Saudi Arabia internet of
things market are anticipated to show a robust growth in the upcoming five
years, 2022-2026. The market growth can be attributed to emergence of advanced
data analytics technology. Moreover, surge in the adoption of cloud computing,
and rapidly increasing usage of connected devices for user-friendly interface.
Also, technological advancement like real-time analytics integrated with the
devices enhancing consumer experience by providing data and improving overall
performance of the device and integration of the internet of things devices and
services to improve industrial internal efficiency and better time management,
are further aiding the growth of the market in the upcoming five years.
The
internet of things is operating system that collects the information from a
device of electronic through various segments like sensors, software, etc. and
delivers it to other devices with the help of the internet. The support extends
toward data collection, automation of the data, data operations, through the
smart devices.
The
Saudi Arabia internet of things market is segmented by platform, component,
type, application, regional distribution, and competitional landscape. Based on
platform,
the market is further bifurcated into network management, application
management and device management. The device management sub-segment is
anticipated to hold the largest revenue shares of the market and assert its
dominance over the market on the grounds of rising number of internet devices,
rapidly increasing demand for the smart phones and smart appliances, etc.
Moreover, the device management has supported the telecommunication industry expand
their holds in the market and substantially aiding to the growth of the Saudi
Arabia internet of things market in the upcoming five years.
A
partial list of market player in the Saudi Arabia internet of things market
includes 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, among others. These market players
hold larger shares of the market than the new market players. With the
advancement of the technology, it is appropriate to say that the effective
research and development of the technologically advanced devices would support
the market growth and benefit the market players as well as the consumers. New
market players may focus on the research and development to provide devices
that satisfies the consumer demand as well as benefits the market players in
building their brand value. Other competitive strategies include mergers &
acquisitions and new product developments.
Years considered
for this report:
Historical Years: 2016 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2026
Objective of the Study:
- To analyze the historical
growth of the market size of Saudi Arabia internet of things market from
2016 to 2019.
- To estimate and forecast the market size of Saudi
Arabia internet of things market from 2020 to 2026 and growth rate until
2026.
- 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 product launches, 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.
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TechSci Research performed both primary
as well as exhaustive secondary research for this study. Initially, TechSci
Research sourced a list of manufacturers, suppliers, and 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 manufactures which could not be identified due to the
limitations of secondary research. TechSci Research analyzed the manufactures,
distribution channels 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 product types and
applications 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 manufacturers, end users, and other
stakeholders
- Distributers and suppliers of the products 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 manufacturers, suppliers, end users, etc., besides allowing them in
strategizing investments and capitalizing on market opportunities.
Report Scope:
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:
o Hardware
o Services
o Software
- Saudi Arabia Internet of Things
Market, By Type:
o B2B
o B2C
o B2G
- Saudi Arabia Internet of Things
Market, By Application:
- Consumer Electronics
- Smart Mobility &
Transportation
- Building & Home Automation
- Connected Logistics
- Smart Retail
- Others
- Saudi Arabia Internet of Things
Market, By Region:
- Western
- Eastern
- Northern & Central
- Southern
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Saudi Arabia internet of things 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).
Saudi Arabia Internet of
Things Market is an upcoming report to be released soon. If you wish an early
delivery of this report or want to confirm the date of release, please contact
us at [email protected]