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Market Research Report

Saudi Arabia Internet-of-Things Market 2020-2024 Forecast and 2019 Analysis

Published by IDC Product code 948659
Published Content info 16 Pages
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Saudi Arabia Internet-of-Things Market 2020-2024 Forecast and 2019 Analysis
Published: July 10, 2020 Content info: 16 Pages

This IDC Market Forecast document covers the Internet of Things (IoT) market in Saudi Arabia during the 2019-2024 period. It highlights key considerations for technology suppliers in this evolving and complex market, and it provides short-term and long-term planning advice. Among a host of other factors, forecast considerations include the supply-chain disruptions, operational restrictions, and overall economic downturn brought about by the COVID-19 crisis in Saudi Arabia. The study also elaborates on market growth drivers and inhibitors."IoT is playing a critical role in the digital transformation of major industries in Saudi Arabia. Challenges arising out of the COVID-19 crisis might have dampened IoT adoption, but enterprises are now more committed to deploying IoT solutions - and sooner than later - as they realize the significant positive impact IoT can have on profitability." - Senior Research Analyst Hyder Aftab, IoT and Telecom Services, IDC Saudi Arabia

Table of Contents
Product Code: META46632720

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
  • Manufacturing and Resources
  • Public Sector
  • Consumer
  • Infrastructure
  • Finance

Market Context

  • Drivers and Inhibitors
    • Drivers
      • Modern Infrastructure Projects
      • Cloud and Artificial Intelligence Driving IoT Adoption
    • Inhibitors
      • Unproven ROI
      • Data Security
      • Legacy Systems and Hardware
  • Significant Market Developments
    • IoT-Virtual Network Operator Licenses Issued
    • Regulatory Requirements and Clarifications
    • Early Deployment and Launch of 5G Networks
    • Declining Costs of IoT Hardware
    • Declining Oil Prices
    • COVID-19 Impact
  • Unlicensed Spectrum
  • Edge Computing
  • Changes from Prior Forecast

Market Definition

  • Internet of Things
  • IDC's Internet of Things Technology Categories


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