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GCC Iot Monetization Market

ID: MRFR/ICT/62296-HCR
200 Pages
Aarti Dhapte
October 2025

GCC IoT Monetization Market Research Report By Component (Solutions, Services), By Organization Size (Large Enterprises, Small & Medium-Sized Enterprises), By Industry Vertical (Retail, IT & Telecom, Manufacturing, Transportation & Logistics, Healthcare, BFSI, Energy & Utilities, Others) and By Business Function (Marketing & Sales, IT, Finance, Supply Chain, Operations)- Forecast to 2035

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GCC Iot Monetization Market Summary

As per MRFR analysis, the GCC IoT Monetization Market Size was estimated at 11.48 USD Million in 2024. The GCC iot monetization market is projected to grow from 14.99 USD Million in 2025 to 216.42 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 30.6% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The GCC IoT monetization market is poised for substantial growth driven by innovative business models and technological advancements.

  • The emergence of subscription models is reshaping revenue streams in the GCC IoT monetization market.
  • Data analytics is becoming increasingly central to optimizing IoT solutions and enhancing customer experiences.
  • Smart city initiatives are integrating IoT technologies, fostering urban development and sustainability.
  • Rising demand for smart devices and government initiatives are key drivers propelling market expansion.

Market Size & Forecast

2024 Market Size 11.48 (USD Million)
2035 Market Size 216.42 (USD Million)

Major Players

IBM (US), Microsoft (US), Cisco (US), Amazon (US), SAP (DE), Siemens (DE), Oracle (US), GE (US), Honeywell (US)

GCC Iot Monetization Market Trends

The IoT monetization market is undergoing a transformative phase. This change is driven by the increasing integration of smart devices across various sectors.. In the GCC region, governments are actively promoting digital transformation initiatives, which are likely to enhance the adoption of IoT technologies. This shift appears to be fostering a conducive environment for businesses to explore innovative monetization strategies. As organizations leverage data generated from connected devices, new revenue streams may emerge, potentially reshaping traditional business models. Furthermore, the emphasis on sustainability and efficiency in resource management is prompting companies to invest in IoT solutions that can optimize operations and reduce costs. In addition, the growing consumer demand for smart home technologies and connected services is influencing the iot monetization market. As more households adopt IoT devices, service providers are likely to explore subscription-based models and value-added services. This trend suggests a shift towards recurring revenue models, which could provide businesses with stable income sources. Overall, the iot monetization market in the GCC is poised for growth, driven by technological advancements and changing consumer preferences, indicating a promising future for stakeholders in this space.

Emergence of Subscription Models

The IoT monetization market is experiencing a notable shift towards subscription-based revenue models.. Companies are increasingly offering services that allow consumers to access IoT solutions on a recurring basis. This trend appears to be driven by the desire for predictable revenue streams and enhanced customer engagement. As businesses adapt to this model, they may find opportunities to build long-term relationships with clients, fostering loyalty and satisfaction.

Focus on Data Analytics

Data analytics is becoming a cornerstone of the iot monetization market. Organizations are harnessing the vast amounts of data generated by connected devices to derive actionable insights. This focus on analytics seems to enhance decision-making processes and optimize operational efficiency. By leveraging data, companies can identify new monetization opportunities and tailor their offerings to meet specific customer needs.

Integration of Smart City Initiatives

The integration of smart city initiatives is significantly influencing the iot monetization market. Governments in the GCC are investing in infrastructure that supports IoT technologies, aiming to improve urban living conditions. This investment appears to create a fertile ground for businesses to develop innovative solutions that address urban challenges. As smart city projects expand, the potential for monetization through IoT applications is likely to grow.

