Fog Computing Market Records a CAGR of 58 53% during 2021-2025| Analysis of COVID-19 prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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Global Fog Computing Market to Reach $868.7 Million by 2027
Amid the COVID-19 crisis, the global market for Fog Computing estimated at US$52.1 Million in the year 2020, is projected to reach a revised size of US$868.7 Million by 2027, growing at aCAGR of 49.5% over the period 2020-2027.
Hardware, one of the segments analyzed in the report, is projected to record 45.3% CAGR and reach US$284.7 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 51.9% CAGR for the next 7-year period.