Middle East & Africa Spatial Computing Market Size & Outlook
Middle East & Africa spatial computing market, 2018-2030 (US$M)
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MEA spatial computing market highlights
- The MEA spatial computing market generated a revenue of USD 5,465.7 million in 2023.
- The market is expected to grow at a CAGR of 21.3% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Services is the most lucrative component 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 5,465.7 million |
| Market revenue in 2030 | USD 21,141.0 million |
| Growth rate | 21.3% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| 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 | Apple Inc, Alphabet Inc Class A, Lenovo Group Ltd, HTC Corp DR, Microsoft Corp, NVIDIA Corp, PTC, Qualcomm Inc, Oculus VisionTech Inc, Seiko Epson Corp, Sony Group Corp ADR, Unity Software Inc Ordinary Shares, Vuzix Corp, Avegant, Blippar, DAQRI, Magic Leap, 3D Cloud, Zappar |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.3% of the global spatial computing 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 173,356.0 million by 2030.
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Spatial Computing Market Scope
Spatial Computing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa spatial computing 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 spatial computing market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 66.43% in 2023. Horizon Databook has segmented the Middle East & Africa spatial computing market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The spatial computing market in the Middle East & Africa (MEA) is expected ongoing proliferation of smart consumer electronic solutions and technologically advanced gadgets is paving way for the regional market growth.
Moreover, increasing digital connectivity, economic diversification, and greater access to high-speed internet and mobile networks is creating a solid foundation for the adoption of spatial computing solutions, especially in urban areas.
The market growth is being further driven by the launch of innovative solutions by various major market players in the region. For instance, in May 2023, Microsoft announced the availability of HoloLens 2 its versatile mixed reality headset in Saudi Arabia, paving way for spatial computing for the country.
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Our clientele includes a mix of spatial computing 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 spatial computing market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa spatial computing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA spatial computing market size, by country, 2018-2030 (US$M)
Middle East & Africa Spatial Computing Market Outlook Share, 2023 & 2030 (US$M)
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