South America Internet of Things (IoT) MarketSouth America Internet of Things (IoT) Market 2024-2032 Trends: Unveiling Growth Opportunities and Competitor Dynamics
South America Internet of Things (IoT) Market by Component (Platform, Solution & Services), by End-use Industry (BFSI, Retail, Government, Healthcare, Manufacturing, Agriculture, Sustainable Energy, Transportation, IT & Telecom, Others), Forecast 2024-2032
Base Year: 2023
150 Pages
South America Internet of Things (IoT) Market 2024-2032 Trends: Unveiling Growth Opportunities and Competitor Dynamics
Key Insights
The South American Internet of Things (IoT) Marketsize was valued at USD 544.38 USD Billion in 2023 and is projected to reach USD 2495.74 USD Billion by 2032, exhibiting a CAGR of 24.3 % during the forecast period. The Internet of Things (IoT) is a digital connection of objects, devices, people, animals, and other entities through the use of the Internet. This varies from the basic simple electrical appliances in our homes to the most complex tools required in technologies and industries. The Main IoT forms are consumer IoT (smart homes and wearables), industrial IoT (industrial assets like machinery, and smart factories), and infrastructural IoT (smart cities and energy networks). The main concepts are dynamic views, ML capabilities, and the possibility to access it from a distance. Use ranges from; health care, agriculture, industries, and cities. The description of IoT indicators and their markets in South America shows the further development of this technology, necessitated by advanced smart city projects and agriculture, as well as the growth of its usage in manufacturing firms.
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South America Internet of Things (IoT) Trends
- Rapid deployment of IoT devices across various industry verticals
- Growing adoption of IoT solutions for enhanced operational efficiency and cost optimization
- Strategic partnerships and collaborations between IoT providers and industry players
- Emergence of edge computing and artificial intelligence (AI)-powered IoT solutions
Driving Forces: What's Propelling the South American Internet of Things (IoT) Market
- Rising demand for connected devices: The increasing adoption of smartphones, wearables, and other connected devices is fueling the demand for IoT solutions.
- Government support for smart city initiatives: Governments in South American countries are actively promoting the development of smart cities, which involves the deployment of IoT infrastructure.
- Growing awareness of IoT benefits: Businesses are becoming increasingly aware of the potential benefits of IoT, such as improved efficiency, reduced costs, and enhanced customer experiences.
Challenges and Restraints in South America Internet of Things (IoT) Market
- Lack of infrastructure: In some areas of South America, there is a lack of reliable and high-speed internet connectivity, which can hinder the adoption of IoT solutions.
- Security concerns: The increased connectivity of devices through IoT raises concerns about data privacy and security, which can deter some organizations from embracing IoT.
- Cost: The deployment and maintenance of IoT systems can be expensive, which may limit adoption in cost-sensitive sectors.
Emerging Trends in South America Internet of Things (IoT)
- Edge computing: Edge computing is becoming increasingly popular in South America, as it enables IoT devices to process data locally, reducing latency and improving efficiency.
- AI-powered IoT: AI is being integrated into IoT solutions to improve decision-making, automate tasks, and enhance customer experiences.
- IoT platforms: IoT platforms are becoming increasingly available, making it easier for businesses to develop and deploy IoT solutions.
Growth Catalysts in South America Internet of Things (IoT) Industry
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- Government initiatives: Governments in South American countries are implementing policies and providing incentives to promote the adoption of IoT solutions.
- Technological advancements: Ongoing advancements in technology, such as the development of low-power devices and improved connectivity options, are driving the growth of IoT.
- Collaboration and partnerships: Partnerships between IoT vendors, system integrators, and industry experts are accelerating the development and deployment of IoT solutions.
Market Segmentation: South America Internet of Things (IoT) Analysis
Component:
- Platform
- Solution & Services
End-use Industry:
- BFSI
- Retail
- Government
- Healthcare
- Manufacturing
- Agriculture
- Sustainable Energy
- Transportation
- IT & Telecom
- Others
Leading Players in the South America Internet of Things (IoT) Market
- DOROTECH (Brazil)
- Oninn (Brazil)
- G.A.C. Group (Brazil)
- Altoros (U.S.)
- Techunting (U.S.)
- Cisco Systems, Inc. (U.S.)
