This outbreak of COVID-19 is expected to have a favorable impact on the global IoT in cloud platform market growth in 2020 and is expected to continue its trend in the coming years. During this pandemic period, there are strong signs that several technologies will witness an increased adopting rate in the recent months due to people converted digitally minded and they are adopting IoT technologies while work from home. Also, government bodies are using drone which are mounted with IoT cloud systems for public surveillance to monitor red zones and the wearing masks. Moreover, growing implementation of IoT systems in the healthcare sector to manage patient care including the remote monitoring of in-home patients who are self-quarantined and many other patients like chronic conditions and diabetes. These factors are eventually accelerating the market growth in the pandemic time.
Furthermore, some of the significant players are implementing several approaches like new technology introductions, joint ventures and geographical expansions to fortify their position in the overall market. For instance, in March 2020, Cisco Systems, Inc. has collaborated with Bharati Airtel, which is India’s major integrated telecommunication network, to launch India’s first automated Ethernet services over existed fiber network services. This collaboration has been made to build %G network services to provide high speed data services due to increasing demand for higher data speeds in the country by improving network capacity, scale and availability. This factor is estimated to drive the IoT in cloud platform market growth in the forecast years.
This study conducted to help the market players in understanding the impact of COVID-19 on global IoT in cloud platform market. Our report includes:
- Technological Impact
- Social Impact
- Investment Opportunity Analysis
- Pre- & Post-COVID Market Scenario
- Infrastructure Analysis
- Supply Side & Demand Side Impact