Internet of Things (IoT) technology is growing rapidly and generating massive amounts of data through connected devices, sensors, and algorithms. It is being used across various sectors, such as automobile, construction, healthcare, and energy & power, among others. The amount of data generated through connected devices and sensors is huge, and is further processed and analyzed to gain worthy business insights. In the current scenario, several organizations are deploying IoT to provide cutting-edge solutions, which, in turn, is expected to boost the growth of the big data, business intelligence, and analytics market.
Growth in the Kingdom of Saudi Arabia big data, business intelligence, and analytics market is influenced by the adoption of IoT and cloud, emergence of mobile BI and domain-specific solutions, and rise in competition that demands simplified and enhanced data visualization tools. In addition to this, technological advancements in the field of big data and business analytics have resulted in decrease in their implementation costs.
Small and medium-sized enterprises (SMEs) are currently able to implement latest IT-based business solutions to strengthen their foothold in the market and gain valuable insights that allow them to achieve growth. Thus, the increased affordability and improved workflow that can be achieved through these solutions is expected to lead the growth of the Middle East big data, business intelligence, and analytics market.
Key market vendors and service providers profiled in the report are listed below:
2. SAP SE
3. SAS Institute Inc.
5. Tableau Software
6. Teradata Corporation
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