- IBM Corporation (U.S.)
- Oracle Corporation (U.S.)
- Intel Corporation (U.S.)
- Amazon Web Services (U.S.)
Significant Developments in South American Internet of Things (IoT) Sector
- In 2022, DOROTECH partnered with Microsoft to develop and implement IoT solutions for the Brazilian market.
- In 2021, G.A.C. Group acquired Oninn to strengthen its position in the smart city and IoT market.
- In 2020, Cisco Systems announced the launch of its IoT Data Platform in Brazil, aiming to accelerate IoT adoption in the country.
Comprehensive Coverage South America Internet of Things (IoT) Market Report
Our comprehensive report provides a detailed analysis of the South American Internet of Things (IoT) market, including:
- Market size and growth projections
- Key industry trends and drivers
- Challenges and restraints
- Emerging technologies and growth opportunities
- Market segmentation and competitive landscape
- Case studies and best practices
- Analyst insights and recommendations
Regional Insight
The South America Internet of Things (IoT) market is expected to grow at different rates across the region. Brazil is the largest market, followed by Argentina, Chile, and Colombia.
Recent Mergers & Acquision
- In 2022, DOROTECH acquired a controlling stake in Brazilian IoT company Otimiza Soluções.
- In 2021, Altoros merged with Brazilian IoT solutions provider Ubimind.
Regulation
- The South America Internet of Things (IoT) market is regulated by various government agencies. These agencies are responsible for ensuring the safety, security, and privacy of IoT devices and systems.
Patent Analysis
- The number of IoT-related patents filed in South America has been increasing steadily in recent years. This indicates the growing interest and innovation in the IoT sector.
Analyst Comment
The South America Internet of Things (IoT) market is poised for significant growth in the coming years. The increasing adoption of IoT devices, coupled with the growing awareness of IoT benefits, will drive market expansion. Governments and businesses in the region are actively promoting the adoption of IoT solutions, which will further fuel market growth.
South America Internet of Things (IoT) Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 24.3% from 2018-2032 |
| Segmentation |
|
Frequently Asked Questions
Table Of Content
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Rising Adoption of Innovative Technologies to Make Smart Evacuation Procedures Smooth to Boost Market Growth
- 3.3. Market Restrains
- 3.3.1. Poor Telecommunication Infrastructure and Heavy Regulations to Hamper the Market Progress
- 3.4. Market Trends
- 3.4.1. Growing Implementation of Touch-based and Voice-based Infotainment Systems to Increase Adoption of Intelligent Cars
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. South America Internet of Things (IoT) Market Analysis, Insights and Forecast, 2018-2030
- 5.1. Market Analysis, Insights and Forecast - by Component
- 5.1.1. Platform
- 5.1.2. Solution & Services
- 5.2. Market Analysis, Insights and Forecast - by End-use Industry
- 5.2.1. BFSI
- 5.2.2. Retail
- 5.2.3. Government
- 5.2.4. Healthcare
- 5.2.5. Manufacturing
- 5.2.6. Agriculture
- 5.2.7. Sustainable Energy
- 5.2.8. Transportation
- 5.2.9. IT & Telecom
- 5.2.10. Others
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.1. Market Analysis, Insights and Forecast - by Component
- 6. Brazil South America Internet of Things (IoT) Market Analysis, Insights and Forecast, 2018-2030
- 6.1. Market Analysis, Insights and Forecast - By Component
- 6.1.1 Platform
- 6.1.2 Solution & Services
- 6.2. Market Analysis, Insights and Forecast - By End-use Industry
- 6.2.1 BFSI
- 6.2.2 Retail
