The Internet of Things (IoT) is a collectionof interrelated computing devices, mechanical or virtual machines, objects, andindividuals that have unique identifiers (UIDs) and the ability to generate,exchange and consume data over a network without needing human-to-human or computer-to-computercommunication. IoT has developed from the convergence of wireless technologies,micro-electromechanical systems, microservices, and the internet. IoT enablescompanies to automate processes and minimize labor costs. Features like theability to access information at any time, enhancing communication betweendevices, automate a task that helps to improve quality and performance sue towhich it is widely adopting in every industry such as healthcare, finance,retail, manufacturing, and others.
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The major factors that are driving the growth of the Internet ofThings (IoT) market are the growing adoption of IoT technology in variousapplication areas, including smart cities, smart manufacturing, logistics,transportation, etc. In addition, due to increasing government initiative andinvestment to build smart cities is further fuelling market growth. ForInstance, in Oct 2018, the pilot phase of the five-year plan for Smart Citiesand Artificial Intelligence has launched by the Department of Urban Planningand Municipalities in Abu Dhabi. Dubai Expo 2020 is expected to fuel thedevelopment of the smart city in U.A.E. will also provide a proving ground toimplement IoT devices to collect information. Moreover, technologicaladvancement, increasing penetration of cloud-platform along with growing demandfor machine intelligence, and surging adoption of various wearable technologyapplications are accelerating the IoT market growth in U.A.E.. However, datasecurity and privacy concerns are restraining the IoT market growth in theU.A.E..
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Various notable players in the U.A.E. IoT marketinclude 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. and among others. Major players are focussing onthe acquisition, collaboration, and expansion to expand their global reach andbecome a market competitive.
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The U.A.E. IoT market has been segmentedbased on component, software, service, platform, node component, networkinfrastructure and application. Based on component, the market is segmentedinto software, services and platform. Based on the software, the market issegmented into real time streaming analytics, security solution, datamanagement, remote monitoring systems, network bandwidth management. Based onthe service, the market is segmented into professional service and managedservice. Based on the platform, the market is categorized into device management,application management, network management, and cloud platform. Based on nodecomponent, the market is segmented into processor, sensor, and connectivity IC.Based on network infrastructure, the market is segmented into server, storage,ethernet switch & routing, and gateway. Based on application size, themarket is segmented into building and automation, smart energy and utilities,smart manufacturing, connected logistics, smart retail, connected healthcare,smart mobility and transportation, government and defense, agriculture, bankingand financial services, and others.
Key questions answered in this research report:
• At what pace is the U.A.E. IoT marketgrowing? What will be a growing trend in the future?
• What are the key drivers and restraintsin the current market? What will be the impact of drivers and restraints in thefuture?
• What are the various applicationareas, and how they are poised to grow?
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