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GCC Internet Of Everything Market

ID: MRFR/ICT/58998-HCR
200 Pages
Aarti Dhapte
October 2025

GCC Internet of Everything Market Research Report By Component (Hardware, Software/Platform, Connectivity, Services) and By End User Industry (Manufacturing, Transportation, Healthcare, Retail, Energy and Utilities, Residential, Government, BFSI, Others)-Forecast to 2035

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GCC Internet Of Everything Market Summary

As per MRFR analysis, the GCC internet of everything market size was estimated at 7.59 USD Billion in 2024. The GCC internet of everything market is projected to grow from 10.12 USD Billion in 2025 to 179.99 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 33.35% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The GCC internet of everything market is poised for substantial growth driven by technological advancements and increasing demand for connectivity.

  • Smart city initiatives are transforming urban landscapes across the GCC, enhancing infrastructure and public services.
  • Healthcare innovations are rapidly evolving, with IoT solutions improving patient care and operational efficiency.
  • Energy management solutions are gaining traction, promoting sustainability and reducing operational costs in various sectors.
  • Rising demand for connectivity and government support are key drivers propelling the growth of the GCC internet of-everything market.

Market Size & Forecast

2024 Market Size 7.59 (USD Billion)
2035 Market Size 179.99 (USD Billion)

Major Players

Cisco Systems (US), IBM (US), General Electric (US), Intel (US), Microsoft (US), Siemens (DE), Oracle (US), SAP (DE), Honeywell (US)

GCC Internet Of Everything Market Trends

The internet of everything market is currently experiencing a transformative phase, particularly within the GCC region. This evolution is driven by the increasing integration of advanced technologies such as artificial intelligence, machine learning, and big data analytics. These innovations facilitate enhanced connectivity and interoperability among devices, systems, and services. As a result, businesses and governments are leveraging these technologies to optimize operations, improve decision-making, and enhance customer experiences. The growing emphasis on smart cities and digital infrastructure further propels the demand for solutions that enable seamless communication and data exchange. Moreover, the internet of-everything market in the GCC is characterized by a robust investment landscape. Governments are actively promoting initiatives aimed at fostering innovation and digital transformation. This includes the establishment of regulatory frameworks that support the deployment of IoT solutions across various sectors, including healthcare, transportation, and energy. The increasing focus on sustainability and efficiency is also shaping the market, as organizations seek to reduce costs and environmental impact through smart technologies. Overall, the internet of-everything market is poised for substantial growth, driven by technological advancements and supportive government policies.

Smart City Initiatives

The push for smart city development in the GCC is significantly influencing the internet of-everything market. Governments are investing in infrastructure that integrates IoT technologies to enhance urban living. This includes smart transportation systems, energy-efficient buildings, and improved public services, all aimed at creating more sustainable and livable environments.

Healthcare Innovations

The internet of-everything market is witnessing a surge in healthcare applications within the GCC. Telemedicine, remote patient monitoring, and health data analytics are becoming increasingly prevalent. These innovations aim to improve patient outcomes and streamline healthcare delivery, reflecting a broader trend towards digital health solutions.

Energy Management Solutions

Energy efficiency is a critical focus area in the GCC, leading to the adoption of smart energy management systems. The internet of-everything market is responding to this demand by providing solutions that optimize energy consumption and integrate renewable energy sources. This trend aligns with the region's commitment to sustainability and reducing carbon footprints.

GCC Internet Of Everything Market Drivers

Rising Demand for Connectivity

The increasing demand for connectivity in the GCC region is a primary driver of the internet of everything market. As urbanization accelerates, the need for seamless communication between devices and systems becomes paramount. The GCC countries are investing heavily in infrastructure to support this connectivity, with initiatives aimed at enhancing broadband access and mobile network capabilities. For instance, the region has witnessed a surge in 5G deployment, which is expected to cover over 90% of the population by 2025. This enhanced connectivity facilitates the integration of various devices, thereby driving the growth of the internet of-everything market. Furthermore, the proliferation of smart devices and applications is likely to contribute to a projected market growth rate of approximately 25% annually in the coming years.

