The 2014 Latin American Internet of Things (IoT) Market
The Internet of Things (IoT) is an emerging concept based on the vision of a fully connected world. Seamless connectivity between things, people, processes, and data anywhere, anytime, and in any condition is the goal driving the IoT concept.
The convergence of telecommunications and Internet protocol (IP) technologies has resulted in an increasingly connected world. By 2020, each human being will have an average of connected devices.
Moreover, by 2020, approximately billion connected devices across the globe will be in use, permeating multiple facets of everyday life. This will fundamentally change both private and public modes of operation and will require technology and service providers to re-think their business models and the technological implications of the solutions they introduce.
Internet of Things (IoT) opportunities will reach ~$ trillion USD globally over 2013–2022.
In 2013, Brazil had ~$billion USD and Mexico had ~$ billion USD available.
IoT implementations are expected to grow rapidly across multiple industries, with logistics and transportation enjoying the earliest technology solutions. IoT implementations in consumer technology, manufacturing, healthcare, and the public sector (smart cities) are expected to be the fastest-growing areas over the next years.
The IoT is characterized by a fragmented ecosystem with numerous vendors providing solutions across different technology and industry domains.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook