Middle East & Africa IoT Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – Offering [Hardware (Processors, Connectivity Modules, Sensors, Memory Devices, and Others), Software, and Services) and End User (Industrial, Commercial, and Residential)
The Middle East & Africa IoT market is expected to grow from US$ 33.01 billion in 2022 to US$ 138.27 billion by 2028. It is estimated to grow at a CAGR of 27.0% from 2022 to 2028.
Increase in Digitalization Across Industries and Rise in Importance of Service Providers is Driving the Middle East & Africa IoT Market
The growing transition from traditional to digital ecosystems across industries is creating a huge demand for connected ecosystems, resulting in the growing demand for IoT-based solutions. Investments in IoT start-ups and supporting market ecosystems are also bolstering the research and development related to IoT. Moreover, the continuous improvements in cloud infrastructure and reduced data service costs are fueling the digitalization of industrial processes. Furthermore, the increasing number of service providers, such as system integrators, managed service providers, and IoT distributors, plays a key role in installing, managing, and monitoring IoT solutions. The Middle East & Africa IoT market ecosystem involves various intermediaries at every stage of the ecosystem. In addition, system integrators integrate all components into a whole and deliver the integrated systems to retailers. At the same time, managed service providers offer numerous services such as device management, data management, security management, and network management to end users. Thus, an increase in digitalization in different sectors and a rise in importance of service providers are expected to be key trends in the Middle East & Africa IoT market.
Middle East & Africa IoT Market Overview
The Middle East & Africa IoT market is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. The Middle East is a dynamic and rapidly developing region that provides massive opportunities for investors and businesses. IoT adoption is already an integral part of the digital transformation of the Middle East & Africa. Moreover, organizations across the Middle East & Africa are already using IoT to achieve various objectives ranging from improving asset utilization and managing risks to creating entirely new business models. Increasing usage of smartphones, growing population of young adults in the states of the Gulf Cooperation Council, and rising number of government initiatives for digital transformation to drive economic growth are a few of the major factors propelling the Middle East & Africa IoT market growth in the region. Retail, manufacturing, and automotive industries are using IoT technology to differentiate their existing products or services from the competition, create new products, and provide enhanced customer experiences. Moreover, the ongoing digitization in Africa is leading to the growth of technological developments in the communication, automotive, and manufacturing industries. The integration of IoT and other advanced technologies in infrastructure, healthcare, and automotive industries is projected to grow, owing to the rising demand for streamlining the respective businesses. Rapid urbanization, digitalization, and smart city construction and a surge in penetration of smartphones and other consumer electronic devices are a few of the major factors driving the need for IoT technology in Middle East & Africa. Moreover, IoT is anticipated to reach an installed base of 21.5 billion active connected devices by 2025, according to the IoT Industry Council of South Africa. Thus, the adoption of IoT in consumer electronics, smart cities, smart homes, intelligent industrial applications, and automation is rapidly increasing, which is anticipated to boost the Middle East & Africa IoT market growth.
Middle East & Africa IoT Market Revenue and Forecast to 2028 (US$ Billion)
Middle East & Africa IoT Market Segmentation
The Middle East & Africa IoT market is segmented into offering, end user, and country.
Based on offering, the Middle East & Africa IoT market is segmented into hardware, software, and services. In 2022, the hardware segment registered a largest share in the Middle East & Africa IoT market. The hardware segment is further subsegmented into processors, connectivity modules, sensors, memory devices, and others.
Based on end user, the Middle East & Africa IoT market is segmented into industrial, commercial, and residential. In 2022, the industrial segment registered a largest share in the Middle East & Africa IoT market.
Based on country, the Middle East & Africa IoT market is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. In 2022, the industrial segment registered a largest share in the Middle East & Africa IoT market.
