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Feb 24, 2020 4:00 AM ET

Saudi Arabia Internet of Things IoT Market Size, Major Insights and Forecast Projections till 2026


Saudi Arabia Interne

iCrowd Newswire - Feb 24, 2020

Saudi Arabia Internet of Things IoT market is primarily driven by increased focus of the government to build metropolitan areas especially in the cities of Riyadh, Jeddah, Mecca and Medina and rise in the number of projects such as NEOM, Saudi Vision 2030, Qiddiyah entertainment city and growing LPWAN and 5G deployments to control traffic in the holy cities of Mecca and Medina are leading to an increase in demand for the Internet of Things in the market during the forecast period. Smart parking, lighting, signage, and cleaning systems are gaining traction and improving urban life. The factors restraining the growth of Saudi Arabia Internet of Things market are the regulations & standards along with the lack of technical expertise in handling the infrastructure.

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The internet of things is defined as a network of physical objects that are accessed through the internet. It comprises things that have unique identities, and the devices communicate through IP networks, including variable communication protocols. In most cases, the tools need an active internet connection and have limitless integration options but require a solution that can manage all the communications. The Internet of Things devices allows users to attain more in-depth analysis, integration, and automation inside a system. The several important features of the Internet of Things include connectivity, artificial intelligence, active engagement, sensors, and the use of small devices. Internet of Things has the ability to make anything smart but virtually, which means it improves every part of life by the power of artificial intelligence algorithms, data collection, and networks.

Read Full Report Description: Saudi Arabia Internet of Things Market By Component (Software, Services and Platform), Software (Real Time Streaming Analytics, Security Solution, Data Management, Remote Monitoring Systems, Network bandwidth management), By Service (Professional service, and, Consulting 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, Connected Healthcare, Smart Mobility and Transportation, Government and Defense, Agriculture, Banking and Financial Services, and Others) – Opportunities and Forecast, 2019-2026 – https://www.gmiresearch.com/report/saudi-arabia-internet-of-things-market/

Based on network infrastructure, a gateway is expected to increase at a higher rate over the forecast period owing to its ability to provide additional security to the IoT network and the data it transports. It is a type of physical device or a software program which acts as a point of connection between controllers and cloud, sensors, and intelligent devices. All the data which moves to and fro the cloud passes through the gateway that can be a dedicated software program or a hardware appliance. The gateway in IoT can also be referred to as an intelligent gateway or control tier.

On the basis of application, retail application is projected to increase at a higher rate during the forecast period owing to the rising adoption of internet of things in this sector as it helps in enhancing the customer experience and drive more conversions. The utilization of Internet of things in retail also provides several advantages which include efficient management of energy, in-store navigation, prevention from theft, and customer engagement which also leads to the growth of market in this application.

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On the basis of component, the platform is expected to grow at a higher rate in the internet of things market owing to its ability to handle the ongoing management tasks and data visualization which enables the users to automate their environment and are often referred to as the middleware solutions handling different hardware and software communication protocols. It is a type of support software that connects the edge hardware, data networks, and access points to other parts of the value chain. The cloud platform in internet of things brings the capabilities of the internet of things devices and cloud computing, which is delivered as a service over an end-to-end platform.

Based on node component, the sensor in internet of things system is anticipated to increase at a higher rate over the forecast period due to high adoption of this component in the internet of things devices. The communicates with the cloud through some type of connectivity. Once the data moves to cloud, the software processes the data and might decide to perform an action such as either sending an alert or automatically adjusting the sensors without the need of the user. Sensors can be connected to the cloud by various methods which include Wi-Fi, Bluetooth, cellular, satellite, among others.

The Saudi Arabia Internet of Things market has been segmented based on component, software, service, platform, node component, network infrastructure and application. Based on component, the market is segmented into software, services and platform. Based on the software, the market is segmented into real time streaming analytics, security solution, data management, remote monitoring systems, network bandwidth management. Based on the service, the market is segmented into professional service, deployment and integration, support and maintenance, consulting service, managed service. Based on the platform, the market is categorized device management, application management, network management, and cloud platform. Based on node component, the market is segmented into Processor, Sensor, and Connectivity IC.

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Major players of the Saudi Arabia IoT are focusing on expanding their customer base across the globe by leveraging on the strategic collaborative, joint venture, and partnership to increase their market share and their profitability. Various notable players operating in the Saudi Arabia Internet of Things market include IBM Corporation, Intel Corporation, ZTE Corporation, Huawei Technologies Co. Ltd., Oracle Corporation, Cisco Systems Inc., Honeywell International Inc., and Siemens among others.

Based on network infrastructure, the market is segmented into Server, Storage, Ethernet Switch & Routing, and Gateway. Based on application size, the market is segmented into Building and Automation, Smart Energy and Utilities, Smart Manufacturing, Connected Logistics, Smart Retail, Connected Healthcare, Smart Mobility and Transportation, Government and Defense, Agriculture, Banking and Financial Services, and Others.

Market Segmentation

Saudi Arabia Internet of Things Market by Component

Saudi Arabia Internet of Things Market by Software

Saudi Arabia Internet of Things Market by Services

Saudi Arabia Internet of Things Market by Platform

Saudi Arabia IoT Market by Node Component

Saudi Arabia Internet of Things Market by Network Infrastructure

Saudi Arabia Internet of Things Market by Application

Saudi Arabia Internet of Things Market Leading Players (Option 5: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

 

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Keywords:    Saudi Arabia Internet of Things Market, Saudi Arabia IoT Market

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