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Saudi Arabia IoT Market Trends, 2023

Publisher IDC
Published Sep 28, 2023
Length 13 Pages
SKU # IDC18202309

Description

Saudi Arabia IoT Market Trends, 2023


This report provides an overview of Saudi Arabia's embrace of IoT technology, which is aligned with its Vision 2030's goals for economic diversification and technological advancement. The IoT landscape encompasses software, hardware, and diverse connectivity options such as private 5G networks. Sectors like manufacturing, government, utilities, retail, and transportation are driving IoT investments, given their focus on quality enhancement, resource optimization, and sustainability. However, talent development challenges, as well as solution integration, interoperability, and customization problems stemming from the fragmented state of the market, are hindering IoT growth. Despite the hurdles, Saudi Arabia is poised for rapid IoT growth. Various stakeholders have an opportunity to thrive in this burgeoning market, despite the complexity of solution integration and the need for enhanced skill sets."Saudi Arabia's commitment to IoT integration aligns with its Vision 2030 goals, and its application of advanced AI, ML, and 5G technologies in key industries has been significant in recent years. The manufacturing, government, utilities, retail, and transportation sectors are spearheading IoT investments, focusing on quality enhancement, resource efficiency, and sustainability. Overcoming challenges in talent development and solution integration will present opportunities for growth, innovation, and technological improvement across Saudi Arabia's IoT landscape." — Jawairia Asif, research analyst, telecom and IoT services, IDC Middle East and Africa

Please Note: Extended description available upon request.

Table of Contents

13 Pages
Executive Snapshot
New Market Developments and Dynamics
Digital Transformation of Saudi Cities
Regulators Providing Strategic Direction, Setting Policies, and Outlining New Initiatives
Greenfield Giga Projects
The Role of Connectivity in IoT Expansion
IoT Platform and Cloud Analytics: Enabling Seamless Device Connection and Data-Driven Insights
IoT Squared Initiatives to Foster IoT Innovation and Enable Technology Adoption in Saudi Arabia
IoT Squared and AHOY Technology Collaborate to Boost Saudi Arabia's Mobility Sector
IoT Squared Collaborates with Ossia to Roll Out Cota Wireless Power Technology and Solutions in Saudi Arabia
Software AG and IoT Squared Partner to Foster IoT Innovation
Honeywell and IoT Squared Work Together
IoT and Edge Computing Driving Growth and Efficiency
Achieving Net Zero Emissions
IoT Research and Development Initiatives
Challenges
Hindrances Due to Limited IoT Solutions and Skill Sets
Interoperability and Integration Challenges
Customization and Flexibility
Advice for the Technology Supplier
Strategize Ecosystem Development for IoT Success: Integrate Technology and Market Approaches
Take Strategic Investment Approaches in the Dynamic Realm of IoT
Overcome Talent Barriers and Exploit Global Skill Development
Learn More
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