Impact of cloud services to the economic growth

Internet of Things (IoT) and cloud computing has become an intermediate cradle between intelligent objects and applications that make use of the resourcefulness and data provided by these objects. On one side, IoT can get benefit from almost unlimited resource to implement cloud computing management and penning of services related to smart objects and data provision. On the other side, the cloud can benefit IoT by expanding the scope of application operation to address real-time objects. Despite this synergy, the literature lacks a comprehensive and complete overview on what have been investigated and opportunities for the economic development of the common wealth in context to IoT and cloud, especially in the emerging markets (Pakistan). This issue requires further development and in-depth research. The goal of the study is to identify and propose opportunities to fill the gap by systematically investigating the studies available in the literature. To provide an overview of the current state of research on the topic and to obtain a comprehensive overview on the economic developments through IoT and Cloud Computing paradigms and ascertaining opportunities in the existing approaches and recommend research directions.