Increasing Use of Cloud Computing Accelerating the IoT Connected Machines

#Discussion(IoTStack) [ via IoTGroup ]

The cloud also offers solutions to implement IoT connected machine service management and applications that can process the data produced. Hence the increasing use of cloud computing is expected to further lead to the growth of the Internet of Things (IoT) connected machines market. According to a new market report pertaining to the global IoT connected machines market published by Transparency Market Research this market is projected to reach a value of ~US$ 1.3 trillion by 2027 expanding at a CAGR of ~24% from 2019 to 2027.

Growth of the IoT connected machines market can be attributed to the high demand for automation in industry verticals. IoT Connected Machines Market – Huge Potential in Healthcare Industry Internet of Things (IoT) has opened up a plethora of opportunities in the healthcare industry. When machines and devices are connected to the Internet they collect valuable information and provide insights about the symptoms that help patients get a comprehensive understanding about their health condition for further treatment. IoT connected machines in healthcare are embedded with health monitors that convey analytics to doctors who can provide appropriate diagnosis to patients. Thus stakeholders are innovating on mobile applications and virtual assistants as they are becoming commonplace for IoT connected machines in the healthcare industry.

IoT Connected Machines Market in Brief The global IoT connected machines market is expected to register a CAGR of ~24% between 2019 and 2027. The global IoT connected machines market is projected to be driven by the adoption of cloud solutions and increasing penetration of Internet of Things (IoT) technology. The global IoT connected machines market is expected to reach ~US$ 1.3 trillion by 2027 from ~ US$ 233 Bn in 2019. North America holds a major share of the IoT connected machines market and is anticipated to dominate the market during the forecast period followed by Europe. North America remains the leading region

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