Middle East and Africa to Spend USD 8 Billion on Internet of Things in 2017
Secure, Cloud-Based Internet of Things Platform Enables New Digital Revenue Streams and Real-Time Decision-Making
Middle East organizations are adopting the latest Internet of Things technology infrastructure to drive the wider region’s USD 8 billion market, global Internet of Things enabler SAP announced today.
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 Middle East and Africa, the Internet of Things 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 percent of organizations see the Internet of Things as “strategic” or “transformational” to their business, according to a recent survey by IDC.
In the Middle East, SAP is seeing strong demand for the SAP Leonardo digital innovation system. SAP Leonardo provides breakthrough technologies and services that lets organizations take advantage of embedded Internet of Things capabilities and other technology innovations on the cloud.
SAP is already working closely with Middle East organizations on Internet of Things co-innovations, such as a remote inspection robot for the Dubai Electricity and Water Authority, and Emirates NBD bank on augmented reality housing loans.
Exchanging global best practices, SAP’s global Internet of Things customers include Italy’s Trenitalia, Buenos Aires, Argentina to prevent floods, and the Hamburg Port Authority for smart port logistics.