The Industrial Internet of Things market is forecast to grow tremendously worldwide by 2024. The market it is expected to register a CAGR of 17.62% in the next five years. 68% of UAE-based companies in key sectors such as industry, transportation and logistics and 66% of those in Saudi Arabia, consider IoT vital for their business operations, but they struggle with sustainability. C-level executives in the UAE complain that lack of funding (37%) and data protection (39%) are the major hurdles.”]