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
19-Feb-2018
North America
Market 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 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?
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
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
Deliverable Type | Market Research |
---|---|
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 |