Home automation application and Healthcare end user segments will grow at a notable rate in the forecast time

Based on application, the global market is classified into home automation, database management, device management, analytics, wearable technology and processing. In these, the IoT in cloud platform market for home automation application will experience a remarkable growth and is estimated to grow at a faster rate throughout the forecast period. Growing trend for smart city and smart homes across the globe to improve home security and increasing disposal income of individuals. These are major favorable factors for rising demand for IoT in cloud platforms in home automation application, which is anticipated to drive the market growth in the coming years.

Based on end user, the global market has been categorized into smart city & home, healthcare, manufacturing, retail & e-commerce, and others. Among these, healthcare end user will witness to grow at a notable rate in the forecast period and is anticipated to produce dominating market share by the end of the forecast years. Growing demand for efficient platform to maintain communication between devices enables in hospitals and clinics to update their customer service, real time patient information and many other application. This factor is predicted to accelerate the growth of the market in the forecast years.