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IoT Cloud Platforms Market 2018 Global Analysis, Opportunities And Forecast To 2025

December 25, 2018 / marketwatch

An IoT platform means cloud-based and on-premise software packages and related services that enable and support sophisticated IoT services. Speak specifically, An IoT platform combines several software functions into one solution to enable companies to develop and deploy Internet of Things solutions faster, better and cheaper. The major forces driving the IoT market are development of cheaper and smarter sensors, evolution of high-speed networking technologies, and rising adoption of cloud platforms across industry verticals. Furthermore, increasing penetration of connected devices has unleashed the growth potential through predictive maintenance, security, and analytics which is expected to drive the market during the forecast period.