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    GCC Internet Of Everything Market

    ID: MRFR/ICT/58998-HCR
    200 Pages
    Aarti Dhapte
    September 2025

    GCC Internet of Everything Market Research Report By Component (Hardware, Software/Platform, Connectivity, Services) and By End User Industry (Manufacturing, Transportation, Healthcare, Retail, Energy and Utilities, Residential, Government, BFSI, Others)-Forecast to 2035

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    Table of Contents

    GCC Internet Of Everything Market Summary

    The GCC Internet of Everything market is projected to grow from 45.67 USD Billion in 2024 to 120.34 USD Billion by 2035.

    Key Market Trends & Highlights

    GCC Internet of Everything Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate of 9.21 percent from 2025 to 2035.
    • By 2035, the GCC Internet of Everything market is anticipated to reach a valuation of 120.34 USD Billion.
    • In 2024, the market is valued at 45.67 USD Billion, indicating a substantial growth trajectory.
    • Growing adoption of smart technologies due to increasing urbanization is a major market driver.

    Market Size & Forecast

    2024 Market Size 45.67 (USD Billion)
    2035 Market Size 120.34 (USD Billion)
    CAGR (2025 - 2035) 9.21%

    Major Players

    Saudi Aramco (SA), Qatar Petroleum (QA), Emirates National Oil Company (AE), SABIC (SA), Etisalat (AE), Oman Oil Company (OM), Kuwait Petroleum Corporation (KW), Bahrain Petroleum Company (BH)

    GCC Internet Of Everything Market Trends

    In the GCC region, there has been a notable surge in the Internet of Everything (IoE) market, driven by various key market drivers. One of the primary drivers is the significant push for digital transformation by governmental initiatives aimed at enhancing connectivity and fostering innovation. Countries like the UAE and Saudi Arabia have implemented comprehensive national strategies to boost smart city projects, IoT investments, and overall technology adoption.

    The increasing penetration of mobile devices and internet connectivity also contributes to this trend, enabling consumers and businesses to leverage IoE solutions effectively. Opportunities in the GCC Internet of Everything market are vast, particularly in sectors like healthcare, transportation, and energy.There has been an increase in telemedicine and remote monitoring in the healthcare field because of the work of both public and private organizations to make healthcare better.

    Smart transportation projects are also getting a lot of attention. These include smart traffic management systems and connected vehicles, which can help reduce traffic and make the roads safer. Cities are also looking into smart energy solutions that can make the use and distribution of power more efficient. Recent trends show that there is a growing focus on security and sustainability in IoE deployments. As governments and businesses become more aware of how their actions affect the environment, they are putting more effort into making smart solutions that save energy and cut down on waste.

    Furthermore, with the rise of cyber threats, there is a heightened awareness surrounding the importance of securing IoE infrastructure, leading to investment in cybersecurity measures. This multi-faceted approach to the Internet of Everything ensures that the GCC is not only advancing technologically but also aligning its growth with global standards for security and sustainability.

    GCC Internet Of Everything Market Drivers

    Market Segment Insights

    Internet of Everything Market Component Insights

    The GCC Internet of Everything Market is characterized by a multifaceted Component segment, which plays a crucial role in the overall ecosystem, encompassing Hardware, Software/Platform, Connectivity, and Services. As governments across the Gulf Cooperation Council (GCC) region continue to promote digital transformation initiatives, the component segment is witnessing significant advancements. Hardware remains essential, driving innovation in device manufacturing and integration, supporting the Internet of Things ecosystem, and enhancing the overall user experience.

    Emerging technologies in hardware, such as edge computing devices, are gaining traction as they allow for real-time data processing, reducing latency and improving decision-making in various sectors. Meanwhile, the Software and Platform category is pivotal as it enables seamless data integration and management, facilitating device interoperability across different applications in smart cities, healthcare, and transportation. The rise of cloud-based platforms has significantly contributed to the flexibility and scalability required by businesses, thus inspiring a growing number of startups and established enterprises to invest in application development.

    Connectivity plays a vital role in the success of the Internet of Everything, with advancements in 5G technology paving the way for faster data transmission and greater device connectivity. The ability to interconnect countless devices without compromising on efficiency is a game-changer, driving innovation in industries such as automotive and logistics.

