The next wave of Internet of Things (IoT) analytics development will fully converge with the big data domain. Machine-learning (ML) and artificial intelligence (AI) services are estimated to grow within the IoT domain at a CAGR of nearly 40%, reaching $3.6 billion in 2026. The IoT data analytics market has been less affected by the pandemic than many industries, but many newly emerging cloud-native data-enabled analytics vendors have benefited from COVID-19.
Source: https://www.helpnetsecurity.com/2021/07/23/iot-ml-ai-services/