TECH SUPPLIER Jul 2020 - Market Forecast - Doc # META46632720

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

By: Hyder AftabSenior Research Analyst, Jawad KhalilProgram Manager – Telcom and IoT, Saudi Arabia, IDC, Tolga YalcinProgram Manager, Telecoms & Networking, Saudi Arabia

Abstract

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


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