    Services also contribute significantly to the market dynamics, offering essential support functions such as maintenance and consulting services, which ensure sustained performance and optimization of IoT systems. The emphasis on cybersecurity services is increasing, addressing growing concerns over data privacy and protection in an increasingly connected world. As GCC countries aim to diversify their economies, the demand for these components is expected to increase, contributing to the GCC Internet of Everything Market growth trajectory.

    With real-time data applications and smart solutions becoming a priority, the development and effective application of these components are paramount to unlocking the full potential of the Internet of Everything in the region. In summary, the Component segment lays the foundational groundwork for innovative applications and services, reinforcing its importance within the broader GCC Internet of Everything Market framework.

    Internet of Everything Market End User Industry Insights

    The End User Industry segment of the GCC Internet of Everything Market plays a significant role in driving the overall growth of the region’s economy, with various sectors leveraging advanced connectivity and smart solutions. Manufacturing is increasingly automating processes through IoT technologies, enhancing productivity and operational efficiency. The Transportation sector benefits from real-time data analytics, which streamlines logistics and improves traffic management systems, leading to more efficient transportation networks.

    In Healthcare, the integration of IoT devices and telemedicine solutions is transforming patient care by enabling remote monitoring and personalized treatments, a vital aspect in a region investing heavily in health infrastructure.Retailers in the GCC are adopting smart shelves and customer analytics to enhance customer experiences and operational efficiencies, responding to a growing e-commerce trend. Energy and Utilities are focusing on smart grid technologies to optimize energy distribution and substantially reduce costs.

    The Residential sector is embracing smart home devices for enhanced security and energy management. The Government and BFSI sectors are prioritizing digital transformation for improved public services and secure transactions, respectively. Other industries are also evolving, showing a collective trend towards greater interconnectedness that fosters innovation across the GCC Internet of Everything Market landscape.

    Get more detailed insights about GCC Internet Of Everything Market Research Report-Forecast to 2035

    Regional Insights

    Key Players and Competitive Insights

    The GCC Internet of Everything Market is experiencing rapid growth, fueled by the increasing interconnectivity and integration of devices and systems across various sectors. This market encompasses a wide range of technologies and applications, including smart cities, industrial automation, and advanced analytics. The competitive landscape is characterized by a mix of established multinational corporations and emerging local firms, all striving to capitalize on opportunities presented by the surge in demand for IoT solutions.

    The market's dynamism is further heightened by the region's strategic initiatives aimed at fostering digital transformation, increasing efficiency, and enhancing customer experiences. Companies are vying for dominance through innovative technologies, strategic partnerships, and tailored service offerings specifically designed to meet the unique needs of GCC countries.In this context, SAP emerges as a formidable player within the GCC Internet of Everything Market, focusing on delivering integrated solutions that enhance operational effectiveness for businesses and public sector entities alike.

    SAP's strengths lie in its robust software platforms that facilitate real-time data processing and analytics, allowing organizations to streamline operations and drive informed decision-making. The company has successfully established a significant market presence in the region by aligning its offerings with the digital transformation agendas of various GCC countries. The emphasis on leveraging big data and cloud computing solutions underlines SAP's commitment to empowering clients to achieve greater efficiency and innovation.

    By offering tailored applications and support for IoT initiatives, SAP continues to bolster its competitive position while supporting industries such as manufacturing, logistics, and healthcare across the GCC.Etisalat Group represents another key player in the GCC Internet of Everything Market, focusing on enhancing connectivity and providing IoT solutions that cater to various industries. With a strong reputation for telecommunications excellence, Etisalat has committed itself to offering a diverse range of key products and services, including smart city solutions, integrated communication services, and cloud-based applications.

    The company's market presence is bolstered by its vast network infrastructure and strategic partnerships with technology providers, enabling it to deliver comprehensive IoT solutions for both businesses and consumers. Furthermore, Etisalat has pursued strategic mergers and acquisitions to enhance its service portfolio and expand its market reach within the GCC region. This proactive approach not only underpins Etisalat's strengths in providing innovative IoT connectivity and insightful data analytics but also positions it favorably to meet the burgeoning demands of a rapidly evolving digital landscape.

