Saudi Arabia Internet of Things Market, By Platform (Network Management, Application Management and Device Management), By Component (Hardware, Services and Software), By Type (B2B, B2C, B2G), By Application (Consumer Electronics, Smart Mobility & Transportation, Building & Home Automation, Connected Logistics, Smart Retail, and Others), By Region, Competition Forecast & Opportunities, 2027
Saudi Arabia Internet of things (IoT) market is expected to register robust growth during the forecast period. Factors attributing to the market growth are the increasing use of advanced data analytics technology and the rising application of connected devices in the country. With the advancements in network infrastructure, IoT is anticipated to become more widely available in Saudi Arabia. Increasing vendor collaborations with several organizations to boost the technology-enabled solutions are further supporting the growth of Saudi Arabia Internet of Things market. Moreover, the development of wireless networking technologies and rapid increase in cloud platform adoption driven by the growing use of smart devices is expected to drive the growth of Saudi Arabia Internet of Things market. Smart devices such as sensors, smartphones, wearables, etc., collect information, further utilized to enhance customers’ experience. Massive adoption of Internet of things devices in industries to complement and augment human labor with robotics and growing government investments towards the digital ecosystem are expected to boost the Saudi Arabia Internet of things market. Internet of Things is projected to become more widely accessible for corporate development with the development of edge computing and 5G, which is expected to drive further the growth of Saudi Arabia Internet of Things market.
The Saudi Arabia Internet of things market is segmented by platform, component, type, application, regional distribution, and competitional landscape. Based on the platform, the market is further segmented into network management, application management, and device management. The device management sub-segment is expected to dominate the Saudi Arabia Internet of Things market on account of the rising number of Internet devices and increasing demand for smartphones and appliances. Besides, the rapidly expanding telecommunication industry in Saudi Arabia is adding to the growing demand for device management, which is expected to accelerate the growth of Saudi Arabia Internet of Things market.
IBM Middle East FZ- LLC, Intel Corporation (U.K.) Ltd, ZTE (HK) Limited Saudi Arabia, Honeywell Turki Arabia Ltd., Huawei Tech Investment Saudi Arabia Co. Ltd, Oracle Systems Limited - Saudi Arabia, CISCO Saudi Arabia Limited Company, SIEMENS Company Limited - AL KHOBAR, SAP Saudi Arabia Software Services Co. Ltd., Microsoft Saudi Arabia are some of the major companies in Saudi Arabia Internet of Things market. Companies are heavily investing in advanced technologies like artificial intelligence, cloud computing, and others to expand their business into various end-user industries such as healthcare, manufacturing, retail, and others to achieve growth in Saudi Arabia Internet of Things market.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F–2027F
Objective of the Study:
- To analyze the historical growth in the market size of Saudi Arabia Internet of things market from 2017 to 2021.
- To estimate and forecast the market size of Saudi Arabia Internet of things market from 2022E to 2027F and growth rate until 2027F.
- To classify and forecast Saudi Arabia Internet of things market based on platform, component, type, application, competitional landscape, and regional distribution.
- To identify dominant region or segment in the Saudi Arabia Internet of things market.
- To identify drivers and challenges for Saudi Arabia Internet of things market.
- To examine competitive developments such as expansions, new services, mergers & acquisitions, etc., in Saudi Arabia Internet of things market.
- To identify and analyze the profile of leading players operating in Saudi Arabia Internet of things market.
- To identify key sustainable strategies adopted by market players in Saudi Arabia Internet of things market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers and presence of all major players across the country.
TechSci Research calculated the market size of Saudi Arabia Internet of Things market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these services for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Internet of things service providers, end users, and other stakeholders
- Organizations, forums, and alliances related to Internet of things
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, Saudi Arabia Internet of things market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Saudi Arabia Internet of Things Market, By Platform:
- Network Management
- Application Management
- Device Management
- Saudi Arabia Internet of Things Market, By Component:
- Saudi Arabia Internet of Things Market, By Type:
- Saudi Arabia Internet of Things Market, By Application:
- Consumer Electronics
- Smart Mobility & Transportation
- Building & Home Automation
- Connected Logistics
- Smart Retail
- Saudi Arabia Internet of Things Market, By Region:
- Northern & Central
Company Profiles: Detailed analysis of the major companies present in Saudi Arabia Internet of things market.
- Detailed analysis and profiling of additional market players (up to five).
1.IBM Middle East FZ- LLC
2.Intel Corporation (U.K.) Ltd
3.ZTE (HK) Limited Saudi Arabia
4.Honeywell Turki Arabia Ltd.
5.Huawei Tech Investment Saudi Arabia Co. Ltd
6.Oracle Systems Limited - Saudi Arabia
7.CISCO SAUDI ARABIA LIMITED COMPANY
8.SIEMENS COMPANY LIMITED - AL KHOBAR
9.SAP Saudi Arabia Software Services Co. Ltd.
10.Microsoft Saudi ArabiaPlease Note:
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