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    GCC Open IoT Platform Market

    ID: MRFR/ICT/60416-HCR
    200 Pages
    Aarti Dhapte
    September 2025

    GCC Open IoT Platform Market Research Report By Deployment Model (Cloud-based, On-premises, Hybrid), By Application (Smart Cities, Industrial Automation, Healthcare, Agriculture), By End Use Industry (Retail, Manufacturing, Transportation, Energy and Utilities) and By Component (Platform, Software, Services)- Forecast to 2035

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    Table of Contents

    GCC Open IoT Platform Market Summary

    The GCC Open IoT Platform market is projected to grow from 302.6 USD Million in 2024 to 1031.5 USD Million by 2035.

    Key Market Trends & Highlights

    GCC Open IoT Platform Key Trends and Highlights

    • The market is expected to witness a compound annual growth rate (CAGR) of 11.79 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 1031.5 USD Million, indicating robust growth potential.
    • In 2024, the market is valued at 302.6 USD Million, reflecting a strong foundation for future expansion.
    • Growing adoption of IoT technologies due to increasing demand for smart city initiatives is a major market driver.

    Market Size & Forecast

    2024 Market Size 302.6 (USD Million)
    2035 Market Size 1031.5 (USD Million)
    CAGR (2025-2035) 11.79%

    Major Players

    Oracle, AT&T, Siemens, Google, Cisco, SAP, Mavenir, Ericsson, IBM, Intel, Amazon, Qualcomm, Microsoft, Hewlett Packard Enterprise, Vodafone

    GCC Open IoT Platform Market Trends

    Several important market drivers are causing the GCC Open IoT Platform Market to grow quickly. The GCC region is growing quickly because more and more people are using smart city programs. Governments in places like Saudi Arabia and the UAE are spending much money on digital infrastructure to improve city life through IoT technologies. This emphasis on modernization and automation makes organizations want to use IoT technologies in their work, which increases the need for open IoT platforms. 

    Trends show that more and more people are interested in how different IoT devices and platforms may work together and share information. Many people in the GCC are realizing how important it is to build open ecosystems that make it easy for devices to talk to each other. The UAE's National Innovation Strategy is an example of a national strategy that supports this trend. It encourages enterprises and government agencies to work together to encourage innovation in the tech sector.

    Organizations are also putting increasing emphasis on cybersecurity as they try to keep dangers out of their IoT networks. Governments are also putting rules and standards in place to protect the integrity of data in IoT systems. The future of the receptive IoT Platform Market looks bright as the GCC becomes more receptive to smart technology. There is a general trend toward solutions that are secure, easy to use, and work with a wide range of industries in the area.

    GCC Open IoT Platform Market Drivers

    Market Segment Insights

    GCC Open IoT Platform Market Segment Insights

    GCC Open IoT Platform Market Segment Insights

    Open IoT Platform Market Deployment Model Insights

    Open IoT Platform Market Deployment Model Insights

    The Deployment Model segment of the GCC Open IoT Platform Market showcases a diverse landscape, tailoring innovative solutions to meet the region's unique and evolving needs. The GCC region has emerged as a significant hub for technological advancements, with countries like the UAE and Saudi Arabia investing heavily in smart city initiatives and digital transformation strategies, thereby driving market growth. Cloud-based deployments are increasingly favored for their flexibility, scalability, and cost efficiency, allowing organizations to leverage vast computational resources without the burden of managing physical infrastructure.

    The convenience provided by Cloud-based models aligns perfectly with the GCC’s shifting focus towards enhancing connectivity and streamlining operational processes across several sectors, such as healthcare, transportation, and manufacturing. Meanwhile, On-premises solutions offer vital benefits, especially for enterprises that prioritize enhanced security and data control. Businesses that deal with sensitive information are often inclined towards this model, as it provides an isolated environment, ensuring compliance with strict regulations while maintaining high-performance levels.Hybrid deployments are gaining traction as they combine the strengths of both Cloud and On-premises solutions.

    This model allows organizations to strategically balance resource allocation depending on their operational requirements, thus promoting agility and innovation. 

    The growing recognition of the need for flexibility in deployment will ensure that the Hybrid model continues to play a pivotal role in the evolution of the GCC Open IoT Platform Market. Moreover, the GCC governments' commitment to economic diversification and investments in the technological landscape create numerous opportunities for all three deployment types.Market statistics indicate that with the rapid advancement of IoT technologies and increasing data generation, businesses are more inclined to adopt these models to facilitate smooth operations. 

