The South Africa IoT Market size is estimated at USD 6.88 billion in 2024, and is expected to reach USD 12.82 billion by 2029, growing at a CAGR of 13.28% during the forecast period (2024-2029).
As per the GSMA, the number of cellular IoT connections in the South African region will reach 53 million at the end of 2030. Vodacom South Africa claims to have coverage for 80% of the population, a little less than their respective 4G population coverage.
The massive increase in the number of smart wireless devices requires the integration of IoT for smooth functioning. Since many players serve this demand, this market has moderate competition. These IoT service providers sign contracts and invest with various companies to help expand their businesses. As the demand for automated gadgets increases, they have a broader scope of expansion with the development of enhanced IoT solutions. Some significant companies offering services in this sector include Microsoft Corporation, Huawei Technologies, Google Inc., and Cisco Systems, Inc.
In March 2023, Comsol and Ericsson entered into a partnership to digitalize South Africa's mining industry, improve worker safety, increase operational efficiency, and realize its sustainability goals. Comsol has access to the Ericsson Private 5G platform, which enables cutting-edge smart solutions for improved operational effectiveness and security. The high-speed wireless networking solution will be available to Comsol's customers in the mining sector of South Africa.
In February 2023, Liquid Intelligent Technologies was expected to deploy Nokia's innovative transport network technology in the new terrestrial fiber route connecting Mombasa to Johannesburg. This partnership is anticipated to help in the digital transformation of the African region and the expansion of the high-speed fiber backbone on the continent. Liquid's route is expected to provide businesses and households in many of Africa's landlocked cities, towns, and villages with more resilient connectivity and access to numerous data centers and cloud resources.
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