UAE Internet of Things (IoT) Market.pptx

The UAE Internet of Things (IoT) market was valued at USD 20.76 billion and is anticipated to project robust growth in the forecast period with a CAGR of 17.31% during the forecast period.

1. UAE INTERNET OF THINGS (IOT) MARKET FORECAST & OPPORTUNITIES 2018 – 2028 MARKET INTELLIGENCE . CONSULTING www.techsciresearch.com

2. Market Overview

3. Scope of Report Product of Interest (POI): Internet of Things (IoT) Review Period 2018 – 2021 Base Year 2022 Estimated Year 2023 Forecast Period 2024 – 2028 Year Range Internet of Things (IoT) can be defined as an ecosystem which is a connected network of embedded devices comprising devices/things, connectivity and services that communicate without human intervention, using standard and interoperable communication protocols. INTERNET OF THINGS (IOT) MARKET Market Segmentation PLATFORM Device Management Application Management Network Management Data Management Others COMPONENT Hardware Software Services APPLICATION Consumer Electronics Smart Retail Connected Logistics Smart Mobility & Transportation Building & Home Automation Others REGION Dubai Abu Dhabi Sharjah Rest of UAE

4. Table of Contents S. No. Contents Page No. Page No. 1. Service Overview 1.1. Market Definition 1.2. Scope of the Market 1.2.1. Markets Covered 1.2.2. Years Considered for Study 1.2.3. Key Market Segmentations 2. Research Methodology 2.1. Objective of the Study 2.2. Baseline Methodology 2.3. Key Industry Partners 2.4. Major Association and Secondary Sources 2.5. Forecasting Methodology 2.6. Data Triangulation & Validation 2.7. Assumptions and Limitations

5. Table of Contents S. No. Contents Page No. 3. Executive Summary 4. Voice of Customer 5. UAE Internet of Things (IoT) Market Overview 6. UAE Internet of Things (IoT) Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value 6.2. Market Share & Forecast 6.2.1. By Platform (Device Management, Application Management, Network Management, Data Management, and Others) 6.2.2. By Component (Hardware, Software & Services) 6.2.3. By Application (Consumer Electronics, Smart Mobility & Transportation, Building & Home Automation, Connected Logistics, Smart Retail, and Others) 6.2.4. By Region 6.2.5. By Company (2022) 6.3. Product Market Map

6. S. No. Contents Page No. 7. Abu Dhabi Internet of Things (IoT) Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value 7.2. Market Share & Forecast 7.2.1. By Component 7.2.2. By Platform 7.2.3. By Application 8. Dubai Internet of Things (IoT) Market Outlook 8.1. Market Size & Forecast 8.1.1. By Value 8.2. Market Share & Forecast 8.2.1. By Component 8.2.2. By Platform 8.2.3. By Application 9. Sharjah Internet of Things (IoT) Market Outlook 9.1. Market Size & Forecast 9.1.1. By Value 9.2. Market Share & Forecast 9.2.1. By Component 9.2.2. By Platform 9.2.3. By Application 6 Table of Contents

7. S. No. Contents Page No. 10. Ajman Internet of Things (IoT) Market Outlook 10.1. Market Size & Forecast 10.1.1. By Value 10.2. Market Share & Forecast 10.2.1. By Component 10.2.2. By Platform 10.2.3. By Application 11. Umm Al Quwain Internet of Things (IoT) Market Outlook 11.1. Market Size & Forecast 11.1.1. By Value 11.2. Market Share & Forecast 11.2.1. By Component 11.2.2. By Platform 11.2.3. By Application 12. Ras Al Khaimah Internet of Things (IoT) Market Outlook 12.1. Market Size & Forecast 12.1.1. By Value 12.2. Market Share & Forecast 12.2.1. By Component 12.2.2. By Platform 12.2.3. By Application 7 Table of Contents

8. S. No. Contents Page No. 13. Fujairah Internet of Things (IoT) Service Market Outlook 13.1. Market Size & Forecast 13.1.1. By Value 13.2. Market Share & Forecast 13.2.1. By Component 13.2.2. By Platform 13.2.3. By Application 14. Market Dynamics 14.1. Drivers 14.2. Challenges 15. Market Trends and Developments 16. Policy & Regulatory Landscape 17. UAE Economic Profile 18. Company Profiles (10 Major Companies) 18.1. Etisalat Group Company PJSC 18.1.1. Company Details 18.1.2. Services Offered 18.1.3. Financials (As Reported) 18.1.4. Key Personnel & Contact Person 18.1.5. Recent Developments 8 Table of Contents

