Peru Internet of Things Market By Platform (Device Management, Network Management and Application Management), By Component (Hardware, Services and Software), By Application, By Region, Competition, Forecast & Opportunities, 2025

The Peruvian Internet of Things Market is expected to grow at impressive rate during the forecast period on account of increasing technological advancements and growing use of technology in various applications like consumer electronics, building & home automation, connected logistics, etc. Moreover, developments in big data, cloud computing, data centers and data analytics is expected to positively influence the market over the coming years. Internet penetration in Peru in 2018 was 52.54% and surging adopting of BYOD and CYOD are propelling the growth of IoT in the country. Additionally, supportive initiatives by the government to promote digital transformation and develop smart cities is anticipated to have a positive impact on the IoT market of Peru as these initiatives will increase the number of connected devices in the country.

The Peruvian 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 is anticipated to dominate the IoT market until 2025 due to increasing adoption of IoT in the various end-user industries for improving operational efficiency.

Major players operating in the Peruvian Internet of Things Market include SAP Perú, Intel Peru, General Electric International Peru, IBM Perú, Amazon Web Services, Robert Bosch SAC, Microsoft Perú, Sistemas Oracle del Peru S.A., Hewlett-Packard Peru S.R.L., and others.

Years considered for this report:

• Historical Years: 2015-2018
• Base Year: 2019
• Estimated Year: 2020
• Forecast Period: 2021–2025

Objective of the Study:

• To analyze and forecast the market size of the Peruvian Internet of Things Market.
• To classify and forecast the Peruvian Internet of Things Market based on platform, application, component, company and regional distribution.
• To identify drivers and challenges for the Peruvian Internet of Things Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Peruvian Internet of Things Market.
• To identify and analyze the profile of leading players operating in the Peruvian Internet of Things Market.

The author performed both primary as well as exhaustive secondary research for this study. Initially, they sourced a list of service providers across the region. Subsequently, they conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, they could include the service providers which could not be identified due to the limitations of secondary research. The author analyzed the service providers, distribution channels and presence of all major players across the region.

The author calculated the market size of the Peruvian Internet of Things Market by using a bottom-up approach, wherein the data for various end-user segments was recorded and forecast for the future years. They sourced these values from the industry experts and company representatives and externally validated 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.

Key Target Audience:

• Internet of things software, services & hardware providers, vendors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to 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 service providers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Report Scope:
In this report, the Peruvian Internet of Things Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, By Platform:

• Network Management
• Application Management
• Device Management

Market, By Component:

• Hardware
• Services
• Software

Market, By Application:

• Consumer Electronics
• Building & Home Automation
• Connected Logistics
• Smart Mobility & Transportation
• Smart Retail
• Others

Market, By Region:

• Eastern
• Southern
• Western
• Central
• Northern

Competitive Landscape:

• Company Profiles: Detailed analysis of the major companies present in the Peruvian Internet of Things Market.

Available Customizations:
With the given market data, the author offers customizations according to a client’s specific needs.