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How cloud providers are changing the outlook for IoT data and analytics management

March 23, 2020 / David H Deans
SHARESHARESHARE

CIOs and CTOs are exploring new ways to extract insights from their enterprise data assets with analytics tools. While they continue to invest in on-premises solutions, they're also looking to public cloud service providers.As cloud computing providers grow their footprint in the Internet of Things (IoT) value chain, their investments in data and analytics services are accelerating.Based on the review of cloud service provider offerings, recent acquisitions, and the competitive outlook, ABI Research now forecasts that cloud suppliers will grow their share of IoT data and analytics management revenues from $6 billion in 2019 to $56 billion in 2026.