Mexican Industrial Internet of Things Market, Forecast to 2022

Mexican Industrial Internet of Things Market, Forecast to 2022

Companies are Required to Act Now if Aiming to Capture a Portion of a Potential Market Size of $3,955.6 Million in 2022

RELEASE DATE
19-Feb-2018
REGION
North America
Research Code: K20E-01-00-00-00
SKU: IT03590-NA-MT_21467

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Description

This outlook considers the growth potential of hardware, software, connectivity, and services, and of primary verticals in the Mexican 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 industry, automotive, finance, utilities, 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, vice presidents, 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 modeled analysis of the impacts of various drivers and restraints over the forecast period across Mexico, and modeled demand analysis. These data triangulation and market breakdown procedures were used to complete the overall Market Engineering process and to arrive at the exact statistics for all segments.

Mexican Industrial IoT market revenue is expected to increase from $1.13 billion in 2016 to $3.96 billion by 2022, at a compound annual growth rate of 23.2%. 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 ten-fold, with data speeds greater than 1 Gbps and near-zero latency and IPv6, the latest Internet protocol, can assign 100 unique IP addresses to every atom on the surface of the earth. Additionally, average selling price for sensors is projected to decline with prices falling at twice the rate of the previous 5 years. The Mexican industrial IoT market ecosystem comprises vendors, integrators, and service providers offering IoT wireless or fixed two-way communication technologies. The study presents business cases and market drivers and restraints through 2022. It provides insights regarding growth opportunities and emerging trends that will affect market participants over the forecast period.

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 the IoT?
  • What are the top 3 drivers for IoT investments?

 

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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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

IoT Ecosystem

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)

Nexus of Cloud Delivery, Ubiquitous Connectivity, Big Data Analytics, and the IoT is 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—IoT Solution for Visibility and Productivity Gains in Mexican Plant

Case Study 2—Livestock Management in Mexico

Case Study 3—Precision Agriculture in Mexico

Macro to Micro Visioning

Trends/Factors Impacting the Mexican Industrial IoT Market

Top Predictions for the Mexican Industrial IoT Market

Levers for Growth

Growth Opportunity 1—Vertical Integration: Automotive

Growth Opportunity 2—Vertical Integration: Industry

Growth Opportunity 3—Vertical Integration: Utilities

Growth Opportunity 4—Vertical Integration: Finance

Growth Opportunity 5—Vertical Integration: Other Verticals: Healthcare

Growth Opportunity 6—Return on IoT

Identifying Your Company’s Growth Zone

Legal Disclaimer

List of Exhibits

Related Research
This outlook considers the growth potential of hardware, software, connectivity, and services, and of primary verticals in the Mexican 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 industry, automotive, finance, utilities, 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, vice presidents, 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 modeled analysis of the impacts of various drivers and restraints over the forecast period across Mexico, and modeled demand analysis. These data triangulation and market breakdown procedures were used to complete the overall Market Engineering process and to arrive at the exact statistics for all segments. Mexican Industrial IoT market revenue is expected to increase from $1.13 billion in 2016 to $3.96 billion by 2022, at a compound annual growth rate of 23.2%. 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 ten-fold, with data speeds greater than 1 Gbps and near-zero latency and IPv6, the latest Internet protocol, can assign 100 unique IP addresses to every atom on the surface of the earth. Additionally, average selling price for sensors is projected to decline with prices falling at twice the rate of the previous 5 years. The Mexican industrial IoT market ecosystem comprises vendors, integrators, and service providers offering IoT wireless or fixed two-way communication technologies. The study presents business cases and market drivers and restraints through 2022. It provides insights regarding growth opport
More Information
No Index No
Podcast No
Author Ignacio Perrone
Industries Information Technology
WIP Number K20E-01-00-00-00
Is Prebook No
GPS Codes 9415-X1,9420,9593,9610,9655,9656,9657,9658,9705-C1,9717-C3,99EA-A5,9A5B-C1,9B07-C1