The IoT Industry And The Cloud Computing Industry Are Some Of The Fastest Growing Industries Of The World At The Moment

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Technology effortlessly makes our life simpler. In this cut-throat competitive world, technology provides the edge to stand out and secure the top place. Technology has the potential to reshape any industry and modify it for the better. Every other day, new innovations are introduced in the market. Among the newcomers, some are quickly and widely accepted by the audience, whereas some take time. CRM is taking businesses to new levels. If you want to integrate this technology into your business you can get in touch with a custom software development company.

Currently, IoT and cloud computing are trending buzzwords. These next-gen technologies have taken the industry to a whole new level. These technologies have an immense potential to bring about a change in the industry. Know more about IoT and Cloud computing below:

What Is IoT?

IoT stands for the Internet of Things. IoT basically means the integration of physical devices with the internet. It includes connectivity that leads to smart sensors and smart devices. IoT is being widely accepted in most industries such as healthcare, agriculture, manufacturing, and more. CRM development services providers can help you to get a customized solution.

An Insight Into The Statistics Of The Usage And The Market Of Internet Of Things

The global IoT market size stood at USD 250.72 billion in 2019 and is projected to reach USD 1,463.19 billion by 2027, exhibiting a CAGR of 24.9% during the forecast period.
There are 127 new IoT devices that are connecting to the internet every second. By 2020, the number of IoT devices in houses will rise to 12.86 billion. Are you thinking of introducing CRM in your business? If yes, then it is a great idea and you can take the help of CRM development services for the same.

The Uses Of IoT

Digital Transformation: IoT helps in upgrading the ongoing process by providing robust digital solutions. For example in agriculture, precision farming is gaining popularity. In precision farming, IoT helps farmers to access data and improve farm efficiency. IoT has helped to convert traditional irrigation management, storage monitoring, and crop observation into smart solutions. Are you thinking to go for a customized solution? A custom software development company has been helping businesses to grow by providing customized solutions.

Smart Cities, Homes, And Cars: IoT has surpassed the limitation of phones and the internet and has raised the bars. Smart surveillance, automatic transport, and smart energy management will be the key components of IoT-driven smart cities. Connected cars will help to optimize the operation and the maintenance with the help of the internet.

What Is Cloud Computing?

Cloud computing is the new technology that electronically stores data and enables access to data anywhere and anytime, provided internet connection should be there. You just need your login credentials and you can do your work or monitor it. Cloud-integrated solutions are providing multiple services with the help of the internet.

Two widely accepted Cloud computing services currently are Microsoft Azure and Amazon’s AWS. Cloud computing helps to store and organize large chunks of data in a place. Apart from these other prominent players are Google Cloud, IBM Cloud, and Alibaba Cloud.

Statistics Of Cloud Computing

90% of companies use some type of Cloud service. 77% of enterprises have at least one application or a portion of it in the Cloud. 60% of organizations use Cloud technology to store confidential data. The hosting, storage, and computing Cloud service market is estimated to be worth $163 billion by 2021.

The Uses Of Cloud Computing

Paperless Solution: As a company grows, paperwork also increases. It becomes tedious to organize huge data. Cloud integrated solutions have completely changed the working. Now, you do not have to store data on a hard disk or any physical device or paper and carry it with you. You can access the data on any device without any interruption or limitation. Cloud computing has simplified the process.

Increased Security: With the increasing use of the internet, cyber threats have also increased simultaneously. Nowadays it is quite easy for intruders to sneak in to steal data. Though a lot of data is stored in a single place, the technology that is used in Cloud computing services helps to keep all the data safe and secure and reduces the chances of cyberattacks.

Final Note
Cloud computing as well as the Internet of Things is continuously expanding with no signs of slowing down. IoT has smartly helped different industries to reduce workload and automate tasks. Cloud computing services help to store, manage, and process large chunks of data effectively and efficiently. Statistics show that these technologies are meant for $100 billion worth of industries that are yet to reach their peak.

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Cisin
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Amit Agrawal Founder and COO at Cyber Infrastructure (P) Limited which is an custom software development company provides services such as custom application development, mobile application development.

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