LatAm currently invests this amount in smart city infrastructure in areas like transportation, security, telecommunications and more, with annual growth of 19.4% for the smart city market in Latin America.
The growth in 4G connections in Latin America during 2016—51 million at the beginning of the year mushroomed into 113 million by the end of the year. It’s forecasted that by the end of this decade, Latin America will have more than 300 million 4G connections.
Of the top 10 countries in time spent on social media are in Latin America: these are Brazil (#2), Argentina (#3) and Mexico (#4).
Projected sales in 2021 of wearables in Latin America, meaning sales of fitness wristwear, activity trackers and smart clothes but not smart watches. Annual growth is projected at 17.6% between now and 2021.
This is the projected growth for the Latin American telehealth market. Telehealth allows healthcare professionals to see patients remotely in their homes or workplaces.
Schedule a free 1-hour consultation with our most senior Practice Leaders, who can offer an objective opinion on your firm’s strategic direction and provide advice on how to better plan your regional expansion.