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Colombian Industrial Internet of Things Market, Forecast to 2022

Information TechnologyColombian 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

RELEASE DATE
05-Feb-2018
REGION
Latin America
Deliverable Type
Market Research
Research Code: K208-01-00-00-00
SKU: IT03602-LA-MT_21548
AvailableYesPDF Download

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IT03602-LA-MT_21548

Colombian Industrial Internet of Things Market, Forecast to 2022
Published on: 05-Feb-2018 | SKU: IT03602-LA-MT_21548

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Description

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 & Sullivan knowledge base, a modelled analysis of the impact of various drivers and restraints over the forecast period across Colombia, and a modelled demand analysis. These data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments.

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?

 

Infographic
Table of Contents

Purpose of this Experiential Study

5-Step Process to Transformational Growth

Strategic Imperatives for IoT Market Participants

Stakeholders in the IoT Ecosystem

Stakeholders in the IoT Ecosystem (continued)

Market Definitions

Research Scope—Vertical Segmentation

Drivers and Restraints

Drivers Explained

Drivers Explained (continued)

Restraints Explained

Restraints Explained (continued)

Forecast Considerations

Revenue Forecast

Percent Revenue Forecast by Segment

Revenue Forecast by Segment

Revenue Forecast Discussion

Percent Revenue Forecast by Vertical

Revenue Forecast by Vertical

Vertical Distribution Matrix

Revenue Forecast by Vertical Discussion

Revenue Forecast by Vertical Discussion (continued)

Revenue Forecast by Vertical Discussion (continued)

Revenue Forecast by Vertical Discussion (continued)

Nexus of Cloud Delivery, Ubiquitous Connectivity, Big Data Analytics, and IoT Transforming Industries

Future of Latin American Digital Transformation Markets

Future of Latin American Digital Transformation Markets (continued)

Future of Latin American Digital Transformation Markets (continued)

Case Study 1––Logistics Management of Harvest and Field

Case Study 1––Logistics Management of Harvest and Field (continued)

Case Study 2––Smart Cities: Bogota

Case Study 2––Smart Cities: Bogota (continued)

Macro to Micro Visioning

Trends/Factors Impacting the Colombian Industrial IoT Market

Top Predictions for the Colombian Industrial IoT Market

Levers for Growth

Growth Opportunity 1—Vertical Integration: Agriculture

Growth Opportunity 2—Vertical Integration: Automotive

Growth Opportunity 3—Vertical Integration: Healthcare

Growth Opportunity 4—Vertical Integration: Manufacturing

Growth Opportunity 5—Vertical Integration: Smart Cities

Growth Opportunity 6—Vertical Integration: Utilities

Growth Opportunity 7—Return on IoT

Identifying Your Company’s Growth Zone

Legal Disclaimer

List of Exhibits

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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 & Sullivan knowledge base, a modelled analysis of the impact of various drivers and restraints over the forecast period across Colombia, and a modelled demand analysis. These data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments.--BEGIN PROMO--

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 serv

More Information
Deliverable Type Market Research
No Index No
Podcast No
Author Gina Sanchez
Industries Information Technology
WIP Number K208-01-00-00-00
Is Prebook No
GPS Codes 9415-X1,9420,9593,9610,9655,9656,9657,9658,9705-C1,99D2-C1,99D7-C1,99E6-C1,9A59-C1,9A5B-C1,9B07-C1
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