Cisco Systems, Inc.; Google LLC; Hewlett Packard Enterprise Development LP (HPE); IBM Corporation; Microsoft Corporation; Oracle Corporation; QUALCOMM INCORPORATED; SAP SE; SAS Institute Inc.; and VMware, Inc. are the leading companies operating in the Middle East & Africa IoT market.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa IoT market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa IoT market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the IoT market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
- 1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 MEA IoT Market – by Offering
- 1.3.2 MEA IoT Market – by End User
- 1.3.3 MEA IoT Market – by Country
- 2. Key Takeaways
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. MEA IoT Market Landscape
- 4.1 Market Overview
- 4.2 MEA PEST Analysis
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinions
- 5. MEA IoT Market – Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Increase in Number of Smart City Projects
- 5.1.2 Reduction in Cost of Connected Devices and Increase in Investments in IoT
- 5.1.3 Rise in Implementation of IoT in Automotive Sector
- 5.2 Market Restraints
- 5.2.1 Data Security and Interoperability Issues
- 5.3 Market Opportunities
- 5.3.1 Progressive Deployment of 5G Networks
- 5.4 Future Trends
- 5.4.1 Massive Expansion of E-Commerce Industry
- 5.4.2 Increase in Digitalization Across Industries and Rise in Importance of Service Providers
- 5.5 Impact Analysis of Drivers and Restraints
- 6. IoT Market – MEA Market Analysis
- 6.1 MEA IoT Market Overview
- 6.2 MEA IoT Market Revenue Forecast and Analysis
- 7. MEA IoT Market – By Offering
- 7.1 Overview
- 7.2 MEA IoT Market, by Offering (2021 and 2028)
- 7.3 Hardware
- 7.3.1 Overview
- 7.3.2 Hardware: MEA IoT Market – Revenue and Forecast to 2028 (US$ Billion)
- 7.3.3 Processors
- 7.3.3.1 Overview
- 7.3.3.2 Processors: MEA IoT Market – Revenue and Forecast to 2028 (US$ Billion)
- 7.3.4 Connectivity Modules
- 7.3.4.1 Overview
- 7.3.4.2 Connectivity Modules: MEA IoT Market – Revenue and Forecast to 2028 (US$ Billion)
- 7.3.5 Sensors
- 7.3.5.1 Overview
- 7.3.5.2 Sensors: MEA IoT Market – Revenue and Forecast to 2028 (US$ Billion)
- 7.3.6 Memory Devices
- 7.3.6.1 Overview
- 7.3.6.2 Memory Devices: MEA IoT Market – Revenue and Forecast to 2028 (US$ Billion)
- 7.3.7 Others
- 7.3.7.1 Overview
- 7.3.7.2 Others: MEA IoT Market – Revenue and Forecast to 2028 (US$ Billion)
- 7.4 Software
- 7.4.1 Overview
- 7.4.2 Software: MEA IoT Market – Revenue and Forecast to 2028 (US$ Billion)
- 7.5 Services
- 7.5.1 Overview
- 7.5.2 Service: MEA IoT Market – Revenue and Forecast to 2028 (US$ Billion)
- 8. MEA IoT Market Analysis – by End User
- 8.1 Overview
- 8.2 MEA IoT Market, by End User (2021 and 2028)
- 8.3 Industrial
- 8.3.1 Overview
- 8.3.2 Industrial: MEA IoT Market – Revenue and Forecast to 2028 (US$ Billion)
- 8.4 Commercial
- 8.4.1 Overview
- 8.4.2 Commercial: MEA IoT Market – Revenue and Forecast to 2028 (US$ Billion)
- 8.5 Residential
- 8.5.1 Overview
- 8.5.2 Residential: MEA IoT Market – Revenue and Forecast to 2028 (US$ Billion)
- 9. MEA IoT Market – Country Analysis
- 9.1 Overview
- 9.1.1 MEA IoT Market, by Country
- 9.1.1.1 Saudi Arabia IoT Market - Revenue and Forecast to 2028
- 9.1.1.1.1 Saudi Arabia IoT Market, By Offering
- 9.1.1.1.2 Saudi Arabia IoT Market, By Hardware
- 9.1.1.1.3 Saudi Arabia IoT Market, By End User
- 9.1.1.2 UAE IoT Market - Revenue and Forecast to 2028
- 9.1.1.2.1 UAE IoT Market, By Offering
- 9.1.1.2.2 UAE IoT Market, By Hardware
- 9.1.1.2.3 UAE IoT Market, By End User
- 9.1.1.3 South Africa IoT Market - Revenue and Forecast to 2028
- 9.1.1.3.1 South Africa IoT Market, By Offering
- 9.1.1.3.2 South Africa IoT Market, By Hardware
- 9.1.1.3.3 South Africa IoT Market, By End User
- 9.1.1.4 Rest of MEA IoT Market - Revenue and Forecast to 2028
- 9.1.1.4.1 Rest of MEA IoT Market, By Offering
- 9.1.1.4.2 Rest of MEA IoT Market, By Hardware
- 9.1.1.4.3 Rest of MEA IoT Market, By End User
- 10. Industry Landscape
- 10.1 Overview
- 10.2 Market Initiative
- 10.3 Merger and Acquisition
- 10.4 New Development
- 11. Company Profiles
- 11.1 Microsoft Corporation
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
- 11.2 Hewlett Packard Enterprise Development LP (HPE)
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
- 11.3 SAS Institute Inc.
