Saudi Arabia IIoT Platform Market, By Platform Type (Device Management Platform, Application Management Platform, and Connectivity Management Platform), By Application Area (Predictive Maintenance, Business Process Optimization, Asset Tracking & Management, Logistics & Supply Chain Management, and Others), By End User Vertical (Manufacturing, Energy, Healthcare, Metals & Mining, Retail, and Others), By Region, Competition Forecast & Opportunities, 2028

  • Industry : ICT
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Saudi Arabia IIoT Platform Market is anticipated to grow at a high CAGR in the forecast period of 2024-2028. The industrial Internet of Things (IIoT) refers to the integration of internet of things (IoT) with industrial and manufacturing establishments. An advanced integration of information technology (IT) and operational technology (OT) is accomplished in IoTs. This integration provides industrial capabilities such as machine-to-machine (M2M) communication, big data, machine learning, automation, and optimization services. In addition to improved visibility of the supply chain and logistics operations, IoTs provide machine-to-machine (M2M) communication, big data, machine learning, automation, and optimization services. There are promising prospects for the growth of the industrial IoT market, in addition to the expansion of data centers and the predictive maintenance industry. However, lack of standardization and high operating and capital costs can hinder its development.

For the upcoming years, technological advancements in the developing countries combined with the emergence of big data analytics stimulating the growth of the industrial internet of things (IIoT) platform market. Furthermore, the development of industry-specific platforms in developed regions, as well as an increase in demand from the healthcare industry, is likely to fuel the growth of the IIoT platform market. Technological factors play a major role in the IIoT platform market. Advancements in artificial intelligence, machine learning, and the Internet of Things have enabled the development of innovative IIoT solutions. Furthermore, the availability of high-speed internet and the development of cloud computing have enabled the widespread adoption of IIoT solutions.

The Rapid Adoption of Artificial Intelligence (AI) and the Internet of Things (IoT) in the Manufacturing Sector is Driving the Market in the Forecast Period

The manufacturing sector has been advancing rapidly in its use of AI and IoT. Through integrating AI and IoT, manufacturing processes can be optimized, early warnings can be sent, quality control can be improved, and equipment failure can be predicted. Manufacturers can differentiate themselves from their competitors by collecting precise data and developing innovative AI applications. In 2020, the manufacturing sector faced a difficult period of testing due to the COVID-19 pandemic. Manufacturing processes had to be improvised due to movement restrictions, lockdowns, and a lack of a workforce. A result of this was an increase in IoT and AI usage in manufacturing. In the absence of a regular workforce, artificial intelligence (AI) and machine learning algorithms were used by manufacturing units to track machine conditions and maintain equipment. Using machine learning, Nokia, for example, notified workers in real-time when their procedures were inconsistent. In another example, Wipro enabled a 15% cost savings for a heavy equipment manufacturer by utilizing asset intelligence.

Self-driving Cars are on the Horizon are Fueling the Market Growth

The automotive industry will undergo a rapid revolution with the advent of autonomous or self-driven trucks and passenger cars in future. Approximately 1.3 million people die every year as a result of traffic accidents, primarily caused by truck accidents on the highways. Internet of Things (IoT) platforms will be used to develop automated and semi-autonomous trucks and other vehicles that will be able to communicate with each other via data collection and cloud storage. With 2.1 million electric cars sold worldwide in 2019, the number of electric cars on the market rose to 7.2 million. According to a new report from the United Nations Economic Commission for Europe (UNESE), self-driving vehicles can enhance comfort, safety, and efficiency while reducing environmental impacts. This is expected to result in the creation of a market for autonomous trucks and other vehicles on an IIoT platform.


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Market Segments

The Saudi Arabia IIoT Platform market is segmented into platform type, application area, end user vertical and region. Based on platform type, the market is divided into device management platform, application management platform, and connectivity management platform. Based on application area, the market is categorized into predictive maintenance, business process optimization, asset tracking & management, logistics & supply chain management, and others. Based on end user vertical, the market is segregated into manufacturing, energy, healthcare, metals & mining, retail, and others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Western Region, Northern & Central Region, Eastern Region, and Southern Region.

 

Market Players

Major market players of Saudi Arabia IIoT Platform Market are IBM Middle East - FZ LLC, Microsoft Corporation, Cisco - Middle East, Saudi Arabia- Intel, SAP MENA, Siemens Saudi Arabia, Oracle Saudi Arabia, Schneider Electric Saudi Arabia, Hitachi T&D Systems Saudi Arabia, Saudi Arabia - Hewlett Packard Enterprise (HPE). To achieve good market growth, businesses that are active in the market employ organic tactics such product launches, mergers, and partnerships.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

By Platform Type

By Application Area

By End User Vertical

Region

Regional scope

Western Region, Northern & Central Region, Eastern Region, Southern Region

Key companies profiled

IBM Middle East - FZ LLC, Microsoft Corporation, Cisco - Middle East, Saudi Arabia- Intel, SAP MENA, Siemens Saudi Arabia, Oracle Saudi Arabia, Schneider Electric Saudi Arabia, Hitachi T&D Systems Saudi Arabia, Saudi Arabia - Hewlett Packard Enterprise (HPE)

