Middle East & Africa Iot Node And Gateway Market Size & Outlook
Middle East & Africa iot node and gateway market, 2018-2030 (US$B)
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MEA iot node and gateway market highlights
- The MEA iot node and gateway market generated a revenue of USD 25,981.4 billion in 2023.
- The market is expected to grow at a CAGR of 17.3% from 2024 to 2030.
- In terms of segment, wi-fi was the largest revenue generating connectivity in 2023.
- Z-Wave is the most lucrative connectivity segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 25,981.4 billion |
| Market revenue in 2030 | USD 79,568.5 billion |
| Growth rate | 17.3% (CAGR from 2023 to 2030) |
| Largest segment | Wi-fi |
| Fastest growing segment | Z-Wave |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Zigbee, Wi-Fi, Bluetooth, Z-Wave |
| Key market players worldwide | Cisco Systems Inc, Sierra Wireless, Intel Corp, International Business Machines Corp, Huawei Technologies, Dell Technologies Inc Ordinary Shares - Class C, Advantech, NXP Semiconductors NV, Eurotech Ltd, Bosch, STMicroelectronics NV, Texas Instruments Inc, Particle, Helium, Laird Connectivity |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.4% of the global iot node and gateway market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 79,568.5 billion by 2030.
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IoT Node And Gateway Market Scope
IoT Node And Gateway Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa iot node and gateway 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 iot node and gateway market will help companies and investors design strategic landscapes.
Wi-fi was the largest segment with a revenue share of 36.54% in 2023. Horizon Databook has segmented the Middle East & Africa iot node and gateway market based on zigbee, wi-fi, bluetooth, z-wave covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East and Africa (MEA) region is expected to grow at the fastest CAGR of 17.3% over the forecast period from 2023 to 2030. The regional growth can be attributed to the growing focus on digital transformation and economic diversification.
Investments in areas like energy management, transportation, and healthcare have led to the widespread deployment of IoT node and gateway, contributing to high adoption rates. Furthermore, the agriculture sector in parts of Africa has harnessed IoT node and gateway for precision farming, improving crop yields and food security.
Additionally, in Africa, IoT has been crucial for addressing healthcare challenges, enabling remote patient monitoring and disease tracking, especially in rural and underserved areas. The region's efforts to leverage IoT for both urban development and rural empowerment have made it a significant and growing market for IoT node and gateway.
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Target buyers of Middle East & Africa iot node and gateway market databook
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Our clientele includes a mix of iot node and gateway market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa iot node and gateway market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa iot node and gateway market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA iot node and gateway market size, by country, 2018-2030 (US$B)
Middle East & Africa IoT Node And Gateway Market Outlook Share, 2023 & 2030 (US$B)
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