Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Component (Platforms, Software Solutions, Services), By Vertical (Manufacturing, Energy and Utilities, Transportation and Mobility, BFSI, Government and Defense, Retail, Healthcare and Life Sciences, Telecom), By Technology (ML and Deep Learning, NLP) And Competitive Landscape
Product Code: ETC4602221 | Publication Date: Jul 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Africa AI in IoT Market |
Forecast period | 2025-2031 |
CAGR | 7.24% |
Growing Sector | Agriculture |
Africa AI In IoT Market report thoroughly covers the market By Countries, By Component, By Vertical, and By Technology. The market outlook 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 AI In IoT Market was valued at USD 2.1 billion and is expected to reach USD 3.5 billion, growing at a CAGR of around 7.24 % from 2025 to 2031. This growth is driven by the increasing adoption of AI-powered IoT solutions across various industries, such as agriculture, healthcare, manufacturing, and energy, where these technologies are used for automation, data analysis, and process optimization. Government initiatives to develop smart cities and sustainable urban solutions are further boosting the demand for AI-integrated IoT systems.
Additionally, the expanding internet infrastructure and mobile network coverage across the region are enabling broader access to IoT devices and applications. The market is also supported by increased investments in AI and IoT technologies, which are fostering innovation and improving product offerings. As Africa continues its digital transformation, AI in IoT will play a pivotal role in driving industrial growth and technological advancement.
Africa AI In IoT Market is witnessing a remarkable growth, driven by the increasing adoption of IoT devices across various sectors such as agriculture, healthcare, and manufacturing. The integration of Artificial Intelligence (AI) with the Internet of Things (IoT) is revolutionizing these sectors by enabling smarter decision-making processes, optimizing operational efficiencies, and enhancing productivity. In agriculture, for instance, AI-powered IoT devices are being used to monitor soil moisture levels and predict weather patterns, thereby assisting in precision farming. The healthcare sector is also benefiting from this synergy, with AI-enhanced wearable devices and remote monitoring tools improving patient outcomes.
According to 6Wresearch, the Africa AI In IoT Market size is anticipated to reach a CAGR of 7.24% during the forecast period of 2025-2031. The growth of the market is propelled by several key factors, including a surge in the adoption of smart devices and internet penetration across the continent. With an expanding urban population and a youthful demographic eager to adopt technology, the demand for smart, IoT-enabled solutions is on the rise. Major trends shaping the industry include the integration of AI with IoT to enhance decision-making processes, improve efficiency in various sectors such as agriculture, healthcare, and retail, and foster sustainable development practices.
However, the Africa AI In IoT Market Growth is limited due to concerns over data privacy, the digital divide between urban and rural areas, and limited infrastructure capabilities in some regions. Despite these challenges, the market is ripe with emerging opportunities. Advancements in AI and IoT technologies offer potential for innovative solutions to longstanding issues, such as precision agriculture to combat food insecurity, and e-health services to improve access to medical care, presenting a promising outlook for the continent’s technological landscape.
The Africa AI in IoT market has witnessed a significant transformation due to various government policies and schemes aimed at fostering innovation and growth in this sector. Governments across the continent have launched initiatives to encourage the use of artificial intelligence (AI) and Internet of Things (IoT) technologies in key industries such as agriculture, healthcare, and transportation. These policies include investment in tech hubs, offering tax incentives for start-ups, and implementing regulations that support data protection and privacy. Governments across Africa have invested heavily in building tech hubs to support the growth of AI and IoT industries.
Several key players dominate the Africa AI in IoT Market Share, driving innovation and providing cutting-edge solutions. Notable companies include IBM Africa, Microsoft Africa, and local startups like Interswitch and Zipline, which have been pivotal in integrating AI with IoT devices to solve complex challenges. Their initiatives range from improving financial services to deploying drones for medical deliveries in remote areas.
