Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Component (Platform, Service, Software Solution), By Application (Building & Home Automation, Smart Energy, Smart Manufacturing, Connected Logistics, Connected Health, Smart Retail, Smart Mobility & Transportation, Security & Emergencies), By Platform (Device Management Platform, Application Management Software, Network Management Software), By Software Solution (Real-time Stream Analytics, Security Solution, Data Management, Remote Monitoring System, Network Bandwidth Management), By Service (Professional Services, Managed Services) And Competitive Landscape
Product Code: ETC4602704 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Africa EMEA IoT Market report thoroughly covers the market By Countries, By Component, By Application, By Platform, By Software Solution, By Service. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Africa EMEA IoT Market was valued at USD 50 billion and is expected to reach USD 100 billion, growing at a CAGR of around 15% from 2025 to 2031. This growth is driven by the increasing adoption of IoT technologies across various sectors, including manufacturing, healthcare, transportation, and energy. As businesses and governments in the region prioritize digital transformation, the demand for smart devices, connected infrastructure, and data-driven solutions continues to rise. The market expansion is also supported by advancements in 5G connectivity, AI, and cloud computing. Additionally, initiatives to enhance smart city developments and industrial automation are accelerating the deployment of IoT solutions, further boosting market growth across Africa and EMEA.
Africa EMEA IoT Market growth is driven by the increasing adoption of IoT solutions in diverse industries such as healthcare, manufacturing, transportation, and energy. Advancements in technologies like 5G, artificial intelligence, and cloud computing are fueling this expansion, enabling smarter and more connected devices. Additionally, the push for digital transformation, government support for smart cities, and industrial automation are significant contributors. The region's growing connectivity infrastructure and the rise of innovative IoT applications present substantial opportunities for market players and investors.
According to 6Wresearch, the Africa EMEA IoT Market Size is expected to reach a significant CAGR of 15% during the forecast period 2025-2031. This signals robust expansion driven by increasing adoption of Internet of Things (IoT) technologies across sectors such as healthcare, agriculture, and smart cities. The anticipated growth is attributed to advancements in connectivity, rising investments in infrastructure, and a growing emphasis on digital transformation within enterprises. This market potential presents significant opportunities for stakeholders in the IoT ecosystem, including solution providers, infrastructure developers, and service providers. 6Wresearch’s insights underline the importance of addressing key challenges in deployment and scalability while leveraging diverse opportunities presented in this dynamic market landscape.
Trend analysis within the Africa EMEA IoT Market reveals several novel developments shaping the industry. A notable trend is the integration of IoT solutions with artificial intelligence (AI) to enhance decision-making and operational efficiency, particularly in sectors like agriculture and healthcare. Additionally, the rise of low-power wide-area networks (LPWAN) is improving connectivity in remote areas, enabling broader IoT adoption. Increased focus on sustainability has also driven the deployment of IoT-enabled smart grids and energy management systems. Furthermore, the proliferation of affordable IoT devices is making these technologies more accessible to small and medium-sized enterprises (SMEs). These trends demonstrate the market’s evolution toward more innovative, cost-effective, and inclusive solutions, highlighting diverse growth opportunities in the years to come.
Investment Opportunities in the Africa EMEA IoT industry are abundant, driven by rapid technological advancement and market demand. One key area is agriculture, where IoT solutions like smart irrigation and crop monitoring systems optimize productivity and resource management. The healthcare sector also presents opportunities, with IoT-enabled telemedicine and patient monitoring tools gaining traction. Furthermore, investments in LPWAN infrastructure and connectivity projects can yield significant returns by addressing underserved rural markets. Energy and utilities also stand out, with a growing demand for smart grids and IoT-driven energy efficiency solutions aligning with sustainability goals. Lastly, supporting the SME ecosystem through affordable IoT hardware and software solutions is a lucrative prospect, fostering innovation and creating wide-reaching economic impacts.
Leading players in the Africa EMEA IoT market are driving innovation and adoption through strategic investments and partnerships. Companies such as Vodafone, Siemens, and Huawei are enhancing connectivity with advanced technologies like NB-IoT and LTE-M networks. Additionally, regional startups are emerging as significant contributors by addressing localized challenges with customized IoT solutions. Key sectors such as healthcare, agriculture, and energy are witnessing enhanced services from global and local collaborations. These players are not only investing in infrastructure but also building ecosystems that include training programs and accessible IoT platforms for SMEs. Their efforts are creating a robust and competitive IoT landscape in the region, fostering economic growth and improving technological inclusivity across diverse markets.
