Saudi Arabia Internet of Things Market Set to Reach USD 30,328 Million by 2034 At 12.26% CAGR

Saudi Arabia Internet of Things Market Overview
Market Size in 2025: USD 10,715 Million
Market Forecast in 2034: USD 30,328 Million
Market Growth Rate 2026-2034: 12.26%

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, 2026-2034", The Saudi Arabia internet of things market size was valued at USD 10,715 Million in 2025 and is projected to reach USD 30,328 Million by 2034, growing at a compound annual growth rate of 12.26% from 2026-2034.

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

● AI powers smarter IoT systems in Saudi Arabia's massive smart city projects like NEOM, where connected sensors and real-time analytics optimize energy, traffic, and urban living for millions, making cities more efficient and sustainable every day.

● Through Vision 2030 and the National Strategy for Data and AI led by SDAIA, the government pushes heavy integration of AI with IoT across sectors like manufacturing and healthcare, driving automation and better decision-making nationwide.

● Partnerships such as Qualcomm with Alat and Aramco are rolling out AI-enhanced Industrial IoT solutions, including smart devices and inference accelerators that boost operational efficiency in factories and energy operations right now.

● IoT devices generate huge data volumes in the Kingdom, and AI steps in to deliver predictive maintenance and anomaly detection, helping industries cut downtime and improve reliability in critical areas like oil, gas, and utilities.

● With SDAIA's focus on building national AI capabilities and massive investments in cloud and data infrastructure, AI turns raw IoT data into actionable insights, fueling innovation and positioning Saudi Arabia as a regional tech leader.

Saudi Arabia Internet of Things Market Trends & Drivers:

Saudi Arabia's IoT market is booming thanks to Vision 2030, which pumps over $500 billion into massive projects like NEOM and The Line, turning futuristic cities into reality with connected tech at their core. These initiatives integrate millions of sensors for everything from traffic flow to energy grids, like the smart waste system in Makkah that uses fill-level monitors to cut fuel use and keep streets spotless during Hajj. NEOM's partnership with stc Group rolls out 5G backbones supporting IoT for autonomous vehicles and real-time analytics, while Riyadh's King Abdullah Financial District teams up with Orange Business for platforms linking services seamlessly. Hardware grabs 42% of the market pie because sensors and edge devices are everywhere, from environmental checks to building controls, making urban life smoother and greener. This government push not only diversifies the economy but pulls in global players, sparking a wave of innovation that everyday Saudis feel through smarter homes and safer commutes.

The lightning-fast 5G rollout across cities like Riyadh and Jeddah is supercharging IoT by handling tons of devices with zero lag, unlocking real-world wins in key industries. Telecom giants like stc just inked a five-year deal with Ericsson in December 2025 for 5G gear, cloud tools, and AI services to beef up the national network, while ZTE and GO Telecom nailed long-range 5G-A mmWave trials in the 26 GHz band. In oil and gas, Aramco deploys it for remote monitoring that slashes downtime, with $1.5 billion in 5G automation projects across factories. Healthcare jumps in too, using wearables for chronic disease tracking-think glucose monitors beaming data to docs in real time, easing pressure on hospitals in remote areas. Energy firms like Saudi Electricity Company aim for 40% automated grids via smart meters, dodging outages and fine-tuning power use. This connectivity boom means industries run leaner, safer, and smarter, straight out of Vision 2030's playbook.

AI and machine learning are teaming up with IoT to make systems think ahead, spotting issues before they hit in factories and hospitals alike. HUMAIN, the Public Investment Fund's new AI powerhouse launched in 2025, delivers cloud muscle, data centers, and top Arabic language models to crunch sensor feeds from smart buildings that tweak lights and AC based on who's inside. In manufacturing, Nokia and Zain KSA rolled out 4G/5G femtocells for indoor links, letting Industry 4.0 thrive with predictive maintenance that keeps machines humming and cuts waste. Siemens partnered with DETASAD in 2023 for an Industrial IoT platform, now scaling to track oil rig safety and boost output. Energy vertical leads with 28% share, using IoT for grid tweaks and renewables integration, while the Industrial Transformation Exhibition in December 2025 spotlights these shifts. It's like giving Saudi businesses a crystal ball-efficiency skyrockets, costs drop, and everyone's riding the edge-computing wave toward next-level ops.

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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

● December 2025: stc Group inks five-year deal with Ericsson for 5G hardware, cloud-native solutions, and AI-managed services, accelerating Vision 2030 digital infrastructure with standalone slicing for IoT enterprises.

● November 2025: Saudi Electricity Company boosts grid automation to 40% using IoT smart meters for real-time monitoring, cutting outages in energy sector transformation.

● October 2025: Global IoT Congress held in Riyadh showcases emerging technologies, highlighting Saudi Arabia's SR25.8 billion IoT market as MENA leader in smart city investments.

Note: If you require specific details, data, or insights that are not currently included in the scope of these reports, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the reports are updated accordingly to meet your expectations.

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