Uploaded on Jul 5, 2022
Saudi Arabia Internet Of Things (Iot) Market was valued at USD2016.86 million in 2021 and is further expected to grow at 17.67% CAGR during the forecast period, 2023-2027F, to achieve the market value of USD5391.15 million by 2027. Expanding IT & telecom industry and growing penetration of internet services in the various end use sectors is driving the growth of the Saudi Arabia Internet of Things (IoT) market in the upcoming five years. Growing use of Bluetooth and Wi fi services for the networking purposes and higher demand for connectivity at higher speed for the smart devices also fuels the growth of the Saudi Arabia Internet of Things (IoT) market in the next five years.
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