This market perspective aims to provide a summary of the most important Digital Transformation and IoT trends for utilities in Latin America, using an analysis of primary and secondary information sources.
This analysis includes definitions and a description of utilities' digital mission in general and within the Latin American context. It then defines the use cases for IoT that IDC includes in its analysis, how technology is being implemented and how it produces business outcomes and a future outlook.
Finally, this document provides an analysis of a few examples in Latin America, ending in key recommendations for vendors and service providers.
"Latin America's IoT market in utilities will grow from $2.75 billion in 2017 to $3.67 billion in 2021 with a compound annual growth rate (CAGR) of 7.5%" says Diego Anesini, research director, Latin America. "Latin America will need to generate more energy in the next years to satisfy business and consumer needs as GDP continue to grow. The strategy to achieve this goal will come from a combination of actions to transform utilities into more efficient, modern and intelligent networks."
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