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The 2014 Latin American Internet of Things (IoT) Market : A New Internet Revolution—The Connected World

  • March 2015
  • 50 pages
  • Frost & Sullivan
Report ID: 2797392


Table of Contents

Executive Summary

•The Internet of Things (IoT) is an emerging concept based on the vision of a fully connected world. Seamless connectivity between things, people, processes, and data anywhere, anytime, and in any condition is the goal driving the IoT concept.
•The convergence of telecommunications and Internet protocol (IP) technologies has resulted in an increasingly connected world. By 2020, each human being will have an average of x connected devices.
•Moreover, by 2020, approximately x billion connected devices across the globe will be in use, permeating multiple facets of everyday life. This will fundamentally change both private and public modes of operation and will require technology and service providers to re-think their business models and the technological implications of the solutions they introduce.
•Internet of Things (IoT) opportunities will reach ~$ x trillion USD globally over 2013–2022.
•In 2013, Brazil had ~$ x billion USD and Mexico had ~$ x billion USD available.
•IoT implementations are expected to grow rapidly across multiple industries, with logistics and transportation enjoying the earliest technology solutions. IoT implementations in consumer technology, manufacturing, healthcare, and the public sector (smart cities) are expected to be the fastest-growing areas over the next x years.
•The IoT is characterized by a fragmented ecosystem with numerous vendors providing solutions across different technology and industry domains.

Market Overview

IoT encompasses:
•The virtualization and the ratification of everyday objects
•Endowing physical and virtual objects with an identity
•Interconnecting the objects for the purpose of interacting with or monitoring them

Machine-to-machine (M2M) technology is a subset of IoT and is defined as follows:
•Wireless or fixed communication between geographically distributed remote devices and sensors through a centralized platform
•Can be autonomous, without human intervention (e.g., alerts, notifications, and automatic machine response), or require some form of human intervention

IoT Taxonomy

•Consumer electronics
oPhones and mobile apps
oWearable devices
•Sensing devices
•Embedded controllers
•Virtual objects
oDigital goods

•Wireless sensor networks (short range) and capture devices
oQR codes and barcode readers
oRFID readers
oNFC readers
•Wireless transmitting devices
•PCs and smart phones as gateways

•Fixed networks
o xDSL
•Wireless networks
oCellular networks
oWide area WiFi
•Enterprise and service provider gateways
•Network management platforms
oOperational support systems
oPerformance management systems

•Data centers
oData storage and management
•Discovery management
•Identity management
•Device management
•Business support systems
•Big Data storage and processing platforms
•Workflow and process automation
•Charging and billing
•Security and access management
•M2M management platform

oDomain-specific applications
oEnterprise applications
oSocial networking apps
oCloud management solutions
oCloud information services
oRules engine
oContextual analytics

Internet of Things Overview

•Just as cloud computing is expected to foster large gains for organizations, IoT is expected to bring about productivity gains and cost savings across industries.
•Cross-industry solutions enabled by IoT are expected to catalyze new end-to-end solutions.
•Solutions are expected to prompt sector-multiplier effects for the economy.
•IoT will become an enabler for future capabilities in areas of sustainability, smart cities, and quality of living.
•The first wave of applications would primarily revolve around cost savings and productivity gains.
•The government is expected to be a major driver of IoT development.

IoT Opportunities

•$ x trillion in value over the next x years (2013–2022) with huge opportunities in the public sector of about $ x trillion and about x trillion in the private sector
•By 2022, + billion things connected (10x world’s population)
•Opportunities for several countries/regions, verticals, company growth

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