Connect with us

News

Revenue of machine learning and artificial intelligence services on the Internet of Things in 2026 to reach $ 3.6 billion

Published

on

The next wave of Internet of Things (IoT) analytics will merge completely with the big data field. At the same time, value in the technology stack is shifting beyond hardware and middleware towards analytics and value-added services such as machine learning and artificial intelligence. According to the international consulting firm ABI Research, revenue in the segment of machine learning and artificial intelligence for IoT in the coming years will grow by almost 40% per year and in 2026 will reach 3.6 billion dollars.

The COVID-19 pandemic has prompted many industries to move to “everything remote,” out-of-the-box solutions for remote monitoring, asset management, asset visibility and predictive maintenance are in high demand and are driving the market faster. Vendors simplify access to machine learning and artificial intelligence tools with a variety of deployment options at the edge, on-premises and in the cloud, as well as offering platforms as a service (PaaS) and software as a service (SaaS). Overall, the COVID-19 pandemic has highlighted the importance of rapid deployment solutions such as a hardware-independent SaaS approach.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Latest News

Electric Cars7 mins ago

Tesla Semi Electric Trucks Delayed Until 2022

During the summing up of financial results for the second quarter of 2021, Tesla announced that the production of Tesla...

Phones1 hour ago

IP68, 5G, 48 MP, 4630 mAh and the prospect of upgrading to Android 14. Nokia XR20 rugged smartphone presented

HMD Global has officially unveiled the rugged Nokia XR20 smartphone. The novelty is protected in accordance with the American military...

Software2 hours ago

Android 12 beta 3.1 is out to fix three big Android 12 issues

Despite the fact that Android 12 has already grown to the third beta version, it does not differ at all...

Software2 hours ago

13,200 mAh, NFC, IP69K, 48 MP and Android 11 for $ 300. The unkillable monster of autonomy Ulefone Power Armor 13 began selling

Ulefone announced the start of sales of its new smartphone – Power Armor 13. The peculiarity of this model is...

Electric Cars3 hours ago

Tesla published its report for the second quarter of 2021

Tesla has published a report for the second quarter of 2021. Revenue for the last quarter was $ 11.958 billion....

News3 hours ago

Amazon Denies Message That It Plans To Accept Bitcoin

E-commerce giant Amazon.com has denied media reports that it intends to start accepting payments in Bitcoin before the end of...

News4 hours ago

EU gives Google two months to change search results for hotels and flights

Search giant Google has two months to “improve” the way it presents its search results on the Internet by flight...

News5 hours ago

Intel renames manufacturing processes

Intel has decided to amend the naming of its technical processes in accordance with the advanced technological standards. More precisely,...

Advertisement

Most Popular