Riyadh – Mubasher: Investment opportunities in internet of things (IOT) market are large and they are expected to reach SAR 30 billion until 2030 in Saudi Arabia, said Tarig Enaya, senior vice president of the Saudi Telecom Company (STC) enterprise business unit.
STC continues its plan to implement digital transformation in the Kingdom, aiming to achieve its role in the Saudi Vision 2030, Enaya added.
The Saudi telecommunication provider provides and eases digital services for the governmental and private sectors in line with the Kingdom’s vision and National Transformation Programe.
IOT will impact on all economic sectors, as well as it will enhance providing more services in the sectors of environment, healthcare services, and transportation.
Enaya concluded that IOT will contribute largely in reducing costs of cloud computing by 80% and devices’ cost by the third.
