Brazil Iot Node And Gateway Market Size & Outlook
Brazil iot node and gateway market, 2018-2030 (US$B)
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Brazil iot node and gateway market highlights
- The Brazil iot node and gateway market generated a revenue of USD 13,293.8 billion in 2023 and is expected to reach USD 34,893.7 billion by 2030.
- The Brazil market is expected to grow at a CAGR of 14.8% from 2024 to 2030.
- In terms of segment, wi-fi was the largest revenue generating connectivity in 2023.
- Z-Wave is the most lucrative connectivity segment registering the fastest growth during the forecast period.
Iot node and gateway market data book summary
| Market revenue in 2023 | USD 13,293.8 billion |
| Market revenue in 2030 | USD 34,893.7 billion |
| Growth rate | 14.8% (CAGR from 2023 to 2030) |
| Largest segment | Wi-fi |
| Fastest growing segment | Z-Wave |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Zigbee, Wi-Fi, Bluetooth, Z-Wave |
| Key market players worldwide | Cisco Systems Inc, Sierra Wireless, Intel Corp, International Business Machines Corp, Huawei Technologies, Dell Technologies Inc Ordinary Shares - Class C, Advantech, NXP Semiconductors NV, Eurotech Ltd, Bosch, STMicroelectronics NV, Texas Instruments Inc, Particle, Helium, Laird Connectivity |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.8% of the global iot node and gateway market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil iot node and gateway market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 34,893.7 billion by 2030.
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IoT Node And Gateway Market Scope
IoT Node And Gateway Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil iot node and gateway 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 node and gateway market will help companies and investors design strategic landscapes.
Wi-fi was the largest segment with a revenue share of 36.41% in 2023. Horizon Databook has segmented the Brazil iot node and gateway market based on zigbee, wi-fi, bluetooth, z-wave covering the revenue growth of each sub-segment from 2018 to 2030.
The Internet of Things (IoT) node and gateway market has experienced substantial adoption in Brazil, primarily driven by the country's vast agricultural sector. Brazil is a global agricultural powerhouse, and the adoption of IoT node and gateway has significantly enhanced precision farming practices.
Farmers use IoT devices for real-time monitoring of weather conditions, soil moisture levels, and crop health, enabling them to make data-driven decisions that optimize crop yields and reduce resource waste. Additionally, Brazil's focus on smart city initiatives has contributed to the high adoption of IoT technology.
Major urban centers have implemented IoT solutions for traffic management, waste collection, and public safety. The Brazilian government has also launched incentives and partnerships to foster IoT innovation and development, creating a supportive ecosystem for businesses and startups.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil iot node and gateway market , including forecasts for subscribers. This country databook contains high-level insights into Brazil iot node and gateway market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil iot node and gateway market size, by connectivity, 2018-2030 (US$B)
Brazil IoT Node And Gateway Market Outlook Share, 2023 & 2030 (US$B)
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