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South America IoT Market Forecast to 2030 - COVID-19 Impact and Regional Analysis - by Component [Hardware, Software (Device Management, Application Management, Data Management, and Network Management), and Services], Enterprise Size (Large Enterprises and SMEs), and Application (Building & Automation, Smart Energy & Utilities, Smart Manufacturing, Connected Logistics, Banking & Financial Services, Aerospace & Defense, and Others)
Market Report I 2023-08-22 I 115 Pages I The Insight Partners
The South America IoT market is expected to grow from US$ 27.50 billion in 2023 to US$ 128.16 billion by 2030; it is estimated to grow at a CAGR of 24.6% from 2023 to 2030.
Massive Expansion of E-Commerce Industry
The e-commerce industry is growing rapidly, and retailers are utilizing IoT solutions to improve their operational efficiency, enhance customer experience, and gain a competitive advantage. Also, an increase in customer demand for a better shopping experience, a reduction in the cost of IoT-based sensors and connectivity, and a surge in the adoption of smart payment solutions are among the major factors driving the adoption of IoT solutions in the e-commerce industry. Moreover, retailers in this industry utilize IoT to avoid security pitfalls and are deploying IoT-enabled systems that can combat the jamming of network services in their warehouses and stores. As IoT plays a significant role in process automation and enhancement of operational efficiency of retail stores, there is an increasing demand for IoT in surveillance and security, supply chain optimization, energy optimization, inventory optimization, and workforce management. Moreover, several retailers use customizable IoT-connected dashboards for customer feedback and use the insights to enhance customer experiences. Therefore, with the growing e-commerce industry, the demand for IoT solutions is expected to rise, which is likely to fuel the IoT software market during the forecast period.
South America IoT Market Overview
Rising demand for real-time streaming and remote monitoring solutions, increasing deployment of advanced technologies in industries, growing urbanization, and improving economy are the major factors driving the IoT market growth in SAM. Many startups have entered the IoT market in this region, intending to leverage the increasing reach of the Internet and 5G networks, and the expanding e-commerce industry in developing countries in SAM. Further, the growing awareness of advanced technologies such as radio-frequency identification (RFID), robotics, artificial intelligence, near-field communication (NFC), and low-power wide-area network (LPWAN) through advertisements and marketing activities among logistics and transport, agriculture, and manufacturing industries are boosting the scope for new entrants in the IoT market across the region. In July 2021, the Brazilian government launched a new technology development center to focus on IoT approaches, 5G networks, and robotics. The center is also expected to generate new jobs and skilled professionals in the "4.0 technologies" and technology applications in various sectors, including product manufacturing.
South America IoT Market Revenue and Forecast to 2030 (US$ Billion)
South America IoT Market Segmentation
The South America IoT market is segmented based on component, enterprise size, application, and country. Based on component, the South America IoT market is segmented into hardware, software, and services. The hardware segment held the largest market share in 2023. Furthermore, software is segmented into device management, application management, data management, and network management.
Based on enterprise size, the South America IoT market is bifurcated into large enterprises and SMEs. The large enterprises segment held a larger market share in 2023.
Based on application, the South America IoT market is segmented into building & automation, smart energy & utilities, smart manufacturing, connected logistics, banking & financial services, aerospace & defense, and others. The smart manufacturing segment held the largest market share in 2023.
Based on country, the South America IoT market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the South America IoT market share in 2023.
