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 market are anticipated to show a robust growth in the upcoming five years, 2023-2027. 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.

Objective of the Study:

• To analyze the historical growth of the market size of Saudi Arabia internet of things market from 2017 to 2020.
• To estimate and forecast the market size of Saudi Arabia internet of things market from 2021 to 2027 and growth rate until 2027. 
• 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]