Market Size of MENA Industrial IoT to Be Valued at USD 37 Billion By 2028 | Infinium Global Research

Infinium Global Research, a leading market research firm, has released an extensive market research report on the rapidly evolving Industrial Internet of Things (IoT) landscape in the Middle East and North Africa (MENA) region. The report delves deep into the segments and sub-segments of the MENA industrial IoT market, providing invaluable insights into this dynamic sector's trends, forecasts, and dollar values.

The MENA Industrial IoT market has been undergoing a significant transformation, and this report presents an in-depth analysis of its present and future. The market was valued at approximately USD 14 billion in 2022 and is projected to reach nearly USD 37 billion by 2028, reflecting a remarkable Compound Annual Growth Rate (CAGR) of over 17% during the forecast period.

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The Industrial IoT has brought about a wave of technological innovation across various industries such as manufacturing, healthcare, energy, and oil & gas. The adoption of Artificial Intelligence (AI) and Machine Learning (ML) has gained significant momentum, enabling these industries to streamline operations, automate service delivery processes, and enhance competitiveness in the MENA market. Machine-to-Machine (M2M) Internet of Things (IIoT) plays a pivotal role in connecting devices, leveraging big data, and harnessing machine learning, ultimately improving the efficiency and reliability of business operations.

One of the driving factors for the industrial IoT market in MENA is the increasing support from governments in the region for digitalization initiatives. Investments in industrial automation and the quest for enhanced productivity and efficiency are pivotal factors propelling market expansion. Additionally, advancements in semiconductor and electrical device technology, along with the widespread adoption of cloud computing platforms, have contributed to the market's growth. However, challenges such as the absence of standardization and high capital and operating costs may hinder the market's expansion. Nonetheless, the increasing adoption of automation and robotics offers promising growth opportunities. Furthermore, financial support from various governments for IIoT research and development projects presents numerous avenues for growth in the MENA Industrial IoT Market.

Saudi Arabia dominates the industrial IoT market in the Middle East and Africa, with the kingdom experiencing one of the fastest-growing markets. Saudi Arabia is actively developing cloud-based solutions and services to enhance security and operational intelligence for governments, businesses, transportation, and communities. In addition, the evolution of the telecommunications and industrial sectors is contributing to the country's robust IoT market growth. Egypt's IoT market is expected to benefit from the growing demand for asset monitoring and the digital transformation of industries. The UAE's Industrial IoT Market may receive a boost from continued innovation in sensor technologies within the industrial sector. Moreover, the increasing adoption of IoT technology in end-use industries like automotive and manufacturing is driving growth in North Africa's industrial IoT market.

The report on the MENA industrial IoT market thoroughly covers segments such as technology, application, and end-use. Technology sub-markets include sensors, industrial robotics, cameras, networking technology, and others. Application sub-markets encompass SCADA, MES, PLM, distribution management systems, transit management systems, and others. End-use sub-markets cover manufacturing, logistics, metal & mining, energy, and more.

In addition to the market insights, the report provides profiles of key companies in the MENA Industrial IoT market, including Cisco Systems, Inc., Robert Bosch GmbH, Emerson Electric Co., Siemens, Texas Instruments Incorporated, PTC Inc., Honeywell International Inc., SAP SE, NEC Corporation, and ABB.

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Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Industrial IoT Market Highlights

2.2. Industrial IoT Market Projection

2.3. Industrial IoT Market Country Highlights

Chapter 3. MENA Industrial IoT Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Porter`s Five Forces Analysis

3.4. IGR-Growth Matrix Analysis

3.4.1. IGR-Growth Matrix Analysis by Technology

3.4.2. IGR-Growth Matrix Analysis by Application

3.4.3. IGR-Growth Matrix Analysis by End Use

3.4.4. IGR-Growth Matrix Analysis by Country

3.5. Value Chain Analysis of Industrial IoT Market

Chapter 4. Company Profiles and Competitive Landscape

4.1. Competitive Landscape in the MENA Industrial IoT Market

4.2. Companies Profiles

4.2.1. Cisco Systems, Inc.

4.2.2. Robert Bosch GmbH

4.2.3. Emerson Electric Co.

4.2.4. Siemens

4.2.5. Texas Instruments Incorporated

4.2.6. PTC Inc.

4.2.7. Honeywell International Inc.

4.2.8. SAP SE

4.2.9. NEC Corporation

4.2.10. ABB

Chapter 5. MENA Industrial IoT Market by Technology

5.1. Sensor

5.2. Industrial Robotics

5.3. Cameras

5.4. Networking technology

5.5. Others

Chapter 6. MENA Industrial IoT Market by Application

6.1. SCADA

6.2. MES

6.3. PLM

6.4. Distribution Management System

6.5. Transit Management System

6.6. Others

Chapter 7. MENA Industrial IoT Market by End Use

7.1. Manufacturing

7.2. Logistics

7.3. Metal & Mining

7.4. Energy

7.5. Other

Chapter 8. MENA Industrial IoT Market by Country 2022-2028

8.1. Saudi Arabia

8.1.1. Saudi Arabia Industrial IoT Market by Technology

8.1.2. Saudi Arabia Industrial IoT Market by Application

8.1.3. Saudi Arabia Industrial IoT Market by End Use

8.2. UAE

8.2.1. UAE Industrial IoT Market by Technology

8.2.2. UAE Industrial IoT Market by Application

8.2.3. UAE Industrial IoT Market by End Use

8.3. Qatar

8.3.1. Qatar Industrial IoT Market by Technology

8.3.2. Qatar Industrial IoT Market by Application

8.3.3. Qatar Industrial IoT Market by End Use

8.4. Kuwait

8.4.1. Kuwait Industrial IoT Market by Technology

8.4.2. Kuwait Industrial IoT Market by Application

8.4.3. Kuwait Industrial IoT Market by End Use

8.5. Egypt

8.5.1. Egypt Industrial IoT Market by Technology

8.5.2. Egypt Industrial IoT Market by Application

8.5.3. Egypt Industrial IoT Market by End Use

8.6. Sudan

8.6.1. Sudan Industrial IoT Market by Technology

8.6.2. Sudan Industrial IoT Market by Application

8.6.3. Sudan Industrial IoT Market by End Use

8.7. Rest of MENA

8.7.1. Rest of MENA Industrial IoT Market by Technology

8.7.2. Rest of MENA Industrial IoT Market by Application

8.7.3. Rest of MENA Industrial IoT Market by End Use

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Reasons to Buy this Report:

=> Comprehensive analysis of regional markets of MENA industrial IoT.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2028.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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