Amazon Web Services Inc.; Cisco Systems Inc.; Google LLC; Software AG; International Business Machines Corp; Intel Corp; Microsoft Corp; Oracle Corp; Siemens AG; and SAP SE are the leading companies operating in the South America IoT market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Company Profile:
3.2.4 Sources:
3.2.5 Calculation Base and Assumptions
3.2.6 List of Companies Analyzed
4. South America IoT Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 South America
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. South America IoT Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Number of Smart City Projects
5.1.2 Low Cost of Connected Devices and Increase in Investments in IoT
5.1.3 Rise in Implementation of IoT in Automotive Sector
5.2 Market Restraints
5.2.1 Data Security and Interoperability Issues
5.3 Market Opportunities
5.3.1 Progressive Deployment of 5G Networks
5.4 Future Trends
5.4.1 Massive Expansion of E-Commerce Industry
5.4.2 Increase in Digitalization Across Industries
5.5 Impact Analysis of Drivers and Restraints
6. IoT Market - South America Market Analysis
6.1 South America IoT Market Revenue and Volume Forecast and Analysis
7. South America IoT Market - By Component
7.1 Overview
7.2 IoT Market, by Component (2022 and 2030)
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware: IoT Market - Revenue and Forecast to 2030 (US$ Billion)
7.4 Software
7.4.1 Overview
7.4.2 Software: IoT Market - Revenue and Forecast to 2030 (US$ Billion)
7.4.3 Device Management
7.4.3.1 Overview
7.4.3.2 Device Management: IoT Market - Revenue and Forecast to 2030 (US$ Billion)
7.4.4 Application Management
7.4.4.1 Overview
7.4.4.2 Application Management: IoT Market - Revenue and Forecast to 2030 (US$ Billion)
7.4.5 Data Management
7.4.5.1 Overview
7.4.5.2 Data Management: IoT Market - Revenue and Forecast to 2030 (US$ Billion)
7.4.6 Network Management
7.4.6.1 Overview
7.4.6.2 Network Management: IoT Market - Revenue and Forecast to 2030 (US$ Billion)
7.5 Services
7.5.1 Overview
7.5.2 Service: IoT Market - Revenue and Forecast to 2030 (US$ Billion)
8. South America IoT Market Analysis - by Enterprise Size
8.1 Overview
8.2 IoT Market, by Enterprise Size (2022 and 2030)
8.3 Large Enterprises
8.3.1 Overview
8.3.2 Large Enterprises: IoT Market - Revenue and Forecast to 2030 (US$ Billion)
8.4 SMEs
8.4.1 Overview
8.4.2 SMEs: IoT Market - Revenue and Forecast to 2030 (US$ Billion)
9. South America IoT Market Analysis - by Application
9.1 Overview
9.2 IoT Market, by Application (2022 and 2030)
9.3 Building & Automation
9.3.1 Overview
9.3.2 Building & Automation: IoT Market - Revenue and Forecast to 2030 (US$ Billion)
9.4 Smart Energy & Utilities
9.4.1 Overview
9.4.2 Smart Energy & Utilities: IoT Market - Revenue and Forecast to 2030 (US$ Billion)
9.5 Smart Manufacturing
9.5.1 Overview
9.5.2 Smart Manufacturing: IoT Market - Revenue and Forecast to 2030 (US$ Billion)
9.6 Connected Logistics
9.6.1 Overview
9.6.2 Connected Logistics: IoT Market - Revenue and Forecast to 2030 (US$ Billion)
9.7 Smart Mobility and Transportation
9.7.1 Overview
9.7.2 Smart Mobility and Transportation: IoT Market - Revenue and Forecast to 2030 (US$ Billion)
9.8 Banking & Financial Services
9.8.1 Overview
9.8.2 Banking & Financial Services: IoT Market - Revenue and Forecast to 2030 (US$ Billion)
9.9 Aerospace & Defense
9.9.1 Overview
9.9.2 Aerospace & Defense: IoT Market - Revenue and Forecast to 2030 (US$ Billion)
9.10 Others
9.10.1 Overview
9.10.2 Others: IoT Market - Revenue and Forecast to 2030 (US$ Billion)
10. South America IoT Market - by Country Analysis
10.1 South America (SAM): IoT Market
10.1.1 South America IoT Market, by Country
10.1.1.1 Brazil IoT Market - Revenue and Forecast to 2030
10.1.1.1.1 Brazil IoT Market, By Component
10.1.1.1.2 Brazil IoT Market, By Software
10.1.1.1.3 Brazil IoT Market, By Enterprise Size
10.1.1.1.4 Brazil IoT Market, By Application
10.1.1.2 Argentina IoT Market - Revenue and Forecast to 2030
10.1.1.2.1 Argentina IoT Market, By Component
10.1.1.2.2 Argentina IoT Market, By Software
10.1.1.2.3 Argentina IoT Market, By Enterprise Size
10.1.1.2.4 Argentina IoT Market, By Application
10.1.1.3 Rest of South America IoT Market - Revenue and Forecast to 2030
10.1.1.3.1 Rest of South America IoT Market, By Component
10.1.1.3.2 Rest of South America IoT Market, By Software
10.1.1.3.3 Rest of South America IoT Market, By Enterprise Size
10.1.1.3.4 Rest of South America IoT Market, By Application
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions
12. Company Profiles
12.1 Amazon Web Services Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Cisco Systems Inc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Google LLC
