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Middle East Smart Homes Devices Market Size, Share, Growth & Forecast to 2030 | UnivDatos

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Ahasan Ali
Middle East Smart Homes Devices Market Size, Share, Growth & Forecast to 2030 | UnivDatos

According to a new report by UnivDatos Market Insights, The Middle East smart homes devices market was valued at USD 1865.2 Million in 2022 and is expected to grow at a strong CAGR of around 28.8% during the forecast period (2023-2030). The rise of the Internet of Things (IoT) is making it easier to connect and control home devices remotely in the Middle East region and the growth of urban areas is leading to higher adoption of smart devices due to convenience and space-saving features. As per the General Authority of Access, in 2023, almost 92% of Saudis have access to or own a smartphone. Android (53.87%) and iOS (46.01%) unsurprisingly accounted for virtually all the operating systems on smartphones across Saudi Arabia in 2022.

Access sample report (including graphs, charts, and figures) – https://univdatos.com/get-a-free-sample-form-php/?product_id=51411

Moreover, Government-led initiatives promoting smart city development in countries like the UAE and Saudi Arabia are significant drivers for the adoption of smart home devices. For instance, The Dubai 2040 Urban Master Plan is one such plan. It aims to encourage sustainable urban development in Dubai while also focusing on enhancing people’s happiness and quality of life.

The report suggests that the ongoing infrastructure development and smartphone penetration has had a significant impact on the smart home appliances industry in the Middle East region. Some of the ways in which this impact has been felt include:

·        Government Initiatives Promoting Energy Efficiency: Many governments in the Middle East region have launched initiatives aimed at reducing energy consumption and promoting sustainability. This includes subsidies for energy-efficient appliances and regulations requiring energy labels.

·        Increased Connectivity and Internet Penetration: The Middle East region has witnessed a surge in internet penetration and smartphone adoption in recent years. This increased connectivity has created an ecosystem conducive to the adoption of smart home technology. Consumers can control and monitor their appliances remotely using smartphones or voice assistants, making their lives more convenient and efficient.

·        Rise of E-commerce: The rise of e-commerce platforms in the region has made it exceptionally convenient for consumers to access a diverse array of smart home appliances, including smart TVs, and smart washing machines, which contributes significantly to industry expansion.

Apart from this, in recent years, several governments in the Middle East and North Africa have implemented policies and provided funding support to enhance the growth of the smart home appliances industry. Some examples include:

               The UAE government has established a number of free trade zones such as Dubai Internet City (in 1999) and Dubai Silicon Oasis (in 2005) that specialize in the ICT industry and act as industry clusters for high technology and innovation.

               The UAE government launched policies to promote the use of open data. In September 2021, the UAE published its federal decree law regarding Personal Data Protection. This law applies to any data subject who resides in or has a business in the UAE. It is an integrated framework to ensure the confidentiality of information and protect the privacy of individuals in the UAE.

UAE’s SmartPass system created a digital framework for the operations of all government services and ministries. The UAE Strategy for Artificial Intelligence (AI) 2031 will be incorporated into these services.

Saudi Data and AI Authority (SDAIA): Under the MCIT, SDAIA and its sub agencies – the National Centre for Artificial Intelligence, the National Data Management Office, and the National Information Center – are responsible for Saudi Arabia’s national data and AI agenda.

Since 2019, Saudi Arabia’s digital regulatory environment has been somewhat fragmented, with MCIT, SDAIA, CITC, and NCA creating a host of new regulations and policy frameworks vis-à-vis the cloud, cybersecurity controls, data management and personal data protection standards, e-commerce, and the internet of things.

These policies and funding support initiatives have helped to create a more favourable environment for the smart home appliances industry in the Middle East and North Africa and are expected to support the growth of the industry in the region in the coming years.

For a detailed analysis of the Global Middle East Smart Homes Devices Market browse through – https://univdatos.com/report/middle-east-smart-homes-devices-market/

Conclusion

In conclusion, the smart home appliances market in the Middle East region is being driven by factors such as urbanization, government support for energy efficiency, increased connectivity, and the growing importance of home security. These drivers are creating a favorable environment for the adoption of smart home technologies, and the market is expected to continue to grow as consumers seek more convenience, efficiency, and safety in their homes.

Contact Us:

UnivDatos Market Insights

Email - [email protected], [email protected] 

Contact Number - 0120 455 9411

Website - https://univdatos.com/

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