The future of the Africa AI in IoT industry looks promising, with projections indicating exponential growth. The integration of AI and IoT is expected to revolutionize various sectors by improving efficiency, reducing costs, and enhancing services delivery. However, the speed of this growth will largely depend on continued investment in infrastructure, education, and policies conducive to technological innovation. The emergence of local startups and international partnerships will also play a key role in shaping the future landscape of this market. Overall, the Africa AI in IoT market has immense potential to transform industries and improve the lives of people across the continent.
According to Shubham, Senior Research Analyst, 6Wresearch, the Machine Learning (ML) and Deep Learning are experiencing substantial growth due to their pivotal role in predictive analytics and decision-making processes across various sectors, particularly in agriculture for crop yield prediction and in healthcare for disease diagnosis and treatment planning.
By Vertical, Healthcare and Life Sciences are experiencing remarkable growth in the AI in IoT market in Africa on the back of increasing demand for telemedicine, patient monitoring systems, and diagnostic solutions powered by AI, which have become particularly vital in enhancing healthcare accessibility and quality.
The report offers a comprehensive study of the subsequent 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 AI in IoT Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa AI in IoT Market Revenues & Volume, 2021 & 2031F |
3.3 Africa AI in IoT Market - Industry Life Cycle |
3.4 Africa AI in IoT Market - Porter's Five Forces |
3.5 Africa AI in IoT Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Africa AI in IoT Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.7 Africa AI in IoT Market Revenues & Volume Share, By Vertical , 2021 & 2031F |
3.8 Africa AI in IoT Market Revenues & Volume Share, By Technology , 2021 & 2031F |
4 Africa AI in IoT Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa AI in IoT Market Trends |
6 Africa AI in IoT Market, 2021-2031 |
6.1 Africa AI in IoT Market, Revenues & Volume, By Component , 2021-2031 |
6.2 Africa AI in IoT Market, Revenues & Volume, By Vertical , 2021-2031 |
6.3 Africa AI in IoT Market, Revenues & Volume, By Technology , 2021-2031 |
7 South Africa AI in IoT Market, 2021-2031 |
7.1 South Africa AI in IoT Market, Revenues & Volume, By Component , 2021-2031 |
7.2 South Africa AI in IoT Market, Revenues & Volume, By Vertical , 2021-2031 |
7.3 South Africa AI in IoT Market, Revenues & Volume, By Technology , 2021-2031 |
8 Nigeria AI in IoT Market, 2021-2031 |
8.1 Nigeria AI in IoT Market, Revenues & Volume, By Component , 2021-2031 |
8.2 Nigeria AI in IoT Market, Revenues & Volume, By Vertical , 2021-2031 |
8.3 Nigeria AI in IoT Market, Revenues & Volume, By Technology , 2021-2031 |
9 Kenya AI in IoT Market, 2021-2031 |
9.1 Kenya AI in IoT Market, Revenues & Volume, By Component , 2021-2031 |
9.2 Kenya AI in IoT Market, Revenues & Volume, By Vertical , 2021-2031 |
9.3 Kenya AI in IoT Market, Revenues & Volume, By Technology , 2021-2031 |
10 Rest of Africa AI in IoT Market, 2021-2031 |
10.1 Rest of Africa AI in IoT Market, Revenues & Volume, By Component , 2021-2031 |
10.2 Rest of Africa AI in IoT Market, Revenues & Volume, By Vertical , 2021-2031 |
10.3 Rest of Africa AI in IoT Market, Revenues & Volume, By Technology , 2021-2031 |
11 Africa AI in IoT Market Key Performance Indicators |
12 Africa AI in IoT Market - Opportunity Assessment |
12.1 Africa AI in IoT Market Opportunity Assessment, By Countries, 2021 & 2031F |
12.2 Africa AI in IoT Market Opportunity Assessment, By Component , 2021 & 2031F |
12.3 Africa AI in IoT Market Opportunity Assessment, By Vertical , 2021 & 2031F |
12.4 Africa AI in IoT Market Opportunity Assessment, By Technology , 2021 & 2031F |
13 Africa AI in IoT Market - Competitive Landscape |
13.1 Africa AI in IoT Market Revenue Share, By Companies, 2024 |
13.2 Africa AI in IoT Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |