Friday, November 22African Digital Business Magazine

Tag: IoT investment

South Africa News

Mitigating IoT Hurdles Can Unlock Billions for SA

With a projected annual growth rate of 13.28%, the South African IoT market is set to reach a staggering US$11.32 billion by 2028. This rise is largely credited to the commercial, mining, agriculture, and manufacturing sectors which are already harnessing intelligent water and energy management solutions. Dr Andrew Dickson, Engineering Executive at CBI-electric: low voltage, says that while IoT is a catalyst for the country's development across various sectors, more needs to be done to propel South Africa into the digital future.   “IoT, short for the Internet of Things, represents a profound technological shift that links physical objects and devices to the internet, enabling them to collect, exchange, and share real-time data,” he explains. “At its core, it fuses the tangible world wi...