Report Description

            Saudi Arabia IoT in Manufacturing Market is anticipated to grow at a robust pace during the forecast period, 2024-2028. The Internet of Things (IoT) has been rapidly transforming the manufacturing industry in Saudi Arabia, with the adoption of IoT solutions helping manufacturers to increase efficiency, optimize operations, and reduce costs. The growth is being driven by factors such as the increasing adoption of Industry 4.0 technologies, the rise in demand for industrial automation, and the growing need for real-time data analytics and predictive maintenance.

              One of the key applications of IoT in manufacturing is predictive maintenance. IoT sensors and devices can be used to monitor equipment and detect potential failures before they occur, enabling manufacturers to perform maintenance and repairs proactively, rather than reactively. This can help to reduce downtime, increase productivity, and extend the lifespan of equipment.

                Another application of IoT in manufacturing is asset tracking and inventory management. IoT devices can be used to track the location and status of assets, as well as monitor inventory levels in real-time. This can help manufacturers to optimize their supply chain and reduce waste, while also improving accuracy and efficiency.

                  IoT can also be used to improve quality control and product traceability. IoT sensors can be integrated into manufacturing processes to monitor product quality and detect defects in real-time. This can help manufacturers to identify and address quality issues more quickly, reducing the risk of product recalls and improving customer satisfaction.

                  In conclusion, the IoT is playing an increasingly important role in the manufacturing industry in Saudi Arabia, with its potential to improve efficiency, reduce costs, and drive innovation. As more manufacturers adopt IoT solutions, the market is expected to see continued growth and transformation in the coming years.Top of Form

                  Bottom of Form

                  Higher Adoption for Industrial Automation in Manufacturing in Saudi Arabia

                  The Saudi government has launched various initiatives to promote automation in the manufacturing industry. For instance, the Saudi Vision 2030 aims to increase the contribution of the manufacturing sector to the GDP and reduce the reliance on oil exports. The government has also established the National Industrial Development and Logistics Program (NIDLP) to promote the development of the manufacturing sector and encourage investment in automation technologies. Saudi Arabia has a large pool of young, educated, and technically skilled workers. With the availability of a skilled labor force, the implementation of automation technologies can be streamlined and cost-effective. The cost of labor is increasing in Saudi Arabia due to factors such as rising living costs and an increase in the minimum wage. This has made it more cost-effective for manufacturers to invest in automation technologies to reduce labor costs and increase efficiency. By adopting automation technologies, manufacturers in Saudi Arabia can improve their productivity, reduce errors, and increase their speed to market. This can help them gain a competitive advantage in the market. Consumers are increasingly demanding higher quality products at lower costs. Automation technologies can help manufacturers in Saudi Arabia meet these demands by improving the accuracy and consistency of their products while reducing production costs. In conclusion, with the government's initiatives, skilled labor force, rising labor costs, competitive advantage, and changing consumer preferences, the manufacturing industry in Saudi Arabia is well-positioned to adopt industrial automation technologies to improve productivity, reduce costs, and gain a competitive edge and hence contribute to the Saudi Arabia IoT in Manufacturing Market.

                  Investments in Industry 4.0 drives the IoT in manufacturing market in Saudi Arabia

                  The Kingdom of Saudi Arabia has identified Industry 4.0 as a key driver of economic growth and has taken steps to invest in and develop its digital infrastructure. IoT in manufacturing, which refers to the use of sensors and other connected devices to improve manufacturing processes, is particularly relevant in Saudi Arabia given its significance in manufacturing sector. The government has launched several initiatives to promote the adoption of IoT in manufacturing, including the Saudi IoT Initiative, which aims to encourage the use of IoT in various sectors, including manufacturing.

                  One of the key drivers of this investment is Saudi Arabia's Vision 2030 plan, which aims to diversify the economy away from its dependence on oil and create a thriving knowledge-based society. To achieve this goal, the government has identified Industry 4.0 technologies, such as IoT, as critical to transforming the manufacturing sector and boosting economic growth.

                  In line with this vision, several initiatives have been launched to promote investments in Industry 4.0 and IoT in manufacturing in Saudi Arabia. For example, the Saudi Arabian General Investment Authority (SAGIA) has established a specialized unit to attract investments in emerging technologies, including Industry 4.0 and IoT. The unit aims to facilitate investment in these technologies and support the development of a knowledge-based economy.

