Internet of Things shows a strong growth is a federal market and also impact significantly the cloud market. A report mentioned that the spending in the IoT market has gone up by 20 percent in 2015 since 2011. As the spending on IoT can’t be captured easily as it is a general term, the report mentioned technology areas, cyber security, infrastructure, and software.
Internet of Things depends on backend development tools and cloud storage such as infrastructure as a service. The federal government spent $3.6 billion between 2011 and 2015 on IaaS. The Platform as a Service (PaaS) is budding with agencies adopt IoT solutions in the federal market. Because of it flexibility regarding architecture and the ability to support the development of event-driven data application targeted towards structured data. SaaS (Software as a Service) will also be impacted by Internet of Things as well.
Decision making will be improved with the conventional SaaS applications displaying chronological data and allowing users to interact with that data. Using real-time data IoT topples this model to improve decision-making.
The cloud migration and support sector of the cloud market were been led by IBM from 2011 to 2015 with a revenue of $1.1 billion. Over the same period, Carahsoft captured the most revenue with $625.9 million in the PaaS sector. DLT led SaaS with $426.9 million.