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South Africa IoT Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Offering (Hardware, Software, and Services), Hardware (Processors, Sensors, Connectivity Modules, Memory Devices, and Others), and End-User (Manufacturing, Energy and Utilities, IT and Telecom, BFSI, Automotive and Transportation, Retail, Residential, Commercial, and Others)

Code: TIPRE00018231 | Pages: 176 | Industry: Technology, Media and Telecommunications | Date: Feb 2021
Covid

Market Introduction

Internet of Things (IoT) technology helps connect various smart devices to ease the operation and sharing of data. The rising adoption of IoT technology across end-use industries such as manufacturing, automotive, and healthcare drives the growth of the South Africa IoT market. 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. 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.

Market Overview and Dynamics

The South Africa IoT market was valued at US$ 2,167.4 million in 2019 and is projected to reach US$ 29,615.4 million by 2027; it is expected to grow at a CAGR of 40.1% from 2020 to 2027. South Africa is among the most advanced and developed countries in the African region. Ongoing digitization across South Africa is bolstering the growth of the technological developments in communication, automotive, and manufacturing industry. IoT offers lucrative opportunities in the mentioned key sectors. Several emerging companies in South Africa are venturing into the market with the need for cost-efficient manufacturing units. Infrastructure, healthcare, and automotive are the major industries of the country. The integration of IoT and other advanced technologies in mentioned industries is projected to grow across the region in coming years owing to the rising demand for streamlining the respective businesses. Urbanization, rapid digitalization, smart city construction, and rising penetration of smartphones and other consumer electronic devices are a few of the major factors driving the need for 5G technology in the country. Developing IIoT would help in diversifying South Africa’s economy by expanding its manufacturing sector and capitalizing on strong IT sector. Moreover, investment in relation to magnify the scope of IoT has also been made in South Africa.

Key Market Segments

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

COVID-19 Impact

With the increasing number of COVID-19 cases globally, South Africa's economy also significantly impacted in 2020. The country's governing bodies have recently uplifted the travel restrictions, which enabled transportation but with all safety measures and social distancing norms. The supply chain and import & export is getting disrupted due to the COVID-19 outbreak. The growth of the IoT market in South Africa was declined in Q1 and Q2 of 2020, as most of the IoT projects were on hold or slowed down. Numerous companies reduced the investments in new projects. However, the slowdown was for the short term, and from Q3 2020, the demand for digitization got accelerated. Now, companies are strategically investing in connected technologies such as remote asset management. In the medium to long run, the impact of the COVID-19 pandemic on IoT market will be positive due to the increasing demand from various industries such as healthcare, manufacturing, and smart homes. Also, companies will want to build more resilience to be better prepared if another pandemic rattles the world. Additional investment in digital infrastructure can be expected in 2021 and 2022. Overall, the impact of the COVID-19 outbreak on the South Africa IoT market was low to moderate, and it is expected to witness high growth from 2021 onwards.

Major Sources and Companies Listed

A few major primary and secondary sources referred to while preparing the report on the South Africa IoT market are company websites, annual reports, financial reports, national government documents, and statistical database. 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 major companies listed in the report.

Reasons to Buy Report

  • To understand the South Africa IoT market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for the market
  • Efficiently plan M&A and partnership deals in the market by identifying market segments with the most promising probable sales
  • To make knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form of the South Africa IoT market
  • Obtain market revenue forecast for market by various segments from 2020 to 2027 in South Africa.

South Africa IoT Market Segmentation

South Africa IoT Market – by Offering

  • Hardware
  • Software
  • Services

South Africa IoT Market – by Hardware

  • Processors
  • Sensors
  • Connectivity Modules
  • Memory Devices
  • Others

South Africa IoT Market – by Hardware

  • Manufacturing
  • Energy and Utilities
  • IT and Telecom
  • BFSI
  • Automotive and Transportation
  • Retail
  • Residential
  • Commercial
  • Others

South Africa IoT Market -Companies Mentioned

  • 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

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        South Africa IoT Market – By Offering

1.3.2        South Africa IoT Market – By Hardware

1.3.3        South Africa IoT Market – By End-User

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           South Africa IoT Market Landscape

