Abstract

This IDC Market Forecast provides an update on IDC’s IoT market outlook and five-year forecast for Saudi Arabia, based on the Worldwide Internet of Things Spending Guide (May 2022). In this study, IDC focuses on the major drivers and inhibitors of IoT market growth in the kingdom over the 2022–2026 forecast period, as well as significant recent changes in the market landscape. IDC further identifies the top verticals in terms of IoT spending, leading use cases, organizations’ planned IoT investments, and technology utilization related to IoT device connectivity.

“The pandemic underscored the need for digital transformation among organizations, making it an essential element for business continuity. IoT is an important component of many Saudi organizations’ transformation strategies, as it enables organizations to automate and optimize production processes and cut operational costs.” — Research Analyst Jawairia Asif, IoT and Telecom Services, IDC Saudi Arabia

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