Saudi Arabia IoT in Manufacturing Market: Growth and Trend with Forecasts 2025
Posted by Masud Khan on February 7th, 2020
Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Saudi Arabia IoT in Manufacturing Market, By Component (Solutions, Platforms and Services), By Application Area (Predictive Maintenance, Business Process Optimization, etc.), By Vertical (Energy & Utilities, Automotive, Food & Beverages, Aerospace & Defence, etc.) By Company, Competition, Forecast & Opportunities, 2025”under Information Technology category. The IoT in Manufacturing Market is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Saudi Arabia IoT in Manufacturing Market is expected to grow at a robust CAGR of 27% until 2025, owing to the rising volume of data generated through big data analysis and business intelligence leading to collecting data that can optimise overall production systems and processes. Moreover, digital transformations in manufacturing due to new technologies such as IoT, Artificial Intelligence and emergence of intelligent factories with machine-to-machine communications will drive the growth of the market. Based on components of the IoT in Manufacturing market, the services segment is expected to lead the market due to the application of managed services in deploying IoT based on consumer preferences. Based on the vertical, the energy and utilities segment is anticipated to hold the largest market share owing to applications like process optimization, plant automation, etc.
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Major Players operating in Saudi Arabia IoT in manufacturing market include Saudi Business Machines Ltd. (SBM), Zain KSA, Etihad Etisalat Co. (Mobily), Saudi Telecom Company (STC), MachinesTalk, Cisco Saudi Arabia, Siemens KSA and others. Major companies are launching new services and solutions in order to stay competitive in the market.
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Objective of the Study:
This Report performed both primary as well as exhaustive secondary research for this study. Initially, sourced a list of manufacturers across the globe. Subsequently, conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Report could include the service providers which could not be identified due to the limitations of secondary research. analyzed the product types, distribution channels and presence of all major players across the country.
The market size of Saudi Arabia IoT in Manufacturing market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. This Report 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.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as solution and service vendors, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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About the AuthorMasud Khan
Joined: October 15th, 2019
Articles Posted: 190
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