United Arab Emirates (UAE) Industrial IoT Market Overview, 2029

United Arab Emirates (UAE) Industrial IoT Market Overview, 2029

The UAE Industrial IoT market is the canvas of innovation on which strokes of the brush are painting a picture of efficiency and productivity, imbued with sustainability. A major application comes within the hospitality and tourism sector, which the UAE is implementing in order to give guests better experiences and enhance operational efficiency. Smart guest rooms with associated gadgets allow room settings to be controlled through smartphones. IIoT solutions also have their application in the energy management and security domains of hotels and resorts, thus maintaining service quality and operational efficiency overall. The other prominent sector for adopting IIoT in the United Arab Emirates is in the field of Oil and Gas. Field areas where IIoT technologies can find practical application are for real-time monitoring of equipment, predictive maintenance, and production optimization processes. Major oil companies, such as ADNOC, are implementing IIoT solutions to improve operational efficiency and safety, reduce downtime, and enhance decision-making with data analytics. The application of blockchain technology is being studied for its potential contribution with regard to improving security and transparency in the IIoT applications in the UAE. When offering a decentralized, immutable ledger, blockchain guarantees the integrity of data collected from IIoT devices, consequently reducing possibilities that involve tampering or fraud. This is most important in those sectors that are critical to supply chain management, finance, and other sectors. The UAE seriously takes the investment in smart city projects through the integration of IIoT solutions to improve urban living. Through the Smart Dubai and Masdar City projects, the applications of IIoT are clear in the enabling of a better city infrastructure, transport system, energy management, and provision of public services. The initiatives foreshadow huge opportunities for the growth of IIoT markets. The Abu Dhabi Department of Economic Development (ADDED) is working with the enterprise division of local operator group Etisalat, trading as e&, to drive Industry 4.0 development in the region, with a stated focus on the internet of things (IoT), cloud computing, artificial intelligence (AI), and cybersecurity. The two groups have signed a memorandum of understanding to market new digital tech for smart (and sustainable) manufacturing.

According to the research report ""UAE Industrial IOT Market Overview, 2029,"" published by Bonafide Research, the UAE Industrial IOT market is projected to grow by more than 13.5% CAGR from 2024 to 2029. The roll-out of 5G networks across the UAE is bound to enhance the capabilities of the IIoT to record extremes. With higher data speeds and lower latency, 5G enables more reliable and real-time communication between IIoT devices, supporting high-end applications such as autonomous vehicles and remote surgery. Implementation of edge computing is increasing across the UAE to facilitate data processing close to the source, hence reducing latency and bandwidth usage for faster decision-making and improved performance in industrial applications. Edge computing bestows more advantages on IIoT scenarios in which the analysis of real-time data and correspondingly fast responses are indispensable. As IIoT gets more widespread in the UAE, increasing at the same pace is the demand for robust cybersecurity solutions. Enterprises are making investments in sophisticated cybersecurity measures to secure the IIoT networks against any cyber threat and data integrity. The IIoT systems are prone to cyber-attacks and lay down the requirement for security strategies owing to the nature of interconnectivity. Notably, the UAE government launched different initiatives to provide impetus to digital transformation and smart manufacturing. The ""UAE Vision 2021"" and ""Fourth Industrial Revolution Strategy"" call for the application of state-of-the-art technologies, of which the IIoT is one subset well positioned to drive economic growth and competitiveness; these provide strong drivers in creating an appropriate environment for IIoT adoption. According to the head of IoT at Amazon Web Services, this will be boom time for the Internet of Things industry in a post-Covid world, merely because generative AI and IoT applications and technologies will come together. ""IoT is still an industry in its early days, but it is accelerating very fast. Earlier, it was just a choice, the pandemic was an eye opener and now it has become an absolute necessity for all businesses,"" said Yasser Alsaied, vice president and head of IoT at AWS.

