oncological consultations and training at SAMS-supported oncology centers.Specialized Consultations and Procedures: Retinal specialists performed vitrectomies and laser procedures, while intensive care specialists led ICU rounds and critical care consultations.Training and Education: The mission delivered hands-on training, crash courses, and a 2-day Pediatric Scientific Conference, focusing on pediatric specialties, benefiting over 200 general pediatricians in northwest Syria.

Syrians and refugees are still recovering from the earthquake that struck the border area in February 2023, but life is improving thanks to the work of SAMS and its countless volunteers and 2,400 staff in the region—nearly half of whom were displaced by the disaster.

For more information, contact:
Blaine Heck / 201-314-9506 / 383715@email4pr.com

About SAMS:
SAMS is a nonprofit, non-political organization that works on the front lines of crisis relief, providing medical and humanitarian assistance to the most vulnerable in Syria, its neighboring countries, and beyond. Last year, SAMS provided lifesaving medical services to 3.6 million people. For more information about SAMS, go to www.sams-usa.net.

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SOURCE Syrian American Medical Society

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Pyka Secures $40M Series B to Advance Commercialization of Dual-use Autonomous Electric Aircraft

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Funding will accelerate Pyka’s growth and further scale production of its autonomous aircraft for agriculture, defense, and commercial logistics.

ALAMEDA, Calif., Sept. 23, 2024 /PRNewswire/ — Pyka, an electric aviation technology leader that designs and manufactures large-scale autonomous electric aircraft, today announced a $40M Series B raise. The funding round was led by Obvious Ventures, with participation from both new and existing investors, including Piva Capital, Prelude Ventures, Metaplanet Holdings, and Y Combinator.

Pyka is rapidly commercializing autonomous electric aircraft by applying its technology to many of the world’s most critical flight missions, including agricultural crop protection, commercial cargo transportation, and defense logistics.

“This accomplishment is a significant milestone for Pyka,” said Michael Norcia, Co-Founder and Chief Executive Officer at Pyka. “We are designing, developing, and commercializing autonomous electric aircraft at a pace that few companies have been able to achieve. With commercial production well underway, and our aircraft deployed with customers on multiple continents, we are extremely proud of the progress we’ve made as a company thus far. This round of funding brings us one step closer to unlocking autonomous electric flight for society.”

The company currently produces the largest commercially-approved uncrewed aircraft system (UAS) in the United States and maintains active commercial operations across the U.S., Central America, and Brazil. Pyka’s portfolio of customers includes key players in the agriculture, commercial cargo, and defense logistics value chains, such as Dole, Embraer, Sierra Nevada Company, Heinen Brothers Agra Services, and Skyports Drone Services. In early 2024, Pyka delivered three aircraft to the United States Air Force as part of the Agility Prime program.

The new investment will accelerate Pyka’s growth across its dual-use product line. On the commercial side, it will support further investment in Pyka’s domestic manufacturing capabilities, boost production of its Pelican Spray and Pelican Cargo products, and enable expanded operations with both U.S. and international customers. Additionally, the Series B funds will advance the development of new capabilities to support contested logistics operations for the U.S. Department of Defense and allied partners.

“From the beginning, Pyka was focused on getting into the air and getting into business with commercial operations. Their cost-effective mindset and discipline caught our attention,” said Andrew Beebe, Managing Director at Obvious Ventures. “And what got us really excited was the passion of the team and their mission-driven focus on electrifying aviation and decarbonizing one of the worst offenders in the world.”

Pyka’s family of products includes Pelican Spray, a 1,320-lb, fully autonomous, and 100% electric aircraft designed for complex agricultural operations. The aircraft combines best-in-class spray precision and chemical drift reduction technologies to provide safe, clean, and cost-effective crop protection at scale. Pelican Spray is the largest FAA-approved UAS for agricultural operations and the most productive spray UAS on the Market.

Additionally, Pyka produces Pelican Cargo, the world’s first large-scale autonomous electric cargo aircraft capable of heavy-payload, long-range, and off-airport operation. The 100% electric aircraft can transport up to 400 lbs over a range of 200 miles. Pyka has partnered with Sierra Nevada Company to introduce RUMRUNNER, a modified edition of Pelican Cargo, to customers within the U.S. Department of Defense for sustainment in contested logistics operations.

All of Pyka’s products incorporate its proprietary autonomous flight engine and all-electric propulsion system to enable operations in the world’s most complex environments without putting human operators in harm’s way, at unprecedented cost savings to customers.

About Pyka:

Pyka is defining the future of safe, environmentally-friendly, and cost-effective aviation with autonomous electric airplanes for crop protection and cargo delivery. Pyka’s proprietary technology includes autonomous flight control software, flight computers, high energy density batteries, advanced electric propulsion systems, and carbon composite airframes. Learn more at www.flypyka.com.

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SOURCE Pyka

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#PlumeStrong Cycling Challenge 2024 Surpasses Goal by Raising over €610.000 for Street Child to Develop Secondary Schools in Sierra Leone

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PALO ALTO, Calif., Sept. 23, 2024 /CNW/ — Plume completed its fourth annual #PlumeStrong Cycling Challenge (#PSCC24) – a 5-stage 824 km route from Zurich, Switzerland to Venice, Italy that took place from September 2-6, 2024. The #PSCC is a fundraiser to benefit #PlumeStrong, Plume’s social impact initiative with a mission to empower communities worldwide through meaningful initiatives that promote health, education, equality, efficiency, sustainability, technological innovation, and security. #PlumeStrong envisions a world where more individuals, particularly children, have access to education, resources, and opportunities.

