Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Vertical (Manufacturing, Energy, Oil & Gas, Healthcare, Retail, Transportation, Metals & Mining, Agriculture), By Component (Hardware, Software, Services), By And Competitive Landscape
Product Code: ETC4603329 | Publication Date: Jul 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | Africa Industrial IoT Market |
Forecast period | 2025-2031 |
CAGR | 5.3% |
Growing Sector | Manufacturing and Energy |
Africa Industrial IoT Market report thoroughly covers the market By Countries, By Vertical, and By Component. 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.
The Africa Industrial IoT (Internet of Things) market is projected to experience significant growth from 2025 to 2031. In 2025, the market size is estimated to be approximately USD 8.2 billion. This growth is expected to continue at a robust CAGR of around 5.3%, reaching an estimated USD 14 billion by 2031. This expansion is driven by increasing adoption of IoT solutions across various industries, improvements in network infrastructure, and a growing focus on digital transformation across the continent. As businesses increasingly look to leverage IoT technologies for operational efficiency and enhanced productivity, the market is poised for dynamic growth over the forecast period.
Africa Industrial IoT Market is at a critical juncture, characterized by rapid technological advancements and a burgeoning appetite for digital solutions among various sectors. As businesses across the continent increasingly recognize the potential of IoT technologies to enhance operational efficiency and drive productivity, investment in IIoT infrastructure is gaining momentum. Key sectors, including manufacturing, agriculture, and energy, are leading the charge, leveraging IoT capabilities to streamline processes, reduce costs, and improve decision-making through data-driven insights. Additionally, government initiatives aimed at fostering innovation and creating a favorable environment for technology adoption further underscore the importance of IIoT in facilitating sustainable economic growth across Africa.
According to 6Wresearch, the Africa Industrial IoT Market size is expected to reach a CAGR of 5.3% during the forecast period of 2025-2031. The Africa Industrial IoT (IIoT) market growth is driven by a combination of factors including increased industrial automation, a growing emphasis on operational efficiency, and the need for real-time data analytics. The trend towards smart manufacturing and predictive maintenance is accelerating as companies seek to reduce costs and improve productivity. Additionally, the rise of mobile technology and access to affordable internet connectivity are expanding opportunities for IIoT implementations across various sectors.
However, the industry faces several challenges, including infrastructure limitations, regulatory hurdles, and concerns over data security, which could hinder widespread adoption. Nonetheless, the emergence of innovative technologies, such as edge computing and AI-driven analytics, presents new opportunities for stakeholders to optimize their operations and enhance decision-making processes, paving the way for a more connected and efficient industrial landscape in Africa.
In recent years, several governments have recognized the importance of the Industrial Internet of Things (IIoT) as a catalyst for economic growth and diversification. Policies aimed at encouraging innovation and technological adoption have emerged across the continent, with initiatives focused on providing funding for research and development, promoting public-private partnerships, and establishing regulatory frameworks that foster a conducive environment for IoT deployment. For example, South Africa's Department of Telecommunications and Postal Services has rolled out strategies to enhance broadband access, which is crucial for IIoT applications, while Kenya has initiated the "Digital Economy Blueprint" to promote the integration of digital technologies in various sectors.
The Africa Industrial IoT industry is characterized by a multitude of key players, spanning both local and international firms. Major technology companies such as IBM, Cisco, and Siemens have established a presence in the region, offering advanced IIoT solutions that cater to various industries, including manufacturing, agriculture, and energy. Additionally, homegrown companies like Liquid Telecom and Africastalking are playing significant roles by providing connectivity solutions and IoT platforms tailored to the specific needs of African businesses. These collaborations between international firms and local enterprises are driving innovation and helping to accelerate the adoption of IoT technologies across the continent.
Africa Industrial IoT market is poised for substantial growth, driven by increasing investments in smart infrastructure, digital transformation, and the rising adoption of Industry 4.0 principles. The expansion of mobile network coverage and the rollout of 5G technology are expected to further enhance connectivity, enabling seamless data exchange and real-time monitoring in industrial operations. Moreover, the demand for sustainable solutions will likely accelerate the development of IoT applications that optimize resource management and promote energy efficiency. As companies seek to leverage data for improved decision-making and operational efficiency, the IIoT landscape in Africa will continue to evolve, presenting numerous opportunities for innovation and economic advancement.
