The Latin America, Middle East and Africa Cellular IoT Market would witness market growth of 27.0% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Cellular IoT Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $707.8 million by 2031. The Argentina market is showcasing a CAGR of 28.6% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 25.9% during (2024 - 2031).

The adoption of these technologies has been steadily growing, driven by several factors, including the increasing need for reliable connectivity, advancements in mobile network technology, and the rise of data-driven business models. The availability of advanced telecommunication infrastructure, such as 5G networks, accelerates the adoption of cellular IoT.
They offers businesses an economically viable solution for large-scale IoT deployments. Cellular networks are often more cost-effective than alternative technologies like satellite or Wi-Fi, particularly for applications requiring wide coverage and mobility. Additionally, many service providers offer low-cost, long-range cellular IoT solutions, such as Low-Power Wide-Area Networks (LPWANs), which are designed to provide connectivity for devices with minimal power consumption.
The rapid advancements in the manufacturing and technology sectors in South Africa and Saudi Arabia are expected to profoundly impact this market in these regions. The rise of electrotechnical equipment manufacturing in South Africa and the increasing growth of the IoT industry in Saudi Arabia are significant factors contributing to the expansion and transformation of this market. The country is strengthening its electronics manufacturing base in South Africa, with more than R90 billion worth of electrotechnical equipment being manufactured annually. Electronics manufacturing contributes 4% to the total manufacturing output, creating a favorable environment for the growth of these applications, especially in industries like smart home systems, connected vehicles, and industrial automation. Thus, both regions are witnessing technological advancements that will significantly increase the need for connected devices and the integration of these solutions.
Free Valuable Insights: The Worldwide Cellular IoT Market is Projected to reach USD 32.56 Billion by 2031, at a CAGR of 25.1%
Based on End Use, the market is segmented into Automotive & Transportation, Healthcare, Agriculture, Consumer Electronics, Energy, Smart Cities, Environment Monitoring, Retail, and Other End Use. Based on Component, the market is segmented into Hardware and Software. Based on Technology, the market is segmented into 4G, 5G, 3G, and 2G. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- Cisco Systems, Inc.
- Semtech Corporation
- Microsoft Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- AT&T Inc.
- Ericsson AB
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Vodafone Group Plc
- PTC Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
LAMEA Cellular IoT Market Report Segmentation
By End Use
- Automotive & Transportation
- Healthcare
- Agriculture
- Consumer Electronics
- Energy
- Smart Cities
- Environment Monitoring
- Retail
- Other End Use
By Component
By Technology
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Cellular IoT Market, by End Use
1.4.2 LAMEA Cellular IoT Market, by Component
1.4.3 LAMEA Cellular IoT Market, by Technology
1.4.4 LAMEA Cellular IoT Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions : 2022, Sep – 2024, Dec) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. LAMEA Cellular IoT Market by End Use
5.1 LAMEA Automotive & Transportation Market by Country
5.2 LAMEA Healthcare Market by Country
5.3 LAMEA Agriculture Market by Country
5.4 LAMEA Consumer Electronics Market by Country
5.5 LAMEA Energy Market by Country
5.6 LAMEA Smart Cities Market by Country
5.7 LAMEA Environment Monitoring Market by Country
5.8 LAMEA Retail Market by Country
5.9 LAMEA Other End Use Market by Country
Chapter 6. LAMEA Cellular IoT Market by Component
6.1 LAMEA Hardware Market by Country
6.2 LAMEA Software Market by Country
Chapter 7. LAMEA Cellular IoT Market by Technology
7.1 LAMEA 4G Market by Country
