As per MRFR analysis, the GCC Internet of Everything Market Size was estimated at 11.04 (USD Billion) in 2023.The GCC Internet of Everything Market is expected to grow from 14.5(USD Billion) in 2024 to 28.1 (USD Billion) by 2035. The GCC Internet of Everything Market CAGR (growth rate) is expected to be around 6.199% during the forecast period (2025 - 2035).
Key GCC Internet of Everything Market Trends Highlighted
In the GCC region, there has been a notable surge in the Internet of Everything (IoE) market, driven by various key market drivers. One of the primary drivers is the significant push for digital transformation by governmental initiatives aimed at enhancing connectivity and fostering innovation. Countries like the UAE and Saudi Arabia have implemented comprehensive national strategies to boost smart city projects, IoT investments, and overall technology adoption.
The increasing penetration of mobile devices and internet connectivity also contributes to this trend, enabling consumers and businesses to leverage IoE solutions effectively. Opportunities in the GCC Internet of Everything market are vast, particularly in sectors like healthcare, transportation, and energy.There has been an increase in telemedicine and remote monitoring in the healthcare field because of the work of both public and private organizations to make healthcare better.
Smart transportation projects are also getting a lot of attention. These include smart traffic management systems and connected vehicles, which can help reduce traffic and make the roads safer. Cities are also looking into smart energy solutions that can make the use and distribution of power more efficient. Recent trends show that there is a growing focus on security and sustainability in IoE deployments. As governments and businesses become more aware of how their actions affect the environment, they are putting more effort into making smart solutions that save energy and cut down on waste.
Furthermore, with the rise of cyber threats, there is a heightened awareness surrounding the importance of securing IoE infrastructure, leading to investment in cybersecurity measures. This multi-faceted approach to the Internet of Everything ensures that the GCC is not only advancing technologically but also aligning its growth with global standards for security and sustainability.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
GCC Internet of Everything Market Drivers
Government Initiatives and Smart City Projects
The governments in the Gulf Cooperation Council (GCC) region are increasingly investing in smart city initiatives to drive economic diversification and enhance digital transformation. Reports indicate that the United Arab Emirates government has launched several smart city projects with a total budget exceeding 73 billion USD aimed at incorporating advanced technologies for improved public services and infrastructure.
These projects are primarily focused on leveraging the Internet of Everything, which integrates the Internet of Things, big data analytics, and artificial intelligence to enhance urban living.Moreover, the Saudi Vision 2030 plan significantly emphasizes technology and digital infrastructure to reduce reliance on oil, which possesses the potential to transform various sectors through the GCC Internet of Everything Market. As a direct result, urban areas are being transformed into connected ecosystems that increase efficiency and sustainability, thereby driving growth in the Internet of Everything sector.
Rapid Adoption of 5G Technology
The GCC region is on the brink of a telecommunications revolution with the rapid rollout and adoption of 5G technology. With mobile network operators such as STC in Saudi Arabia and Etisalat in the UAE actively investing in 5G infrastructure, the expectation is that over 50 percent of the total mobile connections in the GCC will be 5G by 2025.
This increases the speed and reliability of internet connections significantly, propelling the growth of the Internet of Everything Market by enabling numerous devices to connect simultaneously with minimal latency.The enhanced connectivity empowers industries ranging from healthcare to transportation, with an estimation of 26 billion connected devices projected globally by 2030, a substantial portion of which will be in the GCC.
Growing Demand for Enhanced Security Solutions
As the digital landscape expands, the demand for enhanced security solutions has surged alongside the growth of the Internet of Everything in the GCC region. Cybersecurity threats have increased significantly, with reports suggesting a 30% rise in cyberattacks targeting businesses in the GCC over the last two years.
As a direct response, companies and organizations like the Dubai Electronic Security Center are taking significant steps to implement stringent cybersecurity measures, thereby ensuring the protection of interconnected systems.This significant trend underscores the growing importance of secure Internet of Things devices and applications, fostering the growth of the GCC Internet of Everything Market as organizations look for comprehensive security solutions to safeguard their operations.
