NIGERIA INDUSTRIAL IOT MARKET

INTRODUCTION

To gather, monitor, and analyze data from industrial activities, an ecosystem of devices, sensors, apps, and related networking hardware is used by industrial IoT.

The analysis of such data improves maintenance and troubleshooting skills while also increasing visibility. The existence of Connected Cars is an example of the industrial internet of things that may be useful to the automobile sector.

Sensors, cameras, and GPS are just a few of the gadgets connected automobiles utilise to scan data from the vehicle. This information is used to enhance performance, lower emissions, and enhance safety.

The development of industrial automation systems is greatly facilitated by the Internet of Things. With the purpose of reducing mistakes and inefficiencies, largely from humans, IoT combined with computer automation controls helps simplify industrial processes and increase data automation.

Predictive maintenance, fewer mistakes, enhanced quality control, and maximize efficiency are all advantages of IOT that will increase a manufacturer's earnings. A manufacturing company's management may find the most important tool provided by industrial IoT to be insights available at any time and from any location.

NIGERIA INDUSTRIAL IOT MARKET SIZE AND FORECAST

The Nigeria Industrial IOT Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

NEW PRODUCT LAUNCH

MTN Nigeria and Ericsson Launch 5G Services. With the successful rollout of 5G services, Ericsson and MTN Nigeria have accomplished a historic feat. The outcome of a successful cooperation, which reaffirms a strong tradition of collaborations between the two parties, is this historic agreement.

The 5G technology from Ericsson, which comprises 5G Radio Access Network & NSA Packet Core, will hasten the growth and digitization of important industries like education, healthcare, and manufacturing in the first phase of the rollout, which covers sections of Lagos and Nigeria.

It will also give consumers and businesses access to cutting-edge 5G applications that will enable millions of new consumers in the nation to fully utilise the Internet of Things (IoT), Artificial Intelligence (AI), Smart Cities, and Immersive Communication over Augmented (AR) and Virtual reality (VR).

MTN will offer cutting-edge mobile internet and fixed wireless access services through the Ericsson Radio System, creating a number of brand-new options for businesses.

Through innovative Sustainable Development efforts for agriculture, energy, financial inclusion, and security, among other areas, the new 5G services have the potential to overcome institutional obstacles and bring about progress.

The 5G network that MTN Nigeria will deploy in the future, powered by Ericsson, will be powered by software-defined network capabilities that will enable a higher level of practical autonomy than is now possible.

Opportunities for better performance, more efficiency, improved customer experiences, as well as new business models and use cases for 5G, IoT, and enterprise, are being created by AI.

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Industrial IOT are manufactured per annum Nigerialy? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Nigeria Industrial IOT and key vendor selection criteria
3. Where is the Industrial IOT manufactured? What is the average margin per unit?
4. Market share of Nigeria Industrial IOT market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Nigeria Industrial IOT in-house
6. key predictions for next 5 years in Nigeria Industrial IOT market
7. Average B-2-B Industrial IOT market price in all segments
8. Latest trends in Industrial IOT market, by every market segment
9. The market size (both volume and value) of the Industrial IOT market in 2023-2030 and every year in between?
10. Production breakup of Industrial IOT market, by suppliers and their OEM relationship