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    South America Internet of Things Market

    ID: MRFR/ICT/54038-HCR
    200 Pages
    Aarti Dhapte
    September 2025

    South America Internet of Things Market Research Report By Application (Smart Home, Industrial Automation, Healthcare, Transportation, Wearables), By Component (Hardware, Software, Services), By End-use (Consumer Electronics, Manufacturing, Retail, Healthcare, Transportation), By Network Technology (Wireless, Wired), and By Regional (Brazil, Mexico, Argentina, Rest of South America)- Forecast to 2035

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    South America Internet of Things Market Infographic
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    South America Internet of Things Market Summary

    The South America Internet of Things market is projected to grow from 30.0 USD Billion in 2024 to 120 USD Billion by 2035.

    Key Market Trends & Highlights

    South America Internet of Things Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate of 13.42 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 120 USD Billion, indicating robust growth potential.
    • In 2024, the market is valued at 30.0 USD Billion, laying a strong foundation for future expansion.
    • Growing adoption of smart devices due to increasing urbanization is a major market driver.

    Market Size & Forecast

    2024 Market Size 30.0 (USD Billion)
    2035 Market Size 120 (USD Billion)
    CAGR (2025-2035) 13.42%

    Major Players

    Dell Technologies, Siemens, GE Digital, SAP, Microsoft, Intel, Bosch, Cisco Systems, Accenture, IBM, Honeywell, Amazon Web Services, Oracle, Huawei

    South America Internet of Things Market Trends

    Due to a few key market factors, the Internet of Things (IoT) industry in South America is expanding and changing significantly. The use of IoT solutions is being accelerated in a number of industries, such as public services, transportation, and healthcare, by rising urbanization and the growth of smart cities in nations like Brazil and Argentina.

    South America offers a distinct environment for IoT development and deployment as possibilities arise. Numerous businesses in the area, including mining, logistics, and agriculture, are realizing how the Internet of Things can spur innovation and streamline operations.

    The region's strong agricultural focus is in line with the growing interest in precision agriculture solutions that use IoT sensors and devices to increase yield. Additionally, a thriving ecosystem is being created by the emergence of local entrepreneurs focused on IoT applications, which is encouraging cooperation with international IT companies and laying the groundwork for new innovations.

    The demand for smart home solutions and devices has increased recently, according to trends in the South American IoT industry. This is indicative of a shift in consumer preferences toward automation and connectivity.

    Additionally, as consumer and company awareness of data privacy increases, the region is witnessing an increasing focus on cybersecurity solutions to safeguard IoT networks from possible threats.

    Businesses are prioritizing safe IoT deployments as a result of this growing concern, which will boost customer confidence in IoT technology adoption. Overall, robust investments, a wide range of applications, and ongoing technological advancements are driving the South American IoT market's rapid rise.

    Market Segment Insights

    South America Internet of Things Market Segment Insights

    South America Internet of Things Market Segment Insights

    Internet of Things Market Application Insights

    Internet of Things Market Application Insights

    The Application segment of the South America Internet of Things Market showcases a dynamic landscape that is increasingly integral to various industries and consumer lifestyles across the region.

    With the rapid digital transformation and an increasing number of connected devices, significant developments are observed in specific areas such as Smart Home, Industrial Automation, Healthcare, Transportation, and Wearables.

    Smart Home applications are gaining popularity, driven by rising urbanization and a growing emphasis on energy efficiency and enhanced convenience. This segment influences how consumers interact with their living spaces, optimizing functions ranging from climate control to security systems.

    In the realm of Industrial Automation, businesses are adopting IoT solutions to improve operational efficiency, reduce costs, and elevate productivity levels. This trend is particularly important in the South American manufacturing sector, where there is a strong push towards modernizing facilities and processes to remain competitive.

    Internet of Things Market Component Insights

    Internet of Things Market Component Insights

    The Component segment of the South America Internet of Things Market encompasses crucial elements such as Hardware, Software, and Services, each playing a vital role in driving innovation and connectivity in various industries across the region.

    Hardware components, including sensors and communication devices, form the backbone of IoT solutions, facilitating seamless data collection and transmission. Meanwhile, software solutions ensure efficient data processing and analytics, empowering businesses to make informed decisions.

    The Services aspect, involving system integration and technical support, is essential for the successful deployment and operation of IoT systems, thus creating opportunities for enhanced operational efficiencies.

    As the demand for smart city initiatives and agricultural advancements grows in South America, these components collectively support the transformation of traditional sectors into technologically advanced ecosystems.

