Saudi Arabia Internet of Things Market Size, Share | Trends Report 2025-2033

Saudi Arabia Internet of Things Market Overview

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Growth Rate: 12.90% (2025-2033)

The Saudi Arabia Internet of Things (IoT) market is experiencing robust growth, driven by the country's digital transformation initiatives, smart city developments, and increasing adoption of connected technologies across various sectors. According to the latest report by IMARC Group, the Saudi Arabia internet of things market size reached USD 9,490.7 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 28,284.2 Million by 2033, exhibiting a growth rate (CAGR) of 12.90% during 2025-2033.

Saudi Arabia Internet of Things Industry Trends and Drivers:

The Internet of Things (IoT) market in Saudi Arabia is growing rapidly, powered by the country's Vision 2030 initiative to transition to a smart, digital economy. IoT is widely being implemented as part of smart city projects, specifically Neom and King Salman Energy City, to address, but not limited to, traffic, smart parking, energy-efficient light, and urban infrastructure. The government's total investment in digital infrastructure, 5G, and beyond is amounts to a strong foundation for growing its IoT stack. Businesses in all sectors, including but not limited to healthcare, logistics, and retail, are going to be using IoT to drive better operational efficiency, with applications such as remote monitoring, real-time dashboards, and open data policy for stakeholders are only beginning to be adopted.

The growth of e-commerce along with the need for contactless solutions bolstered an increasingly connected world, a shift that was greatly expedited by the ongoing pandemic. The use of IoT for inventory tracking and logistics management is growing, as retailers and logistics firms are leading the way in IoT adoption. In healthcare, IoT is increasingly used for telemedicine and patient monitoring. As the disposable income of the population rises, and as younger generations become more tech-savvy, demand for smart home devices, such as connected home appliances or security systems is increasing. The government's attempts to reduce its reliance on oil through innovative technological processes and increased private-sector investment are the keys to sustaining the IoT market growth. With government action, the kingdom is positioning itself as a leader in regional smart technology adoption and market growth.

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Saudi Arabia Internet of Things Industry Segmentation:

The report has segmented the market into the following categories:

Component Insights:

• Hardware
• Software
• Services
• Connectivity

Application Insights:

• Smart Home
• Smart Wearables
• Smart Cities
• Smart Grid
• IoT Industrial Internet
• IoT Connected Cars
• IoT Connected Healthcare
• Others

Vertical Insights:

• Healthcare
• Energy
• Public and Services
• Transportation
• Retail
• Individuals
• Others

Regional Insights:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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