Manufacturing and transportation are the vertical industries leading the way in terms of IoT investment in MEA, with both expected to spend an estimated $1.1 billion each in 2016. The next largest industry, utilities, is expected to see IoT investments of almost $800 million this year. The IoT use cases receiving the greatest levels of investment from MEA organizations across these three industries are:
- Manufacturing Operations, which supports digitally-executed manufacturing, or how manufacturers use intelligent and interconnected input/output tools (sensors, actuators, drives, vision/video equipment etc.) to enable different components in the manufacturing field (e.g. machine tools, robots, conveyor belts) to autonomously exchange information, trigger actions, and control each other independently.
- Freight Monitoring, which uses RFID, GPS, GPRS, and GIS technologies to create an intelligent, Internet-connected transportation system. This system carries out the intelligent recognition, location, tracking, and monitoring of freight and cargo by exchanging information and real-time communications via wireless, satellite, or other channels.
- Smart Grid (Electricity), where non-smart meter field devices owned by the electric utility are used to control and optimize power flow to ensure efficient, safe, and reliable service. The devices are used throughout the electricity distribution grid for tasks such as line sensing, substation automation, and feeder & line equipment control and optimization. Utility owned in-home devices are included in this category when used for grid operations.
Looking across all industries in the MEA region, freight monitoring will receive the greatest level of IoT investment throughout the forecast period, followed by smart grid (electricity) and manufacturing operations. In addition to these use cases, remote health monitoring, smart buildings, and smart home concepts will see significant levels of investment over the next few years. The IoT use cases that will experience the greatest revenue growth over the 2016–2020 forecast period are smart buildings, insurance telematics, and smart grid (gas).
“IoT solution deployments across MEA will continue to see increased adoption rates, both in the public and private sectors, as stakeholders begin to realize an immediate return on their investments,” says Wale Babalola, a research analyst for telecommunications, IoT, and digital media at IDC Middle East, Africa, and Turkey.
In addition, the growing development of purpose-built IoT platforms and the continuing proliferation of smart devices will serve as catalysts for IoT adoption across the region’s industry spectrum.
While manufacturing and transportation will lead the way in terms of overall IoT investments in the MEA region, six industries will see IoT spending levels increase by more than 100% over the 2016–2020 forecast period – construction, consumer, insurance, manufacturing, retail, and telecommunications. Cross-industry investments, which represent use cases common to all industries, are also forecast to see revenues more than double during this period.
“A use case represents a detailed composition of a technology investment that is made to produce a set of end-user benefits,”
says Marcus Torchia, research manager for IoT within IDC’s Customer Insights and Analysis team.
The long-term opportunity for IoT vendors is helping to identify and create immediate and residual benefits for end users through their technologies. We see strong opportunities across many industries. For example, in highly instrumented verticals like manufacturing and transportation, large data sets are used to optimize operational processes and extend the life of high-capital cost assets. In other sectors like healthcare and consumer, IoT technology is being used to produce benefits that improve quality of life.
The Worldwide Semiannual Internet of Things Spending Guide forecasts IoT revenues for 12 technologies and 47 use cases across 20 vertical industries in eight regions and 52 countries. Unlike any other research in the industry, the comprehensive spending guide was designed to help vendors clearly understand the industry-specific opportunity for IoT technologies today.
About IDC Spending Guides
IDC’s Spending Guides provide a granular view of key technology markets from a regional, vertical industry, use case, buyer, and technology perspective. The spending guides are delivered via pivot table format or custom query tool, allowing the user to easily extract meaningful information about each market by viewing data trends and relationships.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC’s analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a subsidiary of IDG, the world’s leading technology media, research, and events company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC.
IDC in the Middle East, Africa, and Turkey
For the Middle East, Africa, and Turkey region, IDC retains a coordinated network of offices in Riyadh, Casablanca, Nairobi, Lagos, Johannesburg, Cairo, and Istanbul, with a regional center in Dubai. Our coverage couples local insight with an international perspective to provide a comprehensive understanding of markets in these dynamic regions. Our market intelligence services are unparalleled in depth, consistency, scope, and accuracy. IDC Middle East, Africa, and Turkey currently fields over 130 analysts, consultants, and conference associates across the region. To learn more about IDC MEA, please visit www.idc-cema.com. You can follow IDC MEA on Twitter at @IDCMEA.
