(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, May 07, 2021, 06:02 /Comserve / -- Internet of things(IoT) collects data or information from various smart devices such as smartphones, smart wearables, sensors, among others. Collected data is then used to derive crucial insights which are later used for enhancing customer experience.
Brazil internet of things market stood at USD 5.67 Billion in 2020 and is expected to grow at a CAGR of 18.99% in the next five years to reach USD 16.43 Billion by 2026 on account of the increase in adoption of cloud-based platforms, development of wireless networking technologies, and surge in a number of connected devices.
Internet of things(IoT) collects data or information from various smart devices such as smartphones, smart wearables, sensors, among others. Collected data is then used to derive crucial insights which are later used for enhancing customer experience. Therefore, several industries are adopting IoT to benefit from the technology and regulate operational efficiency.
Brazil internet of things market is segmented based on platform, component, application, company, and regional distribution. Based on the component, the market can be segmented into hardware, software, and services. The hardware segment accounted for the dominant share in 2020 and the trend is likely to continue until 2026 due to increased adoption of the internet of things by end-user industries.
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Major players operating in the Brazil internet of things market include SAP Brasil, Intel Corporation Brasil, General Electric Corporation Brasil Ltda., IBM Corp Brasil, Amazon Web Services Brasil, Robert Bosch Gmbh, Microsoft Corporation Brasil, Oracle do Brasil Sistemas Ltda, Hewlett-Packard Brasil Ltda and others. The companies operating in the market are investing in research & development in order to offer miniaturized sensors which can be easily embedded in consumer electronics products.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 20222026
The objective of the Study:
• To analyze and forecast the market size of Brazil internet of things market.
• To classify and forecast Brazil internet of things market based on platform, application, component, company, and regional distribution.
• To identify drivers and challenges for Brazil internet of things market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Brazil internet of things market.
• To identify and analyze the profile of leading players operating in Brazil internet of things market.
SDKI performed both primary as well as exhaustive secondary research for this study. Initially, SDKI sourced a list of service providers across the region. Subsequently, SDKI conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, SDKI could include the service providers which could not be identified due to the limitations of secondary research. SDKI analyzed the service providers, distribution channels, and presence of all major players across the region.
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SDKI calculated the market size of Brazil internet of things market using a bottom-up approach, wherein data for various end-user segments were recorded and forecast for the future years. SDKI sourced these values from the industry experts and company representatives and externally validated them through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied by SDKI .
Key Target Audience :
• IoT software, services & hardware providers, vendors, and other stakeholders
• Government bodies such as regulating authorities and policymakers
• Organizations, forums, and alliances related to the internet of things
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as software, services & hardware providers, vendors, end-users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Brazil internet of things market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
• Market, By Platform:
o Network Management
o Application Management
o Device Management
• Market, By Component:
o Hardware
o Services
o Software
• Market, By Application:
o Consumer Electronics
o Building & Home Automation
o Connected Logistics
o Smart Mobility & Transportation
o Smart Retail
o Others
• Market, by Region :
o South Eastern
o Southern
o North Eastern
o Mid Western
For more information about this report visit: Brazil Internet of Things Market
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Brazil internet of things market.
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
For more information, please contact:
Hina Miyazu Shibuya Data Count
Email:
Tel: + 81 3 45720790
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