Government Support and Regulation

Government support and regulatory frameworks play a crucial role in shaping the internet of everything market in the GCC. National strategies, such as Saudi Arabia's Vision 2030 and the UAE's Smart City initiatives, emphasize the importance of digital transformation and innovation. These strategies encourage investments in IoT technologies and create a conducive environment for startups and established companies alike. Additionally, regulatory bodies are working to establish standards that ensure interoperability and security within the internet of-everything market. This regulatory clarity is expected to attract foreign investments, further stimulating market growth. As a result, the internet of-everything market in the GCC is projected to reach a valuation of $20 billion by 2026, reflecting the positive impact of government initiatives.

Increased Focus on Sustainability

The growing emphasis on sustainability in the GCC region is driving the internet of everything market. Governments and businesses are increasingly recognizing the need to adopt eco-friendly practices and reduce carbon footprints. IoT technologies enable efficient resource management, such as smart grids and intelligent waste management systems, which contribute to sustainability goals. For example, smart irrigation systems powered by IoT can optimize water usage in agriculture, a critical concern in arid regions. The internet of-everything market is likely to benefit from this trend, as companies seek solutions that align with sustainability objectives. It is estimated that the adoption of IoT solutions could lead to a reduction in energy consumption by up to 30%, further enhancing the market's appeal.

Advancements in Artificial Intelligence

Advancements in artificial intelligence (AI) are significantly influencing the internet of everything market in the GCC. AI technologies enhance the capabilities of IoT devices, enabling them to analyze data in real-time and make autonomous decisions. This integration is particularly relevant in sectors such as manufacturing, logistics, and healthcare, where efficiency and accuracy are paramount. The GCC region is witnessing a surge in AI investments, with the market expected to reach $15 billion by 2027. This growth is likely to drive the adoption of AI-powered IoT solutions, thereby expanding the internet of-everything market. Companies are increasingly leveraging AI to improve operational efficiency and customer experiences, indicating a strong correlation between AI advancements and market growth.

Growing Consumer Awareness and Adoption

Consumer awareness and adoption of smart technologies are pivotal drivers of the internet of everything market in the GCC. As individuals become more informed about the benefits of connected devices, the demand for smart home solutions, wearables, and other IoT applications is rising. The proliferation of smartphones and internet access has facilitated this trend, allowing consumers to engage with IoT technologies more readily. Market Research Future indicates that the smart home segment alone is projected to grow at a CAGR of 30% over the next five years. This increasing consumer interest is likely to propel the internet of-everything market forward, as companies strive to meet the evolving needs of tech-savvy consumers.

Market Segment Insights

Internet of Everything Market Component Insights

The GCC Internet of Everything Market is characterized by a multifaceted Component segment, which plays a crucial role in the overall ecosystem, encompassing Hardware, Software/Platform, Connectivity, and Services. As governments across the Gulf Cooperation Council (GCC) region continue to promote digital transformation initiatives, the component segment is witnessing significant advancements. Hardware remains essential, driving innovation in device manufacturing and integration, supporting the Internet of Things ecosystem, and enhancing the overall user experience.

Emerging technologies in hardware, such as edge computing devices, are gaining traction as they allow for real-time data processing, reducing latency and improving decision-making in various sectors. Meanwhile, the Software and Platform category is pivotal as it enables seamless data integration and management, facilitating device interoperability across different applications in smart cities, healthcare, and transportation. The rise of cloud-based platforms has significantly contributed to the flexibility and scalability required by businesses, thus inspiring a growing number of startups and established enterprises to invest in application development.

Connectivity plays a vital role in the success of the Internet of Everything, with advancements in 5G technology paving the way for faster data transmission and greater device connectivity. The ability to interconnect countless devices without compromising on efficiency is a game-changer, driving innovation in industries such as automotive and logistics.

Services also contribute significantly to the market dynamics, offering essential support functions such as maintenance and consulting services, which ensure sustained performance and optimization of IoT systems. The emphasis on cybersecurity services is increasing, addressing growing concerns over data privacy and protection in an increasingly connected world. As GCC countries aim to diversify their economies, the demand for these components is expected to increase, contributing to the GCC Internet of Everything Market growth trajectory.

