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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.
marcusFebruary 15, 2021
A comprehensive report on
“Global Fog Computing Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2020-2026” was published by MR Accuracy Reports to understand the complete setup of
Fog Computing Market industries. Effective qualitative and quantitative analysis techniques have been used to examine the data accurately. Variable factors that comprise basis for a successful business, such as vendors, sellers, as well as investors are analysed in the report. It focuses on size and framework of global Fog Computing Market sectors to understand the existing structure of several industries. Challenges faced by the industries and approaches adopted by them to overcome those threats has been included. This research report is helpful for both established businesses as well as start-ups in the market. Furthermore, the report is ideally and characteristically punctuated with illustrative presentation. Researchers of this report
Executive Viewpoint : The importance of digital twins and cloud-based services
Hydrocarbon Processing spoke with Andrew McCloskey, Chief Technology Officer and Head of R&D at AVEVA, about how digital twins and cloud-based services are used, their benefits and challenges, security issues, etc., as related to the downstream oil and gas, refining and petrochemicals industries.
Hydrocarbon Processing spoke with Andrew McCloskey, Chief Technology Officer and Head of R&D at AVEVA, about how digital twins and cloud-based services are used, their benefits and challenges, security issues, etc., as related to the downstream oil and gas, refining and petrochemicals industries.
HP: What are digital twins and how is AVEVA using them to facilitate its customers’ digital transformation initiatives?
McCloskey, A.
AVEVA,
Andrew McCloskey is the CTO and Head of R&D for AVEVA. In his role, he is responsible for product development, including execution excellence, built-in quality and security, and fostering innovation across the company’s global R&D efforts. He is a member of AVEVA’s Executive Operating and Strategic Leadership Teams responsible for AVEVA’s Engineering Business P&L, which includes process design, plant engineering and design, shipbuilding, procurement, fabrication, construction and operator/enterprise training. Prior to this, he was Executive R&D Leader for the Schneider Electric Software Business. He joined the group (formerly Invensys Plc.) in 2006 as Head of R&D for the Simulation Products team.