UAE internet of things (IoT) market is expected
to grow at an impressive rate during the forecast period. The UAE internet of
things (IoT) market is driven by the widespread adoption of IoT solutions
across various enterprises, especially the SMEs. IoT solutions help
organizations increase their efficiency, improve their productivity, efficiently
manage their resources while reducing their overall operational costs. These
factors are expected to positively impact the growth through 2025.
Additionally, increasing adoption of big data and cloud based solutions is
further expected to propel the market over the next few years. Furthermore,
booming IT & Telecommunication industry is expected to fuel the market
growth during the forecast period. However, adhering to data security standards
and norms can hinder the market growth during the forecast period. Also,
migration of data from legacy systems pose a key challenge to the market
growth.
With the sudden outbreak of pandemic
COVID-19 disease, the world is affected, majority of the businesses are shut
down and operations across different enterprises are also compromised. This has
made organizations to work in a non-optimized manner because of which many
organizations are looking for ways to improve their operational efficiencies,
overall productivity and are looking for innovative ideas & solutions to
improve the revenue. Similarly, the IoT industry is also drastically affected
by the pandemic. While the IoT networks remain unaffected the investment in
consumer IoT devices has suddenly gone down. This has increased the number of
cyber attacks and threats of malwares, ransomwares and data breaches. This in
turn is driving the overall cyber security and managed security services
market.
The UAE internet of things (IoT) market
is segmented based on platform, component, application, company, and region. Based
on platform, the market can be categorized into device management, application
management and network management. The device management segment is expected to
dominate the market since it helps organizations manage their applications and
platforms efficiently. Additionally, it provides capabilities for device
provisioning, remote access, configuration, software management, device
monitoring, troubleshooting, among others. Based on application, the market can
be fragmented into consumer electronics, smart mobility & transportation,
building & home automation, connected logistics, smart retail and others.
The consumer electronics segment is expected to dominate the market during the
forecast period. This can be ascribed to the use of IoT for connecting
different appliances and devices through internet and enables real time
wireless communication with users.
The major players operating in the internet
of things (IoT) market are Oracle United Arab Emirates,
Robert Bosch Middle East, Cognizant
Technology Solutions, Microsoft Gulf FZ LLC, General Electric, Hewlett Packard
Enterprise UAE, Intel UAE, IBM Middle East FZ LLC, Cisco Middle East (Cisco),
UAE, SAP and others. Major companies are developing advanced technologies and
launching new services to stay competitive in the market. Other competitive
strategies include mergers & acquisitions and new service developments.
Years
considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective
of the Study:
- To analyze and estimate the
market size of UAE internet of things (IoT) market from 2015 to 2018.
- To estimate and forecast the
market size of UAE internet of things (IoT) market from 2019 to 2025 and
growth rate until 2025.
- To classify and forecast UAE
internet of things (IoT) market based on platform, component, application,
company, and regional distribution.
- To identify dominant region
or segment in the UAE internet of things (IoT) market.
- To identify drivers and
challenges for UAE internet of things (IoT) market.
- To examine competitive
developments such as expansions, new product launches, mergers &
acquisitions, etc., in UAE internet of things (IoT) market.
- To identify and analyze the
profile of leading players operating in UAE internet of things (IoT)
market.
- To identify key sustainable
strategies adopted by market players in UAE internet of things (IoT) 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 service providers across the globe. 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, distribution channels and presence of all major
players across the globe.
TechSci
Research calculated the market size of UAE internet of things (IoT) 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 (IoT) provider companies
- Market research and consulting firms
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums and alliances related to
internet of things (IoT)
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as service
providers, suppliers and partners, end users, etc., besides allowing them in
strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, UAE internet of things (IoT)
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- UAE Internet of Things (IoT) Market, By Platform:
- Device
Management
- Application
Management
- Network
Management
- UAE Internet of Things (IoT) Market, By Component:
- Hardware
- Software
- Service
- UAE Internet of Things (IoT) Market, By Application:
- Consumer
Electronics
- Smart
Mobility & Transportation
- Building
& Home Automation
- Connected
Logistics
- Smart
Retail
- Others
- UAE Internet of Things (IoT) Market, By Region:
- Dubai
- Sharjah
- Abu
Dhabi
- Rest of UAE
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in UAE 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).
UAE internet of things (IoT)
market is an upcoming report to be released soon. If you wish an early delivery
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