IoTThe Internet of Things (IoT) has been called the next Industrial Revolution — it will impact the way all businesses, governments, and consumers interact with the physical world.Nearly $6 trillion will be spent on IoT solutions over the next five years.
WHY IoT AT GITEX?
IoT is gathering pace through smart city initiatives at the heart of the region. IoT-based services will be delivered in 2016 with the rise in IAM and cloud security gaining traction to fulfill smart city promises.
Smart grid is growing at a faster rate in the region. Non-smart field devices of electric utility are used to control and optimize power flow to ensure efficient, safe, and reliable service.
- 7,401 visitors came from 90 countries to source IoT products at GITEX Technology Week
- 2,516 buyers looking for IoT have direct purchasing responsibility
- 6,364 of visitors were sourcing new suppliers and researching new products for their business.
- 3,818 of these had a budget in excess of $100,000
IoT Facts & Figures
By 2020, there will be more than 80 billion connected devices
IoT is expected to generate economic benefits between USD 4 trillion USD 11 trillion globally by 2025
Dubai’s Digitisation initiatives to generate USD 4.87 billion in value by 2019
The internet of things (IoT) is quickly gaining momentum within the healthcare industry of the GCC (Gulf Cooperation Council) countries.Read more
he Middle East & Africa held 11.67% market share in 2015, with an estimated value of USD 0.696 billion and are estimated to reach USD 3.202 billion by 2020, at a CAGR of 35.69% over the forecast period.Read more
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