In 2020, Internet of Things (IoT) is expected to generate over 18 billion U.S. dollars in revenue in Latin America. The figure is estimated to grow rapidly and reach 47 billion by 2025. The number of IoT connections in the region is also projected to increase from 526 million U.S. dollars in 2018 to 1.2 billion in 2025.
Revenue generated by Internet of Things (IoT) in Latin America from 2018 to 2025
(in billion U.S. dollars)
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Revenue in billion U.S. dollars
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* Forecast. The Statista estimate is based on values in 2025 and the compound annual growth rate from 2018 to 2025 of 21%, which were provided by the source. An exponential development of the market was assumed.
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GSMA Intelligence. (December 15, 2019). Revenue generated by Internet of Things (IoT) in Latin America from 2018 to 2025 (in billion U.S. dollars) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/873523/internet-things-revenue-latin-america/
GSMA Intelligence. "Revenue generated by Internet of Things (IoT) in Latin America from 2018 to 2025 (in billion U.S. dollars)." Chart. December 15, 2019. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/873523/internet-things-revenue-latin-america/
GSMA Intelligence. (2019). Revenue generated by Internet of Things (IoT) in Latin America from 2018 to 2025 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/873523/internet-things-revenue-latin-america/
GSMA Intelligence. "Revenue Generated by Internet of Things (Iot) in Latin America from 2018 to 2025 (in Billion U.S. Dollars)." Statista, Statista Inc., 15 Dec 2019, https://www.statista.com/statistics/873523/internet-things-revenue-latin-america/
GSMA Intelligence, Revenue generated by Internet of Things (IoT) in Latin America from 2018 to 2025 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/873523/internet-things-revenue-latin-america/ (last visited August 25, 2024)
Revenue generated by Internet of Things (IoT) in Latin America from 2018 to 2025 (in billion U.S. dollars) [Graph], GSMA Intelligence, December 15, 2019. [Online]. Available: https://www.statista.com/statistics/873523/internet-things-revenue-latin-america/
