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

USD 4,950.00

* Required Fields

USD 4,950.00


Be the first to review this product

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

1. Executive Dashboard
Purpose of this Experiential Study
5-Step Process to Transformational Growth
Strategic Imperatives for IoT Market Participants
2. Growth Environment—Market Overview
Stakeholders in the IoT Ecosystem
Market Definitions
Research Scope—Vertical Segmentation
Drivers and Restraints
Drivers Explained
Restraints Explained
3. Market Forecast
Revenue Forecast
Percent Revenue Forecast by Segment
Revenue Forecast by Segment
Percent Revenue Forecast by Vertical
Revenue Forecast by Vertical
Vertical Distribution Matrix
4. Market Trends
Nexus of Cloud Delivery, Ubiquitous Connectivity, Big Data Analytics, and IoT Transforming Industries
Future of Latin American Digital Transformation Markets
5. Project Examples in Colombia—Case Studies
Case Study 1—Logistics Management of Harvest and Field
Case Study 2—Smart Cities: Bogota
6. Visioning Scenarios
Macro to Micro Visioning
Trends/Factors Impacting the Colombian Industrial IoT Market
Top Predictions for the Colombian Industrial IoT Market
7. Growth Pipeline
Levers for Growth
8. Vision and Strategy—Growth Opportunities
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
9. Brand and Demand—Growth Opportunities
Growth Opportunity 7—Return on IoT
10. Growth Opportunities Matrix
Identifying Your Company’s Growth Zone
Legal Disclaimer
11. Appendix
List of Exhibits


List of Figures & Charts

1. Industrial IoT Market: Key Market Drivers and Restraints, Colombia, 2017–2022

1. Industrial IoT Market: Revenue Forecast, Colombia, 2016–2022
2. Industrial IoT Market: Percent Revenue Forecast by Segment, Colombia, 2016–2022
3. Industrial IoT Market: Revenue Forecast by Segment, Colombia, 2016–2022
4. Industrial IoT Market: Percent Revenue Forecast by Vertical, Colombia, 2016–2022
5. Industrial IoT Market: Vertical Distribution Matrix, Colombia, 2016–2022
6. Industrial IoT Market: IoT Deployment Stages, Latin America, 2016
7. Industrial IoT Market: Top Concerns About IoT Implementation, Latin America, 2016
8. Industrial IoT Market: Drivers of IoT Investment, Latin America, 2016




Related Research

Release Date : 19-Feb-18

Region : Latin America

Release Date : 27-Dec-17

Region : Latin America

Release Date : 28-Sep-17

Region : Latin America

Release Date : 12-Nov-2015

Region : Latin America

Release Date : 17-Mar-2015

Region : Latin America

Why Frost & Sullivan

Working with the CEO’s growth team to create a vision based on a transformation growth strategy

Creating content-based digital marketing strategies that leverage our research perspective to differentiate and “tell your story”

Tracking over 1000 emerging technologies and analyzing the impact by industry and application to reveal the companies to watch in each sector

The Frost & Sullivan team is based in our 45 global offices and have developed a powerful global understandings of how industries operate on a global level.