Middle East organizations are adopting the latest Internet of Things technology infrastructure to drive the wider region’s USD 8 billion market, revealed SAP. As the inter-connected Internet of Things era advances, Middle East organizations are forced to manage a vast 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 MEA, the IoT spend is set to reach USD 8 billion in 2017, according to a recent report by IDC. In particular, the highest-spending industry verticals include manufacturing and transportation, both at USD 1.3 billion, and utilities at USD 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 healthcare providers predicting patient treatments,” said Gergi Abboud, Managing Director for the Gulf, Levant, North Africa, and Pakistan at SAP.
“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,” added Gergi Abboud. Showing the strong demand, 82% of organizations see the Internet of Things as “strategic” or “transformational” to their business, according to a recent survey by IDC.