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Saudi Arabia Internet-of-Things Market Forecast, 2021–2026

Publisher IDC
Published Aug 23, 2022
Length 21 Pages
SKU # IDC17366519

Description

Saudi Arabia Internet-of-Things Market Forecast, 2021–2026

This IDC Market Forecast provides an update on IDC’s IoT market outlook and five-year forecast for Saudi Arabia, based on the Worldwide Internet of Things Spending Guide (May 2022). In this study, IDC focuses on the major drivers and inhibitors of IoT market growth in the kingdom over the 2022–2026 forecast period, as well as significant recent changes in the market landscape. IDC further identifies the top verticals in terms of IoT spending, leading use cases, organizations’ planned IoT investments, and technology utilization related to IoT device connectivity. “The pandemic underscored the need for digital transformation among organizations, making it an essential element for business continuity. IoT is an important component of many Saudi organizations’ transformation strategies, as it enables organizations to automate and optimize production processes and cut operational costs.” — Research Analyst Jawairia Asif, IoT and Telecom Services, IDC Saudi Arabia

Please Note: Extended description available upon request.

Table of Contents

21 Pages
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Forming an IoT Partner Ecosystem
Investing in IoT-Driven Enterprise Solutions
Developing Required Skills for IoT Solutions
Aligning IT and OT Stakeholders
Exploring New Opportunities Created by the Pandemic
Market Forecast
Saudi Arabia IoT Market Spending
Saudi Arabia IoT Spending by Top 5 Industries
Industry Overview
Transportation
Retail
Discrete Manufacturing
Utilities
Process Manufacturing
Pandemic Impact
Market Context
Drivers and Inhibitors
Drivers
Accelerating Digital Infrastructures in Saudi Arabia
Industry 4.0 Initiatives
Inhibitors
Reluctance to Adopt Technology
Security — A Major Barrier to IoT Implementation
Budgetary Constraints
Significant Market Developments
Mobily and Cisco Accelerate Saudi Arabia’s Digitization Efforts with Largest IoT Cloud Platform in Region
Zain Launches 5G Standalone Network
Saudi Arabia Launches Smart City Project for Light Industries
Eram Strikes Deal with DMI Wibes
Saudi Aramco and Aveva to Partner to Drive Sustainability Through Digitalization
Saudi Aramco, STC, and Huawei to Study 5G Uses in Oil and Gas
Saudi Arabia CITC Opens Public Consultation on IoT Regulations
Saudi Arabia’s PIF Partners with STC to Launch an IoT Company
Changes from Prior Forecast
Market Definition
Internet of Things
IDC’s IoT Technology Categories
Methodology
Related Research

Pricing

Currency Rates
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