    Internet of Things Market

    Internet of Things Market End-use Insights

    The South America Internet of Things Market has shown promising potential across various End-use sectors. Among these, Consumer Electronics is becoming increasingly significant, driven by the rise in smart devices and connected home technologies. Manufacturing also plays a crucial role, with the integration of IoT solutions enhancing operational efficiency and predictive maintenance.

    Retail is witnessing a shift towards smarter inventory management and personalized customer experiences through interconnected technologies. In the Healthcare sector, IoT applications are advancing telemedicine and patient monitoring systems, leading to improved patient outcomes.

    Transportation is evolving with IoT innovations, enhancing logistics, fleet management, and traffic optimization. This diverse array of applications showcases the versatility of the Internet of Things Market in South America, underscoring the potential for growth as businesses adopt these technologies to enhance service delivery and operational productivity.

    Internet of Things Market Network Technology Insights

    Internet of Things Market Network Technology Insights

    The Network Technology segment within the South America Internet of Things Market plays a crucial role in facilitating seamless communication across diverse devices. This segment encompasses two main areas: Wireless and Wired technologies, both essential for supporting the growing number of connected devices and applications in the region.

    Wireless technology is particularly significant due to the increasing demand for mobility and convenience, enabling businesses and consumers to stay connected in various environments. On the other hand, Wired technology provides reliable and stable connections, which are critical for applications requiring high data transfer rates and low latency.

    As South America continues to enhance its digital infrastructure, trends such as the expansion of 5G networks and the integration of IoT solutions in sectors like agriculture, transportation, and healthcare drive the growth of this segment.

    The rising need for smart city initiatives, automation, and efficient resource management further bolster the importance of Network Technology in enabling a robust Internet of Things ecosystem. Notably, governments in South America are also investing in digital transformation, creating opportunities for innovation and enhancing the Network Technology landscape.

    Get more detailed insights about South America Internet of Things Market Research Report- Forecast to 2035

    Regional Insights

    The South America Internet of Things Market is experiencing substantial growth, driven by increased digital connectivity and the proliferation of smart devices across the region. Among the various countries, Brazil is emerging as a leader, fueled by its robust telecommunications infrastructure and a growing emphasis on digital transformation in industries such as agriculture and healthcare.

    Mexico, significant in scale, is witnessing a surge in IoT applications, especially in smart cities and industrial automation, making it a vital player in the market. Argentina is also capitalizing on IoT technologies, focusing on energy management and smart grid advancements.

    Additionally, the Rest of South America is showing promising developments in IoT adoption, with countries like Chile and Colombia investing heavily in smart infrastructure. This diverse growth trajectory across the region highlights the South America Internet of Things Market segmentation, which reflects the unique needs and opportunities within each country.

    With increasing government initiatives promoting digitization, the demand for IoT solutions is expected to rise, creating further opportunities for innovation and collaboration in the South American market landscape.

    South America Internet of Things Market Region

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Key Players and Competitive Insights

    The South America Internet of Things Market is witnessing rapid growth and competitive dynamics driven by technological advancements and increased connectivity across various sectors. This region's market showcases key players that are positioning themselves strategically to leverage the potential of IoT applications in areas such as agriculture, healthcare, smart cities, and industrial automation.

    As companies aim to capitalize on the regional digital transformation, insights into their competitive strategies, market share, and innovations become essential to understanding this evolving landscape.

    Significant investment in infrastructure, coupled with the increasing adoption of smart technologies, marks a distinctive characteristic of this market, making it a focal point for both local and international players.

    Dell Technologies holds a notable presence in the South America Internet of Things Market, focusing on delivering robust IoT solutions that cater to various industrial requirements. The company leverages its expertise in edge computing and data analytics to enhance operational efficiencies for its clients, thereby enabling them to optimize resource usage and improve overall performance.

    One of its strengths lies in the extensive portfolio of devices and infrastructure solutions that are designed to support IoT frameworks. Furthermore, Dell Technologies has established partnerships with local technology providers, enhancing its outreach and customization capabilities to meet the unique needs of South American markets, positioning itself as a significant contributor to the IoT ecosystem in the region.

    On the other hand, Siemens has carved out a substantial niche in the South America Internet of Things Market, showcasing its commitment to digitalization across sectors such as manufacturing, energy, and transportation.

    The company offers an array of integrated IoT solutions, which include advanced automation technologies and software platforms that enhance operational efficiencies and drive sustainability. Siemens emphasizes innovations in smart infrastructure and industrial IoT, thus facilitating a seamless connection between machines and processes.