                  Another initiative is the creation of "smart factories" in the country. Smart factories use advanced technologies, such as IoT, artificial intelligence, and big data, to optimize production processes and increase efficiency. Saudi Arabia has launched several smart factory projects in collaboration with global technology companies, such as Siemens, to enhance the country's manufacturing capabilities and competitiveness.

                  Furthermore, the Saudi government has established several funding programs to support startups and small and medium-sized enterprises (SMEs) in the adoption of Industry 4.0 and IoT technologies. These programs offer financial support, mentorship, and access to specialized resources to help companies innovate and grow.

                  Overall, Saudi Arabia is making significant investments in Industry 4.0 and IoT in manufacturing, with the aim of transforming the country's economy and creating a more competitive, knowledge-based society. The initiatives launched by the government and the availability of funding and support for startups and SMEs make it an attractive destination for businesses looking to invest in emerging technologies.

                  Recent Developments

                    • In 2023, Siemens and DETASAD collaborated to reduce the time to market, help to guarantee data sovereignty and streamline the IoT solutions for governments and enterprises.

                      • In 2020, the Saudi Arabian government launched a new program that is designed to promote the adoption of IoT technology in the industrial sector. The program provides financial incentives to companies for the implementation of IoT solutions.


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                        Market Segmentation

                        Saudi Arabia IoT in Manufacturing market is segmented based on Component, Application Area, Vertical, Region and Competitive Landscape. Based on Component, the market is segmented into Solutions, Services and Platform. Based on Application Area, the market is segmented into Predictive Maintenance, Business Process Optimization, Asset Tracking & Management, Logistics & Supply Chain Management, Real-Time Workforce Tracking & Management, Automation Control & Management, Emergency & Incident Management, and Business Communication. Based on Vertical the market is segmented into Energy & Utilities, Automotive, Food & Beverages, Aerospace & Defense, Chemicals & Materials, High-Tech Products, Healthcare, Others

                        Market Players

                        Major market players in the Saudi Arabia IoT in Manufacturing market are IBM Saudi Arabia Pvt. Ltd., Etihad Etisalat Co. (Mobily), Saudi Telecom Company (STC), Zain KSA, Cisco Saudi Arabia, Siemens KSA, Saudi Oracle Ltd., Seidor, MachinesTalk, and General Electric Saudi Arabia.

                        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 2023E-2028F

                        Report coverage

                        Revenue forecast, company share, growth factors, and trends

                        Segments covered

                        By Component

                        By Application Area

                        By Vertical

                        By Region

                        Regional scope

                        Riyadh, Makkah, Eastern Province, Rest of Saudi Arabia

                        Key companies profiled

                        IBM Saudi Arabia Pvt. Ltd., Etihad Etisalat Co. (Mobily), Saudi Telecom Company (STC), Zain KSA, Cisco Saudi Arabia, Siemens KSA, Saudi Oracle Ltd., Seidor, MachinesTalk, and General Electric Saudi Arabia

                        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, the Saudi Arabia IoT in Manufacturing market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

                                    ·         Saudi Arabia IoT in Manufacturing Market, By Component:

                        o   Solutions

                        o   Services

                        o   Platforms

                                    ·         Saudi Arabia IoT in Manufacturing Market, By Application Area:

                        o   Predictive Maintenance

                        o   Business Process Optimization

                        o   Asset Tracking & Management

                        o   Logistics & Supply Chain Management

                        o   Real-Time Workforce Tracking & Management

                        o   Automation Control & Management

                        o   Emergency & Incident Management

                        o   Business Communication

                                    ·         Saudi Arabia IoT in Manufacturing Market, By Vertical:

                        o   Energy & Utilities

                        o   Automotive

                        o   Food & Beverages

                        o   Aerospace & Defense

                        o   Chemicals & Materials

                        o   High-Tech Products

                        o   Healthcare

                        o   Others

                                    ·         Saudi Arabia IoT in Manufacturing Market, By Region:

                        o   Riyadh

                        o   Makkah

                        o   Eastern Province

                        o   Rest of Saudi Arabia

                        Competitive Landscape

                        Company Profiles: Detailed analysis of the major companies present in the Saudi Arabia IoT in Manufacturing market.

                        Available Customizations:

                        With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

                        Company Information

                        The Saudi Arabia IoT in Manufacturing 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]

                        Detailed analysis and profiling of additional market players (up to five).

                        Table of content

                        1.    Service Overview

                        1.1.     Market Definition

                        1.2.     Scope of the Market

                        1.2.1.    Markets Covered

                        1.2.2.    Years Considered for Study

                        1.2.3.    Key Market Segmentations

                        2.    Research Methodology

                        2.1. Objective of the Study

                        2.2. Baseline Methodology

                        2.3. Key Industry Partners

                        2.4. Major Association and Secondary Sources

                        2.5. Forecasting Methodology

                        2.6. Data Triangulation & Validation

                        2.7. Assumptions and Limitations

                        3.    Executive Summary

                        4.    Voice of Customers

                        4.1.  Brand Awareness

                        4.2.  Factors Considered while Selecting Service Providers

                        4.3.  Key Satisfaction Level

                        4.4.  Major Challenges Faced

                        5.    Saudi Arabia IoT in Manufacturing Market Outlook

                        5.1.  Market Size & Forecast

                        5.1.1.    By Value

                        5.2.  Market Share & Forecast

                        5.2.1.    By Component (Solutions, Service, and Platform)

                        5.2.2.    By Application Area (Predictive Maintenance, Business Process Optimization, Asset Tracking & Management, Logistics & Supply Chain Management, Real-Time Workforce Tracking & Management, Automation Control & Management, Emergency & Incident Management, and Business Communication)

                        5.2.3.    By Vertical (Energy & Utilities, Automotive, Food & Beverages, Aerospace & Defense, Chemicals & Materials, High-Tech Products, Healthcare, Others)

                        5.2.4.    By Region

                        5.2.5.    By Company (2022)

                        5.3.  Market Map

                        5.3.1.    By Component

                        5.3.2.    By Application Area

                        5.3.3.    By Vertical

                        5.3.4.    By Region

                        6.    Riyadh IoT in Manufacturing Market Outlook

                        6.1.  Market Size & Forecast

                        6.1.1.    By Value

                        6.2.  Market Share & Forecast

                        6.2.1.    By Component

                        6.2.2.    By Application Area

                        6.2.3.    By Vertical

                        7.    Makkah IoT in Manufacturing Market Outlook

                        7.1.  Market Size & Forecast

                        7.1.1.    By Value

                        7.2.  Market Share & Forecast

                        7.2.1.    By Component

                        7.2.2.    By Application Area

                        7.2.3.    By Vertical

                        8.    Eastern Province IoT in Manufacturing Market Outlook

                        8.1.  Market Size & Forecast

                        8.1.1.    By Value

                        8.2.  Market Share & Forecast

                        8.2.1.    By Component

                        8.2.2.    By Application Area

                        8.2.3.    By Vertical

                        9.    Rest of Saudi Arabia IoT in Manufacturing Market Outlook

                        9.1.  Market Size & Forecast

                        9.1.1.    By Value

                        9.2.  Market Share & Forecast

                        9.2.1.    By Component

                        9.2.2.    By Application Area

                        9.2.3.    By Vertical

                        10. Market Dynamics

                        10.1. Drivers

                        10.1.1. Rising Demand for Industrial Automation in Manufacturing

                        10.1.2. Growing Investments toward Industry 4.0

                        10.1.3. Growing Need to Improve Productivity and Efficiency

                        10.2. Challenges

                        10.2.1. Issues Related to Data Security and Privacy in IoT

                        10.2.2. High Initial Investment

                        11. Market Trends & Developments

                        11.1.   Emerging 5G Technology to Help in IoT Adoption

                        11.2.   Smart Manufacturing Initiatives

                        11.3.   Government Initiatives

                        11.4.   Adoption of cloud-based solutions

                        11.5.   Growing adoption of IoT in supply chain

                        12. Impact of COVID-19 on Saudi Arabia IoT in Manufacturing Market

                        13. Policy & Regulatory Landscape

                        14. Saudi Arabia Economic Profile

                        15. Company Profiles

                        15.1.             IBM Saudi Arabia Pvt. Ltd.

                        15.1.1. Business Overview

                        15.1.2. Key Revenue and Financials

                        15.1.3. Recent Developments

                        15.1.4. Key Personnel

                        15.1.5. Key Product/Services

                        15.2.             Etihad Etisalat Co. (Mobily)

                        15.2.1. Business Overview

                        15.2.2. Key Revenue and Financials

                        15.2.3. Recent Developments

                        15.2.4. Key Personnel

                        15.2.5. Key Product/Services

                        15.3.             Saudi Telecom Company (STC)

                        15.3.1. Business Overview

                        15.3.2. Key Revenue and Financials

                        15.3.3. Recent Developments

                        15.3.4. Key Personnel

                        15.3.5. Key Product/Services

                        15.4.             Zain KSA

                        15.4.1. Business Overview

                        15.4.2. Key Revenue and Financials

                        15.4.3. Recent Developments

                        15.4.4. Key Personnel

                        15.4.5. Key Product/Services

                        15.5.             Cisco Saudi Arabia

                        15.5.1. Business Overview

                        15.5.2. Key Revenue and Financials

                        15.5.3. Recent Developments

                        15.5.4. Key Personnel

                        15.5.5. Key Product/Services

                        15.6.             Siemens KSA

                        15.6.1. Business Overview

                        15.6.2. Key Revenue and Financials

                        15.6.3. Recent Developments

                        15.6.4. Key Personnel

                        15.6.5. Key Product/Services

                        15.7.             Saudi Oracle Ltd.

                        15.7.1. Business Overview

                        15.7.2. Key Revenue and Financials

                        15.7.3. Recent Developments

                        15.7.4. Key Personnel

                        15.7.5. Key Product/Services

                        15.8.             Seidor

                        15.8.1. Business Overview

                        15.8.2. Key Revenue and Financials

                        15.8.3. Recent Developments

                        15.8.4. Key Personnel

                        15.8.5. Key Product/Services

                        15.9.             MachinesTalk

                        15.9.1. Business Overview

                        15.9.2. Key Revenue and Financials

                        15.9.3. Recent Developments

                        15.9.4. Key Personnel

                        15.9.5. Key Product/Services

                        15.10.          General Electric Saudi Arabia

                        15.10.1.              Business Overview

                        15.10.2.              Key Revenue and Financials

                        15.10.3.              Recent Developments

                        15.10.4.              Key Personnel

                        15.10.5.              Key Product/Services

                        16. Strategic Recommendations

                        16.1.   Fastest Growing Market by Vertical

                        16.2.   Fastest Growing Market by Application area

                        16.3.   Dominating Market by Region

                        16.4.   Growing Technologies

                        17. About Us & Disclaimer

                        (Note: The companies list can be customized based on the client requirements.)

                        Figures and Tables

                        Frequently asked questions

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                        The Internet of Things (IoT) is expected to have a significant impact on the future of manufacturing in Saudi Arabia. IoT technologies can help improve efficiency, productivity, and competitiveness in the manufacturing sector, by enabling real-time monitoring, automation, and data analysis.

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                        Saudi Arabia has recently enacted regulations related to the Internet of Things (IoT) in the manufacturing sector, to ensure the safe and secure use of IoT technologies. Manufacturers are required to meet these regulations when deploying IoT solutions in the manufacturing sector, and to demonstrate compliance through regular audits and inspections. Non-compliance with these regulations can result in fines or other penalties.

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                        Some of the advantages of IoT in manufacturing are increased efficiency, improved quality control, enhanced worker safety, improved supply chain management, predictive maintenance and improved decision making.

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                        IBM Saudi Arabia Pvt. Ltd., Etihad Etisalat Co. (Mobily), Saudi Telecom Company (STC), Zain KSA, Cisco Saudi Arabia, Siemens KSA, Saudi Oracle Ltd., Seidor, MachinesTalk, and General Electric Saudi Arabia are the main market players in the Saudi Arabia IoT in Manufacturing Market.

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                        Sakshi Bajaal

                        Business Consultant
                        Press Release

                        Saudi Arabia IoT in Manufacturing Market to be Driven by Smart Manufacturing Initiatives by 2028

                        Jun, 2023

                        Government initiatives are expected to increase the adoption rate of IoT in manufacturing, during the forecast period of 2024-2028.