- 6.2.3 Government
- 6.2.4 Healthcare
- 6.2.5 Manufacturing
- 6.2.6 Agriculture
- 6.2.7 Sustainable Energy
- 6.2.8 Transportation
- 6.2.9 IT & Telecom
- 6.2.10 and Others
- 7. Argentina South America Internet of Things (IoT) Market Analysis, Insights and Forecast, 2018-2030
- 7.1. Market Analysis, Insights and Forecast - By Component
- 7.1.1 Platform
- 7.1.2 Solution & Services
- 7.2. Market Analysis, Insights and Forecast - By End-use Industry
- 7.2.1 BFSI
- 7.2.2 Retail
- 7.2.3 Government
- 7.2.4 Healthcare
- 7.2.5 Manufacturing
- 7.2.6 Agriculture
- 7.2.7 Sustainable Energy
- 7.2.8 Transportation
- 7.2.9 IT & Telecom
- 7.2.10 and Others
- 8. Columbia South America Internet of Things (IoT) Market Analysis, Insights and Forecast, 2018-2030
- 8.1. Market Analysis, Insights and Forecast - By Component
- 8.1.1 Platform
- 8.1.2 Solution & Services
- 8.2. Market Analysis, Insights and Forecast - By End-use Industry
- 8.2.1 BFSI
- 8.2.2 Retail
- 8.2.3 Government
- 8.2.4 Healthcare
- 8.2.5 Manufacturing
- 8.2.6 Agriculture
- 8.2.7 Sustainable Energy
- 8.2.8 Transportation
- 8.2.9 IT & Telecom
- 8.2.10 and Others
- 9. Peru South America Internet of Things (IoT) Market Analysis, Insights and Forecast, 2018-2030
- 9.1. Market Analysis, Insights and Forecast - By Component
- 9.1.1 Platform
- 9.1.2 Solution & Services
- 9.2. Market Analysis, Insights and Forecast - By End-use Industry
- 9.2.1 BFSI
- 9.2.2 Retail
- 9.2.3 Government
- 9.2.4 Healthcare
- 9.2.5 Manufacturing
- 9.2.6 Agriculture
- 9.2.7 Sustainable Energy
- 9.2.8 Transportation
- 9.2.9 IT & Telecom
- 9.2.10 and Others
- 10. Chile South America Internet of Things (IoT) Market Analysis, Insights and Forecast, 2018-2030
- 10.1. Market Analysis, Insights and Forecast - By Component
- 10.1.1 Platform
- 10.1.2 Solution & Services
- 10.2. Market Analysis, Insights and Forecast - By End-use Industry
- 10.2.1 BFSI
- 10.2.2 Retail
- 10.2.3 Government
- 10.2.4 Healthcare
- 10.2.5 Manufacturing
- 10.2.6 Agriculture
- 10.2.7 Sustainable Energy
- 10.2.8 Transportation
- 10.2.9 IT & Telecom
- 10.2.10 and Others
- 11. Bolivia South America Internet of Things (IoT) Market Analysis, Insights and Forecast, 2018-2030
- 11.1. Market Analysis, Insights and Forecast - By Component
- 11.1.1 Platform
- 11.1.2 Solution & Services
- 11.2. Market Analysis, Insights and Forecast - By End-use Industry
- 11.2.1 BFSI
- 11.2.2 Retail
- 11.2.3 Government
- 11.2.4 Healthcare
- 11.2.5 Manufacturing
- 11.2.6 Agriculture
- 11.2.7 Sustainable Energy
- 11.2.8 Transportation
- 11.2.9 IT & Telecom
- 11.2.10 and Others
- 12. Rest of South America South America Internet of Things (IoT) Market Analysis, Insights and Forecast, 2018-2030
- 12.1. Market Analysis, Insights and Forecast - By Component
- 12.1.1 Platform
- 12.1.2 Solution & Services
- 12.2. Market Analysis, Insights and Forecast - By End-use Industry
- 12.2.1 BFSI
- 12.2.2 Retail
- 12.2.3 Government
- 12.2.4 Healthcare
- 12.2.5 Manufacturing
- 12.2.6 Agriculture
- 12.2.7 Sustainable Energy
- 12.2.8 Transportation
- 12.2.9 IT & Telecom
- 12.2.10 and Others
- 13. Competitive Analysis
- 13.1. Market Share Analysis 2023
- 13.2. Company Profiles
- 13.2.1 DOROTECH (Brazil)
- 13.2.1.1. Overview
- 13.2.1.2. Products
- 13.2.1.3. SWOT Analysis
- 13.2.1.4. Recent Developments
- 13.2.1.5. Financials (Based on Availability)
- 13.2.2 Oninn (Brazil)
- 13.2.2.1. Overview
- 13.2.2.2. Products
- 13.2.2.3. SWOT Analysis
- 13.2.2.4. Recent Developments
- 13.2.2.5. Financials (Based on Availability)
- 13.2.3 G.A.C. Group (Brazil)
- 13.2.3.1. Overview
- 13.2.3.2. Products
- 13.2.3.3. SWOT Analysis
- 13.2.3.4. Recent Developments
- 13.2.3.5. Financials (Based on Availability)
- 13.2.4 Altoros (U.S.)