    Its strengths also include strategic mergers and acquisitions that have bolstered its capabilities and market position. Through collaborations with other technology firms and local enterprises, Siemens continues to expand its influence, fostering growth and technological advancement in South America's IoT landscape.

    The combination of its advanced product offerings and a proactive approach in addressing market needs firmly establishes Siemens as a key player in shaping the future of IoT in the region.

    Key Companies in the South America Internet of Things Market market include

    Industry Developments

    Recent developments in the South America Internet of Things (IoT) market have showcased a surge in investments from major technology firms. In August 2023, Dell Technologies announced a partnership with local telecom providers to enhance IoT connectivity across Brazil, aiming to support smart city initiatives.

    Siemens also made strides by launching new IoT solutions tailored to the Brazilian manufacturing sector, further fostering digital transformation in the region. In September 2023, GE Digital expanded its operations in Colombia, focusing on energy-efficient solutions that leverage IoT capabilities.

    Additionally, Microsoft has been increasing its presence in South America through heightened investments in cloud infrastructure, vital for IoT deployment. Recent growth in the market valuation for companies like Amazon Web Services and Bosch suggests a robust demand for IoT solutions, particularly in agriculture and smart logistics.

    Over the past few years, from 2021 to 2023, notable advancements have been observed, with multiple government initiatives introduced to bolster IoT adoption across various sectors, including healthcare and agriculture. The combined efforts of these companies position South America as a burgeoning hub for IoT innovation and development.

    Market Segmentation

    Internet of Things Market End-useOutlook

    • Consumer Electronics
    • Manufacturing
    • Retail
    • Healthcare
    • Transportation

    Internet of Things Market Regional Outlook

    • Brazil
    • Mexico
    • Argentina
    • Rest of South America

    Internet of Things Market Component Outlook

    • Hardware
    • Software
    • Services

    Internet of Things Market Application Outlook

    • Smart Home
    • Industrial Automation
    • Healthcare
    • Transportation
    • Wearables

    Internet of Things Market Network Technology Outlook

    • Wireless
    • Wired

    Report Scope

     
    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 26.48(USD Billion)
    MARKET SIZE 2024 30.03(USD Billion)
    MARKET SIZE 2035 120.0(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 13.421% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED Dell Technologies, Siemens, GE Digital, SAP, Microsoft, Intel, Bosch, Cisco Systems, Accenture, IBM, Honeywell, Amazon Web Services, Oracle, Huawei
    SEGMENTS COVERED Application, Component, End Use, Network Technology, Regional
    KEY MARKET OPPORTUNITIES Smart agriculture innovations, Urban smart city solutions, Industrial automation enhancements, Health monitoring systems, Connected vehicle technologies
    KEY MARKET DYNAMICS rising smartphone penetration, government IoT initiatives, growing industrial automation, expanding connectivity infrastructure, increasing demand for smart cities
    COUNTRIES COVERED Brazil, Mexico, Argentina, Rest of South America

    FAQs

    What is the expected market value of the South America Internet of Things Market in 2024?

    The South America Internet of Things Market is expected to be valued at 30.03 USD Billion in 2024.

    What will be the projected market size by 2035?

    By 2035, the South America Internet of Things Market is expected to reach a value of 120.0 USD Billion.

    What is the expected CAGR for the South America Internet of Things Market from 2025 to 2035?

    The expected CAGR for the South America Internet of Things Market from 2025 to 2035 is 13.421%.

    Which region is predicted to have the largest market share in 2024?

    Brazil is predicted to have the largest market share in 2024, valued at 7.5 USD Billion.

    What is the estimated market value for the Industrial Automation application in 2024?

    The Industrial Automation application in the South America Internet of Things Market is estimated to be valued at 7.5 USD Billion in 2024.

    Who are some of the major players in the South America Internet of Things Market?

    Major players in the market include Dell Technologies, Siemens, GE Digital, SAP, Microsoft, and Intel.

    What is the expected market size for the Smart Home application by 2035?

    The Smart Home application is expected to reach 32.0 USD Billion by 2035.

    What will be the market value for Healthcare applications in 2024?

    The market value for Healthcare applications in 2024 is estimated to be 6.3 USD Billion.

    What is the anticipated growth value for the Wearables application by 2035?

    The Wearables application is expected to grow to 12.6 USD Billion by 2035.

    What is the market size for the Rest of South America region in 2024?

    In 2024, the market size for the Rest of South America region is valued at 12.53 USD Billion.

    South America Internet of Things Market Research Report- Forecast to 2035 Infographic
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