    Open IoT Platform Market Application Insights

    Open IoT Platform Market Application Insights

    The Application segment of the GCC Open IoT Platform Market has witnessed robust growth, driven by increasing urbanization and technological advancements in the region. Smart Cities have emerged as a significant application, leveraging IoT solutions to enhance infrastructure and improve urban living, reflecting the GCC governments' commitment to sustainable development and innovation. Industrial Automation is another crucial area, streamlining processes and increasing efficiency in manufacturing by integrating IoT technology, which aligns with the GCC's goal of diversifying its economy away from oil reliance.

    The Healthcare industry benefits from IoT through improved patient monitoring and management systems, responding to a growing demand for better healthcare services in the region. Agriculture has also seen substantial evolution with IoT applications, facilitating precision farming techniques that increase yield and reduce resource waste, crucial for food security initiatives within the GCC.

    As the GCC Open IoT Platform Market continues to expand, these applications showcase the region's dedication to embracing technology for enhancing quality of life and driving economic growth.The GCC Open IoT Platform Market statistics reflect a deepening integration of IoT solutions, with opportunities for innovation and development across these varied sectors, as regional demands evolve and challenges arise.

    Open IoT Platform Market End Use Industry Insights

    Open IoT Platform Market End Use Industry Insights

    The GCC Open IoT Platform Market is increasingly influenced by the End Use Industry, showcasing diverse applications across various sectors. The Retail sector is leveraging IoT platforms to enhance customer experiences and streamline supply chains, driving operational efficiency and personalization. In Manufacturing, businesses are utilizing IoT solutions for smart automation, predictive maintenance, and real-time monitoring, which significantly reduces downtime and operational costs. Transportation has exhibited a growing demand for IoT technologies, employing real-time tracking and fleet management to improve logistics and enhance safety.

    Meanwhile, the Energy and Utilities segment is utilizing IoT for smart grid management, energy efficiency, and predictive analytics, contributing to significant reductions in energy consumption and increased reliability. The seamless integration of these IoT applications within the End Use Industry not only offers considerable growth opportunities but also addresses critical challenges faced by various sectors, laying the foundation for a more connected and efficient future in the GCC region. The shifting focus towards digital transformation across these industries underscores the importance of investing in GCC Open IoT Platform Market solutions to capitalize on existing potential.

    Open IoT Platform Market Component Insights

    Open IoT Platform Market Component Insights

    The Component segment within the GCC Open IoT Platform Market encompasses critical elements that drive the industry's growth and innovation. This segment includes key categories such as Platform, Software, and Services, each playing a vital role in the ecosystem. The Platform component serves as the backbone, enabling seamless integration and communication between devices, while Software is essential for data analytics, machine learning, and user interface management. Services, encompassing installation, maintenance, and support, create significant value by enhancing user experience and addressing specific client needs.

    The GCC region, known for its rapid technological advancements and robust investment in digital infrastructure, presents ample opportunities for innovation and collaboration among these components. With many governments in GCC countries focusing on smart city initiatives and digital transformation, the demand for interconnected solutions within the GCC Open IoT Platform Market continues to rise. This evolving landscape reflects the requirement for scalability, interoperability, and security in IoT ecosystems, driving ongoing advancements and competitive dynamics in the market as stakeholders seek to harness the benefits of IoT technologies.

    Get more detailed insights about GCC Open IoT Platform Market Research Report- Forecast to 2035

    Regional Insights

    Key Players and Competitive Insights

    The GCC Open IoT Platform Market is experiencing significant growth driven by the increasing demand for connected devices and the necessity for efficient data management systems within various industries. In this competitive landscape, various players are vying for market share, each innovating to establish their proprietary platforms. The market comprises a unique blend of local and international vendors, each bringing distinctive strengths and weaknesses to the table. 

    A rigorous competitive analysis reveals varying strategies being implemented, including partnerships, mergers, and product development initiatives, aimed at enhancing service delivery and user experience. The rapid technological evolution and increasing investments in IoT infrastructure within the GCC region further intensify the competitive dynamics of this market.

