IIoT Platform Market Growth and Restrain Factors Analysis Report

The Industrial Internet of Things (IIoT) market is driven by multiple factors. The growing automation demand in industries, an increasing number of intelligent and cost-effective devices and sensors, and the emergence of IPv6 are some of these factors. Further increased demand for integrated monitoring and anticipating assets maintenance, a proliferation of IoT devices, and an increased number of government initiatives in R&D ventures related to IoT are other crucial factors to boost IIoT market. During the COVID-19 pandemic, many verticals from industries such as utilities, healthcare, transportation and logistics, and manufacturing are adopting IoT devices. This boosts the demand for the IIoT platform market.

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Use Cases of IIoT Expanding in Discrete Manufacturing

In healthcare, IIoT is productively used in telemedicine solutions.  For example, remote diagnosis with solutions, remote patient monitoring, connected ambulance, and healthcare workers are some features. Thus, increasing number of COVID-19 cases has boosted prospects in IIoT market for improving healthcare services. The impact on the energy industry has enabled business leaders to consider the replacement of physical intervention of field workers from infrastructure with IIoT platform. The organizations are planning to use the IIoT platform for remote services and control, remote monitoring, alerts, and notifications, and predictive analytics to combat potential failures with the use of historical and real-time data.

IIoT platforms combine various machines, sensors, devices, routers, gateways, edge computing systems, and controllers at a centralized system to streamline company proceedings and operational efficiency. The products in IIoT platform market are adopted to ensure the security, safety, and criticality of industrial assets. Apart from this, platforms also analyze data in the cloud and at the IoT edge. Furthermore, IIoT platform provides solutions to support verticals of the discrete industry with workforce tracking, predictive management, and logistics and supply chain management. The discrete industries manufacture automobiles, toys, furniture, airplanes, and smartphones.

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IT professionals are required for the deployment and management of the IIoT platform. Many IoT devices are added to the networks that make the management tasks more complex for IT professionals. Providing regular training to these professionals will help in the growth of the IIoT platform market. 

Cloud Professional Service Market – An Industry Proliferating amidst the Pandemic

The cloud professional service market is expected to experience significant growth as many organizations are migrating their IT load to the cloud. Increased offerings from these service providers, adaptation to a complex environment, increased digitalization, and paradigm shift to cloud due to COVID-19 are some vital factors boosting the cloud professional service market. These cloud vendors are also extending their services by implementing new technologies like artificial intelligence (AI) and machine learning (ML). Further, these new technologies are integrated into cloud platforms for the creation of a client ecosystem. The cloud professional service market is expanding as there are various cloud-based services for different sizes of enterprises. The healthcare industry uses cloud services for the maintenance of patients’ records. It ensures an optimum solution to patients’ healthcare. Apart from the healthcare industry, it is also used in public sectors, telecommunications, and financial services.

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Cloud Professional Service Market – Benefits, Constraints, Challenges, and Opportunities

Reduced cost, increased efficiency, flexibility, advancing market competition, and risk mitigation are the benefits that encourage enterprises to go for the cloud professional services market. To provide a seamless experience to customers, cloud service providers and vendors are making partnerships.

A number of industry-specific regulations, requirements, and standards are also coming to the surface. . The compliance cost and other concerns may limit the number of customers as well as solutions. It can result in reduced overall demand in the cloud professional service market. Data migration to the cloud is a tricky task because of the growing complexity in the cloud environment. If this process does not proceed as desired, it can cause growth and monetary as well as non-monetary damages to organizations. So this complexity is a key challenge in this market.

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One more driving factor for the cloud professional service market is the expansion of the service-oriented economy. Increased awareness toward cloud professional services can bring opportunities for players operating in this market.

Network as a Service Market – Know the prominent factors that will help in reshaping the market growth

Cloud service providers (CSPs) have been fervently pursuing revenue streams in network as a service (NaaS). The initial drive had stemmed from the growing popularity of cloud services and rise in use cases of cloud computing for enterprise as well as commercial applications. Worldwide, NaaS has entrenched itself in the broadening prospects of category of X as a service (XaaS). Rise in uptake of hybrid cloud services is a key trend spurring the growth of the network as a service (NaaS) market.

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Software-Defined WAN (SD-WAN) Gathering Traction

A massive push to demand in the network as a service (NaaS) market has come from the rising traction of software-defined WAN (SD-WAN). The growing role of NaaS in augmenting business productivity and agility with the focus of high user experience is a related trend. End users in the NaaS market have been appreciating the gains of reduced cost of IT. Further, the use of SD-WAN models has enabled end users of cloud services gain a high degree of application performance, particularly higher application quality of experience (QoEX). End users are offered a plenty of options in corporate data centers. All these gains contribute to new avenues in the NaaS market.

Advancements in virtualization technology are key to bolstering the prospects in the NaaS market. Several benefits of NaaS drive the demand. One of the key gains from the shift from CAPEX to OPEX. Other common benefits NaaS providers offer are scalability, bundled security, and flexibility. However, flexibility to adopt services from multi-vendor networks is easier said than done. To counter this and to circumvent the challenges, NaaS providers are looking to aim toward standardization of offering.

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A growing number of organizations notably new entrants to the NaaS market are targeting niche segments to gain a strong foothold. Further, some players are targeting mobile virtual network operator (MVNO) framework in emerging economies.

Platform as a Service (PaaS) Market | Key Players Business Strategies Study Analysis

PaaS, or Platform-as-a-Service, is a distributed computing model that gives clients a total stage—equipment, programming, and framework—for creating, running, and overseeing applications without the expense, intricacy, and resoluteness of building and keeping up with that stage on-premises. In a PaaS stage, an outsider supplier offers equipment and programming instruments, typically those needed for application advancement to clients through the web. The PaaS stage is of a few kinds, including private cloud, public cloud, and crossover cloud.

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PaaS is a distributed computing model that gives a stage to the clients to create, run and oversee applications over the web. Income in the market is produced by the organizations via memberships and licenses from web/programming designers or other business families. PaaS being an online stage faces dangers and security dangers that may go about as a restriction to the market. Organizations in the business consider security viewpoints like security, access control, and administration progression, to ensure both the specialist co-op and the client.

Factors driving the development of the worldwide PaaS market incorporate the developing selection of distributed computing and the expanding appropriation of PaaS in the application improvement measure inferable from its dexterity, versatility, and the restricted requirement for mastery, simple sending, and lesser expense and advancement time. Expanding interest in PaaS by cloud uber merchants, for example, Microsoft, AWS, and Google are further accelerating the growth of this market.

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The expanding cloud foundation use by significant organizations is further speeding up the development of the market. Besides, the development of video correspondence PaaS is additionally driving the development of the market. Video correspondence PaaS is acquiring ubiquity in different areas like business, media, schooling, and medical care, which further fills the development of the market. Be that as it may, security concerns and the absence of mindfulness are hampering the development of the market.