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Software AG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 International Business Machines Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Intel Corp
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Microsoft Corp
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Oracle Corp
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Siemens AG
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 SAP SE
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. South America IoT Market Revenue and Forecast to 2030 (US$ Billion)
Table 2. Brazil IoT Market - Revenue and Forecast to 2030 - By Component (US$ Billion)
Table 3. Brazil IoT Market - Revenue and Forecast to 2030 - By Software (US$ Billion)
Table 4. Brazil IoT Market - Revenue and Forecast to 2030 - By Enterprise Size (US$ Billion)
Table 5. Brazil IoT Market - Revenue and Forecast to 2030 - By Application (US$ Billion)
Table 6. Argentina IoT Market - Revenue and Forecast to 2030 - By Component (US$ Billion)
Table 7. Argentina IoT Market - Revenue and Forecast to 2030 - By Software (US$ Billion)
Table 8. Argentina IoT Market - Revenue and Forecast to 2030 - By Enterprise Size (US$ Billion)
Table 9. Argentina IoT Market - Revenue and Forecast to 2030 - By Application (US$ Billion)
Table 10. Rest of South America IoT Market - Revenue and Forecast to 2030 - By Component (US$ Billion)
Table 11. Rest of South America IoT Market - Revenue and Forecast to 2030 - By Software (US$ Billion)
Table 12. Rest of South America IoT Market - Revenue and Forecast to 2030 - By Enterprise Size (US$ Billion)
Table 13. Rest of South America IoT Market - Revenue and Forecast to 2030 - By Application (US$ Billion)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. South America IoT Market Segmentation
Figure 2. South America IoT Market Segmentation - By Country
Figure 3. South America IoT Market Overview
Figure 4. South America IoT Market, by Component
Figure 5. South America IoT Market, by Software
Figure 6. South America IoT Market, by Enterprise Size
Figure 7. South America IoT Market, by Country
Figure 8. South America - PEST Analysis
Figure 9. South America IoT Market- Ecosystem Analysis
Figure 10. South America Expert Opinion
Figure 11. South America IoT Market: Impact Analysis of Drivers and Restraints
Figure 12. South America IoT Market Revenue and Forecast (US$ Billion)
Figure 13. South America IoT Market Revenue Share, by Component (2022 and 2030)
Figure 14. Hardware: South America IoT Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 15. Software: South America IoT Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 16. Device Management: South America IoT Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 17. Application Management: South America IoT Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 18. Data Management: South America IoT Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 19. Network Management: South America IoT Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 20. Service: South America IoT Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 21. South America IoT Market Revenue Share, by Enterprise Size (2022 and 2030)
Figure 22. Large Enterprises: South America IoT Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 23. SMEs: South America IoT Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 24. South America IoT Market Revenue Share, by Application (2022 and 2030)
Figure 25. Building & Automation: South America IoT Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 26. Smart Energy & Utilities: South America IoT Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 27. Smart Manufacturing: South America IoT Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 28. Connected Logistics: South America IoT Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 29. Smart Mobility and Transportation: South America IoT Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 30. Banking & Financial Services: South America IoT Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 31. Aerospace & Defense: South America IoT Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 32. Others: South America IoT Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 33. South America IoT Market, by Key Country - Revenue (2022) (US$ Million)
Figure 34. South America IoT Market, by Country, 2022 & 2030 (%)
Figure 35. Brazil IoT Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 36. Argentina IoT Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 37. Rest of South America IoT Market - Revenue and Forecast to 2030 (US$ Billion)
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