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.
Attribute
|
Details
|
Market Size Value in 2021
|
USD 2016.86 Million
|
Revenue Forecast in 2027
|
USD 5391.15 Million
|
Growth Rate
|
17.67%
|
Base Year
|
2021
|
Historical Years
|
2017 – 2020
|
Estimated Year
|
2022
|
Forecast Period
|
2023 – 2027
|
Quantitative Units
|
Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
|
Report Coverage
|
Revenue forecast, company share, competitive landscape, growth
factors, and trends
|
Segments Covered
|
·
Component
·
Connectivity
·
End Use
|
Regional Scope
|
Central Saudi Arabia, Western Saudi
Arabia, Eastern Saudi Arabia, Rest of Saudi Arabia
|
Key Companies Profiled
|
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.
|
Customization Scope
|
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
Pricing and Purchase Options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
Delivery Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/pdf format on special request)
|
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
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:
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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).
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