Latin America Iot Node And Gateway Market Size & Outlook
Latin America iot node and gateway market, 2018-2030 (US$B)
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Latin America iot node and gateway market highlights
- The Latin America iot node and gateway market generated a revenue of USD 37,412.3 billion in 2023.
- The market is expected to grow at a CAGR of 15.6% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 37,412.3 billion |
| Market revenue in 2030 | USD 102,931.2 billion |
| Growth rate | 15.6% (CAGR from 2023 to 2030) |
| Largest segment | Wi-fi |
| Fastest growing segment | Z-Wave |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 7.8% of the global iot node and gateway market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 79,568.5 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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Latin America 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 36.45% in 2023. Horizon Databook has segmented the Latin America 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 Latin America Internet of Things (IoT) node and gateway market is expected to grow at a significant CAGR of over 15% over the forecast period from 2023 to 2030. The region's diverse industries, including agriculture, mining, and manufacturing, have recognized the potential of IoT for optimizing operations and increasing productivity.
IoT solutions such as remote monitoring of equipment, predictive maintenance, and supply chain management have become essential tools for enhancing efficiency and competitiveness in these sectors which is further anticipated to drive the market demand.
Furthermore, the lower cost of IoT hardware and the availability of local startups and innovators have contributed to making IoT technology more accessible to businesses across Latin America. These factors, combined with a growing awareness of IoT benefits, have led to the rapid adoption rate in the region.
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Our clientele includes a mix of iot node and gateway 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 node and gateway market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America iot node and gateway market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America iot node and gateway market size, by country, 2018-2030 (US$B)
Latin America IoT Node And Gateway Market Outlook Share, 2023 & 2030 (US$B)
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