9. S. No. Contents Page No. 18.2. Du Telecommunications Corporation 18.3. Huawei Technologies UAE FZ-LLC 18.4. IBM Middle East FZ LLC 18.5. Microsoft Gulf FZ LLC 18.6. Cisco Systems FZE 18.7. SAP FZE 18.8. Siemens Middle East LLC 18.9. GE Digital Middle East 18.10. Oracle United Arab Emirates 19. Strategic Recommendations 20. About Us & Disclaimer 9 Table of Contents

10. Research Methodology

11. Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews Data Collection Developing list of Respondents Formulating Questionnaire Market Profiling Data Validation Data Analysis In-depth secondary research was conducted to determine top companies in UAE Internet of Things (IoT) market, overall market size and segmental market size. In order to conduct industry experts’ interviews, TechSci formulated a detailed Survey Questionnaires. List of top companies and industry specialists was developed. TechSci conducted interviews with industry experts and leadings companies for data collection and verification. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about UAE Internet of Things (IoT) market. Data Collection Data Filter & Analysis Research & Intelligence Actionable Insights Business Solution Primary Research Desk Research Company Analysis Recent Developments Market Changing Aspects/Dynamics Government Policies Final Conclusion Market Participants Key Strengths LinkedIn TechSci Internal Database Factiva Hoovers EMIS Volza Bloomberg Paid Sources Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Secondary Research Primary Research Research Methodology Board members Financial Advisors Business Heads Investors Product Heads Paid Databases Research Heads Key Industry Partners Methodology Landscape

12. Baseline Methodology Our research team has relied on primary and secondary research to gather market size and market data. The team has monitored and analyzed various aspects of the UAE Internet of Things (IoT) market. The team has studied the outlook of multiple segments such as component, platform, application, regional analysis, and the companies of this market. The study includes historical data for 2018, 2019, 2020, and 2021, base data for 2022, and forecast data for 2023, 2024, 2025, 2026, 2027, and 2028, which will enable our clients to make better decisions while planning their strategy to achieve sustainability in the UAE Internet of Things (IoT) market. Research Methodology Objective of The Study To analyze the historical growth in the market size of the UAE Internet of Things (IoT) market from 2018 to 2022. To estimate and forecast the market size of the UAE Internet of Things (IoT) market from 2023 to 2028 and the growth rate until 2028. To classify and forecast the UAE Internet of Things (IoT) market based on component, platform, application, region, and company. To analyze and forecast the market size in terms of component, which are Hardware, Software, and Services. To analyze and forecast the market size in terms of region: Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah. To identify drivers, challenges, and trends for the UAE Internet of Things (IoT) market. To examine competitive developments in the UAE Internet of Things (IoT) market, such as expansions, new service offering launches, mergers & acquisitions, etc. To identify and analyze the profile of leading companies in the Internet of Things (IoT ) market and the top 5 companies market share.

13. Formulation of the Scope The base year  is a reference point used as a starting point, for comparison in various analyses and forecasts. It serves as the foundation against which changes, growth, or trends are measured. The review period refers to the time span during which historical data is examined, analyzed, and reviewed. It is the period of time leading up to the base year and is used to establish the baseline for comparison and understand trends The forecast period is a future-oriented timeframe during which predictions or projections are made based on current/ historical data and analysis. It extends beyond the base year and allows for estimations of potential future outcomes. The market could be defined by a specific industry, service. The market then is further divided into meaningful segments based on demographics, psychographics, behavior, geography, or service categories. This helps in analyzing the market more effectively, along with estimating the size of each segment. Assumptions and Limitations: The base currency considered is USD. Based on the average exchange rate for the corresponding review period years, other currencies have been converted to USD. The projection period's exchange rate conversion was calculated using the conversion rates from the base year. The base year considered for this study is 2022. The historic period considered for this study is from 2018 to 2021. The forecast CAGR considered is for the period of 2023E-2028F. Research Methodology Note: 2022 being the base year, 2018-2021 is the review period and 2023-2028 is the forecast period for analyzing the market in between 2018-2028