According to Ravi Bhandari, Research Head, 6Wresearch, the manufacturing and energy sectors are experiencing the most rapid growth. The manufacturing industry is leveraging IIoT technologies to enhance production efficiency, reduce downtime through predictive maintenance, and streamline supply chain operations.
The hardware segment is expected to dominate the Africa Industrial IoT Market Share over the years. This is driven by the rising demand for smart sensors and devices that facilitate real-time data gathering and connectivity. Companies are investing heavily in advanced sensors, controllers, and gateways that play a pivotal role in enabling seamless communication between machinery and cloud-based platforms.
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 Industrial IoT Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa Industrial IoT Market Revenues & Volume, 2021 & 2031F |
3.3 Africa Industrial IoT Market - Industry Life Cycle |
3.4 Africa Industrial IoT Market - Porter's Five Forces |
3.5 Africa Industrial IoT Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Africa Industrial IoT Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
3.7 Africa Industrial IoT Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.9 Africa Industrial IoT Market Revenues & Volume Share, By , 2021 & 2031F |
4 Africa Industrial IoT Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Industrial IoT Market Trends |
6 Africa Industrial IoT Market, 2021 - 2031 |
6.1 Africa Industrial IoT Market, Revenues & Volume, By Vertical, 2021 - 2031 |
6.2 Africa Industrial IoT Market, Revenues & Volume, By Component, 2021 - 2031 |
6.4 Africa Industrial IoT Market, Revenues & Volume, By , 2021 - 2031 |
7 South Africa Industrial IoT Market, 2021 - 2031 |
7.1 South Africa Industrial IoT Market, Revenues & Volume, By Vertical, 2021 - 2031 |
7.2 South Africa Industrial IoT Market, Revenues & Volume, By Component, 2021 - 2031 |
7.4 South Africa Industrial IoT Market, Revenues & Volume, By , 2021 - 2031 |
8 Nigeria Industrial IoT Market, 2021 - 2031 |
8.1 Nigeria Industrial IoT Market, Revenues & Volume, By Vertical, 2021 - 2031 |
8.2 Nigeria Industrial IoT Market, Revenues & Volume, By Component, 2021 - 2031 |
8.4 Nigeria Industrial IoT Market, Revenues & Volume, By , 2021 - 2031 |
9 Kenya Industrial IoT Market, 2021 - 2031 |
9.1 Kenya Industrial IoT Market, Revenues & Volume, By Vertical, 2021 - 2031 |
9.2 Kenya Industrial IoT Market, Revenues & Volume, By Component, 2021 - 2031 |
9.4 Kenya Industrial IoT Market, Revenues & Volume, By , 2021 - 2031 |
10 Rest of Africa Industrial IoT Market, 2021 - 2031 |
10.1 Rest of Africa Industrial IoT Market, Revenues & Volume, By Vertical, 2021 - 2031 |
10.2 Rest of Africa Industrial IoT Market, Revenues & Volume, By Component, 2021 - 2031 |
10.4 Rest of Africa Industrial IoT Market, Revenues & Volume, By , 2021 - 2031 |
11 Africa Industrial IoT Market Key Performance Indicators |
12 Africa Industrial IoT Market - Opportunity Assessment |
12.1 Africa Industrial IoT Market Opportunity Assessment, By Countries, 2021 & 2031F |
12.2 Africa Industrial IoT Market Opportunity Assessment, By Vertical, 2021 & 2031F |
12.3 Africa Industrial IoT Market Opportunity Assessment, By Component, 2021 & 2031F |
12.5 Africa Industrial IoT Market Opportunity Assessment, By , 2021 & 2031F |
13 Africa Industrial IoT Market - Competitive Landscape |
13.1 Africa Industrial IoT Market Revenue Share, By Companies, 2024 |
13.2 Africa Industrial IoT Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |