Latin America: IoT revenue 2018-2025

In 2020, Internet of Things (IoT) is expected to generate over 18 billion U.S. dollars in revenue in Latin America and the figure is expected to grow rapidly and reach 47 billion by 2025. The number of IoT connections in the region is expected to increase from 526 million to 1.3 billion between 2018 and 2025.

Revenue generated by Internet of Things (IoT) in Latin America from 2018 to 2025

Revenue in billion U.S. dollars
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Sources

Release date

December 2019

Region

Central and South America

Survey time period

2018

Supplementary notes

* 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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