Mexico Internet Of Things (iot) In Retail Market Size & Outlook
Mexico internet of things (iot) in retail market, 2018-2030 (US$B)
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Mexico internet of things (iot) in retail market highlights
- The Mexico internet of things (iot) in retail market generated a revenue of USD 1.6 billion in 2023 and is expected to reach USD 8.8 billion by 2030.
- The Mexico market is expected to grow at a CAGR of 28% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Platform is the most lucrative component segment registering the fastest growth during the forecast period.
Internet of things (iot) in retail market data book summary
| Market revenue in 2023 | USD 1.6 billion |
| Market revenue in 2030 | USD 8.8 billion |
| Growth rate | 28% (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 |
Other key industry trends
- In terms of revenue, Mexico accounted for 3.0% of the global internet of things (iot) in retail market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil internet of things (iot) in retail market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 8.8 billion by 2030.
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Internet Of Things (IoT) In Retail Market Scope
Internet Of Things (IoT) In Retail Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico internet of things (iot) in retail 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 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 43.75% in 2023. Horizon Databook has segmented the Mexico internet of things (iot) in retail market based on hardware, platform, services covering the revenue growth of each sub-segment from 2018 to 2030.
The ongoing expansion of retail chains in the country is creating considerable demand for IoT solutions that can help retail companies optimize their operations, logistics, and customer service.
The proliferation of retail chains, such as Walmart, Coppel, Liverpool, Sears México, and Sanborn’s, and marketplaces such as Amazon Mexico and Mercado Libre, is positively influencing the overall market outlook.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico internet of things (iot) in retail market , including forecasts for subscribers. This country databook contains high-level insights into Mexico internet of things (iot) in retail market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico internet of things (iot) in retail market size, by component, 2018-2030 (US$B)
Mexico Internet Of Things (IoT) In Retail Market Outlook Share, 2023 & 2030 (US$B)
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