Control & Connectivity - Mozambique

Mozambique

Revenue in the Control & Connectivity market is projected to reach US$10.0m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 9.46%, resulting in a projected market volume of US$14.3m by 2028.
In the Control & Connectivity market, the number of active households is expected to amount to 368.9k users by 2028.
Household penetration will be 2.4% in 2024 and is expected to hit 3.9% by 2028.
The average revenue per installed Smart Home currently is expected to amount to US$50.02.

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Analyst Opinion

The Control & Connectivity market in Mozambique is experiencing significant growth due to several factors.

Customer preferences: Customers in Mozambique are increasingly demanding reliable and efficient control and connectivity solutions. With the rapid digitization of industries and the growing adoption of Internet of Things (IoT) devices, there is a need for seamless connectivity and effective control systems to manage and monitor these devices. Customers are also looking for solutions that can help them improve operational efficiency, reduce downtime, and enhance overall productivity.

Trends in the market: One of the key trends in the Control & Connectivity market in Mozambique is the increasing adoption of cloud-based solutions. Cloud-based control and connectivity platforms offer several advantages, including scalability, flexibility, and cost-effectiveness. These platforms allow businesses to easily manage and control their devices and systems remotely, without the need for extensive physical infrastructure. This trend is particularly beneficial for small and medium-sized enterprises (SMEs) in Mozambique, as it enables them to access advanced control and connectivity solutions without significant upfront investments. Another trend in the market is the rising demand for cybersecurity solutions. As businesses become more reliant on digital technologies and connectivity, the risk of cyber threats and data breaches increases. Customers in Mozambique are increasingly aware of these risks and are seeking control and connectivity solutions that prioritize cybersecurity. This has led to a growing demand for robust security features, such as encryption, authentication, and intrusion detection systems, in control and connectivity products.

Local special circumstances: Mozambique is a country with a rapidly developing economy, particularly in sectors such as agriculture, energy, and manufacturing. This development has created a need for advanced control and connectivity solutions to optimize operations and improve productivity. Additionally, Mozambique has a large rural population, and there is a growing need to connect remote areas to the digital ecosystem. This presents opportunities for control and connectivity providers to offer solutions tailored to the specific needs of rural communities.

Underlying macroeconomic factors: Mozambique's economy has been growing steadily in recent years, driven by investments in infrastructure development and natural resource extraction. This economic growth has led to increased industrialization and urbanization, which in turn has fueled the demand for control and connectivity solutions. Additionally, the government of Mozambique has been actively promoting digital transformation and the adoption of advanced technologies, creating a favorable environment for the growth of the Control & Connectivity market. In conclusion, the Control & Connectivity market in Mozambique is experiencing significant growth due to increasing customer preferences for reliable and efficient solutions, as well as the adoption of cloud-based platforms and cybersecurity measures. The local special circumstances, such as the country's developing economy and the need to connect remote areas, further contribute to the market's growth. These trends are supported by underlying macroeconomic factors, including Mozambique's economic growth and government initiatives to promote digital transformation.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of smart home products, excluding taxes.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market category. As a basis for evaluating markets, we use the Statista Global Consumer Survey, market data from independent databases and third-party sources, and Statista interviews with market experts. In addition, we use relevant key market indicators and data from country-specific associations, such as household internet penetration and consumer spending for households. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting innovative products due to the non-linear growth of technology adoption. The main drivers are GDP/capita, level of digitization, and consumer attitudes toward smart home integration.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated once a year, in case market dynamics change we do more frequent updates.