VIDEO: Amazon launches platform to build apps for 'Internet of Things'

Amazon.com Inc’s cloud business, Amazon Web Services, has launched a service to help customers build applications to connect devices through the cloud, the so-called "Internet of Things".

The service, called ’AWS IoT’, will allow factory floors, vehicles, health care systems, household appliances among other things to connect through cloud services, the company said.

The global market for ’Internet of Things’, the concept of connecting everyday devices to the Internet, will nearly triple to $1.7 trillion by 2020, research firm International Data Corp has estimated.