Middle East and African Organizations to spend nearly $8 billion on IoT In 2017:IDC

Middle East organizations are embracing the latest IoT technology infra to drive the vast market of the region which is totalling around $8 billion in size, according to IoT enable SAP.

IIDc Analyze

Middle East organizations have been facing severe problems in managing the huge network of connected devices, wearables, and physical objects — from cars to oil drills. Using machine-to-machine technology, organizations can provide a secure, usable infrastructure that shares machine and sensor data for actionable information in real-time.

In the Middle East and Africa, the IoT spend is set to reach around $8 billion in 2017, according to a recent report by IDC. In particular, the highest-spending industry verticals include manufacturing and transportation, both at $1.3 billion, and utilities at $918 million.

“Every industry vertical in the Middle East is set to be transformed by the Internet of Things — from smart utilities predicting service outages, to health care providers predicting patient treatments,” said GergiAbboud, managing director for the Gulf, Levant, North Africa, and Pakistan at SAP.

He also added that,  “The strength of an Internet of Things use case improves exponentially when you unleash the connectivity between all of the ‘things’ inside and outside of an enterprise across its supply chain. Hence, a secure Internet of Things platform on the cloud becomes vital for supporting next generation applications, which can scale up quickly and easily.”

Around 82 percent of organizations are seeing the Internet of Things as “strategic” or “transformational” to their business, according to a recent survey by IDC.

Tags
Show More

Vikas Kumar

I have a passion to learn new things. There are always possibilities for learning. Everything needs to be analyzed critically, and I believe to do it by creating a solid bond between a reader and writer. Whether, it is an article or news story, it should not be distorted and must be reported in a balanced way. I believe to stick to the ethics of journalism.