With real-time data applications and smart solutions becoming a priority, the development and effective application of these components are paramount to unlocking the full potential of the Internet of Everything in the region. In summary, the Component segment lays the foundational groundwork for innovative applications and services, reinforcing its importance within the broader GCC Internet of Everything Market framework.

Internet of Everything Market End User Industry Insights

The End User Industry segment of the GCC Internet of Everything Market plays a significant role in driving the overall growth of the region’s economy, with various sectors leveraging advanced connectivity and smart solutions. Manufacturing is increasingly automating processes through IoT technologies, enhancing productivity and operational efficiency. The Transportation sector benefits from real-time data analytics, which streamlines logistics and improves traffic management systems, leading to more efficient transportation networks.

In Healthcare, the integration of IoT devices and telemedicine solutions is transforming patient care by enabling remote monitoring and personalized treatments, a vital aspect in a region investing heavily in health infrastructure.Retailers in the GCC are adopting smart shelves and customer analytics to enhance customer experiences and operational efficiencies, responding to a growing e-commerce trend. Energy and Utilities are focusing on smart grid technologies to optimize energy distribution and substantially reduce costs.

The Residential sector is embracing smart home devices for enhanced security and energy management. The Government and BFSI sectors are prioritizing digital transformation for improved public services and secure transactions, respectively. Other industries are also evolving, showing a collective trend towards greater interconnectedness that fosters innovation across the GCC Internet of Everything Market landscape.

Get more detailed insights about GCC Internet Of Everything Market

Key Players and Competitive Insights

The internet of-everything market is currently characterized by a dynamic competitive landscape, driven by rapid technological advancements and increasing demand for interconnected devices. Key players such as Cisco Systems (US), IBM (US), and Siemens (DE) are strategically positioning themselves through innovation and partnerships. Cisco Systems (US) focuses on enhancing its IoT security solutions, while IBM (US) emphasizes its cloud-based services to facilitate digital transformation across various sectors. Siemens (DE) is leveraging its expertise in automation and digitalization to create smart infrastructure solutions, collectively shaping a competitive environment that prioritizes technological integration and customer-centric approaches.

In terms of business tactics, companies are increasingly localizing manufacturing and optimizing supply chains to enhance operational efficiency. The market appears moderately fragmented, with a mix of established players and emerging startups. This structure allows for diverse offerings and competitive pricing, although the influence of major players remains substantial, as they set industry standards and drive innovation.

In October 2025, Cisco Systems (US) announced a strategic partnership with a leading telecommunications provider to enhance IoT connectivity solutions. This collaboration aims to expand Cisco's reach in the GCC region, enabling businesses to leverage advanced IoT technologies for improved operational efficiency. The strategic importance of this partnership lies in its potential to enhance Cisco's market share and reinforce its position as a leader in IoT security and connectivity.

In September 2025, IBM (US) launched a new suite of AI-driven IoT solutions designed to optimize supply chain management for manufacturing industries. This initiative reflects IBM's commitment to integrating artificial intelligence with IoT technologies, thereby providing clients with actionable insights to streamline operations. The strategic significance of this launch is evident in its alignment with the growing demand for data-driven decision-making in the manufacturing sector.

In August 2025, Siemens (DE) unveiled its latest smart building technology, which integrates IoT capabilities to enhance energy efficiency and sustainability. This innovation not only positions Siemens as a frontrunner in the smart infrastructure domain but also addresses the increasing emphasis on sustainable practices within the industry. The strategic relevance of this development is underscored by the rising global focus on environmental responsibility and energy conservation.

As of November 2025, current competitive trends in the internet of-everything market are heavily influenced by digitalization, sustainability, and AI integration. Strategic alliances are increasingly shaping the landscape, enabling companies to pool resources and expertise for enhanced innovation. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on technological innovation, supply chain reliability, and sustainability initiatives. This shift suggests that companies will need to prioritize R&D and strategic partnerships to maintain a competitive edge in an ever-evolving market.

Key Companies in the GCC Internet Of Everything Market market include

Industry Developments

The GCC Internet of Everything Market has seen multiple recent developments, particularly with major players such as SAP, Etisalat Group, and Abu Dhabi National Oil Company focusing on enhancing their IoT capabilities to drive digital transformation. In August 2023, Honeywell announced a partnership with Saudi Telecom Company to implement smart city solutions across urban areas in Saudi Arabia.

Meanwhile, Ooredoo launched a new IoT platform aimed at supporting smart agriculture and water management initiatives in Qatar, reflecting a strong push towards sustainable practices. In terms of mergers and acquisitions, in September 2023, Microsoft acquired a regional technology firm to bolster its cloud computing and IoT services in the Middle East, enhancing its presence in this rapidly evolving market.

The GCC's commitment to digital transformation and strategies like Saudi Vision 2030 are significantly driving growth, with substantial investments dedicated to smart infrastructure. Moreover, recent industry reports indicated that the market valuation of companies like Cisco Systems and General Electric is on an upward trend, further influencing collaborations and innovative solutions in the Internet of Everything landscape across the region.

Future Outlook

GCC Internet Of Everything Market Future Outlook

The internet of-everything market is projected to grow at 33.35% CAGR from 2024 to 2035, driven by advancements in connectivity, data analytics, and automation.

New opportunities lie in:

  • Development of smart city infrastructure solutions
  • Integration of IoT in supply chain management
  • Creation of personalized healthcare monitoring systems

By 2035, the market is expected to achieve substantial growth and innovation.

Market Segmentation

GCC Internet Of Everything Market End-User Outlook

  • Manufacturing
  • Transportation
  • Healthcare
  • Retail
  • Energy and Utilities
  • Residential
  • Government
  • Insurance

GCC Internet Of Everything Market Component Type Outlook

  • Hardware
  • Software/Platform
  • Connectivity
  • Services

Report Scope

MARKET SIZE 20247.59(USD Billion)
MARKET SIZE 202510.12(USD Billion)
MARKET SIZE 2035179.99(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)33.35% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies Profiled["Cisco Systems (US)", "IBM (US)", "General Electric (US)", "Intel (US)", "Microsoft (US)", "Siemens (DE)", "Oracle (US)", "SAP (DE)", "Honeywell (US)"]
Segments CoveredEnd-User, Component Type
Key Market OpportunitiesIntegration of advanced analytics in smart city infrastructure enhances efficiency in the internet of-everything market.
Key Market DynamicsRising demand for smart devices drives innovation and competition in the internet of-everything market.
Countries CoveredGCC

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FAQs

What is the projected market size of the GCC Internet of Everything Market in 2024?

The projected market size of the GCC Internet of Everything Market in 2024 is expected to be valued at 14.5 USD Billion.

What will be the market size of the GCC Internet of Everything Market by 2035?

By 2035, the GCC Internet of Everything Market is anticipated to reach a value of 28.1 USD Billion.

What is the expected compound annual growth rate (CAGR) for the GCC Internet of Everything Market from 2025 to 2035?

The expected CAGR for the GCC Internet of Everything Market from 2025 to 2035 is 6.199%.

Which segment within the GCC Internet of Everything Market is expected to dominate and grow the fastest?

The Hardware segment is projected to dominate, growing from 5.8 USD Billion in 2024 to 11.5 USD Billion by 2035.

What is the market value for the Software/Platform segment in the GCC Internet of Everything Market for 2024?

The Software/Platform segment is valued at 4.2 USD Billion in the GCC Internet of Everything Market for the year 2024.

How much is the Connectivity segment anticipated to be worth in 2035?

The Connectivity segment is anticipated to reach a worth of 5.0 USD Billion by the year 2035.

What are the key players operating in the GCC Internet of Everything Market?

Key players in the GCC Internet of Everything Market include SAP, Etisalat Group, Honeywell, Cisco Systems, and Microsoft.

What value is the Services segment projected to hold in 2024?

The Services segment is projected to hold a value of 2.0 USD Billion in the GCC Internet of Everything Market for 2024.

What are the projected trends and growth drivers influencing the GCC Internet of Everything Market?

Emerging trends and growth drivers include increased connectivity, demand for automation, and advancements in IoT technologies.

What challenges are currently impacting the GCC Internet of Everything Market?

Challenges impacting the market include data security concerns, regulatory hurdles, and the need for skilled workforce.

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