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.
Browse 27
market data Figures and Tables spread through 75 Pages and an in-depth TOC on "Saudi Arabia IoT in Manufacturing Market"
https://www.techsciresearch.com/report/saudi-arabia-iot-in-manufacturing-market/2052.html
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.
“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.
Download Free Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=2052
Customers can also request for 10% free customization on this report.
“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.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]