Covid-19 Proves 4IR Is Upon Us – Chijioke Eke, Sidmach Technologies MD
The Coronavius pandemic (COVID-19) has shifted global focus to the technology sector as most activities are now being carried out via technological platforms; most business meetings and transactions are now done through conference telephony and virtual meetings.
This further proves that the fourth Industrial Revolution (4IR) is upon us, says the Managing Director of Sidmach Technologies, Mr. Chijioke Eke.
Mr. Eke made the remarks at the Titan of Tech Conference & Exhibition 2020 organised by TechTV Networks in collaboration with TechEconomy.ng, stressing that the Covid-19 pandemic has proved to be one of the fiercest crisis the world has had to deal with in recent times.
“It is one which has placed the global economy on a standstill and has affected virtually every industry, including the technology industry.
“The biggest takeaway from the pandemic is that: Everyone must be ready for change – both systemic and endemic.
“The pandemic has shifted global focus to the technology sector as most activities are now being carried out via technological platforms; most business meetings and transactions are now done through conference telephony and virtual meetings. This further proves that the 4th Industrial Revolution is upon us.
“It has shifted focus to technological development, e-commerce, search engines, and online marketing as the pandemic has isolated people from their businesses.
“Thus, telecommunications industries have thrived as a result of the isolation situation, which now brings the world to the realization that technological advancement to the industry is what would give businesses the upper hand in maximizing the global pandemic for their benefits.
As a Microsoft Gold Partner, Sidmach is a leading provider of world class solutions which has helped boost productivity, collaboration and creativity for Schools, Teachers, and other businesses.
Tech Experience Centre, a Game-changer for Nigeria – Schneider Electric MD
Christophe Begat, Managing Director, Schneider Electric (Anglophone West Africa) has lent his voice to the expected launch of the Tech Experience Centre, describing it as a development that will firmly establish Nigeria as a major player in the global technology race.
The Tech Experience Centre is an unprecedented initiative which will bring together a number of tech giants under one roof in Lagos, Nigeria to create an immersive experience of the latest technologies in action.
Equally important, the Centre is set to be unveiled on Thursday, October 1, 2020, Nigeria’s 60th Independence Anniversary by the Minister of Communications and Digital Economy, Dr. Isa Ali Pantami. The event will be streamed live to millions across the world via digital channels.
Tech enthusiasts and other experts have identified the launch of the Tech Experience Centre as a potential boost to Nigeria’s technology narrative, a point that Schneider Electric boss, Begat fully espouses.
‘‘The Tech Experience Centre is highly strategic to establish Nigeria as a relevant player in the global technology industry. There is undoubtedly a market for advanced technology solutions in Nigeria that is currently underserved. This is why Schneider Electric, as a global technology provider, was keen on partnering with TD on this project to showcase the potential of technology available right here in Nigeria,’’ he disclosed.
Further, he referenced the capital flight that would be saved, while also talking up the multiplier effects the Tech Experience Centre would have in encouraging local participation and boosting the Nigerian economy.
‘‘As of date, many Nigerians are left wanting when it comes to access to the latest technologies and find themselves having to travel abroad in order to find their desired products. This platform would not only encourage Nigerians to look further inwards into the offers available locally and contribute to growing the Nigerian economy, but also encourage other technology providers to up their game in the kind of offers they make available in Nigeria to cater for this market.’’
A global specialist in energy management and automation in over 100 countries, Schneider Electric is one of the tech brands that will occupy the Tech Experience Centre. Begat says it is an opportunity to bring the latest innovations to the doorsteps of millions of Nigerians.
‘‘This project is a wonderful opportunity for Schneider Electric to get close and personal with end-consumers wishing to experience our technology in a real-life setting. The broad scope of applications of our technology solutions, from Homes & Buildings, to Industries and Infrastructure will certainly spike the interest of a wide range of visitors, from C-level to operators, looking to save costs and simplify operations for greater efficiency.