During the five-day ride through the iconic mountain passes of Switzerland and Italy, Plume employees and corporate partners were joined by #PlumeStrong Ambassadors Tadej Pogačar, a three-time Tour de France winner, Urška Žigart, a Slovenian professional racing cyclist, currently riding for the Liv AlUla Jayco WorldTeam, Scott Ogden, English Grand Prix motorcycle racer currently competing in the 2024 Moto3 World Championship for MLav Racing, and Marko Baloh, Guinness & WUCA World Record Holder and elite ultra-cyclist and coach. 

Together, #PSCC24 and its supporters raised over €610,000 surpassing the initiative’s original target of €550,000. Recently, #PlumeStrong and its charity partner Street Child announced that the money raised during the #PSCC24 will be used to benefit Street Child’s work in Sierra Leone. The initial goal was to develop 15 rural secondary schools, providing quality education to over 1,500 children annually, teacher training, and the establishment of a community agriculture project to help sustain the school. Due to the excess funds already raised, #PlumeStrong and Street Child are now expanding the project to develop an additional 5 schools bringing the total number to 20.

Fahri Diner

“I am so proud of what the #PlumeStrong team achieved, said Fahri Diner, Founder and CEO of Plume. “We set a goal for this year’s ride and once again exceeded it. The #PlumeStrong Cycling Challenge 2024 (#PSCC24) was indeed a serious ‘challenge’ and not just a social ride – everyone who participated should feel an incredible sense of accomplishment. And more importantly, it was a successful fundraiser to help Street Child to provide additional educational opportunities for children. As is cycling, this was a beautifully orchestrated team effort, and we are so grateful for the commitment of our people, sponsors, partners, support teams and everyone who donated to the #PSCC24. On behalf of all of us at Plume, a big THANK YOU to all.”

Lucinda Dannatt

“We are thrilled by the success of the #PlumeStrong Cycling Challenge 2024, which has exceeded the initial fundraising goal, said Lucinda Dannatt, Director, Policy & Development and Co-Founder at Street Child. “Thanks to the incredible dedication of #PlumeStrong and its supporters, Street Child can now develop an additional 5 secondary schools, bringing the total to 20 schools and ensuring that at least 2,000 children in Sierra Leone will have the opportunity to receive a quality education. A huge thank you to everyone who braved the 800 km of mountain passes or supported us through donations and sponsorships. Your commitment has made this remarkable achievement possible.”

Tadej Pogačar

“Participating in the #PlumeStrong challenge is a point of pride in my life, and I am thrilled to have ridden again with #PlumeStrong,” said Tadej Pogačar. “I recognize the importance of giving back to those in need and this cycling challenge is one of my favorite ways to do so. The money being raised today will impact those in Sierra Leone and beyond, and I’m honored to be part of this great effort.”

Urška Žigart

“It’s a privilege to be a part of this incredible community of individuals all focused on providing opportunities to communities around the world,” said Urška Žigart. “Becoming a #PlumeStrong Ambassador is a milestone for me, made sweeter by the fact that we’re building a bridge to the cycling world. I look forward to participating in these challenges for years to come.”

Watch the #PSCC24 recap video here: https://www.youtube.com/watch?v=N2mPn2VA_nI 

Media queries:
Plume: corporatecomms@plume.com
Street Child: ben.weich@street-child.org 

About Plume
Plume is the creator of the world’s first SaaS experience platform for communications service providers (CSPs) and their subscribers, deployed in more than 60 million locations globally. As the only open and hardware-independent, cloud-controlled solution, Plume enables the rapid delivery of new services for smart homes, small businesses and beyond, at massive scale. On the front end, Plume delivers self-optimizing, adaptive WiFi, cybersecurity, access, parental controls and more. CSPs get robust data- and AI-driven back-end applications for unprecedented visibility, insights, support, operations and marketing. Plume leverages OpenSync®, an open-source framework that comes pre-integrated and supported on the leading silicon, CPE and platform SDKs.

Visit plume.com, plume.com/homepass, plume.com/workpass, plume.com/uprise, and opensync.io.

Follow Plume on LinkedIn and Instagram

© 2024 Plume Design, Inc. All rights reserved. Adaptive, Advanced loT Protection, Concierge, Flow, Harvest, Haystack, HomePass, OpenSync, Plume, Plume Adaptive WiFi, Plume IQ, Powered by Plume, Signal, SuperPod, WorkPass, Work From Here, WorldPass, and the Plume and OpenSync Logos, among others, are trademarks or registered trademarks of Plume Design, Inc. See trademark guidelines.

About Street Child
Street Child is one of the world’s fastest-growing international children’s charities, established in 2008. Street Child works to ensure children are safe, in school and learning even, and especially, in low resource environments and emergencies. The charity works with an expanding network of local organisations and a focus on the power and purpose of inspirational local level organisations sits at the heart of all they do – and has done so since the first partnership in Sierra Leone in 2008.

Today Street Child works in over 25 countries across sub-Saharan Africa, Asia, Europe and the Middle East.  

Learn more

Follow Street Child on LinkedIn and X

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SOURCE Plume Design, Inc.

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