    Key Companies in the GCC Internet Of Everything Market market include

    Industry Developments

    The GCC Internet of Everything Market has seen multiple recent developments, particularly with major players such as SAP, Etisalat Group, and Abu Dhabi National Oil Company focusing on enhancing their IoT capabilities to drive digital transformation. In August 2023, Honeywell announced a partnership with Saudi Telecom Company to implement smart city solutions across urban areas in Saudi Arabia.

    Meanwhile, Ooredoo launched a new IoT platform aimed at supporting smart agriculture and water management initiatives in Qatar, reflecting a strong push towards sustainable practices. In terms of mergers and acquisitions, in September 2023, Microsoft acquired a regional technology firm to bolster its cloud computing and IoT services in the Middle East, enhancing its presence in this rapidly evolving market.

    The GCC's commitment to digital transformation and strategies like Saudi Vision 2030 are significantly driving growth, with substantial investments dedicated to smart infrastructure. Moreover, recent industry reports indicated that the market valuation of companies like Cisco Systems and General Electric is on an upward trend, further influencing collaborations and innovative solutions in the Internet of Everything landscape across the region.

    Market Segmentation

    Internet of Everything Market Component Outlook

    • Manufacturing
    • Transportation
    • Healthcare
    • Retail
    • Energy and Utilities
    • Residential
    • Government
    • BFSI
    • Others

    Internet of Everything Market End User Industry Outlook

    • Manufacturing
    • Transportation
    • Healthcare
    • Retail
    • Energy and Utilities
    • Residential
    • Government
    • BFSI
    • Others

    Report Scope

     

    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 11.04(USD Billion)
    MARKET SIZE 2024 14.5(USD Billion)
    MARKET SIZE 2035 28.1(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 6.199% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED SAP, Etisalat Group, Abu Dhabi National Oil Company, Honeywell, Ooredoo, General Electric, Saudi Telecom Company, Dubai Electricity and Water Authority, Siemens, Qatar Telecom, Cisco Systems, STC Solutions, Microsoft, Oracle, IBM
    SEGMENTS COVERED Component, End User Industry
    KEY MARKET OPPORTUNITIES Smart city development initiatives, Healthcare IoT solutions, Industrial IoT applications, Enhanced consumer electronics connectivity, Agriculture technology innovations
    KEY MARKET DYNAMICS Rapid urbanization, Government support and initiatives, Rising digital transformation, Increased demand for automation, Growing cybersecurity concerns
    COUNTRIES COVERED GCC

    Market Highlights

    Author
    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in Market Research and Business Consulting, working under the spectrum of Information Communication Technology, Telecommunications and Semiconductor domains. Aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. Her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    FAQs

    What is the projected market size of the GCC Internet of Everything Market in 2024?

    The projected market size of the GCC Internet of Everything Market in 2024 is expected to be valued at 14.5 USD Billion.

    What will be the market size of the GCC Internet of Everything Market by 2035?

    By 2035, the GCC Internet of Everything Market is anticipated to reach a value of 28.1 USD Billion.

    What is the expected compound annual growth rate (CAGR) for the GCC Internet of Everything Market from 2025 to 2035?

    The expected CAGR for the GCC Internet of Everything Market from 2025 to 2035 is 6.199%.

    Which segment within the GCC Internet of Everything Market is expected to dominate and grow the fastest?

    The Hardware segment is projected to dominate, growing from 5.8 USD Billion in 2024 to 11.5 USD Billion by 2035.

    What is the market value for the Software/Platform segment in the GCC Internet of Everything Market for 2024?

    The Software/Platform segment is valued at 4.2 USD Billion in the GCC Internet of Everything Market for the year 2024.

    How much is the Connectivity segment anticipated to be worth in 2035?

    The Connectivity segment is anticipated to reach a worth of 5.0 USD Billion by the year 2035.

    What are the key players operating in the GCC Internet of Everything Market?

    Key players in the GCC Internet of Everything Market include SAP, Etisalat Group, Honeywell, Cisco Systems, and Microsoft.

    What value is the Services segment projected to hold in 2024?