7.2 LAMEA 5G Market by Country
7.3 LAMEA 3G Market by Country
7.4 LAMEA 2G Market by Country
Chapter 8. LAMEA Cellular IoT Market by Country
8.1 Brazil Cellular IoT Market
8.1.1 Brazil Cellular IoT Market by End Use
8.1.2 Brazil Cellular IoT Market by Component
8.1.3 Brazil Cellular IoT Market by Technology
8.2 Argentina Cellular IoT Market
8.2.1 Argentina Cellular IoT Market by End Use
8.2.2 Argentina Cellular IoT Market by Component
8.2.3 Argentina Cellular IoT Market by Technology
8.3 UAE Cellular IoT Market
8.3.1 UAE Cellular IoT Market by End Use
8.3.2 UAE Cellular IoT Market by Component
8.3.3 UAE Cellular IoT Market by Technology
8.4 Saudi Arabia Cellular IoT Market
8.4.1 Saudi Arabia Cellular IoT Market by End Use
8.4.2 Saudi Arabia Cellular IoT Market by Component
8.4.3 Saudi Arabia Cellular IoT Market by Technology
8.5 South Africa Cellular IoT Market
8.5.1 South Africa Cellular IoT Market by End Use
8.5.2 South Africa Cellular IoT Market by Component
8.5.3 South Africa Cellular IoT Market by Technology
8.6 Nigeria Cellular IoT Market
8.6.1 Nigeria Cellular IoT Market by End Use
8.6.2 Nigeria Cellular IoT Market by Component
8.6.3 Nigeria Cellular IoT Market by Technology
8.7 Rest of LAMEA Cellular IoT Market
8.7.1 Rest of LAMEA Cellular IoT Market by End Use
8.7.2 Rest of LAMEA Cellular IoT Market by Component
8.7.3 Rest of LAMEA Cellular IoT Market by Technology
Chapter 9. Company Profiles
9.1 Cisco Systems, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.5.3 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 Semtech Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional & Segmental Analysis
9.2.4 Product Development and Engineering expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.5.3 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 Microsoft Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Acquisition and Mergers:
9.3.6 SWOT Analysis
9.4 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.4.6 SWOT Analysis
9.5 AT&T, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 Ericsson AB
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.5.2 Product Launches and Product Expansions:
9.6.6 SWOT Analysis
9.7 Qualcomm Incorporated (Qualcomm Technologies, Inc.)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Product Launches and Product Expansions:
9.7.5.2 Acquisition and Mergers:
9.7.6 SWOT Analysis
9.8 Vodafone Group Plc
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental Analysis
9.8.4 Recent strategies and developments:
9.8.4.1 Partnerships, Collaborations, and Agreements:
9.8.4.2 Product Launches and Product Expansions:
9.9 PTC, Inc.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 SWOT Analysis
9.10. Samsung Electronics Co., Ltd. (Samsung Group)
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expenses
9.10.5 Recent strategies and developments:
9.10.5.1 Partnerships, Collaborations, and Agreements:
9.10.5.2 Product Launches and Product Expansions:
9.10.5.3 Acquisition and Mergers:
9.10.6 SWOT Analysis
TABLE 1 LAMEA Cellular IoT Market, 2020 - 2023, USD Million
TABLE 2 LAMEA Cellular IoT Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Cellular IoT Market
TABLE 4 Product Launches And Product Expansions– Cellular IoT Market
TABLE 5 Acquisition and Mergers– Cellular IoT Market
TABLE 6 LAMEA Cellular IoT Market by End Use, 2020 - 2023, USD Million
TABLE 7 LAMEA Cellular IoT Market by End Use, 2024 - 2031, USD Million
TABLE 8 LAMEA Automotive & Transportation Market by Country, 2020 - 2023, USD Million
TABLE 9 LAMEA Automotive & Transportation Market by Country, 2024 - 2031, USD Million
TABLE 10 LAMEA Healthcare Market by Country, 2020 - 2023, USD Million
TABLE 11 LAMEA Healthcare Market by Country, 2024 - 2031, USD Million
TABLE 12 LAMEA Agriculture Market by Country, 2020 - 2023, USD Million
TABLE 13 LAMEA Agriculture Market by Country, 2024 - 2031, USD Million
TABLE 14 LAMEA Consumer Electronics Market by Country, 2020 - 2023, USD Million
TABLE 15 LAMEA Consumer Electronics Market by Country, 2024 - 2031, USD Million
TABLE 16 LAMEA Energy Market by Country, 2020 - 2023, USD Million
TABLE 17 LAMEA Energy Market by Country, 2024 - 2031, USD Million
