The future of the Internet of Things (IoT) seems bright as the industry shows the signs of heading towards large-scale growth in the coming years. It is estimated that the IoT market will top $1.4 trillion by 2027 (up from $250 billion 3 years ago). As the fight against the COVID-19 pandemic heats up, businesses and governments appear to be turning their focus to IoT as the potential source of help. This technology has shown potential in aiding enforce social distancing, ensuring equipment availability, and automating tasks previously done by humans. With this massive adoption, we are likely to see a sudden surge in IoT use than anticipated before the pandemic. Here are some IoT cloud trends you are likely to see going forward.

The year 2020 was a tough one for many industries, most of which incurred losses caused by lockdowns. However, in between the noises, there appear to be some beneficiaries. Cloud computing, for example, took center stage as the world shifted towards digital. The pandemic might have been the last straw that will see a permanent move to digitization and the sign of the new age of cloud computing occasioned by the work-from-home regime, driving a sudden rise in individual demand.

Many factors influence an organization’s decision to take advantage of cloud provider offerings. The cloud provides enhanced flexibility and extensibility when compared to on-premises data centers. Companies enjoy economic benefits by exhibiting granular control over resource utilization and only paying for what they use. Housing systems in the cloud also make them more easily accessible by the growing population of remote workers. 

In September IBM announced Red Hat Marketplace, a marketplace open to the public where organizations can purchase and deploy hybrid cloud solutions. The software offered is built on the Kubernetes Operator Framework as cloud services on the Red Hat Open Shift platform. This allows for simplicity in trial, purchase and deployment of flexible software solutions. At launch there were already over 50 vendor offerings ready for developers to choose from and these all include business support.