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, Saudi Arabia IIoT Platform Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  •         Saudi Arabia IIoT Platform Market, By Platform Type

o   Management Platform

o   Application Management Platform

o   Connectivity Management Platform

  •         Saudi Arabia IIoT Platform Market, By Application Area

o   Predictive Maintenance

o   Business Process Optimization

o   Asset Tracking & Management

o   Logistics & Supply Chain Management

o   Others

  •         Saudi Arabia IIoT Platform Market, By End User Vertical

o   Manufacturing

o   Energy

o   Healthcare

o   Metals & Mining

o   Retail

o   Others

  •         Saudi Arabia IIoT Platform Market, By Region:

o   Western Region

o   Northern & Central Region

o   Eastern Region

o   Southern Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia IIoT Platform Market

Available Customizations:

Saudi Arabia IIoT Platform Market with the given market data, Tech Sci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Saudi Arabia IIoT Platform Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Service Overview

2.    Research Methodology

3.    Impact of COVID-19 on Saudi Arabia IIoT Platform Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Considered while Selecting Vendor

5.3.  Major Challenges Faced

5.4.  Technological Awareness

5.5.  Frequency of Usage of IIoT Platform

6.    Saudi Arabia IIoT Platform Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Platform Type (Device Management Platform, Application Management Platform and Connectivity Management Platform)

6.2.2.    By Application Area (Predictive Maintenance, Business Process Optimization, Asset Tracking & Management, Logistics & Supply Chain Management and Others)

6.2.3.    By End User Vertical (Manufacturing, Energy, Healthcare, Metals & Mining, Retail, Others)

6.2.4.    By Region (Western Region, Northern & Central Region, Eastern Region, Southern Region)

6.2.5.    By Company (2022)

6.3.  Market Map

7.    Saudi Arabia Western Region IIoT Platform Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Platform Type

7.2.2.    By Application Area

7.2.3.    By End User Vertical

8.    Saudi Arabia Northern & Central Region IIoT Platform Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Platform Type

8.2.2.    By Application Area

8.2.3.    By End User Vertical

9.    Saudi Arabia Southern Region IIoT Platform Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Platform Type

9.2.2.    By Application Area

9.2.3.    By End User Vertical

10. Saudi Arabia Eastern Region IIoT Platform Market Outlook

10.1.               Market Size & Forecast

10.1.1. By Value

10.2.               Market Share & Forecast

10.2.1. By Platform Type

10.2.2. By Application Area

10.2.3. By End User Vertical

11. Market Dynamics

11.1.               Drivers

11.1.1. An increase in the adoption of cloud-based deployment models

11.1.2. Decreasing operating costs

11.1.3. Surge In Predictive Maintenance

11.2.               Challenges

11.2.1. Data Security Issues

11.2.2. Insufficient IT infrastructure

12. Market Trends & Developments

12.1.  Increase in Tech-savvy Workforce

12.2.  Rise In Technological Development

12.3.  Government Initiatives

12.4.  Growth in adoption of cloud-based deployment model

12.5.  Adoption of 5G Across Industries

13. Policy & Regulatory Landscape

14. Saudi Arabia Economic Profile

15. Company Profiles

15.1.           Competition Outlook                                                                                  

15.2.           Company Profiles

15.2.1. Business Overview

15.2.2. Key Revenue and Financials (If available)

15.2.3. Recent Developments

15.2.4. Key Personnel

15.2.5. Key Product/Services Offered

15.3.           Global Players Profiled (Leading Companies)

15.3.1. IBM Middle East - FZ LLC

15.3.2. Microsoft Corporation

15.3.3. Cisco - Middle East

15.3.4. Saudi Arabia- Intel

15.3.5. SAP MENA

15.3.6. Siemens Saudi Arabia

15.3.7. Oracle Saudi Arabia

15.3.8. Schneider Electric Saudi Arabia

15.3.9. Hitachi T&D Systems Saudi Arabia

15.3.10. Saudi Arabia - Hewlett Packard Enterprise (HPE)

16. Strategic Recommendations

16.1.               Key Focus on Dominating Application Area

16.2.               Fastest Growing End User Vertical

16.3.               Market Dominance by Region

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Key market players are IBM Middle East - FZ LLC, Microsoft Corporation, Cisco - Middle East, Saudi Arabia- Intel, SAP MENA, Siemens Saudi Arabia, Oracle Saudi Arabia, Schneider Electric Saudi Arabia, Hitachi T&D Systems Saudi Arabia, Saudi Arabia - Hewlett Packard Enterprise (HPE).

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The Application Management Platform is the fastest growing platform type for Saudi Arabia IIoT Platform Market in 2022 due to the ease in the management of various applications including packing, deployment and containerized Software-Defined Environment (SDE).

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Asia-Pacific is the fastest-growing region in the IIoT Platform market due to developing IT industry and government initiative.

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An increase in the adoption of cloud-based deployment models along with the decreasing operating costs and surge In Predictive Maintenance are the driving factors for the Saudi Arabia IIoT Platform Market.

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Sakshi Bajaal

Business Consultant
Press Release

Saudi Arabia IIoT Platform Market is growing due to the Utilization of Cloud Computing in Large-Scale Industrial IoT solutions

Feb, 2023

Growing adoption of automated machinery, robotics, and intelligent platforms is driving the IIoT market in the forecast period 2024- 2028 across Saudi Arabia.

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