Latin America Consumer Iot Market Size & Outlook
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Latin America consumer iot market highlights
- The Latin America consumer iot market generated a revenue of USD 20,888.7 million in 2024.
- The market is expected to grow at a CAGR of 14.1% from 2025 to 2033.
- In terms of segment, hardware was the largest revenue generating component in 2024.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2025 to 2033.
Latin America data book summary
| Market revenue in 2024 | USD 20,888.7 million |
| Market revenue in 2033 | USD 67,089.0 million |
| Growth rate | 14.1% (CAGR from 2025 to 2033) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Alphabet Inc Class A, Amazon.com Inc, Apple Inc, Cisco Systems Inc, Honeywell International Inc, International Business Machines Corp, Intel Corp, Microsoft Corp, Samsung Electronics Co Ltd, AT&T, LG Energy Solution |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.9% of the global consumer iot market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- MEA is the fastest growing regional market and is projected to reach USD 37,271.7 million by 2033.
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Consumer IoT Market Scope
Consumer IoT Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| LG Energy Solution | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.lgensol.com |
| AT&T | View profile | 10001+ | Dallas, Texas, United States, North America | https://www.att.com |
| Cisco Systems Inc | View profile | 84900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | https://www.cisco.com |
| Samsung Electronics Co Ltd | View profile | 124804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | https://www.samsung.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Alphabet Inc Class A | View profile | 180895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | https://www.abc.xyz |
| Microsoft Corp | View profile | 221000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | https://www.microsoft.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
| Intel Corp | View profile | 124800 | 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 | https://www.intel.com |
| Apple Inc | View profile | 161000 | One Apple Park Way, Cupertino, CA, United States, 95014 | https://www.apple.com |
| Amazon.com Inc | View profile | 1525000 | 410 Terry Avenue North, Seattle, WA, United States, 98109-5210 | https://www.amazon.com |
Latin America consumer iot market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to consumer iot market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 45.3% in 2024. Horizon Databook has segmented the Latin America consumer iot market based on hardware, software, services covering the revenue growth of each sub-segment from 2021 to 2033.
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Target buyers of Latin America consumer iot market databook
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Our clientele includes a mix of consumer iot market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America consumer iot market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America consumer iot market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America consumer iot market size, by country, 2021-2033 (US$M)
Latin America Consumer IoT Market Outlook Share, 2024 & 2033 (US$M)
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