Middle East & Africa Iot Platform Market Size & Outlook
The iot platform market in Middle East & Africa is expected to reach a projected revenue of US$ 1,914.0 million by 2030. A compound annual growth rate of 16.1% is expected of Middle East & Africa iot platform market from 2025 to 2030.
- Enterprise Technology & Automation
- Cloud & Data Center Infrastructure
- IoT Platform Market Outlook
- Cloud & Data Center Infrastructure
Revenue, 2024 (US$M)
$749.9
Forecast, 2030 (US$M)
$1,914.0
CAGR, 2025 - 2030
16.1%
Report Coverage
Middle East & Africa
Global Market
Related Markets
Prism AI by Grand View ResearchFree to try
Ask a question about the iot platform market
Every figure cited from GVR research
MEA iot platform market highlights
- The MEA iot platform market generated a revenue of USD 749.9 million in 2024.
- The market is expected to grow at a CAGR of 16.1% from 2025 to 2030.
- In terms of segment, platform was the largest revenue generating component in 2024.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2025 to 2030.
MEA data book summary
| Market revenue in 2024 | USD 749.9 million |
| Market revenue in 2030 | USD 1,914.0 million |
| Growth rate | 16.1% (CAGR from 2025 to 2030) |
| Largest segment | Platform |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Platform, Services |
| Key market players worldwide | Microsoft Corp, Amazon Web Services, Google, Siemens AG, International Business Machines Corp, Cisco Systems Inc, Oracle Corp, PTC Inc, SAP SE ADR, Intel Corp |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.7% of the global iot platform market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 1,914.0 million by 2030.
No credit card required*
Publish Date: Jan 17, 2025
Customize the Report
20% free customization
- Include
- Countries, segments, points
- Tailor
- To your product definition
- Extend
- Deeper competitor detail
- Or
- A fully bespoke study
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
IoT Platform Market Scope
IoT Platform Market segmentation & scope
Others
IoT Platform Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Oracle Corp | View profile | 164,000 | 2300 Oracle Way, Austin, TX, United States, 78741 | www.oracle.com |
| Intel Corp | View profile | 124,800 | 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 | www.intel.com |
| International Business Machines Corp | View profile | 282,200 | One New Orchard Road, Armonk, NY, United States, 10504 | www.ibm.com |
| Microsoft Corp | View profile | 221,000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | www.microsoft.com |
| SAP SE ADR | View profile | 107,602 | Dietmar-Hopp-Allee 16, Walldorf, BW, Germany, 69190 | www.sap.com |
| Siemens AG | View profile | 321,000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | www.siemens.com |
| Cisco Systems Inc | View profile | 84,900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | www.cisco.com |
| PTC Inc | View profile | 7,231 | 121 Seaport Boulevard, Boston, MA, United States, 02210 | www.ptc.com |
| View profile | 10001+ | Mountain View, California, United States, North America | www.google.com | |
| Amazon Web Services | View profile | 10001+ | Seattle, Washington, United States, North America | aws.amazon.com |
Middle East & Africa IoT Platform Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to IoT Platform Market Outlook will help companies and investors design strategic landscapes.
Platform was the largest segment with a revenue share of 78.14% in 2024.
Horizon Databook has segmented the Middle East & Africa iot platform market based on platform, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Middle East & Africa Iot Platform Market Component Outlook (Revenue, USD Million , 2018-2030)
- Platform
- Services
- Middle East & Africa Iot Platform Market Deployment Outlook (Revenue, USD Million , 2018-2030)
- Private Cloud
- Public Cloud
- Hybrid
- Middle East & Africa Iot Platform Market Organization Size Outlook (Revenue, USD Million , 2018-2030)
- Small & Medium Enterprises
- Large Enterprises
- Middle East & Africa Iot Platform Market Application Outlook (Revenue, USD Million , 2018-2030)
- Smart Manufacturing
- Building & Home Automation
- Smart Grid and Utilities
- Connected Healthcare
- Smart Retail
- Smart Transportation
- Telecommunications
- Others
Reasons to subscribe to IoT Platform Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of IoT Platform Market Outlook databook
- Our clientele includes a mix of IoT Platform Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa IoT Platform Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa IoT Platform Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Middle East Africa Iot Platform Market, 2018-2030 (US$M)
MEA iot platform market statistics, by component, 2018-2030 (US$M)