Government regulations play a crucial role in shaping the growth and performance of the Africa EMEA IoT market. Policies focused on data privacy, security standards, and spectrum allocation have provided a framework to ensure technological advancements align with ethical and legal standards. Regulatory bodies are actively promoting investments in digital infrastructure while ensuring fair market competition. Furthermore, initiatives such as subsidies for IoT projects in critical sectors like agriculture and healthcare are accelerating adoption. By fostering a supportive policy environment, governments are enabling innovation, safeguarding consumer interests, and ensuring that IoT technologies contribute to sustainable economic development across the region.
Future insights indicate that the Africa EMEA IoT market is poised for substantial expansion, driven by increasing connectivity, technological innovation, and the integration of IoT solutions across industries. The rise of 5G networks is expected to revolutionize IoT implementation, enabling faster and more reliable data transfer. Key sectors such as smart cities, healthcare, and agriculture are likely to witness high IoT adoption, addressing regional challenges like urbanization and resource optimization. Additionally, collaborative efforts between governments, private enterprises, and international organizations will play a critical role in scaling IoT deployments. By aligning advancements with sustainable development goals, the Africa EMEA IoT market is set to become a significant contributor to economic growth and technological transformation in the coming years.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
Nigeria is poised to emerge as a dominant player in the Africa EMEA IoT market, driven by its growing adoption of IoT technologies across key industries and its large, tech-savvy population. With the rapid expansion of urban areas and a focus on smart city initiatives, IoT solutions are being employed to address challenges related to traffic management, energy consumption, and public safety. Furthermore, the healthcare sector in Nigeria is leveraging IoT technologies to improve patient care through advanced monitoring systems and telemedicine solutions. Agriculture, another critical industry in Nigeria, is also benefiting from IoT-driven innovations such as precision farming and resource management tools. The country's adoption of these technologies highlights its commitment to increasing productivity and reducing waste.
According to Ravi Bhandari, Research Head, 6Wresearch, Software Solutions are set to take a leading role in the Africa EMEA IoT market, driven by the growing demand for advanced analytics, data management, and application-specific platforms. With the increasing volume of IoT devices generating vast amounts of data, the need for robust software capable of processing, analyzing, and visualizing this data has become paramount. Key areas of focus include cloud-based platforms, artificial intelligence, and machine learning algorithms that enable real-time decision-making and predictive analytics. These software solutions not only enhance the efficiency of IoT deployments but also facilitate scalability and interoperability, which are critical for diverse applications across industries. Sectors such as manufacturing, healthcare, and agriculture are prioritizing software integration to optimize processes, reduce downtime, and improve overall productivity.
Smart Manufacturing is emerging as a key application driving the adoption of IoT technologies within the Africa EMEA region. By leveraging IoT-enabled devices and sensors, manufacturers are optimizing production processes, improving supply chain management, and reducing operational costs. Real-time data collection and analysis facilitate predictive maintenance, minimizing equipment downtime and ensuring the seamless operation of industrial facilities. The integration of IoT in smart manufacturing also supports enhanced quality control through automated monitoring systems, which detect inconsistencies and defects early in the production cycle. Additionally, advancements in robotics and artificial intelligence, combined with IoT solutions, are enabling more flexible and adaptive production lines. These efficiencies are particularly significant as industries in the region aim to boost competitiveness in the global market.
Real-time Stream Analytics is emerging as a critical software solution in the Africa EMEA IoT market, driving significant advancements in data processing and decision-making. This technology enables organizations to analyze vast amounts of data generated by IoT devices as it is being produced, offering actionable insights with minimal latency. Industries such as manufacturing, healthcare, and transportation increasingly rely on these capabilities to enhance operational efficiency, improve customer experiences, and achieve faster response times. The demand for real-time stream analytics is fueled by the growing number of connected devices across the region, generating unprecedented volumes of data. These solutions ensure that data processing occurs continuously, empowering businesses to detect anomalies, optimize resource allocation, and predict trends in near real-time.
