The initial forecast for the big data analytics market in 2020 expected it to experience a significant shift in dynamics due to the emergence of a new marketplace within the Internet of Things (IoT)— IoT data analytics, which would stimulate uplift in IoT core analytics revenues. The reality of the year is, in fact, different, amid the COVID-19 pandemic that caused the health crisis and global economic decline. ABI Research estimated that the IoT core analytics market would surpass US$7.8 billion in 2020; however, the newly updated forecast has been downgraded by 3% for 2020 to 2022.
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