Saudi Arabia Internet of Things Market Size to Hit USD 28,284.2 Million by 2033, With CAGR of 12.90%

Saudi Arabia Internet of Things Market Overview

Market Size in 2024: USD 9,490.7 Million
Market Size in 2033: USD 28,284.2 Million
Market Growth Rate 2025-2033: 12.90%

According to IMARC Group's latest research publication, "Saudi Arabia Internet of Things Market Size, Share, Trends and Forecast by Component, Application, Vertical, and Region, 2025-2033", 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.

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How AI is Reshaping the Future of Saudi Arabia Internet of Things Market

● AI and IoT integration is enabling smarter, real-time data analysis and predictive maintenance in Saudi Arabia's industrial sectors, boosting efficiency and cutting operational costs significantly.

● Government programs like the National Strategy for Data & AI back AI adoption in IoT, with plans to train 20,000 AI specialists, fueling innovation and expanding local talent pools rapidly.

● Collaborations such as Qualcomm and Aramco Digital's edge AI IoT solutions leverage 5G networks for predictive maintenance and asset monitoring, driving digital transformation in energy and manufacturing.

● Saudi Arabia's deep tech ecosystem thrives with over 43 high-growth startups focused on AI and IoT, collectively raising nearly $1 billion in funding to pioneer market-specific innovations.

● AI-powered smart city projects, including NEOM, integrate IoT to manage mobility and energy efficiently, showcasing how government-backed AI advances the Kingdom's Vision 2030 digital goals.

Saudi Arabia Internet of Things Market Trends & Drivers:

Three major factors are currently powering the rapid growth of the Internet of Things (IoT) market in Saudi Arabia. First is the country's aggressive push on digital transformation fueled by the ambitious Vision 2030 initiative, which aims to diversify its economy beyond oil. This vision supports massive smart city projects like NEOM and Riyadh Smart City, which rely heavily on IoT technologies to improve urban living, transportation, energy use, and public services. For example, the government is deploying IoT-driven safety and operational systems in giga projects covering thousands of square kilometers, showcasing real-world applications aiding tens of thousands of workers. These initiatives receive strong government backing and substantial funding, driving IoT adoption rapidly across sectors.

Second, the rollout of advanced 5G networks acts as a strong catalyst for IoT expansion. The superior bandwidth and ultra-low latency of 5G enable more complex, real-time IoT applications across various industries including healthcare, industrial automation, and autonomous mobility. Companies like stc Group and Huawei have launched digital solutions that have doubled 5G speeds in remote regions, expanding network reach and connectivity quality. This improved infrastructure allows businesses and public entities to deploy extensive sensor networks, smart automation, and cloud-edge computing platforms, unlocking new possibilities for innovation and operational efficiencies.

Third, sector-specific uses of IoT in industries such as healthcare, manufacturing, agriculture, and oil & gas are emerging trends that contribute significantly to market growth. In healthcare, IoT-driven solutions optimize patient care processes and reduce hospital readmissions, improving overall system efficiency. The industrial sector is increasingly using IoT for smart machinery and automation to enhance productivity and safety, especially in oil and gas operations where downtime reduction and resource optimization are crucial. Additionally, precision agriculture supported by IoT sensors and data analytics is gaining traction to improve crop yields and resource management, addressing food security goals in Saudi Arabia. These applications demonstrate tangible benefits, making IoT a core technology across multiple key economic sectors.

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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.

Recent News and Developments in Saudi Arabia Internet of Things Market

● October 2025: Saudi Arabia hosted the Global IoT Congress 2025, highlighting its leadership in IoT innovation, with over 200 exhibitors showcasing advanced smart city and industrial solutions.

● August 2025: The government announced new IoT initiatives boosting the market by 15%, focusing on smart infrastructure projects and expanding 5G connectivity for real-time data management.

● April 2025: Deployment of IoT-enabled energy grids in NEOM and water conservation systems demonstrated how innovative sensor networks are significantly improving resource efficiency and sustainability.

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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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