South Africa Internet Of Things (iot) In Retail Market Size & Outlook
South Africa internet of things (iot) in retail market, 2018-2030 (US$B)
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South Africa internet of things (iot) in retail market highlights
- The South Africa internet of things (iot) in retail market generated a revenue of USD 0.5 billion in 2023 and is expected to reach USD 3.0 billion by 2030.
- The South Africa market is expected to grow at a CAGR of 29.2% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Platform is the most lucrative component segment registering the fastest growth during the forecast period.
Internet of things (iot) in retail market data book summary
| Market revenue in 2023 | USD 0.5 billion |
| Market revenue in 2030 | USD 3.0 billion |
| Growth rate | 29.2% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Platform |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Hardware, Platform, Services |
| Key market players worldwide | Cisco Systems Inc, International Business Machines Corp, Intel Corp, SAP SE, ARM Holdings PLC ADR, SoftBank Group Corp, Alphabet Inc Class A, Microsoft Corp, NXP Semiconductors NV, PTC, Aviva PLC, Avnet Inc, Verizon Communications Inc, Zebra Technologies Corp Class A |
Other key industry trends
- In terms of revenue, South Africa accounted for 1.0% of the global internet of things (iot) in retail market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE internet of things (iot) in retail market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 3.0 billion by 2030.
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Internet Of Things (IoT) In Retail Market Scope
Internet Of Things (IoT) In Retail Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa internet of things (iot) in retail 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 internet of things (iot) in retail market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 40% in 2023. Horizon Databook has segmented the South Africa internet of things (iot) in retail market based on hardware, platform, services covering the revenue growth of each sub-segment from 2018 to 2030.
This can be attributed to the increasing adoption of IoT solutions in the country’s retail sector driven by increasing demand for online shopping. This trend underscores the significance of seamless e-commerce experiences, advanced logistics, and enhanced customer services for retailers.
In addition, IoT helps retailers send personalized promotions and offers to customers according to their purchasing patterns and location, which is facilitated through mobile apps or digital signage in the store.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa internet of things (iot) in retail market , including forecasts for subscribers. This country databook contains high-level insights into South Africa internet of things (iot) in retail market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa internet of things (iot) in retail market size, by component, 2018-2030 (US$B)
South Africa Internet Of Things (IoT) In Retail Market Outlook Share, 2023 & 2030 (US$B)
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