    The Services segment is projected to hold a value of 2.0 USD Billion in the GCC Internet of Everything Market for 2024.

    What are the projected trends and growth drivers influencing the GCC Internet of Everything Market?

    Emerging trends and growth drivers include increased connectivity, demand for automation, and advancements in IoT technologies.

    What challenges are currently impacting the GCC Internet of Everything Market?

    Challenges impacting the market include data security concerns, regulatory hurdles, and the need for skilled workforce.

    1. EXECUTIVE
    2. SUMMARY
    3. Market Overview
    4. Key Findings
    5. Market Segmentation
    6. Competitive Landscape
    7. Challenges and Opportunities
    8. Future Outlook
    9. MARKET INTRODUCTION
    10. Definition
    11. Scope of the study
    12. Research Objective
    13. Assumption
    14. Limitations
    15. RESEARCH
    16. METHODOLOGY
    17. Overview
    18. Data
    19. Mining
    20. Secondary Research
    21. Primary
    22. Research
    23. Primary Interviews and Information Gathering
    24. Process
    25. Breakdown of Primary Respondents
    26. Forecasting
    27. Model
    28. Market Size Estimation
    29. Bottom-Up
    30. Approach
    31. Top-Down Approach
    32. Data
    33. Triangulation
    34. Validation
    35. MARKET
    36. DYNAMICS
    37. Overview
    38. Drivers
    39. Restraints
    40. Opportunities
    41. MARKET FACTOR ANALYSIS
    42. Value chain Analysis
    43. Porter's
    44. Five Forces Analysis
    45. Bargaining Power of Suppliers
    46. Bargaining
    47. Power of Buyers
    48. Threat of New Entrants
    49. Threat
    50. of Substitutes
    51. Intensity of Rivalry
    52. COVID-19
    53. Impact Analysis
    54. Market Impact Analysis
    55. Regional
    56. Impact
    57. Opportunity and Threat Analysis
    58. GCC
    59. Internet of Everything Market, BY Component (USD Billion)
    60. Hardware
    61. Software/Platform
    62. Connectivity
    63. Services
    64. GCC
    65. Internet of Everything Market, BY End User Industry (USD Billion)
    66. Manufacturing
    67. Transportation
    68. Healthcare
    69. Retail
    70. Energy
    71. and Utilities
    72. Residential
    73. Government
    74. BFSI
    75. Others
    76. Competitive Landscape
    77. Overview
    78. Competitive
    79. Analysis
    80. Market share Analysis
    81. Major
    82. Growth Strategy in the Internet of Everything Market
    83. Competitive
    84. Benchmarking
    85. Leading Players in Terms of Number of Developments
    86. in the Internet of Everything Market
    87. Key developments
    88. and growth strategies
    89. New Product Launch/Service Deployment
    90. Merger
    91. & Acquisitions
    92. Joint Ventures
    93. Major
    94. Players Financial Matrix
    95. Sales and Operating Income
    96. Major
    97. Players R&D Expenditure. 2023
    98. Company
    99. Profiles
    100. SAP
    101. Financial
    102. Overview
    103. Products Offered
    104. Key
    105. Developments
    106. SWOT Analysis
    107. Key
    108. Strategies
    109. Etisalat Group
    110. Financial
    111. Overview
    112. Products Offered
    113. Key
    114. Developments
    115. SWOT Analysis
    116. Key
    117. Strategies
    118. Abu Dhabi National Oil Company
    119. Financial
    120. Overview
    121. Products Offered
    122. Key
    123. Developments
    124. SWOT Analysis
    125. Key
    126. Strategies
    127. Honeywell
    128. Financial
    129. Overview
    130. Products Offered
    131. Key
    132. Developments
    133. SWOT Analysis
    134. Key
    135. Strategies
    136. Ooredoo
    137. Financial
    138. Overview
    139. Products Offered
    140. Key
    141. Developments
    142. SWOT Analysis
    143. Key
    144. Strategies
    145. General Electric
    146. Financial