    Oracle has a substantial presence in the GCC Open IoT Platform Market, leveraging its well-established brand reputation and extensive technological expertise. The company's strengths lie in its comprehensive suite of cloud-based solutions, which facilitate seamless integration of IoT capabilities across different sectors such as manufacturing, healthcare, and transportation. 

    Oracle positions itself as a leader in providing end-to-end IoT services that allow businesses to harness data and gain actionable insights. With continuous investments in R&D, Oracle focuses on enhancing its IoT platform with advanced features like predictive analytics and robust security measures. This commitment to innovation ensures that Oracle remains competitive in the GCC market, catering to a growing customer base that demands reliable and effective IoT solutions.

    AT&T's foray into the GCC Open IoT Platform Market underscores its strategic intent to expand its global footprint. The company offers an array of IoT solutions, including connectivity services, hardware integration, and cloud-based platform services tailored for various applications from smart cities to industrial automation. AT&T's strength lies in its vast experience in managing large-scale IoT deployments and its ability to provide customized solutions that meet the specific needs of businesses in the GCC region. 

    The company has engaged in several strategic partnerships and collaborations to enhance its service offerings, creating synergy that boosts market penetration. Additionally, AT&T's ongoing efforts in mergers and acquisitions further solidify its position, enabling the company to combine expertise from different sectors and deliver cutting-edge IoT technologies in a highly competitive landscape within the GCC.

    Key Companies in the GCC Open IoT Platform Market market include

    Industry Developments

    The GCC Open IoT Platform Market has seen significant developments recently, particularly as key players like Oracle, Siemens, and Microsoft advance their technologies in the region. In July 2023, Oracle announced its collaboration with local telecom providers to enhance IoT infrastructure. Similarly, in August 2023, Siemens unveiled a new IoT platform to support smart city initiatives across the GCC. 

    Additionally, AT&T is focusing on expanding its IoT services in GCC countries, taking advantage of the growing demand for connected solutions. Notably, in September 2023, Amazon expanded its partnership with regional organizations to offer enhanced IoT capabilities. Growth in market valuation is supported by an increase in smart city projects and government initiatives aimed at diversifying economies, particularly in Saudi Arabia and the UAE. 

    In terms of mergers and acquisitions, Vodafone completed its acquisition of a local tech company to strengthen its IoT service offerings in February 2023. Overall, the focus remains on innovation and collaboration among major players to cater to the booming IoT demand within the GCC.

    Market Segmentation

    Open IoT Platform Market Component Outlook

    • Platform
    • Software
    • Services

    Open IoT Platform Market Application Outlook

    • Smart Cities
    • Industrial Automation
    • Healthcare
    • Agriculture

    Open IoT Platform Market Deployment Model Outlook

    • Cloud-based
    • On-premises
    • Hybrid

    Open IoT Platform Market End Use Industry Outlook

    • Retail
    • Manufacturing
    • Transportation
    • Energy and Utilities

    Report Scope

     

    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 272.7(USD Million)
    MARKET SIZE 2024 302.62(USD Million)
    MARKET SIZE 2035 1031.53(USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 11.793% (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 Million
    KEY COMPANIES PROFILED Oracle, AT&T, Siemens, Google, Cisco, SAP, Mavenir, Ericsson, IBM, Intel, Amazon, Qualcomm, Microsoft, Hewlett Packard Enterprise, Vodafone
    SEGMENTS COVERED Deployment Model, Application, End Use Industry, Component
    KEY MARKET OPPORTUNITIES Smart city developments, Enhanced agricultural automation, Energy management solutions, Industrial IoT integration, Healthcare monitoring systems
    KEY MARKET DYNAMICS Increased IoT adoption, Government initiatives, High connectivity infrastructure, Security concerns, Diverse industry applications
    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 market size of the GCC Open IoT Platform Market in 2024?

    In 2024, the GCC Open IoT Platform Market is expected to be valued at approximately 302.62 million USD.

    What is the projected market size of the GCC Open IoT Platform Market by 2035?

    By 2035, the market is projected to reach a value of approximately 1,031.53 million USD.

    What is the expected CAGR for the GCC Open IoT Platform Market from 2025 to 2035?

    The market is expected to grow at a CAGR of 11.793% during the forecast period from 2025 to 2035.

    Which deployment model holds a significant market share in the GCC Open IoT Platform Market?

    The Cloud-based deployment model is expected to be valued at 121.05 million USD in 2024, indicating a strong market presence.