4.1         Market Overview

4.2         PEST Analysis

4.2.1        South Africa

4.3         Ecosystem Analysis

4.4         Expert Opinion

4.5         Premium Insight

4.5.1        IoT Market – Revenue and Forecast to 2027 (US$ Million)

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

7.3.1        Overview

7.3.2        Hardware Market Revenue and Forecast to 2027 (US$ Million)

7.4         Software

7.4.1        Overview

7.4.2        Software Market Revenue and Forecast to 2027 (US$ Million)

7.5         Services

7.5.1        Overview

7.5.2        Services Market Revenue and Forecast to 2027 (US$ Million)

8.           IoT Market Analysis – By Hardware

8.1         Overview

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

8.3         Processors

8.3.1        Overview

8.3.2        Processors Market Revenue and Forecast to 2027 (US$ Million)

8.4         Sensors

8.4.1        Overview

8.4.2        Sensors Market Revenue and Forecast to 2027 (US$ Million)

8.5         Connectivity Modules

8.5.1        Overview

8.5.2        Connectivity Modules Market Revenue and Forecast to 2027 (US$ Million)

8.6         Memory Devices

8.6.1        Overview

8.6.2        Memory Devices Market Revenue and Forecast to 2027 (US$ Million)

8.7         Others

8.7.1        Overview

8.7.2        Others Market Revenue and Forecast to 2027 (US$ Million)

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

9.3.1        Overview

9.3.2        Manufacturing Market Forecast and Analysis

9.4         Energy & Utilities

9.4.1        Overview

9.4.2        Energy & Utilities Market Forecast and Analysis

9.5         IT & Telecom

9.5.1        Overview

9.5.2        IT & Telecom Market Forecast and Analysis

9.6         BFSI

9.6.1        Overview

9.6.2        BFSI Market Forecast and Analysis

9.7         Automotive & Transportation

9.7.1        Overview

9.7.2        Automotive & Transportation Market Forecast and Analysis

9.8         Retail

9.8.1        Overview

9.8.2        Retail Market Forecast and Analysis

9.9         Residential

9.9.1        Overview

9.9.2        Residential Market Forecast and Analysis

9.10      Commercial

9.10.1     Overview

9.10.2     Commercial Market Forecast and Analysis

9.11      Others

9.11.1     Overview

9.11.2     Others Market Forecast and Analysis

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

12.1      Communica (Pty) Ltd.

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      COREX (PTY) LTD

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      SAS Institute Inc.

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      SAP SE

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      QUALCOMM INCORPORATED

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Bosch.IO GmbH

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Cisco Systems, Inc.

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      Google LLC

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      Hewlett Packard Enterprise Development LP (HPE)

