TechSci Press Release

According to TechSci Research,  Global internet of things (IoT) market  was valued USD168.65 billion in 2019 and is forecast to grow at CAGR of over 19% to reach USD480.39 billion by 2025. Global internet of things market is driven by emergence of advanced data analytics technology, surge in adoption of cloud computing and increased prevalence of connected devices for user-friendly interface. Also, the higher disposable income of the middle-class families and upgraded living standard is creating opportunities, which is driving global internet of things market through 2025. Real-time analytics integrated with the devices enhancing consumer experience by providing data and improving overall performance of the device is expected to fuel the global internet of things market throughout the forecast period. Nowadays, end user industries are leveraging power of internet of things  to improve internal efficiency and better time management, thereby, fueling the growth of the marke...

Saudi Arabia internet of things market are anticipated to show a robust growth in the upcoming five years, 2023-2027. The market growth can be attributed to emergence of advanced data analytics technology. Moreover, surge in the adoption of cloud computing, and rapidly increasing usage of connected devices for user-friendly interface. Also, technological advancement like real-time analytics integrated with the devices enhancing consumer experience by providing data and improving overall performance of the device and integration of the internet of things devices and services to improve industrial internal efficiency and better time management, are further aiding the growth of the market in the upcoming five years. The internet of things is operating system that collects the information from a device of electronic through various segments like sensors, software, etc. and delivers it to other devices with the help of the internet. The support extends toward data collection, automation of...