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The IoT Cloud Platform market is projected to reach several billion dollars in the coming years, with a strong compound annual growth rate (CAGR). This market involves cloud-based platforms that facilitate the development, deployment, and management of IoT applications and services, providing the necessary infrastructure, tools, and services to connect, monitor, and manage IoT devices and data. The COVID-19 pandemic has also had a positive impact on this market, as businesses shift to online mode and create a demand for secure and efficient data management on the cloud.