Mexico Consumer Iot Market Size & Outlook, 2025-2033
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Mexico consumer iot market highlights
- The Mexico consumer iot market generated a revenue of USD 4,721.4 million in 2024 and is expected to reach USD 16,557.6 million by 2033.
- The Mexico market is expected to grow at a CAGR of 15.2% from 2025 to 2033.
- In terms of segment, hardware was the largest revenue generating component in 2024.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
Consumer iot market data book summary
| Market revenue in 2024 | USD 4,721.4 million |
| Market revenue in 2033 | USD 16,557.6 million |
| Growth rate | 15.2% (CAGR from 2025 to 2033) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Alphabet Inc Class A, Amazon.com Inc, Apple Inc, Cisco Systems Inc, Honeywell International Inc, International Business Machines Corp, Intel Corp, Microsoft Corp, Samsung Electronics Co Ltd, AT&T, LG Energy Solution |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.8% of the global consumer iot market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Latin America, Brazil consumer iot market is projected to lead the regional market in terms of revenue in 2033.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 16,557.6 million by 2033.
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Consumer IoT Market Scope
Consumer IoT Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| LG Energy Solution | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.lgensol.com |
| AT&T | View profile | 10001+ | Dallas, Texas, United States, North America | https://www.att.com |
| Cisco Systems Inc | View profile | 84900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | https://www.cisco.com |
| Samsung Electronics Co Ltd | View profile | 124804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | https://www.samsung.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Alphabet Inc Class A | View profile | 180895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | https://www.abc.xyz |
| Microsoft Corp | View profile | 221000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | https://www.microsoft.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
| Intel Corp | View profile | 124800 | 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 | https://www.intel.com |
| Apple Inc | View profile | 161000 | One Apple Park Way, Cupertino, CA, United States, 95014 | https://www.apple.com |
| Amazon.com Inc | View profile | 1525000 | 410 Terry Avenue North, Seattle, WA, United States, 98109-5210 | https://www.amazon.com |
Mexico consumer 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 consumer iot market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 45.75% in 2024. Horizon Databook has segmented the Mexico consumer iot market based on hardware, software, services covering the revenue growth of each sub-segment from 2021 to 2033.
Reasons to subscribe to Mexico consumer iot market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Mexico consumer iot market databook
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Our clientele includes a mix of consumer iot market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico consumer iot market , including forecasts for subscribers. This country databook contains high-level insights into Mexico consumer iot market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico Component - Consumer Iot Market size, 2024 - 2033 (US$M)
Mexico Consumer IoT Market Outlook Share, 2024 & 2033 (US$M)
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