- 13.2.4.1. Overview
- 13.2.4.2. Products
- 13.2.4.3. SWOT Analysis
- 13.2.4.4. Recent Developments
- 13.2.4.5. Financials (Based on Availability)
- 13.2.5 Techunting (U.S.)
- 13.2.5.1. Overview
- 13.2.5.2. Products
- 13.2.5.3. SWOT Analysis
- 13.2.5.4. Recent Developments
- 13.2.5.5. Financials (Based on Availability)
- 13.2.6 Cisco Systems Inc. (U.S.)
- 13.2.6.1. Overview
- 13.2.6.2. Products
- 13.2.6.3. SWOT Analysis
- 13.2.6.4. Recent Developments
- 13.2.6.5. Financials (Based on Availability)
- 13.2.7 IBM Corporation (U.S.)
- 13.2.7.1. Overview
- 13.2.7.2. Products
- 13.2.7.3. SWOT Analysis
- 13.2.7.4. Recent Developments
- 13.2.7.5. Financials (Based on Availability)
- 13.2.8 Oracle Corporation (U.S.)
- 13.2.8.1. Overview
- 13.2.8.2. Products
- 13.2.8.3. SWOT Analysis
- 13.2.8.4. Recent Developments
- 13.2.8.5. Financials (Based on Availability)
- 13.2.9 Intel Corporation (U.S.)
- 13.2.9.1. Overview
- 13.2.9.2. Products
- 13.2.9.3. SWOT Analysis
- 13.2.9.4. Recent Developments
- 13.2.9.5. Financials (Based on Availability)
- 13.2.10 Amazon Web Services (U.S.)
- 13.2.10.1. Overview
- 13.2.10.2. Products
- 13.2.10.3. SWOT Analysis
- 13.2.10.4. Recent Developments
- 13.2.10.5. Financials (Based on Availability)
- 13.2.1 DOROTECH (Brazil)
List of Figures
- Figure 1: South America Internet of Things (IoT) Market Revenue Breakdown (USD Billion, %) by Product 2023 & 2031
- Figure 2: South America Internet of Things (IoT) Market Value Share (%), by Component 2023 & 2031
- Figure 3: South America Internet of Things (IoT) Market Value Share (%), by End-use Industry 2023 & 2031
- Figure 4: South America Internet of Things (IoT) Market Share (%) by Company 2023
List of Tables
- Table 1: South America Internet of Things (IoT) Market Revenue USD Billion Forecast, by Component 2018 & 2031
- Table 2: South America Internet of Things (IoT) Market Revenue USD Billion Forecast, by End-use Industry 2018 & 2031
- Table 3: South America Internet of Things (IoT) Market Revenue USD Billion Forecast, by Region 2018 & 2031
- Table 4: South America Internet of Things (IoT) Market Revenue USD Billion Forecast, by Component 2018 & 2031
- Table 5: South America Internet of Things (IoT) Market Revenue USD Billion Forecast, by End-use Industry 2018 & 2031
- Table 6: South America Internet of Things (IoT) Market Revenue USD Billion Forecast, by Region 2018 & 2031
- Table 7: South America Internet of Things (IoT) Market Revenue USD Billion Forecast, by Component 2018 & 2031
- Table 8: South America Internet of Things (IoT) Market Revenue USD Billion Forecast, by End-use Industry 2018 & 2031
- Table 9: South America Internet of Things (IoT) Market Revenue USD Billion Forecast, by Country 2018 & 2031
- Table 10: Brazil South America Internet of Things (IoT) Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 11: Argentina South America Internet of Things (IoT) Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 12: Columbia South America Internet of Things (IoT) Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 13: Peru South America Internet of Things (IoT) Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 14: Chile South America Internet of Things (IoT) Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 15: Bolivia South America Internet of Things (IoT) Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 16: Rest of South America South America Internet of Things (IoT) Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 24.3% from 2018-2032 |
| Segmentation |
|
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