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)
* 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 November 21, 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 November 21, 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: November 21, 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 November 21, 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/
