Rising Adoption of Smart Devices in Peru to Drive Internet of Things Market of Peru Until 2025

Growing adoption of cloud computing & smart devices, and supportive government initiatives to drive the growth of Peru internet of things market

According to TechSci Research report, “Peru Internet of Things Market By Platform, By Component, By Application, By Region, Competition, Forecast & Opportunities, 2025” Peru internet of things or IoT market is expected to grow at a double-digit CAGR during the forecast period on account of rising demand for smart devices, growing government initiatives and rise in demand for analytics. In order to push the adoption of IoT in the South American countries, the government is working on strategies and rolling out policies to bolster digital transformation. IoT assists in improving the operational efficiency and helps to optimize business outcomes; therefore, organizations in various verticals such as IT & telecom, retail, automotive, among others are readily adopting IoT, which is projected to drive the growth of the market until 2025.

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Peru internet of things market is segmented based on platform, component, application, company and regional distribution. Based on platform, internet of things market can be segregated into device management, network management and application management. Among these, device management is expected to grow at the highest CAGR over the next five years on account of increasing emphasis on improving the operational efficiency and managing connected devices.

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 are some of the leading players operating in Peru internet of things market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.

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 “Among applications, smart mobility and transportation segment is forecast to grow at an impressive rate through 2025 on the back of rising need to improve mobility and solve the problem of traffic congestion in cities. Moreover, increasing demand for handling challenges such as traffic flow management, energy management, etc., along with increasing investment by the government on smart cities and suburbs program is further anticipated to promote the growth of IoT in smart mobility and transportation segment in the country.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Peru Internet of Things Market By Platform, By Component, By Application, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of Peru internet of things market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Peru internet of things market.

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