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With the Middle East’s IoT market growth outpacing the global average, the region’s IoT hardware and services revenues will reach nearly $2 billion in 2015, according to Deloitte
With the Middle East’s IoT market growth outpacing the global average, the region’s IoT hardware and services revenues will reach nearly $2 billion in 2015, according to Deloitte
With the Middle East’s IoT market growth outpacing the global average, the region’s IoT hardware and services revenues will reach nearly $2 billion in 2015, according to Deloitte

New research conducted by the International Data Corporation (IDC) indicates that the popularity of Internet of Things applications are growing across Saudi organisations, driven by the increasing number of IoT offerings from telecoms companies and system integrators.

Security and monitoring, smart grid, and smart traffic are some of the emerging applications expected to become more widespread across the kingdom over the next few years.

Tolga Yalcin, senior research analyst for telecommunications and networking at IDC Saudi Arabia, said: “Organisations across a number of verticals in Saudi Arabia are intensifying their efforts to implement the latest ICT solutions in a bid to improve operational efficiencies and enhance the customer/citizen services they provide.

“At the same time, the share of M2M and Internet of Things applications within the ICT ecosystem is growing. While most of the applications are essentially M2M based, IoT solutions are increasingly being applied, particularly in Smart City projects.”

Aiding Internet of Things development in Saudi Arabia, is the fixed and mobile infrastructure across the country, enabling telecoms companies to offer M2M/IoT services.

Adopting an aggressive Internet of Things approach

Yalcin added: "Saudi Arabia is generally a follower, rather than an initiator, in the adoption of new technologies and smart ICT solutions.

“However, the country is still in the early stages of economic diversification and private sector development, in the futire, more opportunities will arise to deploy smart solutions as part of ongoing infrastructure projects."

He concluded by saying that the IDC recommends that telcos in the country should pioneer smart project initiatives and drive the development of new solutions.

“Saudi telcos should not be overly cautious in their approach. They should be proactive in capturing opportunities by driving market development and building end-to-end solutions, rather than restricting themselves solely to providing connectivity,” said the analyst.