Saudi Arabia Internet-of-Things Forecast, 2021-2025

Published: December 22, 2021 |

IDC | 15 Pages | Delivery time: 1-2 business days

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This IDC Market Forecast report examines the Internet-of-Things market in Saudi Arabia from 2020 to 2025. It identifies essential concerns for technology suppliers in this growing and complicated ecosystem, as well as advises participants on short- and long-term strategies. Forecast topics include lockdowns, supply-chain and operational bottlenecks, and the broader economic turmoil caused by COVID-19 in Saudi Arabia. The paper also details market growth drivers and inhibitors."IoT technology is in a breakthrough phase in Saudi Arabia, driven by Smart Cities and ongoing megaprojects in the country. The deployment of 5G networks among telecom providers is further fueling the adoption of solutions in the industrial sector. The expected extent of digital transformation-related investments in IoT solutions will ensure the kingdom's place among the most vibrant IoT-supported economies in the region." - Research Analyst Mohammed Azim, IoT and Telecom Services, IDC Saudi Arabia

Product Code: META48483720

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Market Forecast

Saudi Arabia IoT Market Spending
Saudi Arabia IoT Spending by Sector
Distribution and Services
Finance
Infrastructure
Manufacturing and Resources
Public Sector
Pandemic Impact

Market Context

Drivers and Inhibitors
- Drivers
  - Public Infrastructure Smartification
  - Investments in Artificial Intelligence, IoT, Cloud, 5G, and Cybersecurity to Grow
  - Industry 4.0 Investments
- Inhibitors
  - Lack of IoT Adoption Budget
  - End-to-End Security
Significant Market Developments
- STC to Deliver Advanced 5G & IoT Network for NEOM
- STC Announces Partnership with Sensoneo for Smart Waste Management
- InfraX and Dawiyat Announce Partnership to Develop IoT and Edge Computing Solutions
- Zain KSA Signs Memorandum of Understanding with Tata Communications for Bilateral Cooperation on Connectivity and IoT Smart City Use Cases
- Saudi Aramco to Invest in Fleet IoT for Fuel Optimization
- Two IoT Virtual Network Operators Sign Cooperation Agreements with STC
- Telcos Driving Growth in Machine-to-Machine Technology Adoption
- Mobily Expands NB-IoT Cell Coverage
Changes from Prior Forecast