TABLE 18 LAMEA Smart Cities Market by Country, 2020 - 2023, USD Million
TABLE 19 LAMEA Smart Cities Market by Country, 2024 - 2031, USD Million
TABLE 20 LAMEA Environment Monitoring Market by Country, 2020 - 2023, USD Million
TABLE 21 LAMEA Environment Monitoring Market by Country, 2024 - 2031, USD Million
TABLE 22 LAMEA Retail Market by Country, 2020 - 2023, USD Million
TABLE 23 LAMEA Retail Market by Country, 2024 - 2031, USD Million
TABLE 24 LAMEA Other End Use Market by Country, 2020 - 2023, USD Million
TABLE 25 LAMEA Other End Use Market by Country, 2024 - 2031, USD Million
TABLE 26 LAMEA Cellular IoT Market by Component, 2020 - 2023, USD Million
TABLE 27 LAMEA Cellular IoT Market by Component, 2024 - 2031, USD Million
TABLE 28 LAMEA Hardware Market by Country, 2020 - 2023, USD Million
TABLE 29 LAMEA Hardware Market by Country, 2024 - 2031, USD Million
TABLE 30 LAMEA Software Market by Country, 2020 - 2023, USD Million
TABLE 31 LAMEA Software Market by Country, 2024 - 2031, USD Million
TABLE 32 LAMEA Cellular IoT Market by Technology, 2020 - 2023, USD Million
TABLE 33 LAMEA Cellular IoT Market by Technology, 2024 - 2031, USD Million
TABLE 34 LAMEA 4G Market by Country, 2020 - 2023, USD Million
TABLE 35 LAMEA 4G Market by Country, 2024 - 2031, USD Million
TABLE 36 LAMEA 5G Market by Country, 2020 - 2023, USD Million
TABLE 37 LAMEA 5G Market by Country, 2024 - 2031, USD Million
TABLE 38 LAMEA 3G Market by Country, 2020 - 2023, USD Million
TABLE 39 LAMEA 3G Market by Country, 2024 - 2031, USD Million
TABLE 40 LAMEA 2G Market by Country, 2020 - 2023, USD Million
TABLE 41 LAMEA 2G Market by Country, 2024 - 2031, USD Million
TABLE 42 LAMEA Cellular IoT Market by Country, 2020 - 2023, USD Million
TABLE 43 LAMEA Cellular IoT Market by Country, 2024 - 2031, USD Million
TABLE 44 Brazil Cellular IoT Market, 2020 - 2023, USD Million
TABLE 45 Brazil Cellular IoT Market, 2024 - 2031, USD Million
TABLE 46 Brazil Cellular IoT Market by End Use, 2020 - 2023, USD Million
TABLE 47 Brazil Cellular IoT Market by End Use, 2024 - 2031, USD Million
TABLE 48 Brazil Cellular IoT Market by Component, 2020 - 2023, USD Million
TABLE 49 Brazil Cellular IoT Market by Component, 2024 - 2031, USD Million
TABLE 50 Brazil Cellular IoT Market by Technology, 2020 - 2023, USD Million
TABLE 51 Brazil Cellular IoT Market by Technology, 2024 - 2031, USD Million
TABLE 52 Argentina Cellular IoT Market, 2020 - 2023, USD Million
TABLE 53 Argentina Cellular IoT Market, 2024 - 2031, USD Million
TABLE 54 Argentina Cellular IoT Market by End Use, 2020 - 2023, USD Million
TABLE 55 Argentina Cellular IoT Market by End Use, 2024 - 2031, USD Million
TABLE 56 Argentina Cellular IoT Market by Component, 2020 - 2023, USD Million
TABLE 57 Argentina Cellular IoT Market by Component, 2024 - 2031, USD Million
TABLE 58 Argentina Cellular IoT Market by Technology, 2020 - 2023, USD Million
TABLE 59 Argentina Cellular IoT Market by Technology, 2024 - 2031, USD Million
TABLE 60 UAE Cellular IoT Market, 2020 - 2023, USD Million
TABLE 61 UAE Cellular IoT Market, 2024 - 2031, USD Million
TABLE 62 UAE Cellular IoT Market by End Use, 2020 - 2023, USD Million
TABLE 63 UAE Cellular IoT Market by End Use, 2024 - 2031, USD Million
TABLE 64 UAE Cellular IoT Market by Component, 2020 - 2023, USD Million
TABLE 65 UAE Cellular IoT Market by Component, 2024 - 2031, USD Million
TABLE 66 UAE Cellular IoT Market by Technology, 2020 - 2023, USD Million
TABLE 67 UAE Cellular IoT Market by Technology, 2024 - 2031, USD Million
TABLE 68 Saudi Arabia Cellular IoT Market, 2020 - 2023, USD Million
TABLE 69 Saudi Arabia Cellular IoT Market, 2024 - 2031, USD Million
TABLE 70 Saudi Arabia Cellular IoT Market by End Use, 2020 - 2023, USD Million
TABLE 71 Saudi Arabia Cellular IoT Market by End Use, 2024 - 2031, USD Million
TABLE 72 Saudi Arabia Cellular IoT Market by Component, 2020 - 2023, USD Million
TABLE 73 Saudi Arabia Cellular IoT Market by Component, 2024 - 2031, USD Million
TABLE 74 Saudi Arabia Cellular IoT Market by Technology, 2020 - 2023, USD Million
TABLE 75 Saudi Arabia Cellular IoT Market by Technology, 2024 - 2031, USD Million
