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UAE IOT Market Size, Share, Trends Analysis & Industry Report, 2020-2027 – X herald

UAE IOT Market:

Growth opportunities in the UAE IOT Market look promising over the next six years. This is mainly due to the rising government initiative and investment to build smart cities, growing penetration of cloud-platform, technological advancement, the high demand for machine intelligence, and the strong adoption of several wearable technology applications.

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UAE IOT Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The strong adoption of IoT technology in several application areas, such as smart manufacturing, transportation, smart cities, logistics, etc., is a key driver contributing to the growth of the UAE IoT market. Moreover, owing to the rising government initiative and investment to build smart cities will further surge the growth of the market. For example, in Oct 2018, the pilot phase of the five-year plan for Artificial Intelligence and Smart Cities introduced by the Department of Urban Planning and Municipalities in Abu Dhabi. Dubai Expo 2020 is predicted to surge the development of the smart city in UAE will also offer a proving ground to execute IoT devices to collect information. In addition to this, the growing penetration of cloud-platform, technological advancement, the high demand for machine intelligence, and the strong adoption of several wearable technology applications will propel the market growth in UAE. On the other hand, the factors hindering the growth of the UAE IoT market include privacy concerns and data security.

Software Segment Drivers

Based on software, the security solution is predicted to rise at a higher CAGR in the coming years due to data security by data confidentiality, preventing data integrity, and allowing IoT infrastructures free from cybersecurity risks. IoT-enabled security solutions increase security by enabling the usage of security and access control systems that depend on voice printing, facial recognition, among others. IoT based security solution provides benefits like decreases cybercrime, better data authentication process, and data encryption.

Node Component Segment Drivers

Based on the node component, the sensor is projected to rise at a higher CAGR in the coming years as it is an essential part of the IoT and contains RF modules, energy modules, sensing modules, and power management modules. The sensing modules act as an important part of sensing through the assorted device and passive measurement devices. The RF modules handle the communications by Bluetooth, processing signal, Wi-Fi, and others.

Platform Segment Drivers

Based on the platform, device management is projected to dominate the market in the coming years as it offers properties like configuring, authenticating, provisioning, monitoring, and maintaining the software and device firmware and device firmware that increases its functional capabilities. In addition to this, IoT device management is important in connectivity, creating and retaining the health and security of IoT devices.

To Know More About UAE IOT Market

UAE IOT Market’s leading Manufacturers:

  • AT&T, Inc
  • ZTE Corporation
  • Intel Corporation
  • IBM Corporation
  • Huawei Technologies Co., Ltd.
  • Oracle Corporation
  • Google LLC
  • GSM Association
  • Cisco Systems, Inc
  • Amazon Web Services, Inc.
  • Honeywell International Inc.
  • BOE Technology Group Co., Ltd.

UAE IOT Market Segmentation:

Segmentation by Component:

  • Software
  • Services
  • Platform

Segmentation by Software:

  • Real Time Streaming Analytics
  • Security Solution
    • Identity Access Management
    • Data Encryption and Tokenization
    • Secure Communications
    • Distributed Denial of Service Protection
    • Others
  • Data Management
    • Customer Data
    • Product Data
    • Supplier Data
    • Location Data
    • Asset Data
  • Remote Monitoring Systems
  • Network bandwidth management
    • Standalone Network Management
    • Bundled Network Management

Segmentation by Service:

  • Professional service
    • Deployment and Integration
    • Support and Maintenance
    • Consulting Service
  • Managed Service

Segmentation by Platform:

  • Device Management
  • Application Management
  • Network Management
  • Cloud Platform

Segmentation by Node Component:

  • Processor
  • Sensor
  • Connectivity IC

Segmentation by Network Infrastructure:

  • Server
  • Storage
  • Ethernet Switch and Routing
  • Gateway

Segmentation by Application:

  • Building and Automation
  • Smart Energy and Utilities
  • Smart Manufacturing
  • Connected Logistics
  • Smart Retail
  • Connected Healthcare
  • Smart Mobility and Transportation
  • Government and Defense
  • Agriculture
  • Banking and Financial Services
  • Others

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company’s large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird’s eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

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