Middle East & Africa Smart Pole Market Size & Outlook
Middle East & Africa smart pole market, 2017-2030 (US$M)
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MEA smart pole market highlights
- The MEA smart pole market generated a revenue of USD 617.6 million in 2023.
- The market is expected to grow at a CAGR of 20.7% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Service is the most lucrative component segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 617.6 million |
| Market revenue in 2030 | USD 2,302.4 million |
| Growth rate | 20.7% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Service |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Service |
| Key market players worldwide | Wolfspeed Inc, Eaton Corp PLC, Adesto Technologies, Portland General Electric Co, Siemens AG, Signify NV, Silver Spring Networks, Telensa, Wipro Ltd ADR, Zumtobel Group AG ADR |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.9% of the global smart pole 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 13,628.9 million by 2030.
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Smart Pole Market Scope
Smart Pole Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa smart pole 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 smart pole market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 50.55% in 2023. Horizon Databook has segmented the Middle East & Africa smart pole market based on hardware, software, service covering the revenue growth of each sub-segment from 2017 to 2030.
The MEA region is experiencing a rapid increase in infrastructure development projects in countries such as Dubai, Saudi Arabia, and s o on. This is anticipated to result in large-scale adoption of various smart pole systems and software solutions to set up an efficient infrastructure.
The region is home to several countries that are willing to adopt the latest technologies owing to their higher financial capital. Furthermore, the number of tourist places in the region is higher, which contributes to the influx of tourists from different parts of the world.
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Target buyers of Middle East & Africa smart pole market databook
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Our clientele includes a mix of smart pole 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa smart pole market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa smart pole market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Smart Pole Market Outlook Share, 2023 & 2030 (US$M)
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