Latin America Iot Device Management Market Size & Outlook

The iot device management market in Latin America is expected to reach a projected revenue of US$ 1,410.5 million by 2030. A compound annual growth rate of 36.5% is expected of Latin America iot device management market from 2025 to 2030.
Revenue, 2024 (US$M)
$218.2
Forecast, 2030 (US$M)
$1,410.5
CAGR, 2025 - 2030
36.5%
Report Coverage
Latin America

Latin America iot device management market highlights

  • The Latin America iot device management market generated a revenue of USD 218.2 million in 2024.
  • The market is expected to grow at a CAGR of 36.5% from 2025 to 2030.
  • In terms of segment, solution was the largest revenue generating component in 2024.
  • Service is the most lucrative component segment registering the fastest growth during the forecast period.
  • Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.

Latin America data book summary

Market revenue in 2024USD 218.2 million
Market revenue in 2030USD 1,410.5 million
Growth rate36.5% (CAGR from 2025 to 2030)
Largest segmentSolution
Fastest growing segmentService
Historical data covered2018 - 2023
Base year for estimation2024
Forecast period covered2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSolution, Service
Key market players worldwideBosch, 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 2024.
  • 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 segmentation & scope
Real-time Streaming Analytics
Security Solutions
Data Management
Remote Monitoring
Network Bandwidth Management
Professional Services
Managed Services
SMEs
Large Enterprise
Retail
Healthcare
Transportation & Logistics
Utilities
Manufacturing
Others

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 65.31% in 2024. 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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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.

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Latin America iot device management market size, by country, 2018-2030 (US$M)

Latin America IoT Device Management Market Outlook Share, 2024 & 2030 (US$M)

Latin America iot device management market size, by country, 2018-2030 (US$M)

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