UAE IoT market to triple to $35 billion by 2019
With the UAE’s internet of things (IoT) market tripling over the next two years, 2018 will be the vital year for organisations to undergo digital transformation, industry experts announced on the side lines of the Smart Life exhibition, sponsored by Ajman Bank.
The UAE’s IoT market is set to more than triple to $35 billion by 2019, according to a recent report by research firm MicroMarket Monitor. As a result, organisations across the region can transform daily lives and increase their return on investment.
The Smart Life exhibition–which will run from 19-20 November in Ajman–will showcase innovations across smart banking, government, office, hospitality, marketing, education, home, and gaming.
At the foundation of the IoT era is digital transformation and information management, in order to connect people, processes, devices, and sensors to networks for real-time data analytics and decision-making, argues UAE-based IT infrastructure and information management consultancy and solutions provider Condo Protego.
“While the IoT era is still several years away from becoming widespread, UAE organisations can get a head start in 2018 by transforming their technology infrastructure to drive new business models, and customer and citizen services,” said Andrew Calthorpe, CEO, Condo Protego.
In the UAE, Condo Protego is a partner to technology companies such as Dell EMC, working closely with organisations of all sizes and industry verticals to undergo digital transformation, prioritising data centre modernization, cloud services, and cybersecurity.
“At the Smart Life exhibition, Condo Protego is showcasing with our partners how technology can transform daily lives and businesses. Mobile government, telepresence banking and hospitality, and digital student records are examples of how technology can enable people to save time, money, and gain new experiences,” said Calthorpe.
Showing the strong global growth in the IoT, Dell EMC recently announced plans to invest $1 billion in the sector to 2020.