GCC Iot Monetization Market Drivers

Growing Focus on Sustainability

The increasing emphasis on sustainability in the GCC is a significant driver for the IoT monetization market.. As governments and organizations strive to meet environmental goals, IoT solutions are being recognized for their potential to optimize resource usage and reduce waste. For example, smart energy management systems and waste management solutions are gaining traction, allowing businesses to monitor and manage their environmental impact effectively. This focus on sustainability not only aligns with global trends but also opens new avenues for monetization through eco-friendly services and products. Companies that can integrate sustainability into their IoT offerings are likely to find a competitive edge in the evolving market landscape, thereby enhancing the growth prospects of the iot monetization market.

Rising Demand for Smart Devices

The increasing adoption of smart devices across various sectors in the GCC drives the IoT monetization market.. As consumers and businesses alike embrace smart technologies, the need for effective monetization strategies becomes evident. In 2025, the number of connected devices in the region is projected to reach over 1 billion, indicating a substantial market opportunity. This surge in device connectivity necessitates innovative monetization models that can capitalize on the data generated by these devices. Companies are exploring diverse revenue streams, including subscription services and data analytics, to enhance profitability. The growing demand for smart home solutions, wearables, and industrial IoT applications further fuels this trend, suggesting that the iot monetization market will continue to expand as more devices come online.

Government Initiatives and Support

Government initiatives in the GCC are playing a crucial role in shaping the iot monetization market. Various national strategies aim to promote digital transformation and smart city projects, which inherently rely on IoT technologies. For instance, the UAE's Vision 2021 and Saudi Arabia's Vision 2030 emphasize the importance of technology in economic diversification. These initiatives are likely to create a conducive environment for businesses to innovate and monetize IoT solutions. Financial incentives, regulatory frameworks, and public-private partnerships are being established to support the growth of IoT ecosystems. As a result, the iot monetization market is expected to benefit from increased investment and collaboration, potentially leading to a more robust and dynamic market landscape.

Increased Investment in Cybersecurity

As the iot monetization market expands, the need for robust cybersecurity measures becomes increasingly critical. The rise in connected devices and data exchange raises concerns about data privacy and security breaches. In response, businesses in the GCC are investing heavily in cybersecurity solutions to protect their IoT infrastructures. This investment is likely to drive the development of secure IoT platforms and services, which can be monetized effectively. By ensuring data integrity and user trust, companies can enhance their value propositions and attract more customers. The focus on cybersecurity not only mitigates risks but also creates opportunities for new revenue streams in the iot monetization market, as organizations seek to offer secure and reliable IoT solutions.

Advancements in Connectivity Technologies

Rapid advancements in connectivity technologies, such as 5G and LPWAN, significantly impact the IoT monetization market.. These technologies enable faster data transmission and improved network reliability, which are essential for the effective functioning of IoT applications. In the GCC, the rollout of 5G networks is anticipated to enhance the capabilities of IoT devices, allowing for real-time data processing and analytics. This improved connectivity is likely to drive the adoption of IoT solutions across various industries, including healthcare, transportation, and manufacturing. As businesses leverage these technologies, the potential for monetization through enhanced services and data insights increases, suggesting a promising outlook for the iot monetization market.

Market Segment Insights

By Component: Solutions (Largest) vs. Services (Fastest-Growing)

In the GCC iot monetization market, Solutions make up the largest share, reflecting a significant demand for integrated offerings that enhance operational efficiencies. This segment is characterized by a variety of technological advancements that cater to different sectors, ensuring that businesses leverage IoT capabilities to their fullest potential. Conversely, Services are rapidly gaining traction, driven by an increasing reliance on expert knowledge and support in deploying IoT solutions effectively. The growth trends within the Component segment reveal that while Solutions dominate the market landscape, Services represent a dynamic and emerging area of opportunity. Factors driving this growth include the rising adoption of IoT technologies across various industries, the need for customization, and the demand for ongoing support and maintenance. As organizations seek to maximize their returns on IoT investments, the service component is poised to expand significantly, positioning it as a key player in the market.

