South Africa Internet of Things Market to Grow at a CAGR of 20.96% During the Forecast Period 2020-2025
Posted on Jun 26 2020 5:15 PM "Rise of Artificial Intelligence and Big Data Driving the Growth of South Africa Internet of Things Market." South Africa Internet of Things (IoT) Market size was valued $2,079.63 million in 2019, estimated to grow at a CAGR of 20.96% during 2020-2025. The digital transformation in the manufacturing industry leading to the implementation of smart manufacturing are further fueling the South Africa IoT market industry. The rising use of software such as digital twin technology, smart home assistance software and so on are also enhancing the market growth. Furthermore, the rise of COVID-19 pandemic has enabled the vendors to provide technology-enabled solutions in the healthcare industry. This key factors are enhancing the growth of the South Africa IoT market during the forecast period 2020-2025. Component- Segment Analysis Software segment held the largest market share in the South Africa IoT market in 2019. The increasing use of software-...