New York, July 03, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "UAE Internet of Things Market By Platform, By Component, By Application, By Company, By Region, Forecast & Opportunities, 2025" -
UAE internet of things (IoT) market is expected to grow at an impressive rate during the forecast period.The UAE internet of things (IoT) market is driven by the widespread adoption of IoT solutions across various enterprises, especially the SMEs.
IoT solutions help organizations increase their efficiency, improve their productivity, efficiently manage their resources while reducing their overall operational costs.These factors are expected to positively impact the growth through 2025.
Additionally, increasing adoption of big data and cloud based solutions is further expected to propel the market over the next few years.Furthermore, booming IT & Telecommunication industry is expected to fuel the market growth during the forecast period.
However, adhering to data security standards and norms can hinder the market growth during the forecast period. Also, migration of data from legacy systems pose a key challenge to the market growth.
With the sudden outbreak of pandemic COVID-19 disease, the world is affected, majority of the businesses are shut down and operations across different enterprises are also compromised.This has made organizations to work in a non-optimized manner because of which many organizations are looking for ways to improve their operational efficiencies, overall productivity and are looking for innovative ideas & solutions to improve the revenue.
Similarly, the IoT industry is also drastically affected by the pandemic.While the IoT networks remain unaffected the investment in consumer IoT devices has suddenly gone down.
This has increased the number of cyber attacks and threats of malwares, ransomwares and data breaches. This in turn is driving the overall cyber security and managed security services market.
The UAE internet of things (IoT) market is segmented based on platform, component, application, company, and region.Based on platform, the market can be categorized into device management, application management and network management.
The device management segment is expected to dominate the market since it helps organizations manage their applications and platforms efficiently.Additionally, it provides capabilities for device provisioning, remote access, configuration, software management, device monitoring, troubleshooting, among others.
Based on application, the market can be fragmented into consumer electronics, smart mobility & transportation, building & home automation, connected logistics, smart retail and others.The consumer electronics segment is expected to dominate the market during the forecast period.
This can be ascribed to the use of IoT for connecting different appliances and devices through internet and enables real time wireless communication with users.
The major players operating in the internet of things (IoT) market are Oracle United Arab Emirates,
Robert Bosch Middle East, Cognizant Technology Solutions, Microsoft Gulf FZ LLC, General Electric, Hewlett Packard Enterprise UAE, Intel UAE, IBM Middle East FZ LLC, Cisco Middle East (Cisco), UAE, SAP and others.Major companies are developing advanced technologies and launching new services to stay competitive in the market.
Other competitive strategies include mergers & acquisitions and new service developments.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the Study:
• To analyze and estimate the market size of UAE internet of things (IoT) market from 2015 to 2018.
• To estimate and forecast the market size of UAE internet of things (IoT) market from 2019 to 2025 and growth rate until 2025.
• To classify and forecast UAE internet of things (IoT) market based on platform, component, application, company, and regional distribution.
• To identify dominant region or segment in the UAE internet of things (IoT) market.
• To identify drivers and challenges for UAE internet of things (IoT) market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in UAE internet of things (IoT) market.
• To identify and analyze the profile of leading players operating in UAE internet of things (IoT) market.
• To identify key sustainable strategies adopted by market players in UAE internet of things (IoT) market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of service providers across the globe.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the service providers which could not be identified due to the limitations of secondary research. The analyst examined the service providers, distribution channels and presence of all major players across the globe.
The analyst calculated the market size of UAE internet of things (IoT) market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
• Internet of things (IoT) provider companies
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to internet of things (IoT)
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, UAE internet of things (IoT) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• UAE Internet of Things (IoT) Market, By Platform:
o Device Management
o Application Management
o Network Management
• UAE Internet of Things (IoT) Market, By Component:
• UAE Internet of Things (IoT) Market, By Application:
o Consumer Electronics
o Smart Mobility & Transportation
o Building & Home Automation
o Connected Logistics
o Smart Retail
• UAE Internet of Things (IoT) Market, By Region:
o Abu Dhabi
o Rest of UAE
Company Profiles: Detailed analysis of the major companies present in UAE internet of things (IoT) market.
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p05917047/?utm_source=GNW
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
Clare: email@example.com US: (339)-368-6001 Intl: +1 339-368-6001