14. TechSci has used a combination of secondary and primary research sources (free telephonic and face-to-face interviews and incentivized telephonic and face-to-face interviews with the respondents) to capture the data . We have an extensive network of respondents of participants in the value chain, industry experts, and customers to obtain relevant insights and navigate data challenges. Secondary Research It comprises desk research, in which our research team conducted a preliminary assessment of the information available through secondary sources. Below is the categorization given for each reference from which the data was sourced, and further, that data was used for the data triangulation and estimation of the market sizes and market shares. Research Methodology Sources of Research Industry Associations News Portals/Secondary Sources Conferences/ Events (If Any) The Arab Internet of Things Society (AIOTS) The Middle East and North Africa Internet of Things Alliance (MENA IoT Alliance) The Gulf Cooperation Council (GCC) Standards Organization (GSO) The Emirates Authority for Standardization and Metrology (ESMA) The Dubai Chamber of Commerce and Industry (DCCI) The Abu Dhabi Chamber of Commerce and Industry (ADCCI) The Sharjah Chamber of Commerce and Industry (SCCI) The Ras Al Khaimah Chamber of Commerce and Industry (RAKCCI) The Fujairah Chamber of Commerce and Industry (FCCI) The Ajman Chamber of Commerce and Industry (ACCI) The Dubai Internet of Things Group (DIOTG) The Abu Dhabi Internet of Things Group (ADIOTG) Company Annual Reports Press Releases Industry Magazines Industry Reports Company Websites TechSci Research Proprietary Database & Knowledge Repository IMF & World Bank GITEX Technology Week 2023 IoT Expo Middle East AI & IoT Congress Middle East Smart Cities Middle East IoT World Middle East IIoT World Middle East IoTSWC Middle East Middle East IoT Summit UAE IoT Conference

15. Primary Research : Our research team maintains survey questionnaires with a set of questions and topics and responses from the primary respondents. The survey questionnaires are administered through telephonic or face-to-face interviews and surveys online or by email with the value chain participants. Surveys (online or by email) or field surveys are done to gather customer opinions. Interviews with industry experts are done through telephone or face-to-face interviews only. Below is a set of exercises done with the help of primary interviews through our network of respondents, such as value chain participants, industry experts, and customers, to obtain relevant insights and gather the required information. Research Methodology Value Chain participants (Research & Development Organizations, Government agencies, service providers, etc.) End Users Industry Experts Sample Size = 25-30 Sample Size = 100 Sample Size = 5 Survey Questionnaires Telephonic Interviews Face-to-Face Interviews Surveys Online email Partial List of Companies Interviewed Etisalat Group Company PJSC Du Telecommunications Corporation Huawei Technologies UAE FZ-LLC IBM Middle East FZ LLC Microsoft Gulf FZ LLC Cisco Systems FZE SAP FZE Siemens Middle East LLC GE Digital Middle East Oracle United Arab Emirates Surveys Online email Field surveys Face-to-Face Interviews Voice of Customers Brand Awareness Key Factors for Selecting Service Providers Key Satisfaction Level Current Need Gaps Survey Questionnaires Telephonic Interviews Face-to-Face Interviews

16. Research Methodology Approach for the Market Study TechSci follows two types of approaches for the assessment of the market: The Bottom-Up approach to market analysis starts with a granular analysis of specific countries, segments, companies and then builds up to form a broader understanding of the overall market. This method focuses on gathering detailed data and insights at the micro level and then aggregating them to draw conclusions about the larger market. The Top-Down Approach to market analysis involves starting with a broad view of the overall market and then narrowing down to specific segments or niches. It typically begins with analyzing macroeconomic factors and industry trends and then drilling down to understand the specific market segments, target customers, and potential opportunities. Methodology Followed for Calculation of Market Size & Market Shares: Market Size By Value: Market size, in terms of value, for the year 2022 was calculated based on information collected through exhaustive secondary research and primary surveys with various key opinion leaders i.e., value chain participants, such as Research & Development Organizations, Government agencies, service providers, market influencers, industry experts. The team interviewed 25-30 critical value chain participants, majorly from Artificial intelligence service provider companies. The respondents have been working at responsible positions in more than 10 target service providers . The team interviewed around 1 end users/customers for the Voice of Customer section and 5 industry experts associated with the Artificial intelligence industry from the last two decades were also interviewed. This exercise obtained the overall market size during 2018-2022, validated by multiple round of interviews. Considering standard deviation, the market size was averaged out to arrive at the market size data during 2018-2022. Bottom-Up Approach 80% Top-Down Approach 2 0%

17. Research Methodology Market shares by component, platform, application, region, and the company and current and future market growth rates were calculated based on the responses received through primary surveys with the value chain participants, in which the respondents were asked about the market shares or revenue generated from various types of Internet of Things (IoT) target market segments. The final percentage shares were calculated by taking the geometric mean of growth estimates, and company wise revenue shares generated across various segments were considered to arrive at the final market percentage shares after eliminating the outliers. Forecasting Methodology: TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results using statistical tools. Data Triangulation & Validation: Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast UAE Internet of Things (IoT) M arket , TechSci Research used various forecast techniques such as: Moving Average Method For Time Series Analysis : The average of the data set of the market's historical data was considered for data forecasting. This technique is beneficial for forecasting short-term trends and is a widely used method for time series forecasting. Yearl y moving a verage of historical data was used for estimating the trend values for time series forecasting. After estimating the trend values based on yearly moving average methods, seasonal variations were calculated from the actual data. After getting these two as a basis, market sizes were predicted for the forecasting years.

