UAE Internet of Things (IoT) Market

UAE IoT Market By Component (Software, Services and Platform), By Software (Real Time Streaming Analytics, Security Solution, Data Management, Remote Monitoring Systems, Network bandwidth management), By Service (Professional service and Managed Service) By Platform (Device Management, Application Management, Network Management, and Cloud Platform), By Node Component (Processor, Sensor, and Connectivity IC), and By Network Infrastructure (Server, Storage, Ethernet Switch & Routing, and Gateway), and By Application (Building and Automation, Smart Energy and Utilities, Smart Manufacturing, Connected Logistics, Smart Retail, Healthcare, Smart Mobility and Transportation, Government and Defense, Agriculture, Banking and Financial Services, and Others)- Opportunities and Forecast, 2019-2026.

The Internet of Things (IoT) is a collection of interrelated computing devices, mechanical or virtual machines, objects, and individuals that have unique identifiers (UIDs) and the ability to generate, exchange and consume data over a network without needing human-to-human or computer-to-computer communication. IoT has developed from the convergence of wireless technologies, micro-electromechanical systems, microservices, and the internet. IoT enables companies to automate processes and minimize labor costs. Features like the ability to access information at any time, enhancing communication between devices, automate a task that helps to improve quality and performance sue to which it is widely adopting in every industry such as healthcare, finance, retail, manufacturing, and others.

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The major factors that are driving the growth of the Internet of Things (IoT) market are the growing adoption of IoT technology in various application areas, including smart cities, smart manufacturing, logistics, transportation, etc. In addition, due to increasing government initiative and investment to build smart cities is further fuelling market growth. For Instance, in Oct 2018, the pilot phase of the five-year plan for Smart Cities and Artificial Intelligence has launched by the Department of Urban Planning and Municipalities in Abu Dhabi. Dubai Expo 2020 is expected to fuel the development of the smart city in UAE will also provide a proving ground to implement IoT devices to collect information. Moreover, technological advancement, increasing penetration of cloud-platform along with growing demand for machine intelligence, and surging adoption of various wearable technology applications are accelerating the IoT market growth in UAE. However, data security and privacy concerns are restraining the IoT market growth in the UAE.

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Based on software, the security solution segment is expected to grow during the forecast period. The concern with data security by protecting data integrity, data confidentiality and enables IoT infrastructures free from cybersecurity risks. IoT-enabled security solution boosts security by allowing the use of security and access control systems that depend on facial recognition, voice printing, among others. IoT based security solution offers various benefits such as data encryption, enhance data authentication process, reduces cybercrime, and others.

Based on the service, deployment and integration professional services segment streamline complex devices which includes configuration such as FOTA and SOTA, deployment, management, and certification.

Based on the platform, device management segment provide features such as authenticating, configuring, monitoring, provisioning, and maintaining the software and device firmware that extends its functional abilities. Additionally, IoT device management is crucial to creating and retaining the health, connectivity, and security of IoT devices.

Based on the node component, the sensor segment is expected to grow at higher rate during the forecast period due to it is considered as a crucial part of the IoT and comprises energy modules, RF modules, power management modules, and sensing modules. The sensing modules play a role in sensing through the assorted device and passive measurement devices. The RF modules manage the communications by processing signal, Bluetooth, wifi, and others.

Based on application, smart mobility and transportation segment are expected to grow in UAE IoT Market with Dubai autonomous strategy, which is seeking 25% of all trips being autonomous by 2030. It also helps to reduce traffic, enhance safety, and optimize routes. In the healthcare segment, IoT provides a connection between doctors, patients, hospitals, and insurance companies. It offers secure digital records, enhances track, and improve hospital assets, coupled with it helps to reduce illness and predict patient treatment.

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Various notable players in the UAE IoT market include AT&T, Inc, ZTE Corporation, Intel Corporation, IBM Corporation, Huawei Technologies Co., Ltd., Oracle Corporation, Google LLC, GSM Association, Cisco Systems, Inc, Amazon Web Services, Inc., Honeywell International Inc., BOE Technology Group Co., Ltd. and among others. Major players are focussing on the acquisition, collaboration, and expansion to expand their global reach and become a market competitive.

Key Developments:

• • In Oct 2019, Emirates Integrated Telecommunications Company du entered into a partnership with Wipro to boost its purpose-built Internet of Things (IoT) identity and access management platform for the UAE . This partnership aims to address the threat by securing devices and data coupled with policy-driven credential management and end-to-end data encryption.
  • In Oct 2017, Huawei Technologies Co., Ltd. entered into a partnership with two companies, Nextek and Quectel, to boost IoT growth and build an IoT ecosystem in the Middle East. With this partnership, Huawei is aiming to promote smart city development in the region.

UAE Internet of Things (IoT) Market has been segmented on the basis of category and end-use. Based on category, the market is segmented into device hardware, systems integration, software solutions and network connectivity. Based on end-use, the market is segmented into manufacturing, automotive, agriculture, retail, healthcare, transportation and logistics and others.

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Key questions answered in this research report:

• • At what pace is the UAE IoT market growing? What will be a growing 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

UAE Internet of Things (IoT) Market by Category

• • Device Hardware
  • Systems Integration
  • Software Solutions
  • Network Connectivity

UAE Internet of Things (IoT) Market by End-Use

• • Manufacturing
  • Automotive
  • Agriculture
  • Retail
  • Healthcare
  • Transportation and Logistics
  • Others

Leading Market Players (Option 1: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • AT&T, Inc.
  • Intel Corporation
  • ZTE Corporation
  • IBM Corporation
  • Emirates Integrated Telecommunications Company
  • Huawei Technologies Co., Ltd
  • Oracle Corporation
  • Google LLC
  • GSM Association
  • Cisco Systems, Inc.
  • Amazon Web Services, Inc.
  • Honeywell International Inc.