‘‘Schneider Electric is providing the Smart Home Automation solution in the Centre, which will showcase in a real home setting how one can achieve comfort and peace of mind by monitoring and controlling appliances, lighting and other variables in their home from their smart devices. We are also providing power protection equipment and high-end wiring devices.’’
While praising TD Africa, Sub-Saharan Africa’s leading technology, lifestyle and solutions distributor, the brains behind the project, the Schneider Electric MD revealed his anticipation for other winning collaborations that would emerge from the establishment of the Tech Experience Centre.
‘‘A big congratulation to TD Africa for setting a precedence with this initiative that is redefining the standards of technology in Nigeria. We are proud to count them as a valued partner! TD is a trusted partner and Schneider Electric fully adheres to their vision for this Tech Experience Centre, which promises to be a great success.
‘‘We know that it will attract a lot of visitors keen on discovering our broad range of smart solutions. We were keen to also associate with other Tech giants in this project to maximize the visibility on our technology and demonstrate how seamlessly it integrates with style into any setting,’’ he affirmed.
Tech Experience Centre: HP Expresses Delight, Hails TD Africa
globally renowned tech giant, Hewlett Packard Inc. (HP) has heaped praises on the management of TD Africa for spearheading the project, noting that the centre will herald a new technological wave in Nigeria.
This was disclosed by Ife Afe, Managing Director – Nigeria and District Manager – Central Africa (CAF).
Equally important, HP is one of the global Original Equipment Manufacturer (OEM) that will be represented in the Tech Experience Centre located within Yudala Heights at 13 Idowu Martins, Victoria Island, Lagos.
Consequently, Afe has expressed delight with the development, even as she disclosed that the launch of the centre will bridge the gap to complete technology adoption for millions of Nigerians.
She said: ‘‘I do believe Nigerians are early adopters of new and exciting technology. Having a dedicated space where people can view and experience cutting-edge technology across rich and diverse portfolio is an important step towards complete Adoption.
‘‘Technology is about transformation. This tech centre will serve as a bridge, taking people from the imaginative stage to the experiential stage, thereby unlocking a new technological wave. I am very glad that TD Africa is taking this bold step and I look forward to the great collaborations that will flow out of this initiative.’’
Furthermore, the HP Senior Management Executive reiterated the strong interest in Nigeria by the tech brand.
‘‘We are strong believers in the Nigerian project and the boundless potential inherent in the population when exposed to cutting-edge technology. We also value the foresight and vision of our long-time partner and co-developer – TD Africa. We are proud of this project and are confident of its success and positive impact not just in the sphere of business but also in human capital development,’’ Afe enthused.
On what to expect from HP in the Tech Experience Centre, she revealed that a lot is in store for every visitor.
‘‘HP is in the business of making life better for everyone, everywhere, hence revolutionary innovation in Health care, Security, Gaming and Printing Solutions will be showcased in the Technology Centre. Cutting- edge, sustainable, diverse and relevant innovation in technology.
‘‘This brings technology closer to home. I believe that the ambience of the Tech Centre will cater to a wide spectrum of users: CEO’s, Government officials, entrepreneurs, tech enthusiasts, students, gamers etc. It will be the crucial meeting point of people and technology. Our wide spectrum of products and solutions will cater to all demographics – from first time users to specialists, professionals, gamers to moviemakers, work or play,’’ she affirmed.
The revolutionary Tech Experience Centre, the first of its kind in Africa, is set for launch on Thursday, October 1st 2020, incidentally the occasion of Nigeria’s 60th Independence Anniversary by 12noon, with the launch streamed live online for the benefit of tech enthusiasts.
Expected to officially commission the centre is the Minister of Communica99tions and Digital Economy, Dr. Isa Ali Pantami.
The Tech Centre is widely expected to boost Nigeria’s relevance in the global technology race and shore up the country’s march to technology independence. For the first time, Nigeria will play host to the latest global technologies including those not normally available in Africa, offering all classes of visitors a first-hand experience of new gadgets, solutions and infrastructure that would have previously required a visit abroad, thereby saving corporate organizations, government establishments and individuals money or scarce foreign exchange expended on these trips.
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