Device Management Segment to Dominate Internet of Things Market in Brazil Until 2025
Government initiatives and
growing use of connected devices to drive the growth of Brazil internet of
things market
According to
TechSci Research report, “Brazil
Internet of Things Market By Platform, By Component, By Application, By
Region, Competition, Forecast & Opportunities, 2025” Brazil internet of things or IoT market is expected to
grow at double-digit CAGR during the forecast period due to increasing
proliferation of smartphones and growing number of connected devices. Evolution
of high-speed networking technologies and development of technologically
advanced sensors at lower cost are expected to drive the growth of IoT market
in Brazil through 2025.
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Brazil
internet of things market is segmented based on platform, component,
application, company and regional distribution. In terms of component, services
sector is anticipated to be the fastest growing component and is likely to
surpass hardware market by 2025, this is due to the fact that growing adoption
of connected devices and deployment of IoT platform for both personal and
commercial use are generating large amount of data. Thus, in order to utilize
these large volumes of data for useful purposes, data analytics and managed
services are required. In terms of application, market can be segregated into consumer
electronics, smart mobility & transportation, building & home
automation, connected logistics, smart retail, and others. Among all, consumer
electronics dominated the market in 2019 due to surge in demand for
personalized and connected devices and technological advancements in the
application segment.
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SAP Brasil, Intel
Brasil, General Electric Brasil Ltda., IBM Brasil, Amazon Web Services Brasil, Robert
Bosch GmbH, Microsoft Brazil, Oracle Brasil, Hewlett-Packard Brasil Ltda, among
others are some of the leading players operating in Brazil internet of things market.
The companies operating in the market are using organic strategies such as
product launches, mergers and collaborations to boost their share.
“Brazil internet of things market is
anticipated to grow at impressive rate during the forecast period on account of
growing adoption of IoT by industries such as automotive, IT & telecom,
energy, among others to address the changing needs of the customers while
providing affordable, accessible and quality services. Government initiatives
such as National IoT plan, Internet for All, among others are expected to
positively influence the growth of IoT market in Brazil over the next five years.”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“Brazil Internet of Things Market By Platform,
By Component, By Application, By Region, Competition, Forecast & Opportunities,
2025” has evaluated the future growth
potential of Brazil internet of things market and provides statistics & information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities in Brazil
internet of things market.
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