Market revenue in 2023 | USD 0.5 billion |
Market revenue in 2030 | USD 3.1 billion |
Growth rate | 28.3% (CAGR from 2023 to 2030) |
Largest segment | Hardware |
Fastest growing segment | Platform |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD billion |
Market segmentation | Hardware, Platform, Services |
Key market players worldwide | Cisco Systems Inc, International Business Machines Corp, Intel Corp, SAP SE, ARM Holdings PLC ADR, SoftBank Group Corp, Alphabet Inc Class A, Microsoft Corp, NXP Semiconductors NV, PTC, Aviva PLC, Avnet Inc, Verizon Communications Inc, Zebra Technologies Corp Class A |
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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 internet of things (iot) in retail market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 40% in 2023. Horizon Databook has segmented the UAE internet of things (iot) in retail market based on hardware, platform, services covering the revenue growth of each sub-segment from 2018 to 2030.
The rising demand for IoT solutions is driven by the ongoing expansion of the retail and e-commerce sector in the region. Grocery, apparel, electronics, and other retail segments are witnessing significant growth in the region.
In addition, the growing trend of smart shelves is also stimulating the demand for IoT solutions as they enable efficient inventory tracking, addressing stock outs and overstock situations. These factors are expected to accelerate market growth over the forecast period.
Horizon Databook provides a detailed overview of country-level data and insights on the UAE internet of things (iot) in retail market , including forecasts for subscribers. This country databook contains high-level insights into UAE internet of things (iot) in retail market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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