Fog Networking Market Insights Video

According to Cognitive Market Research, the global fog networking market size was USD 1958.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 15.2% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 783.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.4% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 587.46 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 450.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.2% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 97.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.6% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 39.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.9% from 2024 to 2031.
• The hardware held the highest fog networking market revenue share in 2024.