The figures were announced in a recent report by IDC, which also indicates that the highest-spending industry verticals include manufacturing and transportation, both at $1.3bn, and utilities at $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.
As the inter-connected IoT era advances, Middle East organisations are forced to manage a vast network of connected devices, wearables, and physical objects – from cars to oil drills.
Using machine-to-machine technology, organisations can provide a secure, usable infrastructure that shares machine and sensor data for actionable information in real-time.
In the Middle East, SAP is seeing strong demand for the SAP Leonardo digital innovation system. SAP Leonardo provides breakthrough technologies and services that allow organisations 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.
SAP’s global IoT customers include Italy’s Trenitalia, and the Hamburg Port Authority for smart port logistics.