GCC Iot Telecom Services Market Summary
The GCC IoT Telecom Services market is poised for substantial growth, projected to reach 35 USD billion by 2035 from a base of 12.5 USD billion in 2024.
Key Market Trends & Highlights
GCC IoT Telecom Services Key Trends and Highlights
- The market is expected to grow from 12.5 USD billion in 2024 to 35 USD billion by 2035.
- A compound annual growth rate (CAGR) of 9.81 percent is anticipated from 2025 to 2035.
- The increasing demand for connected devices is likely to drive market expansion in the region.
- Growing adoption of IoT technology due to enhanced connectivity is a major market driver.
Market Size & Forecast
2024 Market Size | 12.5 (USD Billion) |
2035 Market Size | 35 (USD Billion) |
CAGR (2025 - 2035) | 9.81% |
Major Players
Saudi Aramco (SA), Qatar Petroleum (QA), Emirates National Oil Company (AE), SABIC (SA), Oman Oil Company (OM), Kuwait Petroleum Corporation (KW), Bahrain Petroleum Company (BH), Dubai Investments (AE)