    147. Overview
    148. Products Offered
    149. Key
    150. Developments
    151. SWOT Analysis
    152. Key
    153. Strategies
    154. Saudi Telecom Company
    155. Financial
    156. Overview
    157. Products Offered
    158. Key
    159. Developments
    160. SWOT Analysis
    161. Key
    162. Strategies
    163. Dubai Electricity and Water
    164. Authority
    165. Financial Overview
    166. Products
    167. Offered
    168. Key Developments
    169. SWOT
    170. Analysis
    171. Key Strategies
    172. Siemens
    173. Financial
    174. Overview
    175. Products Offered
    176. Key
    177. Developments
    178. SWOT Analysis
    179. Key
    180. Strategies
    181. Qatar Telecom
    182. Financial
    183. Overview
    184. Products Offered
    185. Key
    186. Developments
    187. SWOT Analysis
    188. Key
    189. Strategies
    190. Cisco Systems
    191. Financial
    192. Overview
    193. Products Offered
    194. Key
    195. Developments
    196. SWOT Analysis
    197. Key
    198. Strategies
    199. STC Solutions
    200. Financial
    201. Overview
    202. Products Offered
    203. Key
    204. Developments
    205. SWOT Analysis
    206. Key
    207. Strategies
    208. Microsoft
    209. Financial
    210. Overview
    211. Products Offered
    212. Key
    213. Developments
    214. SWOT Analysis
    215. Key
    216. Strategies
    217. Oracle
    218. Financial
    219. Overview
    220. Products Offered
    221. Key
    222. Developments
    223. SWOT Analysis
    224. Key
    225. Strategies
    226. IBM
    227. Financial
    228. Overview
    229. Products Offered
    230. Key
    231. Developments
    232. SWOT Analysis
    233. Key
    234. Strategies
    235. References
    236. Related
    237. Reports
    238. LIST
    239. OF ASSUMPTIONS
    240. GCC Internet of Everything Market SIZE
    241. ESTIMATES & FORECAST, BY COMPONENT, 2019-2035 (USD Billions)
    242. GCC
    243. Internet of Everything Market SIZE ESTIMATES & FORECAST, BY END USER INDUSTRY,
    244. 2035 (USD Billions)
    245. PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
    246. ACQUISITION/PARTNERSHIP
    247. LIST
    248. Of figures
    249. MARKET SYNOPSIS
    250. GCC
    251. INTERNET OF EVERYTHING MARKET ANALYSIS BY COMPONENT
    252. GCC
    253. INTERNET OF EVERYTHING MARKET ANALYSIS BY END USER INDUSTRY
    254. KEY
    255. BUYING CRITERIA OF INTERNET OF EVERYTHING MARKET
    256. RESEARCH
    257. PROCESS OF MRFR
    258. DRO ANALYSIS OF INTERNET OF EVERYTHING
    259. MARKET
    260. DRIVERS IMPACT ANALYSIS: INTERNET OF EVERYTHING
    261. MARKET
    262. RESTRAINTS IMPACT ANALYSIS: INTERNET OF EVERYTHING
    263. MARKET
    264. SUPPLY / VALUE CHAIN: INTERNET OF EVERYTHING MARKET
    265. INTERNET
    266. OF EVERYTHING MARKET, BY COMPONENT, 2025 (% SHARE)
    267. INTERNET
    268. OF EVERYTHING MARKET, BY COMPONENT, 2019 TO 2035 (USD Billions)
    269. INTERNET
    270. OF EVERYTHING MARKET, BY END USER INDUSTRY, 2025 (% SHARE)
    271. INTERNET
    272. OF EVERYTHING MARKET, BY END USER INDUSTRY, 2019 TO 2035 (USD Billions)
    273. BENCHMARKING
    274. OF MAJOR COMPETITORS

    GCC Internet of Everything Market Segmentation

    • Internet of Everything Market By Component (USD Billion, 2019-2035)

      • Hardware
      • Software/Platform
      • Connectivity
      • Services

     

    • Internet of Everything Market By End User Industry (USD Billion, 2019-2035)

      • Manufacturing
      • Transportation
      • Healthcare
      • Retail
      • Energy and Utilities
      • Residential
      • Government
      • BFSI
      • Others

     

     

     

     

     

     

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    Customer Strories

    “I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

    Victoria Milne Founder
    Case Study

    Chemicals and Materials