Middle East & Africa Industry 4.0 Market Size & Outlook
Middle East & Africa industry 4.0 market, 2018-2030 (US$M)
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MEA industry 4.0 market highlights
- The MEA industry 4.0 market generated a revenue of USD 4,569.0 million in 2023.
- The market is expected to grow at a CAGR of 21.5% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Software 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 4,569.0 million |
| Market revenue in 2030 | USD 17,886.2 million |
| Growth rate | 21.5% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 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 | ABB Ltd, Cisco Systems Inc, Cognex Corp, Denso Corp, Emerson Electric Co, Fanuc Corp, GE Aerospace, Honeywell International Inc, Intel Corp, Johnson Controls International PLC, Robert Bosch Engineering & Business Solutions, Rockwell Automation Inc, Schneider Electric SE, Siemens AG, Kuka Group |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.6% of the global industry 4.0 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 251,662.2 million by 2030.
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Industry 4.0 Market Scope
Industry 4.0 Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa industry 4.0 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 industry 4.0 market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 51.37% in 2023. Horizon Databook has segmented the Middle East & Africa industry 4.0 market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East and Africa region is experiencing significant growth in its Industry 4.0 market, driven by various factors such as government support, availability of skilled labor, and strategic location. Industry 4.0 refers to the integration of advanced technologies such as robotics, artificial intelligence, and the Internet of Things (IoT) into the manufacturing process to improve efficiency and productivity.
In recent years, governments in the Middle East and Africa have recognized the importance of Industry 4.0 and have made efforts to promote its adoption. Countries such as Saudi Arabia, UAE, and South Africa have invested heavily in infrastructure, education, and research to support the growth of advanced manufacturing technologies.
The region has a large pool of technical and engineering talent, which is essential for the adoption of advanced technologies. This talent pool is expected to grow further as the region invests in education and training programs to develop the skills required for Industry 4.0.
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Our clientele includes a mix of industry 4.0 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 industry 4.0 market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa industry 4.0 market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA industry 4.0 market size, by country, 2018-2030 (US$M)
Middle East & Africa Industry 4.0 Market Outlook Share, 2023 & 2030 (US$M)
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