Saudi Arabia Iot Platform Market Size & Outlook, 2024-2030

The iot platform market in Saudi Arabia is expected to reach a projected revenue of US$ 595.3 million by 2030. A compound annual growth rate of 17% is expected of Saudi Arabia iot platform market from 2025 to 2030.
Revenue, 2024 (US$M)
$222.3
Forecast, 2030 (US$M)
$595.3
CAGR, 2025 - 2030
17%
Report Coverage
Saudi Arabia

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Saudi Arabia iot platform market, 2018-2030 (US$M)

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Saudi Arabia iot platform market highlights

  • The Saudi Arabia iot platform market generated a revenue of USD 222.3 million in 2024 and is expected to reach USD 595.3 million by 2030.
  • The Saudi Arabia market is expected to grow at a CAGR of 17% from 2025 to 2030.
  • In terms of segment, platform was the largest revenue generating component in 2024.
  • Services is the most lucrative component segment registering the fastest growth during the forecast period.


Iot platform market data book summary

Market revenue in 2024USD 222.3 million
Market revenue in 2030USD 595.3 million
Growth rate17% (CAGR from 2025 to 2030)
Largest segmentPlatform
Fastest growing segmentServices
Historical data2018 - 2023
Base year2024
Forecast period2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPlatform, Services
Key market players worldwideMicrosoft Corp, Amazon Web Services, Google, Siemens AG, International Business Machines Corp, Cisco Systems Inc, Oracle Corp, PTC Inc, SAP SE ADR, Intel Corp


Other key industry trends

  • In terms of revenue, Saudi Arabia accounted for 1.7% of the global iot platform market in 2024.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Middle East & Africa, Saudi Arabia iot platform market is projected to lead the regional market in terms of revenue in 2030.
  • Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 595.3 million by 2030.

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IoT Platform Market Companies

Name Profile # Employees HQ Website
Amazon Web Services View profile 10001+ Seattle, Washington, United States, North America http://aws.amazon.com
Google View profile 10001+ Mountain View, California, United States, North America https://www.google.com
PTC Inc View profile 7231 121 Seaport Boulevard, Boston, MA, United States, 02210 https://www.ptc.com
Cisco Systems Inc View profile 84900 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 https://www.cisco.com
Siemens AG View profile 321000 Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 https://www.siemens.com
SAP SE ADR View profile 107602 Dietmar-Hopp-Allee 16, Walldorf, BW, Germany, 69190 https://www.sap.com
Microsoft Corp View profile 221000 One Microsoft Way, Redmond, WA, United States, 98052-6399 https://www.microsoft.com
International Business Machines Corp View profile 282200 One New Orchard Road, Armonk, NY, United States, 10504 http://www.ibm.com
Intel Corp View profile 124800 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 https://www.intel.com
Oracle Corp View profile 164000 2300 Oracle Way, Austin, TX, United States, 78741 https://www.oracle.com

Saudi Arabia iot platform market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to iot platform market will help companies and investors design strategic landscapes.


Platform was the largest segment with a revenue share of 78.81% in 2024. Horizon Databook has segmented the Saudi Arabia iot platform market based on platform, services covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Saudi Arabia iot platform market databook

  • Our clientele includes a mix of iot platform market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia iot platform market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia iot platform market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Saudi Arabia iot platform market size, by deployment, 2018-2030 (US$M)

Saudi Arabia IoT Platform Market Outlook Share, 2024 & 2030 (US$M)

Saudi Arabia iot platform market size, by deployment, 2018-2030 (US$M)

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