According to ABI Research, the global edge Artificial Intelligence (AI) Software-as-a-Service (SaaS) and turnkey service market will grow to reach $7.2 billion in 2025. This is 25% of the global edge AI market, which is estimated to be US$28 billion by 2025, comprising of edge AI chipsets, SaaS, and turnkey services, as well as professional services.

Revenues for the European Internet of Things (IoT) market are forecast to increase by 19.8 percent year on year to reach $171 billion in 2019, according to the latest update to the Worldwide Semiannual Internet of Things Spending Guide from International Data Corporation (IDC).