South Africa IoT Market 2021-2027 - Surging Number of Online and Offline IoT Product Distributors in South Africa - ResearchAndMarkets.com

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The "South Africa IoT Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Offering, Hardware, and End-User" report has been added to ResearchAndMarkets.com's offering.

Services Segment to Dominate South Africa IoT Market during 2019-2027

South Africa IoT Market is expected to reach US$ 29,615.41 million by 2027 from US$ 2,167.41 million in 2019. It is estimated to grow at a CAGR of 40.1% from 2020 to 2027.

The rising adoption of IoT technology across end-use industries such as manufacturing, automotive, and healthcare drives the market growth. With the traditional manufacturing sector among a digital transformation, the IoT fuels intelligent connectivity's next industrial revolution. This is changing the way industries approach increasingly complex systems and machines to improve efficiency and reduce downtime.

The IoT is also anticipated to make a massive transformation in various areas such as replenishing goods. Devices such as a connected fridge that can automatically re-order milk, cheese, or any other product that is running low are being introduced by major electronics manufacturers, such as Samsung and LG.

Additionally, e-commerce platforms are rapidly increasing due to the ease of shopping and growing smartphone penetration in the market, which is likely to propel the South Africa IoT market. The growing need for data analysis and integration of analytics would drive the utilization of the IoT market in South Africa over the forecast period.

In terms of offering, the services segment accounted for the largest share of the South Africa IoT market in 2019. By hardware, the connectivity segment held the largest share of the South Africa IoT market in 2019. On the basis of end-user, the others segment is anticipated to register the highest CAGR during the forecast period.

The governments of Asia Pacific countries took all possible steps to reduce the effects of the COVID-19 outbreak pandemic by announcing lockdown. The temporarcy shutdown of companies had resulted in increased adoption of digital channels of communication among customers and organizations. However, during Q1 and Q2 of 2020, several companies were temporarily shut, which created a supply disruption among the vendors. Thus, the market was slightly impacted. With the release of lockdown, the market again started showing signs of growth.

Bosch Software Innovations GMBH.; CISCO Systems, Inc; Google Inc.; Hewlett Packard Enterprise Development LP; IBM Corporation; Microsoft Corporation; Oracle Corporation; SAS Institute Inc; SAP SE; Qualcomm Technologies, Inc.; Axiz; Communica; Syntech; VMware; First Distribution; Pinnacle; Mustek; Tarsus; Rectron; Drive Control Corporation; and Frontosa are among the leading companies operating in the South Africa IoT market.

Key Topics Covered:

1. Introduction

1.1 Study Scope

1.2 Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

4. South Africa IoT Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

4.5 Premium Insight

4.6 South Africa IoT Market - Regulatory Framework

5. IoT Market - Key Market Dynamics

5.1 Market Drivers

5.1.1 Increasing Number of Smart City Projects in South Africa

5.1.2 Surging Number of Online and Offline IoT Product Distributors in South Africa

5.1.3 Escalating Demand for Implementation of IoT Technologies in Automotive Sector

5.2 Market Restraint

5.2.1 Data Security and Interoperability Issues

5.3 Market Opportunity

5.3.1 Progressive Deployment of 5G Networks

5.4 Future Trend

5.4.1 Increasing Digitalization across Industries and Rising Importance of Service Providers

5.5 Impact Analysis of Drivers and Restraints

6. IoT Market - South Africa Analysis

6.1 IoT Market South Africa Overview

6.2 South Africa IoT Market - Revenue and Forecast to 2027 (US$ Million)

6.3 Market Positioning - Key Players

7. IoT Market Analysis - By Offering

7.1 Overview

7.2 South Africa IoT Market Breakdown, By Offering, 2019 & 2027

7.3 Hardware

7.4 Software

7.5 Services

8. IoT Market Analysis - By Hardware

8.1 Overview

8.2 South Africa IoT Market Breakdown, By Hardware, 2019 & 2027

8.3 Processors

8.4 Sensors

8.5 Connectivity Modules

8.6 Memory Devices

9. IoT Market Analysis - By End-User

9.1 Overview

9.2 South Africa IoT Market Breakdown, By End-User, 2019 & 2027

9.3 Manufacturing

9.4 Energy & Utilities

9.5 IT & Telecom

9.6 BFSI

9.7 Automotive & Transportation

9.8 Retail

9.9 Residential

9.10 Commercial

10. Impact of COVID-19 on South Africa IoT Market

10.1 Impact of COVID-19 Pandemic on South Africa IoT Market

10.1.1 South Africa: Impact Assessment of COVID-19 Pandemic

11. South Africa IoT Market- Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 New Development

12. Company Profiles

  • Bosch Software Innovations GMBH

  • CISCO Systems, Inc

  • Google Inc

  • Hewlett Packard Enterprise Development LP

  • IBM Corporation

  • Microsoft Corporation

  • Oracle Corporation

  • SAS Institute Inc

  • SAP SE

  • Qualcomm Technologies, Inc

  • Axiz

  • Communica

  • Syntech

  • VMware

  • First Distribution

  • Pinnacle

  • Mustek

  • Tarsus

  • Rectron

  • Drive Control Corporation

  • Frontosa

For more information about this report visit https://www.researchandmarkets.com/r/2tgzyz

View source version on businesswire.com: https://www.businesswire.com/news/home/20210308005363/en/

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