The Surging Demand for Saudi Arabia IoT Device Market

Mark01 Jul, 2024Business

People's reliance on technology is growing every day. Recently, there have been rapid developments in technological advancement, including IoT. People commonly use IoT devices such as smart watches and other devices. This also happens in Saudi Arabia. Popularity among the populace is growing for this cutting-edge technology. A research firm, GMI Research, noted in their Saudi Arabia IoT device market forecast that the market would see a remarkable growth over the coming years. Leading players in the Saudi Arabia IoT device market include ORBCOMM, IBM Corporation, Oracle Corporation, Nokia, among other top market players. The market is segmented by application into building and automation, smart energy and utilities, smart manufacturing, agriculture, banking and financial services, government and defence, and others. Meanwhile, by component, the market is segmented into processor, sensor, and connected IC.