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TECH SUPPLIER Aug 2018 - Market Perspective - Doc # LA44218518

IoT enabled Transportation in Latin America

By: Diego AnesiniDirector Research Latin America

Abstract

This market perspective aims to provide a summary of the most important IoT trends for transportation in Latin America, using an analysis of primary and secondary information sources.

This analysis includes definitions and a description of transportation 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 Transportation will grow from $2.87 billion in 2017 to over $7.5 billion in 2022 with a compound annual growth rate (CAGR) of 21.4" says Diego Anesini, research director, Latin America. "The IoT implementation in transport will significantly improve the conditions of both passenger and cargo transport in the region".


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