UAE IoT Market Research Report
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.
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
o
Identity
Access Management
o
Data
Encryption and Tokenization
o
Secure
Communications
o
Distributed Denial of Service Protection
o
Others
·
Data Management
o
Customer
Data
o
Product
Data
o
Supplier
Data
o
Location
Data
o
Asset
Data
·
Remote Monitoring Systems
·
Network bandwidth management
o
Standalone Network Management
o
Bundled
Network Management
Segmentation
by Service:
·
Professional service
o
Deployment and Integration
o
Support
and Maintenance
o
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
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