TABLE 76 South Africa Cellular IoT Market, 2020 - 2023, USD Million
TABLE 77 South Africa Cellular IoT Market, 2024 - 2031, USD Million
TABLE 78 South Africa Cellular IoT Market by End Use, 2020 - 2023, USD Million
TABLE 79 South Africa Cellular IoT Market by End Use, 2024 - 2031, USD Million
TABLE 80 South Africa Cellular IoT Market by Component, 2020 - 2023, USD Million
TABLE 81 South Africa Cellular IoT Market by Component, 2024 - 2031, USD Million
TABLE 82 South Africa Cellular IoT Market by Technology, 2020 - 2023, USD Million
TABLE 83 South Africa Cellular IoT Market by Technology, 2024 - 2031, USD Million
TABLE 84 Nigeria Cellular IoT Market, 2020 - 2023, USD Million
TABLE 85 Nigeria Cellular IoT Market, 2024 - 2031, USD Million
TABLE 86 Nigeria Cellular IoT Market by End Use, 2020 - 2023, USD Million
TABLE 87 Nigeria Cellular IoT Market by End Use, 2024 - 2031, USD Million
TABLE 88 Nigeria Cellular IoT Market by Component, 2020 - 2023, USD Million
TABLE 89 Nigeria Cellular IoT Market by Component, 2024 - 2031, USD Million
TABLE 90 Nigeria Cellular IoT Market by Technology, 2020 - 2023, USD Million
TABLE 91 Nigeria Cellular IoT Market by Technology, 2024 - 2031, USD Million
TABLE 92 Rest of LAMEA Cellular IoT Market, 2020 - 2023, USD Million
TABLE 93 Rest of LAMEA Cellular IoT Market, 2024 - 2031, USD Million
TABLE 94 Rest of LAMEA Cellular IoT Market by End Use, 2020 - 2023, USD Million
TABLE 95 Rest of LAMEA Cellular IoT Market by End Use, 2024 - 2031, USD Million
TABLE 96 Rest of LAMEA Cellular IoT Market by Component, 2020 - 2023, USD Million
TABLE 97 Rest of LAMEA Cellular IoT Market by Component, 2024 - 2031, USD Million
TABLE 98 Rest of LAMEA Cellular IoT Market by Technology, 2020 - 2023, USD Million
TABLE 99 Rest of LAMEA Cellular IoT Market by Technology, 2024 - 2031, USD Million
TABLE 100 Key Information – Cisco Systems, Inc.
TABLE 101 Key information – Semtech Corporation
TABLE 102 Key Information – Microsoft Corporation
TABLE 103 Key Information – Huawei Technologies Co., Ltd.
TABLE 104 Key Information – AT&T, Inc.
TABLE 105 key information – Ericsson AB
TABLE 106 Key Information – Qualcomm Incorporated
TABLE 107 Key information – Vodafone Group Plc
TABLE 108 key Information – PTC, Inc.
TABLE 109 Key Information – Samsung Electronics Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Cellular IoT Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Cellular IoT Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 7 Key Strategic Move: (Product Launches and Product Expansions : 2022, sep – 2024, Dec) Leading Players
FIG 8 Porter’s Five Forces Analysis – Cellular IoT Market
FIG 9 LAMEA Cellular IoT Market share by End Use, 2023
FIG 10 LAMEA Cellular IoT Market share by End Use, 2031
FIG 11 LAMEA Cellular IoT Market by End Use, 2020 - 2031, USD Million
FIG 12 LAMEA Cellular IoT Market share by Component, 2023
FIG 13 LAMEA Cellular IoT Market share by Component, 2031
FIG 14 LAMEA Cellular IoT Market by Component, 2020 - 2031, USD Million
FIG 15 LAMEA Cellular IoT Market share by Technology, 2023
FIG 16 LAMEA Cellular IoT Market share by Technology, 2031
FIG 17 LAMEA Cellular IoT Market by Technology, 2020 - 2031, USD Million
FIG 18 LAMEA Cellular IoT Market share by Country, 2023
FIG 19 LAMEA Cellular IoT Market share by Country, 2031
FIG 20 LAMEA Cellular IoT Market by Country, 2020 - 2031, USD Million
FIG 21 Recent strategies and developments: Cisco Systems, Inc.
FIG 22 SWOT Analysis: Cisco Systems, Inc.
FIG 23 Recent strategies and developments: Semtech Corporation
FIG 24 SWOT Analysis: Semtech Corporation
FIG 25 SWOT Analysis: Microsoft Corporation
FIG 26 SWOT Analysis: Huawei Technologies Co., Ltd.
FIG 27 Recent strategies and developments: AT&T Inc.
FIG 28 SWOT Analysis: AT&T Inc.
FIG 29 Recent strategies and developments: Ericsson AB
FIG 30 SWOT Analysis: Ericsson AB
FIG 31 Recent strategies and developments: QUALCOMM Incorporated
FIG 32 SWOT Analysis: QUALCOMM Incorporated
FIG 33 Recent strategies and developments: Vodafone Group Plc
FIG 34 Swot Analysis: PTC, Inc.
FIG 35 Recent strategies and developments: Samsung Electronics Co., Ltd.
FIG 36 SWOT Analysis: Samsung Electronics Co., Ltd.