Latin America Iot Device Management Market Size & Outlook
Latin America iot device management market, 2018-2030 (US$M)
Related Markets
Latin America iot device management market highlights
- The Latin America iot device management market generated a revenue of USD 168.0 million in 2023.
- The market is expected to grow at a CAGR of 35.5% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating category in 2023.
- Service is the most lucrative category 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 2023 | USD 168.0 million |
| Market revenue in 2030 | USD 1,410.5 million |
| Growth rate | 35.5% (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 |
| Key market players worldwide | Bosch, Smith Micro Software Inc, International Business Machines Corp, Microsoft Corp, Oracle Corp, PTC, Omnicom Group Inc, Advantech, Aeris |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.2% of the global iot device management 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 7,382.0 million by 2030.
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IoT Device Management Market Scope
IoT Device Management Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America iot device management 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 iot device management market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 66.07% in 2023. Horizon Databook has segmented the Latin America iot device management market based on solution, service covering the revenue growth of each sub-segment from 2018 to 2030.
The presence of a large-scale manufacturing sector and automobile industry plants in the Latin American region is expected to boost the demand for IoT device management equipment. The growing smart phone market and the penetration of networking technology is also expected to result in the growth of the connected devices market.
Strategic initiatives by the Brazilian government for the development of digitization in the country is driving the growth of the IoT device management market.
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Our clientele includes a mix of iot device management market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America iot device management market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America iot device management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America iot device management market size, by country, 2018-2030 (US$M)
Latin America IoT Device Management Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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