Middle East & Africa Cellular Iot Market Size & Outlook
The cellular iot market in Middle East & Africa is expected to reach a projected revenue of US$ 1,952.1 million by 2030. A compound annual growth rate of 26.6% is expected of Middle East & Africa cellular iot market from 2024 to 2030.
Revenue, 2023 (US$M)
$374.9
Forecast, 2030 (US$M)
$1,952.1
CAGR, 2024 - 2030
26.6%
Report Coverage
Middle East & Africa
Middle East & Africa cellular iot market, 2018-2030 (US$M)
MEA cellular iot market highlights
- An overview of the MEA cellular iot market trends heading towards 2030. The MEA market generated a revenue of USD 374.9 million in 2023.
- The overall growth of the MEA market from 2023 to 2030. The market is expected to grow at a CAGR of 26.6% from 2024 to 2030.
- A look at the MEA market revenues per segment in 2023. In terms of segment, hardware was the largest revenue generating component in 2023.
- The segment witnessing the fastest revenue growth within the market. Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 374.9 million |
| Market revenue in 2030 | USD 1,952.1 million |
| Growth rate | 26.6% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.1% of the global cellular 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 10,597.1 million by 2030.
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Cellular IoT Market Scope
Cellular iot market segmentation & scope
End Use
Agriculture
Automotive & Transportation
Consumer Electronics
Energy
Environment Monitoring
Healthcare
Retail
Smart Cities
Others
Technology
2G
3G
4G
5G
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Japan
China
India
South Korea
Brazil
Saudi Arabia
South Africa
Cellular IoT Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa cellular iot market
Related regional statistics
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