Saudi Arabia IoT Device Market Share, Size & Forecast 2027
Saudi Arabia IoT Device Market The Saudi Arabia IoT Device Market is estimated to grow at a higher CAGR over the forecast period (2020-2027). The factors driving the growth of Saudi Arabia IoT Device Market includes increasing penetration of smartphone and wearable devices in Saudi Arabia, improvements in the internet connectivity, rising popularity of 5G Technology and expansion of the IT & telecom industry. According to the report published by Airnow Data, around 80.7% people in the Kingdom of Saudi Arabia used smartphones in 2019 and this figure is expected to increase to 24 million by 2022, with total population being 30 million, which will boost the market growth in the approaching years. Moreover, the growing adoption of advanced technologies such as Artificial Intelligence (AI) and Machine Learning (ML) by major corporations and rising attraction amongst consumers about smart parking and smart lighting solutions, are some of the additional factors supplementing the mar...