The Latin America, Middle East and Africa Cellular IoT Market is expected to witness market growth of 27.0% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Cellular IoT Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $707.8 million by 2031. The Argentina market is showcasing a CAGR of 28.6% during 2024-2031. Additionally, the UAE market would register a CAGR of 25.9% during 2024-2031.
The adoption of these technologies has been steadily growing, driven by several factors, including the increasing need for reliable connectivity, advancements in mobile network technology, and the rise of data-driven business models. The availability of advanced telecommunication infrastructure, such as 5G networks, accelerates the adoption of cellular IoT.
They offers businesses an economically viable solution for large-scale IoT deployments. Cellular networks are often more cost-effective than alternative technologies like satellite or Wi-Fi, particularly for applications requiring wide coverage and mobility. Additionally, many service providers offer low-cost, long-range cellular IoT solutions, such as Low-Power Wide-Area Networks (LPWANs), which are designed to provide connectivity for devices with minimal power consumption.
The rapid advancements in the manufacturing and technology sectors in South Africa and Saudi Arabia are expected to profoundly impact this market in these regions. The rise of electrotechnical equipment manufacturing in South Africa and the increasing growth of the IoT industry in Saudi Arabia are significant factors contributing to the expansion and transformation of this market. The country is strengthening its electronics manufacturing base in South Africa, with more than R90 billion worth of electrotechnical equipment being manufactured annually. Electronics manufacturing contributes 4% to the total manufacturing output, creating a favorable environment for the growth of these applications, especially in industries like smart home systems, connected vehicles, and industrial automation. Thus, both regions are witnessing technological advancements that will significantly increase the need for connected devices and the integration of these solutions.
The Brazil market dominated the LAMEA Cellular IoT Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $707.8 million by 2031. The Argentina market is showcasing a CAGR of 28.6% during 2024-2031. Additionally, the UAE market would register a CAGR of 25.9% during 2024-2031.
The adoption of these technologies has been steadily growing, driven by several factors, including the increasing need for reliable connectivity, advancements in mobile network technology, and the rise of data-driven business models. The availability of advanced telecommunication infrastructure, such as 5G networks, accelerates the adoption of cellular IoT.
They offers businesses an economically viable solution for large-scale IoT deployments. Cellular networks are often more cost-effective than alternative technologies like satellite or Wi-Fi, particularly for applications requiring wide coverage and mobility. Additionally, many service providers offer low-cost, long-range cellular IoT solutions, such as Low-Power Wide-Area Networks (LPWANs), which are designed to provide connectivity for devices with minimal power consumption.
The rapid advancements in the manufacturing and technology sectors in South Africa and Saudi Arabia are expected to profoundly impact this market in these regions. The rise of electrotechnical equipment manufacturing in South Africa and the increasing growth of the IoT industry in Saudi Arabia are significant factors contributing to the expansion and transformation of this market. The country is strengthening its electronics manufacturing base in South Africa, with more than R90 billion worth of electrotechnical equipment being manufactured annually. Electronics manufacturing contributes 4% to the total manufacturing output, creating a favorable environment for the growth of these applications, especially in industries like smart home systems, connected vehicles, and industrial automation. Thus, both regions are witnessing technological advancements that will significantly increase the need for connected devices and the integration of these solutions.
List of Key Companies Profiled
- Cisco Systems, Inc.
- Semtech Corporation
- Microsoft Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- AT&T Inc.
- Ericsson AB
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Vodafone Group Plc
- PTC Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
Market Report Segmentation
By End Use- Automotive & Transportation
- Healthcare
- Agriculture
- Consumer Electronics
- Energy
- Smart Cities
- Environment Monitoring
- Retail
- Other End Use
- Hardware
- Software
- 4G
- 5G
- 3G
- 2G
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Cellular IoT Market by End Use
Chapter 6. LAMEA Cellular IoT Market by Component
Chapter 7. LAMEA Cellular IoT Market by Technology
Chapter 8. LAMEA Cellular IoT Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Cisco Systems, Inc.
- Semtech Corporation
- Microsoft Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- AT&T Inc.
- Ericsson AB
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Vodafone Group Plc
- PTC Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
Methodology
LOADING...