Internet of Everything Market Component Insights
The GCC Internet of Everything Market is characterized by a multifaceted Component segment, which plays a crucial role in the overall ecosystem, encompassing Hardware, Software/Platform, Connectivity, and Services. As governments across the Gulf Cooperation Council (GCC) region continue to promote digital transformation initiatives, the component segment is witnessing significant advancements. Hardware remains essential, driving innovation in device manufacturing and integration, supporting the Internet of Things ecosystem, and enhancing the overall user experience.
Emerging technologies in hardware, such as edge computing devices, are gaining traction as they allow for real-time data processing, reducing latency and improving decision-making in various sectors. Meanwhile, the Software and Platform category is pivotal as it enables seamless data integration and management, facilitating device interoperability across different applications in smart cities, healthcare, and transportation. The rise of cloud-based platforms has significantly contributed to the flexibility and scalability required by businesses, thus inspiring a growing number of startups and established enterprises to invest in application development.
Connectivity plays a vital role in the success of the Internet of Everything, with advancements in 5G technology paving the way for faster data transmission and greater device connectivity. The ability to interconnect countless devices without compromising on efficiency is a game-changer, driving innovation in industries such as automotive and logistics.
Services also contribute significantly to the market dynamics, offering essential support functions such as maintenance and consulting services, which ensure sustained performance and optimization of IoT systems. The emphasis on cybersecurity services is increasing, addressing growing concerns over data privacy and protection in an increasingly connected world. As GCC countries aim to diversify their economies, the demand for these components is expected to increase, contributing to the GCC Internet of Everything Market growth trajectory.
With real-time data applications and smart solutions becoming a priority, the development and effective application of these components are paramount to unlocking the full potential of the Internet of Everything in the region. In summary, the Component segment lays the foundational groundwork for innovative applications and services, reinforcing its importance within the broader GCC Internet of Everything Market framework.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Internet of Everything Market End User Industry Insights
The End User Industry segment of the GCC Internet of Everything Market plays a significant role in driving the overall growth of the region’s economy, with various sectors leveraging advanced connectivity and smart solutions. Manufacturing is increasingly automating processes through IoT technologies, enhancing productivity and operational efficiency. The Transportation sector benefits from real-time data analytics, which streamlines logistics and improves traffic management systems, leading to more efficient transportation networks.
In Healthcare, the integration of IoT devices and telemedicine solutions is transforming patient care by enabling remote monitoring and personalized treatments, a vital aspect in a region investing heavily in health infrastructure.Retailers in the GCC are adopting smart shelves and customer analytics to enhance customer experiences and operational efficiencies, responding to a growing e-commerce trend. Energy and Utilities are focusing on smart grid technologies to optimize energy distribution and substantially reduce costs.
The Residential sector is embracing smart home devices for enhanced security and energy management. The Government and BFSI sectors are prioritizing digital transformation for improved public services and secure transactions, respectively. Other industries are also evolving, showing a collective trend towards greater interconnectedness that fosters innovation across the GCC Internet of Everything Market landscape.
GCC Internet of Everything Market Key Players and Competitive Insights
The GCC Internet of Everything Market is experiencing rapid growth, fueled by the increasing interconnectivity and integration of devices and systems across various sectors. This market encompasses a wide range of technologies and applications, including smart cities, industrial automation, and advanced analytics. The competitive landscape is characterized by a mix of established multinational corporations and emerging local firms, all striving to capitalize on opportunities presented by the surge in demand for IoT solutions.
The market's dynamism is further heightened by the region's strategic initiatives aimed at fostering digital transformation, increasing efficiency, and enhancing customer experiences. Companies are vying for dominance through innovative technologies, strategic partnerships, and tailored service offerings specifically designed to meet the unique needs of GCC countries.In this context, SAP emerges as a formidable player within the GCC Internet of Everything Market, focusing on delivering integrated solutions that enhance operational effectiveness for businesses and public sector entities alike.
SAP's strengths lie in its robust software platforms that facilitate real-time data processing and analytics, allowing organizations to streamline operations and drive informed decision-making. The company has successfully established a significant market presence in the region by aligning its offerings with the digital transformation agendas of various GCC countries. The emphasis on leveraging big data and cloud computing solutions underlines SAP's commitment to empowering clients to achieve greater efficiency and innovation.
