Latin America Blockchain Iot Market Size & Outlook

The blockchain iot market in Latin America is expected to reach a projected revenue of US$ 1,212.7 million by 2030. A compound annual growth rate of 58.2% is expected of Latin America blockchain iot market from 2024 to 2030.
Revenue, 2023 (US$M)
$48.9
Forecast, 2030 (US$M)
$1,212.7
CAGR, 2024 - 2030
58.2%
Report Coverage
Latin America

Latin America blockchain iot market highlights

  • The Latin America blockchain iot market generated a revenue of USD 48.9 million in 2023.
  • The market is expected to grow at a CAGR of 58.2% from 2024 to 2030.
  • In terms of segment, software & platform was the largest revenue generating component in 2023.
  • Services is the most lucrative component segment registering the fastest growth during the forecast period.
  • Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.


Latin America data book summary

Market revenue in 2023USD 48.9 million
Market revenue in 2030USD 1,212.7 million
Growth rate58.2% (CAGR from 2023 to 2030)
Largest segmentSoftware & platform
Fastest growing segmentServices
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHardware, Software & Platform, Services
Key market players worldwideIntel Corp, International Business Machines Corp, Microsoft Corp, Cisco Systems Inc, Amazon.com Inc, WPP PLC, The Linux Foundation, KrypC, IoTeX, R3, Chronicled


Other key industry trends

  • In terms of revenue, Latin America region accounted for 9.6% of the global blockchain iot market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 3,636.0 million by 2030.

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Blockchain IoT Market Companies

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Latin America blockchain iot market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to blockchain iot market will help companies and investors design strategic landscapes.


Software & platform was the largest segment with a revenue share of 51.74% in 2023. Horizon Databook has segmented the Latin America blockchain iot market based on hardware, software & platform, services covering the revenue growth of each sub-segment from 2018 to 2030.


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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America blockchain iot market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America blockchain iot market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America blockchain iot market size, by country, 2018-2030 (US$M)

Latin America Blockchain IoT Market Outlook Share, 2023 & 2030 (US$M)

Latin America blockchain iot market size, by country, 2018-2030 (US$M)

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