Market Research Logo

Colombian Industrial Internet of Things Market, Forecast to 2022

Colombian Industrial Internet of Things Market, Forecast to 2022

This outlook considers the growth potential of hardware, software, connectivity, services, and of primary verticals in the Colombian IoT market. The base year is 2016 and the forecast period is from 2017 to 2022. For the purposes of this research, Industrial IoT refers to the use of IoT technologies in manufacturing, automotive, smart cities, agriculture, utilities, healthcare and other verticals. Consumer IoT, including consumer wearables, phones, TVs, appliances, home monitoring, and home automation are not included. Primary research included extensive interviews with CEOs, directors, and other executives. A bottom-up analysis of the verticals included in the study was based on information in the Frost & Sullivan knowledge base, a modelled analysis of the impact of various drivers and restraints over the forecast period across Colombia, and a modelled demand analysis. These data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments.

Research Scope
The study presents business cases and market drivers and restraints through 2022. It also provides insights regarding growth opportunities and emerging trends that will affect market participants over the forecast period.
The Colombian Industrial Internet of Things (IoT) market revenue is expected to increase from $168.3 million in 2016 to $523.7 million by 2022, at a compound annual growth rate of 20.8%. Some of the main drivers for IoT growth are the migration from IPv4 to IPv6 and from 4G/LTE to 5G to provide future addresses and bandwidth for IoT. 5G will increase network capacity nearly tenfold, with data speeds greater than 1 Gbps and near-zero latency; while IPv6, the latest Internet protocol, can assign 100 unique IP addresses to every atom on the surface of the earth. The Colombian industrial IoT market ecosystem comprises vendors, integrators, and service providers offering IoT wireless or fixed two-way communication technologies.

Key Issues Addressed
Is the market growing, how long will it continue to grow, and at what rate?
Which are the key verticals in this market? Which will grow the fastest by 2022?
How will the revenue shares of the hardware, software, services, and connectivity segments change?
In what stage are organizations in Latin America in evaluating or deploying IoT solutions?
What are Latin American organizations' top 3 concerns in regard to IoT?
What are the top 3 drivers for IoT investments?


  • Executive Dashboard
    • Purpose of this Experiential Study
    • 5-Step Process to Transformational Growth
    • Strategic Imperatives for IoT Market Participants
  • Growth Environment-Market Overview
    • Stakeholders in the IoT Ecosystem
    • Market Definitions
    • Research Scope-Vertical Segmentation
    • Drivers and Restraints
    • Drivers Explained
    • Restraints Explained
  • Market Forecast
    • Forecast Considerations
    • Revenue Forecast
      • Table Industrial IoT Market: Revenue Forecast, Colombia, 2016-2022
    • Percent Revenue Forecast by Segment
      • Table Industrial IoT Market: Percent Revenue Forecast by Segment, Colombia, 2016-2022
    • Revenue Forecast by Segment
      • Table Industrial IoT Market: Revenue Forecast by Segment, Colombia, 2016-2022
    • Revenue Forecast Discussion
    • Percent Revenue Forecast by Vertical
      • Table Industrial IoT Market: Percent Revenue Forecast by Vertical, Colombia, 2016-2022
    • Revenue Forecast by Vertical
      • Table Industrial IoT Market: Revenue Forecast by Vertical, Colombia, 2016-2022
    • Vertical Distribution Matrix
    • Revenue Forecast by Vertical Discussion
  • Market Trends
    • Nexus of Cloud Delivery, Ubiquitous Connectivity, Big Data Analytics, and IoT Transforming Industries
    • Future of Latin American Digital Transformation Markets
  • Project Examples in Colombia-Case Studies
    • Case Study 1--Logistics Management of Harvest and Field
    • Case Study 2--Smart Cities: Bogota
  • Visioning Scenarios
    • Macro to Micro Visioning
    • Trends/Factors Impacting the Colombian Industrial IoT Market
    • Top Predictions for the Colombian Industrial IoT Market
  • Growth Pipeline
    • Levers for Growth
  • Vision and Strategy-Growth Opportunities
    • Growth Opportunity 1-Vertical Integration: Agriculture
    • Growth Opportunity 2-Vertical Integration: Automotive
    • Growth Opportunity 3-Vertical Integration: Healthcare
    • Growth Opportunity 4-Vertical Integration: Manufacturing
    • Growth Opportunity 5-Vertical Integration: Smart Cities
    • Growth Opportunity 6-Vertical Integration: Utilities
  • Brand and Demand-Growth Opportunities
    • Growth Opportunity 7-Return on IoT
  • Growth Opportunities Matrix
    • Identifying Your Company's Growth Zone
  • Appendix

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report