Mexico Iot Node And Gateway Market Size & Outlook
Mexico iot node and gateway market, 2018-2030 (US$B)
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Mexico iot node and gateway market highlights
- The Mexico iot node and gateway market generated a revenue of USD 7,295.4 billion in 2023 and is expected to reach USD 18,630.5 billion by 2030.
- The Mexico market is expected to grow at a CAGR of 14.3% 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 7,295.4 billion |
| Market revenue in 2030 | USD 18,630.5 billion |
| Growth rate | 14.3% (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, Mexico accounted for 1.5% 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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Mexico 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 36.48% in 2023. Horizon Databook has segmented the Mexico 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 Mexico Internet of Things (IoT) Node and Gateway market is expected to grow at the significant CAGR of over 14% over the forecast period from 2023 to 2030. The growth can be attributed to the country's thriving manufacturing industry, which includes automotive, electronics, and aerospace sectors, that has embraced IoT technology to improve operational efficiency and competitiveness.
IoT node and gateway are instrumental in enabling smart manufacturing processes, predictive maintenance, and quality control, which are essential for staying competitive in the global market.
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico iot node and gateway market , including forecasts for subscribers. This country databook contains high-level insights into Mexico iot node and gateway market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico iot node and gateway market size, by connectivity, 2018-2030 (US$B)
Mexico IoT Node And Gateway Market Outlook Share, 2023 & 2030 (US$B)
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