    What is the estimated market value for the On-premises deployment model in 2024?

    The On-premises deployment model is estimated to have a market value of 91.25 million USD in 2024.

    Which companies are considered key players in the GCC Open IoT Platform Market?

    Key players include Oracle, AT&T, Siemens, Google, Cisco, SAP, and several others.

    How is the Hybrid deployment model expected to perform by 2035?

    The Hybrid deployment model is projected to reach a market value of approximately 301.86 million USD by 2035.

    What are the primary applications driving growth in the GCC Open IoT Platform Market?

    Key applications encompass smart cities, industrial automation, and connected devices, significantly driving market growth.

    What growth opportunities exist within the GCC Open IoT Platform Market?

    Emerging trends include the integration of AI and machine learning, creating opportunities for innovative applications.

    What challenges might the GCC Open IoT Platform Market face in the coming years?

    Challenges include data security concerns and the necessity for interoperability among diverse devices and platforms.

    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. Open IoT Platform Market, BY Deployment Model (USD Million)
    60. Cloud-based
    61. On-premises
    62. Hybrid
    63. GCC
    64. Open IoT Platform Market, BY Application (USD Million)
    65. Smart
    66. Cities
    67. Industrial Automation
    68. Healthcare
    69. Agriculture
    70. GCC
    71. Open IoT Platform Market, BY End Use Industry (USD Million)
    72. Retail
    73. Manufacturing
    74. Transportation
    75. Energy
    76. and Utilities
    77. GCC Open IoT
    78. Platform Market, BY Component (USD Million)
    79. Platform
    80. Software
    81. Services
    82. Competitive Landscape
    83. Overview
    84. Competitive
    85. Analysis
    86. Market share Analysis
    87. Major
    88. Growth Strategy in the Open IoT Platform Market
    89. Competitive
    90. Benchmarking
    91. Leading Players in Terms of Number of Developments
    92. in the Open IoT Platform Market
    93. Key developments and
    94. growth strategies
    95. New Product Launch/Service Deployment
    96. Merger
    97. & Acquisitions
    98. Joint Ventures
    99. Major
    100. Players Financial Matrix
    101. Sales and Operating Income
    102. Major
    103. Players R&D Expenditure. 2023
    104. Company
    105. Profiles
    106. Oracle
    107. Financial
    108. Overview
    109. Products Offered
    110. Key
    111. Developments
    112. SWOT Analysis
    113. Key
    114. Strategies
    115. AT&T
    116. Financial
    117. Overview
    118. Products Offered
    119. Key
    120. Developments
    121. SWOT Analysis
    122. Key
    123. Strategies
    124. Siemens
    125. Financial
    126. Overview
    127. Products Offered
    128. Key
    129. Developments
    130. SWOT Analysis
    131. Key
    132. Strategies
    133. Google
    134. Financial
    135. Overview
    136. Products Offered
    137. Key
    138. Developments
    139. SWOT Analysis
    140. Key
    141. Strategies
    142. Cisco
    143. Financial
    144. Overview
    145. Products Offered
    146. Key
    147. Developments
    148. SWOT Analysis
    149. Key
    150. Strategies
    151. SAP
    152. Financial
    153. Overview
    154. Products Offered
    155. Key
    156. Developments
    157. SWOT Analysis
    158. Key
    159. Strategies
    160. Mavenir
    161. Financial
    162. Overview
    163. Products Offered
    164. Key
    165. Developments
    166. SWOT Analysis
    167. Key
    168. Strategies
    169. Ericsson
    170. Financial
    171. Overview
    172. Products Offered
    173. Key
    174. Developments
    175. SWOT Analysis
    176. Key
    177. Strategies
    178. IBM
    179. Financial
    180. Overview
    181. Products Offered
    182. Key
    183. Developments
    184. SWOT Analysis
