Control & Connectivity - Angola

Angola

Revenue in the Control & Connectivity market is projected to reach €9.1m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 8.92%, resulting in a projected market volume of €13.9m by 2029.
In the Control & Connectivity market, the number of active households is expected to amount to 346.9k users by 2029.
Household penetration will be 2.1% in 2024 and is expected to hit 3.7% by 2029.
The average revenue per installed Smart Home currently is expected to amount to €53.03.

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Control & Connectivity market in Angola has been experiencing significant development and growth in recent years. Customer preferences in the Control & Connectivity market in Angola have been shifting towards more advanced and innovative solutions.

Customers are increasingly looking for products that offer seamless connectivity, high-speed data transfer, and enhanced security features. This trend is driven by the growing demand for reliable and efficient control and connectivity solutions in various industries, including manufacturing, energy, and telecommunications. Trends in the market indicate a strong focus on the adoption of Internet of Things (IoT) technologies.

The integration of IoT devices and systems allows for real-time monitoring, remote control, and automation of processes, leading to improved efficiency and productivity. This trend is expected to continue as more companies in Angola recognize the benefits of IoT in optimizing their operations. Another trend in the Control & Connectivity market in Angola is the increasing demand for cloud-based solutions.

Cloud computing offers businesses the flexibility and scalability they need to manage and store large amounts of data. With the growing popularity of cloud-based applications and services, companies are looking for control and connectivity solutions that can seamlessly integrate with cloud platforms. Local special circumstances in Angola also contribute to the development of the Control & Connectivity market.

The country has been investing heavily in infrastructure development, including the expansion of its telecommunications network. This investment provides a strong foundation for the growth of the Control & Connectivity market, as it enables the deployment of advanced technologies and the expansion of connectivity services. Underlying macroeconomic factors in Angola, such as population growth and urbanization, also play a role in the development of the Control & Connectivity market.

As the population continues to grow and more people move to urban areas, there is an increasing need for reliable and efficient control and connectivity solutions. This creates opportunities for companies in the market to expand their offerings and cater to the growing demand. In conclusion, the Control & Connectivity market in Angola is experiencing significant development and growth.

Customer preferences are shifting towards advanced and innovative solutions, with a focus on IoT technologies and cloud-based solutions. Local special circumstances, such as infrastructure development and population growth, contribute to the market's development. These trends, along with underlying macroeconomic factors, create opportunities for companies to capitalize on the growing demand for control and connectivity solutions in Angola.

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.