(MENAFN) The Internet of Things (IoT) solutions market in the GCC will reach solid increase and will worth USD11bn over the coming eight years.
Meanwhile, the market has the potential to unlock more than 11 percent in incremental GDP driving economic growth in the region.
By the cited year, the market will be producing a potential value for the economy of almost USD160bn; implying that every dollar spent on IoT solutions could generate USD14.50 in economic value.
Accordingly, next-generation techs like IoT are making huge chances for economic transformation in the region and could lead to an industrial revolution in its own right.
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