UAE Internet of Things (IoT) Market to be Led by Surge in Smart City Projects

UAE INTERNET OF THINGS (IOT) MARKET
FORECAST & OPPORTUNITIES
2018 – 2028
M A R K E T I N T E L L I G E N C E . C O N S U L T I N G www.techsciresearch.com

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Table of Contents
S. No. Contents 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

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Table of Contents
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

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7. Abu Dhabi Internet of Things (IoT) Market Outlook
7.1.1. By Value
7.2.1. By Component
7.2.2. By Platform
7.2.3. By Application
8. Dubai Internet of Things (IoT) Market Outlook
8.1.1. By Value
8.2.1. By Component
8.2.2. By Platform
9. Sharjah Internet of Things (IoT) Market Outlook
9.1.1. By Value
9.2.1. By Component
9.2.2. By Platform
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Table of Contents

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10. Ajman Internet of Things (IoT) Market Outlook
10.1.1. By Value
10.2.1. By Component
10.2.2. By Platform
11. Umm Al Quwain Internet of Things (IoT) Market Outlook
11.1.1. By Value
11.2.2. By Platform
12. Ras Al Khaimah Internet of Things (IoT) Market Outlook
12.1.1. By Value
12.2.2. By Platform
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13. Fujairah Internet of Things (IoT) Service Market Outlook
13.1.1. By Value
13.2.2. By Platform
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
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Table of Contents

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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
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Table of Contents

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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

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 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

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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.
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.

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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.
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

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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.
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

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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.
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
• Voice of Customers
 Brand Awareness
 Key Factors for Selecting
Service Providers
 Key Satisfaction Level
 Current Need Gaps
• Survey Questionnaires
 Telephonic Interviews

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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 100
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 20%

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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) Market, 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. Yearly moving average 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.

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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 the 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.

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• 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

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• 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

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Sample Data- Snapshot
UAE Internet of Things (IoT) Market Size, By Value (USD Million), 2018–2028F
5.00
6.00
7.00
8.00
9.00
10.00
11.00
12.00
13.00
14.00
15.00
2018 2022 2023E 2028F
CAGR BY VALUE: XX% CAGR BY VALUE: XX%
UAE Internet of Things (IoT) Market Size, By Value (USD Million), 2018–2028F
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
2018
2020
2022
2024F
2026F
2028F
Device Management Application Management Network Management Data Management Others

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© TechSci Research
Report Ordering
Report Name: UAE Internet of Things (IoT) Market
FORECAST AND OPPORTUNITIES
2018 – 2028F
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