Africa EMEA IoT Market report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Africa EMEA IoT Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa EMEA IoT Market Revenues & Volume, 2021 & 2031F |
3.3 Africa EMEA IoT Market - Industry Life Cycle |
3.4 Africa EMEA IoT Market - Porter's Five Forces |
3.5 Africa EMEA IoT Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Africa EMEA IoT Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.7 Africa EMEA IoT Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Africa EMEA IoT Market Revenues & Volume Share, By Platform, 2021 & 2031F |
3.9 Africa EMEA IoT Market Revenues & Volume Share, By Software Solution, 2021 & 2031F |
3.10 Africa EMEA IoT Market Revenues & Volume Share, By Service, 2021 & 2031F |
4 Africa EMEA IoT Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa EMEA IoT Market Trends |
6 Africa EMEA IoT Market, 2021 - 2031 |
6.1 Africa EMEA IoT Market, Revenues & Volume, By Component , 2021 - 2031 |
6.2 Africa EMEA IoT Market, Revenues & Volume, By Application, 2021 - 2031 |
6.3 Africa EMEA IoT Market, Revenues & Volume, By Platform, 2021 - 2031 |
6.4 Africa EMEA IoT Market, Revenues & Volume, By Software Solution, 2021 - 2031 |
6.5 Africa EMEA IoT Market, Revenues & Volume, By Service, 2021 - 2031 |
7 South Africa EMEA IoT Market, 2021 - 2031 |
7.1 South Africa EMEA IoT Market, Revenues & Volume, By Component , 2021 - 2031 |
7.2 South Africa EMEA IoT Market, Revenues & Volume, By Application, 2021 - 2031 |
7.3 South Africa EMEA IoT Market, Revenues & Volume, By Platform, 2021 - 2031 |
7.4 South Africa EMEA IoT Market, Revenues & Volume, By Software Solution, 2021 - 2031 |
7.5 South Africa EMEA IoT Market, Revenues & Volume, By Service, 2021 - 2031 |
8 Nigeria EMEA IoT Market, 2021 - 2031 |
8.1 Nigeria EMEA IoT Market, Revenues & Volume, By Component , 2021 - 2031 |
8.2 Nigeria EMEA IoT Market, Revenues & Volume, By Application, 2021 - 2031 |
8.3 Nigeria EMEA IoT Market, Revenues & Volume, By Platform, 2021 - 2031 |
8.4 Nigeria EMEA IoT Market, Revenues & Volume, By Software Solution, 2021 - 2031 |
8.5 Nigeria EMEA IoT Market, Revenues & Volume, By Service, 2021 - 2031 |
9 Kenya EMEA IoT Market, 2021 - 2031 |
9.1 Kenya EMEA IoT Market, Revenues & Volume, By Component , 2021 - 2031 |
9.2 Kenya EMEA IoT Market, Revenues & Volume, By Application, 2021 - 2031 |
9.3 Kenya EMEA IoT Market, Revenues & Volume, By Platform, 2021 - 2031 |
9.4 Kenya EMEA IoT Market, Revenues & Volume, By Software Solution, 2021 - 2031 |
9.5 Kenya EMEA IoT Market, Revenues & Volume, By Service, 2021 - 2031 |
10 Rest of Africa EMEA IoT Market, 2021 - 2031 |
10.1 Rest of Africa EMEA IoT Market, Revenues & Volume, By Component , 2021 - 2031 |
10.2 Rest of Africa EMEA IoT Market, Revenues & Volume, By Application, 2021 - 2031 |
10.3 Rest of Africa EMEA IoT Market, Revenues & Volume, By Platform, 2021 - 2031 |
10.4 Rest of Africa EMEA IoT Market, Revenues & Volume, By Software Solution, 2021 - 2031 |
10.5 Rest of Africa EMEA IoT Market, Revenues & Volume, By Service, 2021 - 2031 |
11 Africa EMEA IoT Market Key Performance Indicators |
12 Africa EMEA IoT Market - Opportunity Assessment |
12.1 Africa EMEA IoT Market Opportunity Assessment, By Countries, 2021 & 2031F |
12.2 Africa EMEA IoT Market Opportunity Assessment, By Component , 2021 & 2031F |
12.3 Africa EMEA IoT Market Opportunity Assessment, By Application, 2021 & 2031F |
12.4 Africa EMEA IoT Market Opportunity Assessment, By Platform, 2021 & 2031F |
12.5 Africa EMEA IoT Market Opportunity Assessment, By Software Solution, 2021 & 2031F |
12.6 Africa EMEA IoT Market Opportunity Assessment, By Service, 2021 & 2031F |
13 Africa EMEA IoT Market - Competitive Landscape |
13.1 Africa EMEA IoT Market Revenue Share, By Companies, 2024 |
13.2 Africa EMEA IoT Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |