Latin America Industrial Internet Of Things Market Size & Outlook
Latin America industrial internet of things market, 2018-2030 (US$M)
Related Markets
Latin America industrial internet of things market highlights
- The Latin America industrial internet of things market generated a revenue of USD 9,141.0 million in 2023.
- The market is expected to grow at a CAGR of 24.2% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Service is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Peru is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 9,141.0 million |
| Market revenue in 2030 | USD 41,659.2 million |
| Growth rate | 24.2% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Service |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Service, Platform |
| Key market players worldwide | ABB Ltd, ARM Holdings PLC ADR, Microchip Technology Inc, Cisco Systems Inc, GE Aerospace, Honeywell International Inc, Intel Corp, International Business Machines Corp, Microsoft Corp, Rockwell Automation Inc, Schneider Electric SE, Siemens AG |
Other key industry trends
- In terms of revenue, Latin America region accounted for 2.3% of the global industrial internet of things market in 2023.
- Globally, Asia Pacific 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 646,503.5 million by 2030.
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Industrial Internet Of Things Market Scope
Industrial Internet Of Things Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America industrial internet of things 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 industrial internet of things market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 51.31% in 2023. Horizon Databook has segmented the Latin America industrial internet of things market based on solution, service, platform covering the revenue growth of each sub-segment from 2018 to 2030.
- Latin America Industrial Internet Of Things Component Outlook (Revenue, USD Million, 2018-2030)
- Solution
- Remote Monitoring
- Data Management
- Analytics
- Security Solutions
- Others
- Service
- Professional
- Managed
- Platform
- Connectivity Management
- Application Management
- Device Management
- Solution
- Latin America Industrial Internet Of Things End Use Outlook (Revenue, USD Million, 2018-2030)
- Metal & Mining
- Chemical
- Manufacturing
- Energy & Power
- Oil & Gas
- Healthcare
- Logistics & Transport
- Agriculture
- Others
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Our clientele includes a mix of industrial internet of things 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America industrial internet of things market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America industrial internet of things market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America industrial internet of things market size, by country, 2018-2030 (US$M)
Latin America Industrial Internet Of Things Market Outlook Share, 2023 & 2030 (US$M)
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