IoT market in UAE to reach $35bn by 2019

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Condoprotego News, External News
GoogleCondo ProtegoCondo ProtegoCondo Protego FZ LLCIoT market in UAE to reach $35bn by 20192017-12-04 22:54:39Author Google+ Page

The UAE’s IoT market is set to more than triple to USD 35 billion by 2019, industry experts said on the sidelines of the Smart Life exhibition in Ajman, UAE citing recent report by research firm MicroMarket Monitor.

As a result, organizations across the region can transform daily lives and increase their return on investment, they added.

Showcasing the IoT in action, the Smart Life exhibition, sponsored by Ajman Bank, is running from 19-20 November at Emirates Hospitality Center. It will highlight 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 Internet of Things era is still several years away from becoming widespread, UAE organizations 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 industry-leading technology companies such as Dell EMC, working closely with organizations of all sizes and industry verticals to undergo digital transformation. Condo Protego is especially encouraging UAE organizations to prioritize data center 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 Internet of Things, technology giant Dell EMC recently announced plans to invest $1 billion in the Internet of Things to 2020.

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IoT market in UAE to reach $35bn by 2019
IoT market in UAE to reach $35bn by 2019