There are some existing IoT Market’s Pain Point which need to be solved. Processing Problems of a Large amount of Data in a Centralized Architecture: as IoT services start, the number of thing connected to the network is rapidly increasing. The increased number of thing incurs an increase in data traffic. In particular, with the advent of the concept of Wearable and Connected Car, data traffic is expected to surge in infotainment area (Information + Entertainment).
And btw most companies manage IoT devices by renting computing resources from cloud service providers. The existing cloud system is inefficient to process a large amount of data in the IoT environment as the centralized server processes all the data causing the lowering of the speed and quality of the entire IoT services.