Name a market worth $18 billion in a few years with a 500% growth rate that almost no one knows about. If you guessed Fog Computing then well, that’s because my readers tend to be above-average in their tech knowledge.
For those of you who are new, here is a refresher on what the term represents. It is basically the idea of edge-computing as it relates to IoT devices. Sensors are generating north of 2 exabytes of data and it cannot all be sent to the cloud.
In a similar manner to client-server, there is a partnership between cloud and local devices which allows them both to play to their strengths. In other words, devices at the fog layer can do things like data element analysis and transformation.
Said another way, fog is a system-level horizontal architecture that distributes computing, storage and networking closer to users, and anywhere along the cloud to things continuum.
Defining characteristics of the Fog are: low latency and location awareness; wide-spread geographical distribution; mobility; very large number of nodes, predominant role of wireless access, strong presence of streaming and real time applications, heterogeneity.
Here are some details about the market:
- Key transitions fueling the growth include investments in energy infrastructure modernization, demographic shifts and regulatory mandates in transportation and healthcare.
- Hardware will have the largest percentage of overall fog revenue (51.6%), followed by fog applications (19.9%) and then services (15.7%). By 2022, spend will shift to apps and services, as fog functionality is incorporated into existing hardware.
- Cloud spend is expected to increase 147% to $6.4 billion by 2022.
“Fog computing addresses inherent challenges in IoT deployments that neither cloud nor edge gateways can resolve alone, such as latency, network bandwidth and security,” said Rhonda Dirvin, director of Marketing at Arm, and Board Director at the OpenFog Consortium. “Fog enables advanced use cases, including autonomous vehicles, drones, real-time production control systems, and 5G. While relatively new, fog is not only important for IoT – it’s vital for efficient, scalable IoT solutions.”
Rhonda will present a keynote at IoT Evolution Conference and Expo being held January 22-25, 2018 at Disney’s Contemporary Hotel in Orlando, Florida.
Her keynote will focus on the role of fog computing in IoT and describe how it works with both edge gateways and end devices. She will discuss how fog enables advanced use cases that require ultra-low latency, additional security and high network bandwidth. Fog-enabled IoT use cases across a range of industries will also be highlighted.
IoT Evolution Expo is the leading educational and networking forum for the enterprise looking to understand how to develop and implement IoT solutions that drive measurable results and business transformation. The event will feature a robust exhibit floor, powerful keynotes, case studies, live demos, unique sessions, special events, networking opportunities and much more. Dirvin will deliver her keynote on Wednesday, January 24, 2018 at 9:30 AM.
We hope to see you there!