Saudi Arabia IoT Market Trends, 2023

Saudi Arabia IoT Market Trends, 2023

This report provides an overview of Saudi Arabia's embrace of IoT technology, which is aligned with its Vision 2030's goals for economic diversification and technological advancement. The IoT landscape encompasses software, hardware, and diverse connectivity options such as private 5G networks. Sectors like manufacturing, government, utilities, retail, and transportation are driving IoT investments, given their focus on quality enhancement, resource optimization, and sustainability. However, talent development challenges, as well as solution integration, interoperability, and customization problems stemming from the fragmented state of the market, are hindering IoT growth. Despite the hurdles, Saudi Arabia is poised for rapid IoT growth. Various stakeholders have an opportunity to thrive in this burgeoning market, despite the complexity of solution integration and the need for enhanced skill sets."Saudi Arabia's commitment to IoT integration aligns with its Vision 2030 goals, and its application of advanced AI, ML, and 5G technologies in key industries has been significant in recent years. The manufacturing, government, utilities, retail, and transportation sectors are spearheading IoT investments, focusing on quality enhancement, resource efficiency, and sustainability. Overcoming challenges in talent development and solution integration will present opportunities for growth, innovation, and technological improvement across Saudi Arabia's IoT landscape." — Jawairia Asif, research analyst, telecom and IoT services, IDC Middle East and Africa

Please Note: Extended description available upon request.