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2019 Cloud and IoT Trends in the Industrial Products Market
As cloud services and solutions evolve, so does consumer demand. Increases are predicted once again for the coming new year, with public cloud platforms growing faster than private cloud applications. The last year helped to set the pace for this development: in the second quarter of 2018, Amazon’s cloud business grew nearly 48.9 percent, generating $6.11 billion in revenue. In July, it was reported that the Google Cloud division as a whole had grown rapidly, with Google CEO Sundar Pichai highlighting several major new customers. IBM also reported in July that cloud revenue—including hardware, software, and services for hybrid, public, and private cloud solutions—had generated $18.5 billion year over year, up 23 percent.
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