The Internet of Things (IoT) is a collection of interrelated computing devices, mechanical or virtual machines, objects, and individuals that have unique identifiers (UIDs) and the ability to generate, exchange and consume data over a network without needing human-to-human or computer-to-computer communication. IoT has developed from the convergence of wireless technologies, micro-electromechanical systems, microservices, and the internet. IoT enables companies to automate processes and minimize labor costs. Features like the ability to access information at any time, enhancing communication between devices, automate a task that helps to improve quality and performance sue to which it is widely adopting in every industry such as healthcare, finance, retail, manufacturing, and others.
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The major factors that are driving the growth of the Internet of Things (IoT) market are the growing adoption of IoT technology in various application areas, including smart cities, smart manufacturing, logistics, transportation, etc. In addition, due to increasing government initiative and investment to build smart cities is further fuelling market growth. For Instance, in Oct 2018, the pilot phase of the five-year plan for Smart Cities and Artificial Intelligence has launched by the Department of Urban Planning and Municipalities in Abu Dhabi. Dubai Expo 2020 is expected to fuel the development of the smart city in U.A.E. will also provide a proving ground to implement IoT devices to collect information. Moreover, technological advancement, increasing penetration of cloud-platform along with growing demand for machine intelligence, and surging adoption of various wearable technology applications are accelerating the IoT market growth in U.A.E.. However, data security and privacy concerns are restraining the IoT market growth in the U.A.E..
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Various notable players in the U.A.E. IoT market include AT&T, Inc, ZTE Corporation, Intel Corporation, IBM Corporation, Huawei Technologies Co., Ltd., Oracle Corporation, Google LLC, GSM Association, Cisco Systems, Inc, Amazon Web Services, Inc., Honeywell International Inc., BOE Technology Group Co., Ltd. and among others. Major players are focussing on the acquisition, collaboration, and expansion to expand their global reach and become a market competitive.
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The U.A.E. IoT market has been segmented based on component, software, service, platform, node component, network infrastructure and application. Based on component, the market is segmented into software, services and platform. Based on the software, the market is segmented into real time streaming analytics, security solution, data management, remote monitoring systems, network bandwidth management. Based on the service, the market is segmented into professional service and managed service. Based on the platform, the market is categorized into device management, application management, network management, and cloud platform. Based on node component, the market is segmented into processor, sensor, and connectivity IC. Based on network infrastructure, the market is segmented into server, storage, ethernet switch & routing, and gateway. Based on application size, the market is segmented into building and automation, smart energy and utilities, smart manufacturing, connected logistics, smart retail, connected healthcare, smart mobility and transportation, government and defense, agriculture, banking and financial services, and others.
Key questions answered in this research report:
At what pace is the U.A.E. IoT market growing? What will be a growing trend in the future?
What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
What are the various application areas, and how they are poised to grow?
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