    185. Key
    186. Strategies
    187. Intel
    188. Financial
    189. Overview
    190. Products Offered
    191. Key
    192. Developments
    193. SWOT Analysis
    194. Key
    195. Strategies
    196. Amazon
    197. Financial
    198. Overview
    199. Products Offered
    200. Key
    201. Developments
    202. SWOT Analysis
    203. Key
    204. Strategies
    205. Qualcomm
    206. Financial
    207. Overview
    208. Products Offered
    209. Key
    210. Developments
    211. SWOT Analysis
    212. Key
    213. Strategies
    214. Microsoft
    215. Financial
    216. Overview
    217. Products Offered
    218. Key
    219. Developments
    220. SWOT Analysis
    221. Key
    222. Strategies
    223. Hewlett Packard Enterprise
    224. Financial
    225. Overview
    226. Products Offered
    227. Key
    228. Developments
    229. SWOT Analysis
    230. Key
    231. Strategies
    232. Vodafone
    233. Financial
    234. Overview
    235. Products Offered
    236. Key
    237. Developments
    238. SWOT Analysis
    239. Key
    240. Strategies
    241. References
    242. Related
    243. Reports
    244. LIST
    245. OF ASSUMPTIONS
    246. GCC Open IoT Platform Market SIZE ESTIMATES
    247. & FORECAST, BY DEPLOYMENT MODEL, 2019-2035 (USD Billions)
    248. GCC
    249. Open IoT Platform Market SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035
    250. (USD Billions)
    251. GCC Open IoT Platform Market SIZE ESTIMATES
    252. & FORECAST, BY END USE INDUSTRY, 2019-2035 (USD Billions)
    253. GCC
    254. Open IoT Platform Market SIZE ESTIMATES & FORECAST, BY COMPONENT, 2019-2035
    255. (USD Billions)
    256. PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
    257. ACQUISITION/PARTNERSHIP
    258. LIST
    259. Of figures
    260. MARKET SYNOPSIS
    261. GCC
    262. OPEN IOT PLATFORM MARKET ANALYSIS BY DEPLOYMENT MODEL
    263. GCC
    264. OPEN IOT PLATFORM MARKET ANALYSIS BY APPLICATION
    265. GCC
    266. OPEN IOT PLATFORM MARKET ANALYSIS BY END USE INDUSTRY
    267. GCC
    268. OPEN IOT PLATFORM MARKET ANALYSIS BY COMPONENT
    269. KEY BUYING
    270. CRITERIA OF OPEN IOT PLATFORM MARKET
    271. RESEARCH PROCESS
    272. OF MRFR
    273. DRO ANALYSIS OF OPEN IOT PLATFORM MARKET
    274. DRIVERS
    275. IMPACT ANALYSIS: OPEN IOT PLATFORM MARKET
    276. RESTRAINTS
    277. IMPACT ANALYSIS: OPEN IOT PLATFORM MARKET
    278. SUPPLY / VALUE
    279. CHAIN: OPEN IOT PLATFORM MARKET
    280. OPEN IOT PLATFORM MARKET,
    281. BY DEPLOYMENT MODEL, 2025 (% SHARE)
    282. OPEN IOT PLATFORM
    283. MARKET, BY DEPLOYMENT MODEL, 2019 TO 2035 (USD Billions)
    284. OPEN
    285. IOT PLATFORM MARKET, BY APPLICATION, 2025 (% SHARE)
    286. OPEN
    287. IOT PLATFORM MARKET, BY APPLICATION, 2019 TO 2035 (USD Billions)
    288. OPEN
    289. IOT PLATFORM MARKET, BY END USE INDUSTRY, 2025 (% SHARE)
    290. OPEN
    291. IOT PLATFORM MARKET, BY END USE INDUSTRY, 2019 TO 2035 (USD Billions)
    292. OPEN
    293. IOT PLATFORM MARKET, BY COMPONENT, 2025 (% SHARE)
    294. OPEN
    295. IOT PLATFORM MARKET, BY COMPONENT, 2019 TO 2035 (USD Billions)
    296. BENCHMARKING
    297. OF MAJOR COMPETITORS

    GCC Open IoT Platform Market Segmentation

     

     

     

    • Open IoT Platform Market By Deployment Model (USD Million, 2019-2035)

      • Cloud-based
      • On-premises
      • Hybrid

     

    • Open IoT Platform Market By Application (USD Million, 2019-2035)

      • Smart Cities
      • Industrial Automation
      • Healthcare
      • Agriculture

     

    • Open IoT Platform Market By End Use Industry (USD Million, 2019-2035)

      • Retail
      • Manufacturing
      • Transportation
      • Energy and Utilities

     

    • Open IoT Platform Market By Component (USD Million, 2019-2035)

      • Platform
      • Software
      • Services

     

     

     

     

     

     

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