IDC forecasts that the worldwide IoT market will grow from $655.8 billion in 2014 to $1.7 trillion in 2020, with a compound annual growth rate of 16.9%. This growth will be dominated by the manufacture of devices, and investment in connectivity and IT services. IDC also predicts purpose-built platforms, application software, and as-a-service offerings will capture a larger percentage of the market by 2020. While the IoT managed services market is estimated to grow from USD 21.85 billion in 2016 to USD 79.60 billion by 2021, at a compound annual growth rate of 29.5% during the period 2016–2021, according to a research by MarketsandMarkets research firm.
Most of us use Gmail, Dropbox, iCloud and Facebook almost every day. We have become accustomed to the idea of storing our personal data in the cloud. As the world of information and data continues to expand, the cloud is expanding right along with it. The cloud's presence is well appreciated and accepted in the highly dynamic, information-heavy, always growing corporate arena.
Virtual Reality, in technical terms, is used to describe a three-dimensional, computer-generated environment which can be explored and interacted with by a person with standard input and through output devices.
Automation is one of the jazziest terms used in the software Industry. If you are working in an IT company you will see that there is a race going on between product owners and managers to implement automation in their projects.
The market today is witnessing the emergence of new type of consumer electronics, sensors and mobile devices that can be connected to the network. Some have the ability to connect to the global network (cellular phones, tablets, etc.,), while some remain constrained to more of a private network that could be residing inside a home.
The moment you switch on a device, the expectation is there is absolutely no lag in display and output. Is this too much to ask for? Not anymore say experts. Many engineering companies, spending their valuable time and resources to develop solutions with shorter bootup time. With IoT being the center of all operations and various devices being operated simultaneously by one person at any given point of time, it becomes all the more imperative that all the devices and thus all the systems boot together and faster.