Saudi Arabia Internet of Things (IoT) Device Market

Saudi Arabia Internet of Things Device Market Overview

In the recent time, boom in the higher end technology has been witnessed and the trend even been pacing at a very fast rate. IoT has developed from the convergence of wireless technologies, micro-electromechanical systems, microservices and the internet. IoT devices are based on the advanced automation and analytics along with sensing, integrating, etc utilising artificial intelligence technology for accomplishes services, or for making intelligent products. These devices have a broader range of applications across the different industries and have capability to enhance data collection, automation, operations etc empowering the competence of the entire system.

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Major Saudi Arabia Internet of Things Device Market Drivers

The government support and initiative to adopt latest technology in the region are the major factor bolstering the growth of the Saudi Arabia IoT device market. In addition, the rise in the volume of the data generated through big data for optimising the overall production process are driving the demand of IoT devices market in Saudi Arabia. Also, the rise in the urban population base and increasing need of their upgraded technological solutions for easing their lifestyles are driving the growth of the Saudi Arabia IoT device market. However, data security and privacy concern are restraining the IoT device market growth in Saudi Arabia. Also, the higher cost associated with the IoT devices are also acts as the restraining factor for the market growth of the IoT device market in Saudi Arabia

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Top Market Players

Various notable players in the Saudi Arabia IoT market includes ORBCOMM, IBM Corporation, Oracle Corporation, CYBERIA GROUP, Nokia, SolutionDots Systems Ltd, SBR Technologies, Machinestalk, Intel, Microsoft Saudi Arabia etc

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Key questions answered in this research report:

• •  At what pace is the Saudi Arabia IoT market growing? What will be a growth trend in the future?
  •  What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
  •  What are the various application areas and how they are poised to grow?

Market Segmentation

Saudi Arabia IoT Market by Component

• • Processor
  • Sensor
  • Connected IC

Saudi Arabia IoT Market by Application

• • Building and Automation
  • Smart Energy and Utilities
  • Smart Manufacturing
  • Connected Logistics
  • Smart Retail
  • Connected Healthcare
  • Smart Mobility and Transportation
  • Government and Defence
  • Agriculture
  • Banking and Financial Services
  • Others

Leading Market Players

• • ORBCOMM
  • IBM Corporation
  • Oracle Corporation
  • CYBERIA GROUP
  • Nokia
  • SolutionDots Systems Ltd
  • SBR Technologies
  • Machinestalk
  • Intel
  • Microsoft Saudi Arabia