Colombian Industrial Internet of Things Market, Forecast to 2022

With Ubiquitous Connectivity Becoming a Global Norm, the Internet of Things is a Reality with a Potential Market Size of $523.7 Million in 2022

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This outlook considers the growth potential of hardware, software, connectivity, services, and of primary verticals in the Colombian IoT market. The base year is 2016 and the forecast period is from 2017 to 2022. For the purposes of this research, Industrial IoT refers to the use of IoT technologies in manufacturing, automotive, smart cities, agriculture, utilities, healthcare and other verticals. Consumer IoT, including consumer wearables, phones, TVs, appliances, home monitoring, and home automation are not included. Primary research included extensive interviews with CEOs, directors, and other executives. A bottom-up analysis of the verticals included in the study was based on information in the Frost & Sull

Research Scope

The study presents business cases and market drivers and restraints through 2022. It also provides insights regarding growth opportunities and emerging trends that will affect market participants over the forecast period.

The Colombian Industrial Internet of Things (IoT) market revenue is expected to increase from $168.3 million in 2016 to $523.7 million by 2022, at a compound annual growth rate of 20.8%. Some of the main drivers for IoT growth are the migration from IPv4 to IPv6 and from 4G/LTE to 5G to provide future addresses and bandwidth for IoT. 5G will increase network capacity nearly tenfold, with data speeds greater than 1 Gbps and near-zero latency; while IPv6, the latest Internet protocol, can assign 100 unique IP addresses to every atom on the surface of the earth. The Colombian industrial IoT market ecosystem comprises vendors, integrators, and service providers offering IoT wireless or fixed two-way communication technologies.


Key Issues Addressed

  • Is the market growing, how long will it continue to grow, and at what rate?
  • Which are the key verticals in this market? Which will grow the fastest by 2022?
  • How will the revenue shares of the hardware, software, services, and connectivity segments change?
  • In what stage are organizations in Latin America in evaluating or deploying IoT solutions?
  • What are Latin American organizations' top 3 concerns in regard to IoT?
  • What are the top 3 drivers for IoT investments?

 

Table of Contents

Executive DashboardPurpose of this Experiential Study5-Step Process to Transformational GrowthStrategic Imperatives for IoT Market ParticipantsGrowth Environment—Market OverviewStakeholders in the IoT EcosystemStakeholders in the IoT Ecosystem (continued)Market DefinitionsResearch Scope—Vertical SegmentationDrivers and RestraintsDrivers ExplainedDrivers Explained (continued)Restraints ExplainedRestraints Explained (continued)Market ForecastForecast ConsiderationsRevenue ForecastPercent Revenue Forecast by SegmentRevenue Forecast by SegmentRevenue Forecast DiscussionPercent Revenue Forecast by VerticalRevenue Forecast by VerticalVertical Distribution MatrixRevenue Forecast by Vertical DiscussionRevenue Forecast by Vertical Discussion (continued)Revenue Forecast by Vertical Discussion (continued)Revenue Forecast by Vertical Discussion (continued)Market TrendsNexus of Cloud Delivery, Ubiquitous Connectivity, Big Data Analytics, and IoT Transforming IndustriesFuture of Latin American Digital Transformation MarketsFuture of Latin American Digital Transformation Markets (continued)Future of Latin American Digital Transformation Markets (continued)Project Examples in Colombia—Case StudiesCase Study 1––Logistics Management of Harvest and FieldCase Study 1––Logistics Management of Harvest and Field (continued)Case Study 2––Smart Cities: BogotaCase Study 2––Smart Cities: Bogota (continued)Visioning ScenariosMacro to Micro VisioningTrends/Factors Impacting the Colombian Industrial IoT MarketTop Predictions for the Colombian Industrial IoT Market Growth PipelineLevers for GrowthVision and Strategy—Growth OpportunitiesGrowth Opportunity 1—Vertical Integration: AgricultureGrowth Opportunity 2—Vertical Integration: AutomotiveGrowth Opportunity 3—Vertical Integration: HealthcareGrowth Opportunity 4—Vertical Integration: ManufacturingGrowth Opportunity 5—Vertical Integration: Smart CitiesGrowth Opportunity 6—Vertical Integration: UtilitiesBrand and Demand—Growth OpportunitiesGrowth Opportunity 7—Return on IoTGrowth Opportunities MatrixIdentifying Your Company’s Growth ZoneLegal DisclaimerAppendixList of Exhibits

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