By offering tailored applications and support for IoT initiatives, SAP continues to bolster its competitive position while supporting industries such as manufacturing, logistics, and healthcare across the GCC.Etisalat Group represents another key player in the GCC Internet of Everything Market, focusing on enhancing connectivity and providing IoT solutions that cater to various industries. With a strong reputation for telecommunications excellence, Etisalat has committed itself to offering a diverse range of key products and services, including smart city solutions, integrated communication services, and cloud-based applications.
The company's market presence is bolstered by its vast network infrastructure and strategic partnerships with technology providers, enabling it to deliver comprehensive IoT solutions for both businesses and consumers. Furthermore, Etisalat has pursued strategic mergers and acquisitions to enhance its service portfolio and expand its market reach within the GCC region. This proactive approach not only underpins Etisalat's strengths in providing innovative IoT connectivity and insightful data analytics but also positions it favorably to meet the burgeoning demands of a rapidly evolving digital landscape.
Key Companies in the GCC Internet of Everything Market Include
GCC Internet of Everything Market Developments
The GCC Internet of Everything Market has seen multiple recent developments, particularly with major players such as SAP, Etisalat Group, and Abu Dhabi National Oil Company focusing on enhancing their IoT capabilities to drive digital transformation. In August 2023, Honeywell announced a partnership with Saudi Telecom Company to implement smart city solutions across urban areas in Saudi Arabia.
Meanwhile, Ooredoo launched a new IoT platform aimed at supporting smart agriculture and water management initiatives in Qatar, reflecting a strong push towards sustainable practices. In terms of mergers and acquisitions, in September 2023, Microsoft acquired a regional technology firm to bolster its cloud computing and IoT services in the Middle East, enhancing its presence in this rapidly evolving market.
The GCC's commitment to digital transformation and strategies like Saudi Vision 2030 are significantly driving growth, with substantial investments dedicated to smart infrastructure. Moreover, recent industry reports indicated that the market valuation of companies like Cisco Systems and General Electric is on an upward trend, further influencing collaborations and innovative solutions in the Internet of Everything landscape across the region.
GCC Internet of Everything Market Segmentation Insights
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 11.04(USD Billion) |
| MARKET SIZE 2024 | 14.5(USD Billion) |
| MARKET SIZE 2035 | 28.1(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 6.199% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | SAP, Etisalat Group, Abu Dhabi National Oil Company, Honeywell, Ooredoo, General Electric, Saudi Telecom Company, Dubai Electricity and Water Authority, Siemens, Qatar Telecom, Cisco Systems, STC Solutions, Microsoft, Oracle, IBM |
| SEGMENTS COVERED | Component, End User Industry |
| KEY MARKET OPPORTUNITIES | Smart city development initiatives, Healthcare IoT solutions, Industrial IoT applications, Enhanced consumer electronics connectivity, Agriculture technology innovations |
| KEY MARKET DYNAMICS | Rapid urbanization, Government support and initiatives, Rising digital transformation, Increased demand for automation, Growing cybersecurity concerns |
| COUNTRIES COVERED | GCC |
Frequently Asked Questions (FAQ) :
The projected market size of the GCC Internet of Everything Market in 2024 is expected to be valued at 14.5 USD Billion.
By 2035, the GCC Internet of Everything Market is anticipated to reach a value of 28.1 USD Billion.
The expected CAGR for the GCC Internet of Everything Market from 2025 to 2035 is 6.199%.
The Hardware segment is projected to dominate, growing from 5.8 USD Billion in 2024 to 11.5 USD Billion by 2035.
The Software/Platform segment is valued at 4.2 USD Billion in the GCC Internet of Everything Market for the year 2024.
The Connectivity segment is anticipated to reach a worth of 5.0 USD Billion by the year 2035.
Key players in the GCC Internet of Everything Market include SAP, Etisalat Group, Honeywell, Cisco Systems, and Microsoft.
The Services segment is projected to hold a value of 2.0 USD Billion in the GCC Internet of Everything Market for 2024.
Emerging trends and growth drivers include increased connectivity, demand for automation, and advancements in IoT technologies.
Challenges impacting the market include data security concerns, regulatory hurdles, and the need for skilled workforce.
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Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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