Solutions (Dominant) vs. Services (Emerging)

Solutions in the GCC iot monetization market are currently the dominant segment, representing the backbone of IoT infrastructure. These solutions encompass a range of hardware and software that facilitate connectivity, data management, and analytics for diverse applications. Their stronghold is attributed to their ability to provide comprehensive, tailored solutions that meet specific business needs. On the other hand, Services are emerging as a critical growth area, emphasizing the importance of expertise in guiding companies through the complexities of IoT implementation. This includes consulting, installation, and maintenance services, which are becoming increasingly essential as organizations seek to enhance their operational efficiency and innovation capabilities.

By Organization Size: Large Enterprises (Largest) vs. Small & Medium-Sized Enterprises (Fastest-Growing)

In the GCC iot monetization market, the distribution of market share reveals that large enterprises hold a significant portion, benefiting from their greater resources and established infrastructure. Conversely, small and medium-sized enterprises (SMEs) have begun to carve out a niche, growing their share in the market as they adopt innovative IoT technologies tailored to their specific needs. This dynamic is indicative of a shifting landscape where both segments play crucial roles in driving IoT adoption. The growth trends in this segment are particularly interesting, as SMEs are emerging as the fastest-growing category, largely driven by increased digital transformation efforts and the need for agility in operations. These enterprises are increasingly leveraging IoT solutions to enhance efficiency and competitiveness. Large enterprises, while still leading in market share, are also innovating by integrating advanced IoT services into their operations, thus sustaining their dominance while addressing the growing demand from SMEs for tailored IoT solutions.

Large Enterprises (Dominant) vs. Small & Medium-Sized Enterprises (Emerging)

Large enterprises in the GCC iot monetization market are characterized by their substantial investments in technological infrastructure, enabling them to implement wide-ranging IoT solutions. These organizations typically possess the financial resources to invest in advanced analytics and integration, leading to significant operational efficiencies and improved decision-making capabilities. On the other hand, small and medium-sized enterprises are emerging as valuable players in this space, demonstrating remarkable growth through the adoption of more affordable, scalable IoT solutions. SMEs are particularly agile, allowing them to quickly adapt to market changes and innovate their service offerings. This contrasts with the more structured approaches of large enterprises, showcasing a vibrant interplay of competition and collaboration in the market.

By Industry Vertical: Retail (Largest) vs. Healthcare (Fastest-Growing)

The GCC iot monetization market has witnessed notable distribution in its industry vertical segment. Retail takes the lead, accounting for a substantial market share, indicating its pivotal role in adopting IoT solutions for operational efficiency and consumer engagement. Following closely are the IT & Telecom and Manufacturing sectors, which also show significant contributions towards monetization strategies through advanced technologies. Other sectors such as Transportation & Logistics and BFSI are gradually increasing their presence as well. The growth trends in the industry vertical indicate a strong momentum, especially in Healthcare, which is emerging as the fastest-growing segment. This is driven by the increasing adoption of IoT for patient monitoring and management solutions, making healthcare delivery more efficient. The penetration of IoT in Retail continues to propel revenues as organizations leverage real-time data analytics. Moreover, sectors like Energy & Utilities are progressively integrating smart technologies, further enhancing the growth potential within the market.

Retail: Dominant vs. Healthcare: Emerging

The Retail sector remains dominant in the GCC iot monetization market, characterized by its robust investments in technology to enhance customer experiences and streamline operations. Key players are leveraging IoT for inventory management, personalized marketing, and enhanced consumer engagement, resulting in significant operational efficiencies. Conversely, Healthcare is emerging as a notable segment due to advancements in telemedicine, remote patient monitoring, and IoT-enabled health solutions. This shift is primarily due to the increasing focus on delivering better patient care and optimizing healthcare workflows. The convergence of these two sectors illustrates a dynamic interaction where Retail influences health tech innovations, while Healthcare promotes the need for advanced data analytics and connectivity.

