Middle East & Africa 5g Internet Of Things (iot) Market Size & Outlook
Middle East & Africa 5g internet of things (iot) market, 2020-2030 (US$M)
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MEA 5g internet of things (iot) market highlights
- The MEA 5g internet of things (iot) market generated a revenue of USD 379.8 million in 2023.
- The market is expected to grow at a CAGR of 47.4% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 379.8 million |
| Market revenue in 2030 | USD 5,728.4 million |
| Growth rate | 47.4% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data covered | 2020 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Nokia Oyj, Telefonaktiebolaget L M Ericsson ADR, ZTE Corp Class H, AT&T, Huawei Technologies, Verizon Communications Inc, Thales Group, Vodafone Group PLC, China Mobile, Microsoft Corp |
Other key industry trends
- In terms of revenue, MEA region accounted for 7.3% of the global 5g internet of things (iot) market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 37,030.4 million by 2030.
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5G Internet Of Things (IoT) Market Scope
5G Internet Of Things (IoT) Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 5g internet of things (iot) market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to 5g internet of things (iot) market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 44.5% in 2023. Horizon Databook has segmented the Middle East & Africa 5g internet of things (iot) market based on hardware, software, services covering the revenue growth of each sub-segment from 2020 to 2030.
- Middle East & Africa 5G Internet Of Things (IoT) Component Outlook (Revenue, USD Million, 2020-2030)
- Hardware
- Software
- Services
- Integration and Installation
- Network Connectivity Services
- Training and Consulting
- Support and Maintenance
- Middle East & Africa 5G Internet Of Things (IoT) IoT Connectivity Outlook (Revenue, USD Million, 2020-2030)
- Massive IoT
- Broadband IoT
- Critical IoT
- Industrial Automation IoT
- Middle East & Africa 5G Internet Of Things (IoT) Network Architecture Outlook (Revenue, USD Million, 2020-2030)
- 5G Non-Standalone
- 5G Standalone
- Middle East & Africa 5G Internet Of Things (IoT) Vertical Outlook (Revenue, USD Million, 2020-2030)
- Manufacturing
- Smart Cities
- Energy & Utilities
- Transportation & Logistics
- Enterprises/Corporates
- Healthcare
- Oil & Gas
- Others
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Target buyers of Middle East & Africa 5g internet of things (iot) market databook
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Our clientele includes a mix of 5g internet of things (iot) market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa 5g internet of things (iot) market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa 5g internet of things (iot) market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
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MEA 5g internet of things (iot) market size, by country, 2020-2030 (US$M)
Middle East & Africa 5G Internet Of Things (IoT) Market Outlook Share, 2023 & 2030 (US$M)
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