MEA IoT Investment to Reach $7.8 Billion in 2017

This will be one of the topics falling under the spotlight at the Internet of the Things Expo 2017, which runs at the Dubai World Trade Centre from 21 – 23 May. IoTx 2017 will highlight how Middle East and Africa investments in IoT alone are estimated to hit USD7.8 billion this year, according to a report by MarketsandMarkets.As global cities become smarter and more connected, the Internet of Things is poised to play a transformative role in enhancing living standards and improving services for the general public. The challenge for governments, councils and urban planners will be ensuring the security of smart cities while also delivering heightened services which protect the functionality of connected communities, their residents and the service providers operating with them.

“IoTX 2017 is the place to be for organisations and stakeholders to explore the latest technologies and solutions and learn to harness IoT- generated data for businesses to thrive in future” said Trixie LohMirmand, SVP, Exhibitions & Events Management, DWTC.

The interactive experience will provide visitors with a glimpse into the future of transportation, with a VR simulation providing a true-to-life look and feel of the Hyperloop journey. The Hyperloop will enable people to travel between Al Ain and Abu Dhabi in 8 to 12 minutes. The smart capsules transporting between 28 and 40 people are equipped with sensors designed to enhance comfort and safety.

“While new-age cities are becoming smarter and more efficient, for them to be completely connected, we need an advanced system of transport, which plays a key role in not only building but shaping smart cities. This is where Hyperloop comes into the picture,” said Bibop Gresta, Chairman, Hyperloop Transportation Technologies.