The situation in the UAE's industrial IoT landscape is dynamic, in which companies are initially focused on hardware before now dramatically shifting towards enhancing software capabilities. For instance, ADNOC, Abu Dhabi National Oil Company, implemented fully comprehensive IoT in its oil fields after having started an extensive sensor network, including rugged edge devices, to monitor well performance and equipment health. Other established industries in the manufacturing sector, such as aircraft parts producer Strata Manufacturing, make use of IoT platforms that have expanded from precision measurement tools to AI-driven quality control software. Another example would be Dubai's Smart City initiative, whereby the deployment of smart meters and traffic sensors is complemented by sophisticated management and visualization software. In this context, international players such as Siemens, with its MindSphere platform, operate in the UAE market in order to provide powerful industrial hardware products bundled with cloud-based software for data analysis and process optimization. Local startups like Neewee are rising to the challenge of offering UAE-specific IoT solutions, beginning with some very complex hardware integration services and running through to developing custom-made analytics software for the very unique industrial needs within the UAE.

IIoT is changing the face of the manufacturing sector in the UAE with its prowess in smart factories, operational efficiency, and reduction of downtime. Real-time monitoring, when combined with predictive maintenance, gives productivity an extra fillip, bringing down the final production cost. IIoT technologies have raised their bases amongst UAE manufacturers to get optimal production processes and quality control. The energy sector in the UAE has adopted the use of IIoT in grid management optimization, monitoring of energy use, and finally, integration of renewable sources of energy. In Abu Dhabi, there are two major companies, ENOC and ADNOC, which have begun the implementation of IIoT on smart grid solutions and energy efficiency projects. Apart from that, it is further transforming the transport and logistics sector in the UAE by providing better supply chain visibility, better fleet management, and the ability to track in real time. IIoT helps in making logistics organizations' operations lean towards optimizing routes and times of delivery more effectively. IIoT solutions provide real-time data about location and conditions of goods—information critical to inventory management and quickening the time to respond. The IIoT in UAE is utilized by some firms in healthcare, such as monitoring, tracking, and setting up predictive maintenance for medical equipment. This technology will hence improve patient care and operational efficiency at health facilities. IIoT solutions track the patient's vitals in real time, thus supporting timely interventions and better management of chronic conditions. The Department of Health – Abu Dhabi launched its Personalised Precision Medicine Programme in June 2022, related to oncology, in cooperation with Cleveland Clinic Abu Dhabi, NYU Abu Dhabi, Mohamed bin Zayed University of Artificial Intelligence, and G42 Healthcare. It is a program for the identification, diagnosis, and treatment of breast cancer using the latest AI-based technologies. Mediclinic Middle East, which comprises seven hospitals and more than 20 ambulatory care centers in Dubai, Abu Dhabi, Al Ain, became the largest private hospital group in the UAE. It announced an offer to acquire Ayadi Home Healthcare, Ayadi, a home health care services provider for patients in Abu Dhabi and Al Ain, on January 2022.

The UAE presents a very promising market for the IIoT, with both wireless and wired connectivity technologies significantly contributing to these highly proficient IoT applications across industry verticals. These wireless connectivity solutions have come to the fore in very key ways for the IIoT market in the UAE, owing to flexibility, scalability, and ease of deployment. These could include BLE, Wi-Fi, and Zigbee, relating to short-range wireless technologies, while LoRaWAN, Sigfox, and cellular connectivity, including 4G, 5G, and NB-IoT, would account for long-range solutions. Each of these technologies is used for a wide range of IIoT applications. For example, the Dubai Municipality uses LoRaWAN technology to connect and manage smart waste bins in order to drive efficient and cost-effective collection routes. In smart city initiatives, wireless connectivity is being used under Dubai's smart parking systems and its intelligent traffic management solutions. Wired connectivity technologies are less popular, compared to the wireless solutions, which dominate the UAE IIoT market. Wired connectivity options like Ethernet, PROFINET, and Modbus provide high data rates, reliability, and security in mission-critical applications, which necessitate high-bandwidth and low-latency communication. This makes them very useful in industrial automation and the oil and gas industries, among other applications requiring robust and secure data transmission. One practical example of an IIoT application using wired connectivity in the UAE is the Abu Dhabi National Oil Company's (ADNOC) Panorama Digital Command Center. Advanced analytics and wired connectivity are employed by the center in monitoring and optimizing oil and gas production for efficient and safe operations.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Industrial IoT market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Offering
• Hardware
• Software
• Platforms

By Vertical
• Manufacturing
• Healthcare
• Energy
• Oil & Gas
• Transportation
• Others (Retail, Metals & Mining and Agriculture)

By Connectivity Technology
• Wireless
• Wired

The approach of the report:

This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Industrial IoT industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.