The next wave of Internet of Things (IoT) analytics development will fully converge with the Big Data domain. Simultaneously, the value in the technology stack is shifting beyond the hardware and middleware to analytics and value-added services, such as Machine-Learning (ML) and Artificial Intelligence (AI). ML and AI services are estimated to grow within the IoT domain at a CAGR of nearly 40%, reaching US$3.6 billion in 2026.

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