South Africa Spatial Computing Market Size & Outlook
South Africa spatial computing market, 2018-2030 (US$M)
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South Africa spatial computing market highlights
- The South Africa spatial computing market generated a revenue of USD 937.3 million in 2023 and is expected to reach USD 3,826.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 22.3% 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.
Spatial computing market data book summary
| Market revenue in 2023 | USD 937.3 million |
| Market revenue in 2030 | USD 3,826.5 million |
| Growth rate | 22.3% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, South Africa accounted for 0.7% of the global spatial computing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia spatial computing 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 3,826.5 million by 2030.
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Spatial Computing Market Scope
Spatial Computing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South 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% in 2023. Horizon Databook has segmented the South Africa spatial computing market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa captured The market is projected to register a growth rate of 22.3% from 2023 to 2030 owing to the growing consumer inclination for immersive technologies, driven by the increasing penetration of smart devices and high-speed internet in the country.
The entertainment and gaming industry of South Africa are rapidly adopting spatial computing technologies, resulting in increased number of virtual reality arcades and gaming experiences. Moreover, the country is also witnessing technology adoption in education, healthcare, and training.
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Our clientele includes a mix of spatial computing market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa spatial computing market , including forecasts for subscribers. This country databook contains high-level insights into South Africa spatial computing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa spatial computing market size, by component, 2018-2030 (US$M)
South Africa Spatial Computing Market Outlook Share, 2023 & 2030 (US$M)
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