Saudi Arabia IoT in Manufacturing Market Research Report Forecast to 2025
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.
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 forecast the market size of Saudi Arabia IoT in Manufacturing market, in terms of value.
• To classify and forecast Saudi Arabia IoT in Manufacturing market based on component, application area, vertical market and regional distribution.
• To identify drivers and challenges for Saudi Arabia IoT in Manufacturing market.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., in Saudi Arabia IoT in Manufacturing market.
• To identify and analyze the profile of leading players involved in the solutions and services of Saudi Arabia IoT in Manufacturing market.
Browse our full report with Table of Content : http://www.marketreportsonsaudiarabia.com/marketreports/saudi-arabia-iot-in-manufacturing-market-by-component-solutions-platforms-and-services-by-application-area-predict/1975608
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Last Update : Jun 16, 2020 3:54 AM
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