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10   IBM Corporation

12.10.1  Key Facts

12.10.2  Business Description

12.10.3  Products and Services

12.10.4  Financial Overview

12.10.5  SWOT Analysis

12.10.6  Key Developments

12.11   Microsoft Corporation

12.11.1  Key Facts

12.11.2  Business Description

12.11.3  Products and Services

12.11.4  Financial Overview

12.11.5  SWOT Analysis

12.11.6  Key Developments

12.12   Oracle Corporation

12.12.1  Key Facts

12.12.2  Business Description

12.12.3  Products and Services

12.12.4  Financial Overview

12.12.5  SWOT Analysis

12.12.6  Key Developments

12.13   First Distribution

12.13.1  Key Facts

12.13.2  Business Description

12.13.3  Products and Services

12.13.4  Financial Overview

12.13.5  SWOT Analysis

12.13.6  Key Developments

12.14   Pinnacle Solutions, Inc.

12.14.1  Key Facts

12.14.2  Business Description

12.14.3  Products and Services

12.14.4  Financial Overview

12.14.5  SWOT Analysis

12.14.6  Key Developments

12.15   Axiz (Pty) Ltd

12.15.1  Key Facts

12.15.2  Business Description

12.15.3  Products and Services

12.15.4  Financial Overview

12.15.5  SWOT Analysis

12.15.6  Key Developments

12.16   Syntech

12.16.1  Key Facts

12.16.2  Business Description

12.16.3  Products and Services

12.16.4  Financial Overview

12.16.5  SWOT Analysis

12.16.6  Key Developments

12.17   Mustek Limited

12.17.1  Key Facts

12.17.2  Business Description

12.17.3  Products and Services

12.17.4  Financial Overview

12.17.5  SWOT Analysis

12.17.6  Key Developments

12.18   Rectron

12.18.1  Key Facts

12.18.2  Business Description

12.18.3  Products and Services

12.18.4  Financial Overview

12.18.5  SWOT Analysis

12.18.6  Key Developments

12.19   Drive Control Corporation (DCC)

12.19.1  Key Facts

12.19.2  Business Description

12.19.3  Products and Services

12.19.4  Financial Overview

12.19.5  SWOT Analysis

12.19.6  Key Developments

12.20   Frontosa

12.20.1  Key Facts

12.20.2  Business Description

12.20.3  Products and Services

12.20.4  Financial Overview

12.20.5  SWOT Analysis

12.20.6  Key Developments

12.21   VMware, Inc.

12.21.1  Key Facts

12.21.2  Business Description

12.21.3  Products and Services

12.21.4  Financial Overview

12.21.5  SWOT Analysis

12.21.6  Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Glossary of Terms

 

LIST OF TABLES

Table 1.             IoT Market – Revenue and Forecast to 2027 (US$ Million)

Table 2.             IoT Market – Revenue and Forecast to 2027 (US$ Million)

Table 3.             Word of Index: IoT Market

 

LIST OF FIGURES

Figure 1.           South Africa IoT Market Segmentation

Figure 2.           South Africa IoT market overview

Figure 3.           Hardware segment is expected to dominate the South Africa IoT market, by offering

Figure 4.           Connectivity Modules is the fastest growing segment in South Africa IoT market, by hardware

Figure 5.           South Africa– PEST Analysis

Figure 6.           South Africa IoT Market– Ecosystem Analysis

Figure 7.           Expert Opinion

Figure 8.           IoT Market Impact Analysis of Drivers and Restraints

Figure 9.           IoT Market – Revenue and Forecast to 2027 (US$ Million)

Figure 10.        South Africa IoT Market Breakdown, By Offering (2019 and 2027)

Figure 11.        Hardware Market Revenue and Forecast to 2027(US$ Million)

Figure 12.        Software Market Revenue and Forecast to 2027(US$ Million)

Figure 13.        Services Market Revenue and Forecast to 2027(US$ Million)

Figure 14.        South Africa IoT Market Breakdown, By Hardware (2019 and 2027)

Figure 15.        Processors Market Revenue and Forecast to 2027(US$ Million)

Figure 16.        Sensors Market Revenue and Forecast to 2027(US$ Million)

Figure 17.        Connectivity Modules Market Revenue and Forecast to 2027(US$ Million)

Figure 18.        Memory Devices Market Revenue and Forecast to 2027(US$ Million)

Figure 19.        Others Market Revenue and Forecast to 2027(US$ Million)

Figure 20.        South Africa IoT Market Breakdown, By End-User, 2019 & 2027 (%)

Figure 21.        Manufacturing Market Revenue and Forecast to 2027 (US$ Million)

Figure 22.        Energy & Utilities Market Revenue and Forecast to 2027 (US$ Million)

Figure 23.        IT & Telecom Market Revenue and Forecast to 2027 (US$ Million)

Figure 24.        BFSI Market Revenue and Forecast to 2027 (US$ Million)

Figure 25.        Automotive & Transportation Market Revenue and Forecast to 2027 (US$ Million)

Figure 26.        Retail Market Revenue and Forecast to 2027 (US$ Million)

Figure 27.        Residential Market Revenue and Forecast to 2027 (US$ Million)

Figure 28.        Commercial Market Revenue and Forecast to 2027 (US$ Million)

Figure 29.        Others Market Revenue and Forecast to 2027 (US$ Million)

Figure 30.        Impact of COVID-19 Pandemic on South Africa IoT Market

The List of Companies - South Africa IoT Market

  1. Bosch Software Innovations GMBH
  2. CISCO Systems, Inc
  3. Google Inc
  4. Hewlett Packard Enterprise Development LP
  5. IBM Corporation
  6. Microsoft Corporation
  7. Oracle Corporation
  8. SAS Institute Inc
  9. SAP SE
  10. Qualcomm Technologies, Inc
  11. Axiz
  12. Communica
  13. Syntech
  14. VMware
  15. First Distribution
  16. Pinnacle
  17. Mustek
  18. Tarsus
  19. Rectron
  20. Drive Control Corporation
  21. Frontosa
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South Africa IoT market.

  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the South Africa IoT market, thereby allowing players across the value chain to develop effective long-term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth South Africa IoT market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

 


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