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
- 11.4 VMware, Inc.
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
- 11.5 Google LLC
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
- 11.6 Oracle Corporation
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
- 11.7 Cisco Systems, Inc.
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
- 11.8 SAP SE
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
- 11.9 IBM Corporation
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
- 11.10 QUALCOMM INCORPORATED
- 11.10.1 Key Facts
- 11.10.2 Business Description
- 11.10.3 Products and Services
- 11.10.4 Financial Overview
- 11.10.5 SWOT Analysis
- 11.10.6 Key Developments
- 12. Appendix
- 12.1 About The Insight Partners
- 12.2 Word Index
- LIST OF TABLES
- Table 1. MEA IoT Market Revenue and Forecast to 2028 (US$ Billion)
- Table 2. MEA IoT Market - Revenue and Forecast to 2028 – By Country (US$ Billion)
- Table 3. Saudi Arabia IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)
- Table 4. Saudi Arabia IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)
- Table 5. Saudi Arabia IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)
- Table 6. UAE IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)
- Table 7. UAE IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)
- Table 8. UAE IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)
- Table 9. South Africa IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)
- Table 10. South Africa IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)
- Table 11. South Africa IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)
- Table 12. Rest of MEA IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)
- Table 13. Rest of MEA IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)
- Table 14. Rest of MEA IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)
- Table 15. List of Abbreviation
- LIST OF FIGURES
- Figure 1. MEA IoT Market Segmentation
- Figure 2. MEA IoT Market Segmentation – By Country
- Figure 3. MEA IoT Market Overview
- Figure 4. MEA IoT Market, by Offering
- Figure 5. MEA IoT Market, by Hardware
- Figure 6. MEA IoT Market, by End User
- Figure 7. MEA IoT Market, by Country
- Figure 8. MEA – PEST Analysis
- Figure 9. MEA IoT Market- Ecosystem Analysis
- Figure 10. Expert Opinion
- Figure 11. MEA IoT Market: Impact Analysis of Drivers and Restraints
- Figure 12. MEA IoT Market Revenue Forecast and Analysis (US$ Billion)
- Figure 13. MEA IoT Market Revenue Share, by Offering (2021 and 2028)
- Figure 14. Hardware: MEA IoT Market – Revenue and Forecast to 2028 (US$ Billion)
- Figure 15. Processors: MEA IoT Market – Revenue and Forecast to 2028 (US$ Billion)
- Figure 16. Connectivity Modules: MEA IoT Market – Revenue and Forecast to 2028 (US$ Billion)
- Figure 17. Sensors: MEA IoT Market – Revenue and Forecast to 2028 (US$ Billion)
- Figure 18. Memory Devices: MEA IoT Market – Revenue and Forecast to 2028 (US$ Billion)
- Figure 19. Others: MEA IoT Market – Revenue and Forecast to 2028 (US$ Billion)
- Figure 20. Software: MEA IoT Market – Revenue and Forecast to 2028 (US$ Billion)
- Figure 21. Service: MEA IoT Market – Revenue and Forecast to 2028 (US$ Billion)
- Figure 22. MEA IoT Market Revenue Share, by End User (2021 and 2028)
- Figure 23. Industrial: MEA IoT Market – Revenue and Forecast to 2028 (US$ Billion)
- Figure 24. Commercial: MEA IoT Market – Revenue and Forecast to 2028 (US$ Billion)
- Figure 25. Residential: MEA IoT Market – Revenue and Forecast to 2028 (US$ Billion)
- Figure 26. MEA IoT Market, by Country — Revenue (2021) (US$ Million)
- Figure 27. MEA IoT Market, by Country, 2021 & 2028 (%)
- Figure 28. Saudi Arabia IoT Market - Revenue and Forecast to 2028 (US$ Billion)
- Figure 29. UAE IoT Market - Revenue and Forecast to 2028 (US$ Billion)
- Figure 30. South Africa IoT Market - Revenue and Forecast to 2028 (US$ Billion)
- Figure 31. Rest of MEA IoT Market - Revenue and Forecast to 2028 (US$ Billion)
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook