According to a market study conducted through the US company Grand View Research, the global market length for the next-generation knowledge garage is expected to grow at a compound annual expansion rate (CAGR) of 12.5% from 2019 to 2025. Growth is driven by building global IoT penetration into industries and industries, where there is a massive desire to buy multiple knowledge bureaucracies.
Research also indicates that market participants are recently focusing on building scalable, convenient, and flexible cloud platforms to meet the desires of these diverse companies and industries in today’s virtual age of conversion.