Saudi Arabia Internet of Things (IoT) Market, By Component (Software (Real Time Streaming Analytics Security, Data Management, Remote Monitoring, Network Bandwidth Management, Others) Hardware (Device, Gateways), Service (Professional, Managed), By Connectivity (Zigbee, Radio Frequency Identification (RFID), Near Field Communication (NFC), Low Power Wide Area Network (LPWAN), Others), By End Use (Oil and Gas, Manufacturing, Automotive & Transportation, Healthcare, Retail and E-Commerce, Infrastructure Management, Others), By Region, By Top 5 Cities, Competition, Opportunity, and Forecast, 2017-2027

Saudi Arabia Internet of Things (IoT) market was valued at USD2016.86 million in 2021 and is projected to grow around USD5391.15 million by 2027 owing to the proliferation of technologies such as ZigBee, rising NFC demand and increasing usage of Bluetooth and Wi-Fi. Moreover, rise in cloud platform adoption, development of wireless networking technologies like 5G is likely to propel Saudi Arabia Internet of Things (Internet of Things (IoT)) market during forecast period.

Internet of Things, or Internet of Things (IoT), refers to the billions of mobile devices connected to the Internet worldwide, all of which collect and share data. These devices vary in complexity from standard household items to sophisticated industrial equipment. Internet of Things (Internet of Things (IoT)) is a large network of objects that all people collect and share data on how they are used with the world around them. Connecting all these different devices and adding sensors to them gives devices a level of digital intelligence that allows them to transmit real-time data without human need. Integration of multiple machines, devices and electronic devices connected to the Internet through multiple networks.

Introduction of Giga-Projects and Investments in Digital Infrastructure Driving the Market

Several important economic diversification projects are driving the expansion of Internet of Things (IoT) services. They are aided by low-cost, dependable connection as well as government legislation promoting Internet of Things (IoT) usage. The Riyadh Metro, Riyadh Rapid Bus Transit System, Qiddiya, Amal, Neom, and the Red Sea Project are among the key projects. Moreover, Saudi Arabia was one of the first GCC countries to deploy a 5G network. More users can transfer data at the same time with better connectivity, lower latency, and faster connections. Internet of Things (IoT) solutions based on 5G and LPWAN technologies are rapidly being developed by businesses and technology providers. These initiative and developments are boosting the growth in the market.

Increased Demand of Safety of Data through Internet of Things (IoT) Security

Data breaches occur as a result of increased cybercrime and security threats, in which sensitive information about individuals or businesses is stolen to obtain information, access financial accounts, gain unauthorized access, damage or disrupt an information technology asset or computer network, and so on. Additional security concerns include surveillance cameras, door locks, smart safes, fire alarm systems, access control systems, and other technology that cybercriminals can easily hack. Internet of Things (IoT) Security is the solution that keeps all connected devices safe. Improving the security and safety of an organization's data has become a must. This digital security is incorporated into Internet of Things (IoT) devices from the ground up and at all points in the ecosystem to prevent Internet of Things (IoT) ecosystem vulnerabilities. All these features help to have better security at Makkah and Madinah as these places have a very high visitors from all over the world.

Increased Use of Cloud-based Systems to Boost the Saudi Arabia Internet of Things (IoT) Market Growth

Cloud-based systems allow users to perform computer tasks using Internet-based services. Google, Amazon Web Services (AWS), Alibaba, and other heavy cloud service are among these cloud-based platforms. The combination of Internet of Things and cloud technology works as a catalyst. The difficulty of storing, processing, and accessing large amounts of data has improved due to the rapid technological advances, and the Internet of Things and cloud technology are leading to an integrated solution to this problem. Although the Internet of Things generates a huge amount of data, using cloud computing provides a way for data to reach its destination, resulting in no need to predict infrastructure needs, saving money because end users only pay for utilities, large scale, extra savings, and platforms. The data can be distributed worldwide in minutes, providing flexibility, and speed of service to users. Cloud-based systems provide great computing power, reliability, connectivity that enhances the performance of Internet of Things (IoT) systems. The growing popularity of cloud computing services, due to their low cost, high performance, and ease of use encourages the growth of the Saudi Arabia Internet of Things (IoT) Market.

Evolving Telecommunication and Industrial Sectors to Boost the Saudi Arabia Internet of Things (IoT) Market Growth

More than 60% of Saudi Arabia's largest corporations are in various stages of implementing Internet of Things (IoT) solutions. Some industries have seen early success in data-driven innovation, including education, energy, environmental management, health care, smart cities, smart production, and management. These are creating new sources of revenue and business opportunities, and telecommunication operators in Saudi Arabia have begun to become IT and Internet of Things (IoT) service providers. They aim to utilize their extensive infrastructure and network installation to provide a comprehensive portfolio of solutions. These factors are playing a large role in the development of the Internet of Things (IoT) market in Saudi Arabia.

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Market Segmentation

The Saudi Arabia Internet of Things (IoT) market can be segmented based on Component, Connectivity, End Use, By Region, By Top 5 cities. Based on Component, the market can be segmented into Software, Hardware and Service. The Software Component is further segmented into Real Time Streaming Analytics Security and Data Management, Remote Monitoring, Network Bandwidth Management, Others. The hardware component is further segmented into Device, Gateways. The service segment is further segmented into Professional and Managed.  In terms of Connectivity, the market is segmented into Low Power Area Network (LPWAN), Radio Frequency Identification (RFID), Near Field Communication (NFC), Zigbee, Others. Based on the End Use , the market is segmented into Oil and Gas, Manufacturing, Automotive &Transportation, Healthcare, Retail and E-Commerce, Infrastructure Management, Others. On the basis of regional analysis the market is divided into Central Saudi Arabia, Western Saudi Arabia, Eastern Saudi Arabia, Rest of Saudi Arabia.

Company Profiles

Siemens Limited, Amazon.com, Inc., Saudi Business Machines Ltd, Intel Corporation, Cisco Saudi Arabia Limited, Oracle Systems Limited, Hewlett Packard Enterprise Development LP, Microsoft Arabia, Honeywell Turki Arabia LTD., Telefonaktiebolaget LM Ericsson, General Electric, LTC Connecting Things, Alfabet Saudi Arabia LLC, Robert Bosch Saudi Arabia Company Ltd, PTC Inc. etc. are the major players operating in the Saudi Arabia Internet of Things (IoT) market.

Report Scope:

In this report, the Saudi Arabia Internet of Things (IoT) market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Saudi Arabia Internet of Things (IoT) Market, By Component:
• Software
• Real Time Streaming Analytics
• Security and Data Management
• Remote Monitoring
• Network Bandwidth Management
• Others
• Hardware
• Device
• Gateways

o    Service

§  Professional

§  Managed

• Saudi Arabia Internet of Things (IoT) Market, By Connectivity:
• LPWAN
• Radio frequency Identification (RFID)
• Zigbee
• Near Field Communication
• Others
• Saudi Arabia Internet of Things (IoT) Market, By End Use:
• Oil and Gas
• Manufacturing
• Automotive &Transportation
• Infrastructure Management
• Retail and E-Commerce
• Healthcare
• Others
• Saudi Arabia Internet of Things (IoT) Market, By Region:
• Central Saudi Arabia
• Western Saudi Arabia
• Eastern Saudi Arabia
• Rest of Saudi Arabia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Saudi Arabia Internet of Things (IoT) market.

Available Customizations:

With the given Market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).