By Business Function: Marketing & Sales (Largest) vs. Supply Chain (Fastest-Growing)

In the GCC iot monetization market, Marketing & Sales command a significant share of the overall business function segment, reflecting an increased investment in data-driven strategies and customer engagement technologies. This segment's robust performance is underscored by its integration of IoT solutions, enhancing customer interactions and optimizing marketing campaigns through real-time data analytics and targeted outreach. Conversely, Supply Chain is emerging as the fastest-growing segment, propelled by the need for operational efficiency and transparency. The demand for IoT devices that enable real-time tracking and inventory management is surging, as businesses strive to streamline their supply chain processes. This growth is fueled by advancements in sensor technology and data analytics, facilitating smarter decision-making in logistics and inventory control.

Marketing & Sales: Dominant vs. Supply Chain: Emerging

Marketing & Sales serve as the dominant force in the GCC iot monetization market, characterized by extensive adoption of IoT solutions that enhance audience engagement and optimize marketing strategies. Companies are leveraging IoT data to refine customer insights, delivering personalized experiences and targeted campaigns. On the other hand, Supply Chain is recognized as an emerging segment, attracting attention for its rapid adoption of IoT technologies that improve supply chain visibility and operational efficiency. This sector is increasingly utilizing smart sensors and analytics tools to monitor goods in transit, minimize delays, and reduce costs, thereby bolstering its position as a key player in the evolving market landscape.

Get more detailed insights about GCC Iot Monetization Market

Key Players and Competitive Insights

The iot monetization market is currently characterized by a dynamic competitive landscape, driven by rapid technological advancements and increasing demand for connected devices. Key players are actively pursuing strategies that emphasize innovation, partnerships, and regional expansion to enhance their market presence. Companies such as IBM (US), Microsoft (US), and Cisco (US) are at the forefront, leveraging their technological expertise to develop comprehensive solutions that cater to diverse industry needs. Their collective focus on digital transformation and integration of advanced analytics into IoT platforms is reshaping the competitive environment, fostering a climate where agility and adaptability are paramount.

In terms of business tactics, companies are increasingly localizing manufacturing and optimizing supply chains to enhance operational efficiency and reduce costs. The market structure appears moderately fragmented, with several players vying for dominance. However, the influence of major corporations like Amazon (US) and SAP (DE) is significant, as they continue to set benchmarks for innovation and service delivery, thereby shaping the competitive dynamics of the market.

In October 2025, IBM (US) announced a strategic partnership with a leading telecommunications provider to enhance its IoT capabilities. This collaboration aims to integrate advanced AI-driven analytics into IoT solutions, thereby improving data processing and decision-making for clients. The strategic importance of this move lies in IBM's commitment to enhancing its service offerings, which could potentially lead to increased market share and customer loyalty in a highly competitive landscape.

In September 2025, Microsoft (US) launched a new IoT platform designed specifically for the manufacturing sector, focusing on predictive maintenance and operational efficiency. This initiative underscores Microsoft's strategy to penetrate niche markets and provide tailored solutions that address specific industry challenges. The launch is likely to strengthen Microsoft's position in the market, as it aligns with the growing trend of digital transformation in manufacturing.

In August 2025, Cisco (US) expanded its IoT security portfolio by acquiring a cybersecurity firm specializing in IoT solutions. This acquisition is indicative of Cisco's proactive approach to addressing security concerns that accompany the proliferation of connected devices. By enhancing its security offerings, Cisco not only fortifies its competitive stance but also responds to the increasing demand for secure IoT solutions, which is critical for customer trust and retention.

As of November 2025, the competitive trends in the iot monetization market are increasingly defined by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are becoming more prevalent, as companies recognize the value of collaboration in driving innovation and expanding market reach. Looking ahead, it appears that competitive differentiation will increasingly hinge on technological innovation and supply chain reliability, rather than solely on price. This shift suggests a more sophisticated competitive landscape, where companies that prioritize innovation and customer-centric solutions are likely to thrive.

Key Companies in the GCC Iot Monetization Market market include

Industry Developments

Recent developments in the GCC IoT Monetization Market have shown significant advancements, especially among major players like, Nokia. In September 2023, Vodafone announced a strategic collaboration with various tech firms to accelerate IoT solutions across the region, aiming to enhance smart city initiatives. The market has experienced substantial growth, with forecasts suggesting a surge in valuation due to increasing demand for connected devices and data analytics. 

