Saudi Arabia IoT in Manufacturing Market to Grow at 27% through 2025

Increasing use of business automation in manufacturing and other industrial processes coupled with rising focus towards 5G to drive Saudi Arabia IoT in Manufacturing market

According to TechSci Research report, “Saudi Arabia IoT in Manufacturing Market By Component, By Application Area, By Vertical, By Company, Competition, Forecast & Opportunities, 2025”, Saudi Arabia IoT in Manufacturing market is forecast to register a CAGR of 27% during the forecast period owing to increasing demand for connected devices and analytics, rising adoption of cloud computing services, etc. Increasing use of business automation in manufacturing is further fueling growth in the market and trend is expected to gain more traction over the course of next five years.

Services segment is the leading component in Saudi Arabia IoT in manufacturing market because of the growing momentum of cloud computing services in IoT coupled with the fact that IoT services enable management of entire IoT environment from consulting and training to integration. Moreover, growing number of connected devices is fuelling security risk related to the data being monitored, thereby boosting demand for services required to avoid any security breach within the network. Etihad Etisalat Co. (Mobily), Saudi Telecom Company (STC), Saudi Business Machines Ltd. (SBM), Zain KSA, CISCO Saudi Arabia, Siemens KSA, Saudi Oracle Ltd., CloudIoT Company, MachinesTalk, and General Electric Saudi Arabia are the leading players operating in Saudi Arabia IoT in manufacturing market.

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Asset Tracking and management is the leading application area segment in Saudi Arabia IoT in manufacturing market. Increasing adoption of IoT across different end user verticals in Saudi Arabia is resulting in rising need of asset tracking and management, especially for monitoring of asset health. In order to meet the dynamically changing demand from the end users, asset tracking and management is playing a crucial role in Saudi Arabia IoT in manufacturing market. Energy & Utilities vertical leads the IoT in manufacturing market in Saudi Arabia and is expected to continue its dominance over the forecast period on account of increasing integration of IoT for various applications such as asset tracking, process optimization, predictive maintenance, etc., which helps to reduce sudden machine failure.  

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“Saudi Arabia IoT in manufacturing market is growing rapidly on account of increasing demand for connected devices and analytics, coupled with rising adoption of cloud computing services. Additionally, Ministry of Communications and Information Technology in August 2019, announced to increase contribution of the country’s ICT sector in economy by over USD13 billion (SR50 billion) from around USD35 billion in 2019 over next five years as a part of Saudi Vision 2030.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Saudi Arabia IoT in Manufacturing Market By Component, By Application Area, By Vertical, By Company, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of Saudi Arabia IoT in manufacturing market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Saudi Arabia IoT in manufacturing market.

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