ICT Industry Reports

Adoption of new technologies, increased demand for real-time data collection through sensors, and analysis through cognitive computing, are aiding industries to drive the growth of Saudi Arabia Internet of Things (IoT) Market through 2027. According to TechSci Research report,  “ Saudi Arabia Internet of Things (IoT) Market - By Region, Competition Forecast and Opportunities, 2017-2027 ” , The Saudi Arabia Internet of Things (IoT) Market was valued at USD2016.86 million in 2021 and is expected to grow at a CAGR of 17.67% during the forecast period owing to the increasing adoption of artificial intelligence and machine learning technology, increased usage of connectivity technologies of different ranges, uplifting sensors and blockchain applications in different end use industries across the country. Technological advancement across the manufacturing and transport and logistics sectors are further propelling the market. However, concerns related to data security, privacy ...