Middle East and Africa IoT Market Size- By Component, By End User Industry- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
Middle East and Africa IoT Market Introduction and Overview
According to SPER Market Research, ‘Middle East and Africa IoT Market Size- By Component, By End Use Industry- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the Middle East and Africa IoT Market is estimated to reach USD 504.52 billion by 2033 with a CAGR of 27.81%.
The networking of physical objects with electronics integrated into their architecture to sense and communicate with one another and the outside world is known as the Internet of Things (IoT). IoT-based technology will provide higher quality services and essentially transform how people live their daily lives in the coming years. IoT is widely established in a number of categories, including gene therapies, smart homes, smart cities, smart power, and medical advancements.
The IoT market has been significantly impacted by the COVID-19 pandemic. On the one hand, it hastened the adoption of IoT solutions to deal with the problems brought on by the crisis, especially in supply chain management, remote monitoring, and healthcare. The need for remote patient monitoring, remote operations to ensure business continuity, and supply chain resilience optimization drove this spike in demand for IoT technologies.
Scope of the Report:Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Component, By End-User Industry
Regions covered Kingdom of Saudi Arabia, United Arab Emirates, Rest of Middle East & Africa
Companies CoveredACACIA (UAE), Avnet (US), EPm AI Empowered Solutions (UAE), IOTPlus (UAE), iSAT Africa (Africa), iWire Global (UAE), Scope Middle East (UAE), Telit (US), Trinity (South Africa), Others
Middle East and Africa IoT Market Segmentation:By Component:Based on the component, Middle East and Africa IoT Market is segmented as; Platform, Solution & Services.
By End-use Industry: Based on the end-use industry, Middle East and Africa IoT Market is segmented as; BFSI, Retail, Government, Healthcare, Manufacturing, Agriculture, Sustainable Energy, Transportation, IT & Telecom.
By Region:This research also includes data for Kingdom of Saudi Arabia, United Arab Emirates, Rest of Middle East & Africa.