In terms of mergers and acquisitions, Siemens acquired a stake in a local IoT startup in July 2023, aimed at boosting its smart infrastructure business. The GCC region is witnessing a heightened focus on digital transformation as governments, particularly in Saudi Arabia and the UAE, push for smart cities and digital economy initiatives.

Future Outlook

GCC Iot Monetization Market Future Outlook

The IoT monetization market is projected to grow at a 30.6% CAGR from 2024 to 2035, driven by increased connectivity, data analytics, and demand for smart solutions.

New opportunities lie in:

  • Subscription-based IoT service models for businesses
  • Data monetization strategies leveraging real-time analytics
  • Partnerships with telecom providers for enhanced connectivity solutions

By 2035, the market is expected to achieve substantial growth and innovation.

Market Segmentation

GCC Iot Monetization Market Component Outlook

  • Solutions
  • Services

GCC Iot Monetization Market Business Function Outlook

  • Marketing & Sales
  • IT
  • Finance
  • Supply Chain
  • Operations

GCC Iot Monetization Market Industry Vertical Outlook

  • Retail
  • IT & Telecom
  • Manufacturing
  • Transportation & Logistics
  • Healthcare
  • BFSI
  • Energy & Utilities
  • Others

GCC Iot Monetization Market Organization Size Outlook

  • Large Enterprises
  • Small & Medium-Sized Enterprises

Report Scope

MARKET SIZE 2024 11.48(USD Million)
MARKET SIZE 2025 14.99(USD Million)
MARKET SIZE 2035 216.42(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 30.6% (2024 - 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 Million
Key Companies Profiled IBM (US), Microsoft (US), Cisco (US), Amazon (US), SAP (DE), Siemens (DE), Oracle (US), GE (US), Honeywell (US)
Segments Covered Component, Organization Size, Industry Vertical, Business Function
Key Market Opportunities Integration of advanced analytics and AI enhances revenue streams in the iot monetization market.
Key Market Dynamics Rising demand for IoT solutions drives competitive innovation and regulatory adaptation in the monetization landscape.
Countries Covered GCC

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FAQs

What is the expected market size of the GCC IoT Monetization Market in 2024?

The GCC IoT Monetization Market is expected to be valued at 8.2 million USD in 2024.

What is the projected market size of the GCC IoT Monetization Market by 2035?

By 2035, the GCC IoT Monetization Market is projected to reach a value of 16.4 million USD.

What is the compound annual growth rate (CAGR) for the GCC IoT Monetization Market from 2025 to 2035?

The expected CAGR for the GCC IoT Monetization Market from 2025 to 2035 is 6.504%.

Which component segment of the GCC IoT Monetization Market is expected to be larger in 2035?

In 2035, the Solutions segment is expected to be valued at 9.8 million USD, making it larger than the Services segment.

What is the value of the Services segment in the GCC IoT Monetization Market in 2024?

The Services segment of the GCC IoT Monetization Market is valued at 3.3 million USD in 2024.

Who are the key players in the GCC IoT Monetization Market?

Major players in the GCC IoT Monetization Market include Saudi Telecom Company, Nokia, Zain, and Vodafone.

How does the market size for the Solutions segment grow from 2024 to 2035?

The Solutions segment is expected to grow from 4.9 million USD in 2024 to 9.8 million USD in 2035.

What are the growth drivers for the GCC IoT Monetization Market?

Key growth drivers include increasing demand for IoT solutions and advancements in technology.

What challenges might affect the GCC IoT Monetization Market growth from 2025 to 2035?

Challenges such as cybersecurity risks and market competition may affect growth in the coming years.

What is the impact of regional developments on the GCC IoT Monetization Market?

Regional developments and infrastructure improvements are expected to significantly enhance market growth potential.

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