Market revenue in 2023 | USD 1.8 billion |
Market revenue in 2030 | USD 9.7 billion |
Growth rate | 27.4% (CAGR from 2023 to 2030) |
Largest segment | Hardware |
Fastest growing segment | Platform |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD billion |
Market segmentation | Hardware, Platform, Services |
Key market players worldwide | Cisco Systems Inc, International Business Machines Corp, Intel Corp, SAP SE, ARM Holdings PLC ADR, SoftBank Group Corp, Alphabet Inc Class A, Microsoft Corp, NXP Semiconductors NV, PTC, Aviva PLC, Avnet Inc, Verizon Communications Inc, Zebra Technologies Corp Class A |
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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 internet of things (iot) in retail market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 44.44% in 2023. Horizon Databook has segmented the Brazil internet of things (iot) in retail market based on hardware, platform, services covering the revenue growth of each sub-segment from 2018 to 2030.
This can be attributed to the growing e-commerce sector and increasing retail sales in the country, which is urging retailers to implement IoT technologies to offer enhanced customer experiences.
According to the report released by Trading Economics in 2024, Brazilian retailers are witnessing a considerable increase in retail sales, especially for textiles, clothing and footwear, fuels and lubricants, food, beverages, pharmaceuticals, medical and orthopedic articles, and other personal and household items.
Horizon Databook provides a detailed overview of country-level data and insights on the Brazil internet of things (iot) in retail market , including forecasts for subscribers. This country databook contains high-level insights into Brazil internet of things (iot) in retail market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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