Charts & Stats

Global Military IoT market [2018-2024] by Middle East and Africa

By Middle East and Africa, the market is segmented into Middle East and Africa, Rest of Middle East and Africa, Saudi Arabia, and UAE (2018-2024)

Author: Wantstats Research TeamSource: Wantstats Repository
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Global Military IoT market [2018-2024] by Middle East and Africa — full underlying data
LabelMiddle East and AfricaRest of Middle East and AfricaSaudi ArabiaUAE
20181276.8 USD Mn336.0 USD Mn362.1 USD Mn578.6 USD Mn
20191398.7 USD Mn370.9 USD Mn399.5 USD Mn628.4 USD Mn
20201532.1 USD Mn409.1 USD Mn440.6 USD Mn682.3 USD Mn
20211677.9 USD Mn451.2 USD Mn485.9 USD Mn740.9 USD Mn
20221837.5 USD Mn497.4 USD Mn535.7 USD Mn804.3 USD Mn
20232011.9 USD Mn548.2 USD Mn590.7 USD Mn873.1 USD Mn
20242202.7 USD Mn604.0 USD Mn651.1 USD Mn947.6 USD Mn

Data Source: Wantstats Repository

Wantstats

Market Dynamics

UAE accounted for the largest market share in 2018 in the Middle East and Africa military iot market, and is expected to reach USD 947.60 Million in 2024 from USD 578.60 Million in 2018. However, Saudi Arabia is the fastest growing market, which is expected to grow at a CAGR of 10.26% during the forecast period 2019 - 2024. hardware segment accounted for the largest market share in 2018, this market is expected to reach USD 856.80 Million in 2024 from USD 536.50 Million in 2018. This market is projected to grow at a CAGR of 8.11% during the forecast period from 2019 - 2024. However, software segment is the fastest growing market, which is expected to grow at a CAGR of 10.70% during the forecast period 2019 - 2024. real time fleet management segment accounted for the largest market share in 2018, this market is expected to reach USD 481.30 Million in 2024 from USD 297.40 Million in 2018. This market is projected to grow at a CAGR of 8.35% during the forecast period from 2019 - 2024.

However, training and simulation segment is the fastest growing market, which is expected to grow at a CAGR of 10.83% during the forecast period 2019 - 2024. wi fi segment accounted for the largest market share in 2018, this market is expected to reach USD 1211.50 Million in 2024 from USD 669.30 Million in 2018. This market is projected to grow at a CAGR of 10.39% during the forecast period from 2019 - 2024. However, wi fi segment is the fastest growing market, which is expected to grow at a CAGR of 10.39% during the forecast period 2019 - 2024.

Research Methodology

Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.

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Co-Founder, Mojave Rail Fabrication Limited

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Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.