IoT AI services to reach £2.6 billion in revenue by 2026

AI and Machine Learning

Artificial intelligence (AI) and machine learning (ML) services within the IoT sphere are expected to grow by 40% annually, reaching $3.6 billion (£2.6bn) in revenue by 2026.

The latest from global tech advisory firm ABI Research's new report, the findings indicate that the value in the technology stack is shifting beyond hardware and middleware to analytics and value-added services.

In fact, whilst COVID-19 negatively impacted lots of industries, it seems to have...