18. Regression Analysis: In this technique, multiple linear regression analysis was practiced, which involves using a regression model to estimate the value of the dependent variable on the numerous independent and directly related variables. The values of the independent variable were typically those assumed to determine the values of the dependent variable. Based on the historical trend of market data of two or more independent variables, the data of the UAE Internet of Things (IoT) Market was forecasted with the help of statistical tools. Econometric and Judgmental Analysis: Relationships with the economic variables, majorly macro-economic variables, were considered to forecast the data, combined with incorporating intuitive judgment and opinions. This technique is majorly used when there is no historical data, and t he market is totally niche, new, and unique. Note : (a) Sum of some shares may not be 100% due to round off till two decimal places. Research Methodology

19. The UAE's Internet of Things (IoT) market is primed for robust growth with an anticipated CAGR. The nation has become a thriving hub for IoT, leveraging visionary leadership and technological innovation to lead the Middle East in IoT adoption. This expansion stems from government backing, smart city projects, a burgeoning startup ecosystem, and a tech-savvy populace. Government initiatives, notably Dubai's "Smart Dubai" and Abu Dhabi's "Smart City," integrate IoT for enhanced urban living. The UAE government's regulatory frameworks support IoT adoption and innovation, ensuring standards, security, and privacy. The nation's vibrant startup ecosystem, nurtured through initiatives like Dubai Future Accelerators and Abu Dhabi's Hub71, fosters IoT-driven solutions across multiple sectors. Additionally, the UAE benefits from a tech-embracing population, evident in high smartphone penetration and enthusiastic adoption of IoT devices. IoT applications span transportation, healthcare, agriculture, and energy sectors, optimizing routes, improving patient care, enhancing agriculture efficiency, and revolutionizing energy management. The convergence of IoT with artificial intelligence (AI) and robotics further fuels progress. AI-powered IoT solutions are reshaping customer service and operational efficiency. The future looks promising, driven by the proliferation of 5G networks, which will accelerate real-time data transmission for applications like autonomous vehicles and industrial automation. In conclusion, the UAE emerges as a global IoT leader due to government support, a thriving startup ecosystem, and a population embracing technology. Its focus on innovation and sustainability solidifies its position as an IoT frontrunner, setting a benchmark for leveraging IoT's potential for societal improvement and economic growth. Market Overview

20. In October 2022, the acquisition of Smartworld by a UAE enterprise marked a pivotal moment in the region's business landscape, especially in the technology and enterprise sectors. Smartworld , recognized for its innovative smart solutions, captured the interest of this UAE enterprise, resulting in a complete takeover. This strategic move likely aligns with the acquiring company's overarching objectives for growth, diversification, or expansion within the technology sphere. Such acquisitions typically signal an intent to consolidate resources, expertise, and market presence. Assuming full ownership of Smartworld suggests the UAE enterprise aims to leverage its expertise, technologies, and market position to further its own business goals. This could involve broadening service portfolios, strengthening capabilities in delivering smart city solutions, or gaining a competitive edge in the flourishing IoT sector. In July 2023, Yahsat's pledge of a $100 million investment in the T4-NGS satellite program marked a significant stride in the UAE's space and satellite industry. The investment underscores Yahsat's commitment to advancing its capabilities and footprint in satellite technology. The T4-NGS satellite program likely embodies a crucial element of Yahsat's strategic vision, focusing on elevating its satellite communications and services. This substantial investment is set to bolster the development and launch of cutting-edge next-generation satellites. These satellites are poised to offer a wide array of services encompassing broadband internet, telecommunications, and connectivity solutions. These technologies play a pivotal role not only in bridging digital divides but also in supporting industries such as telecommunications, maritime, and aviation. Recent Developments

21. Sample Data- Snapshot UAE Internet of Things (IoT) Market Size, By Value (USD Million), 2018–2028F UAE Internet of Things (IoT) Market Size, By Value (USD Million), 2018–2028F

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