South America Military IoT Market Forecast (2018-2024)

Year BRAZIL REST OF SOUTH AMERICA
2018 $ 301.8 $ 193.2
2019 $ 328.3 $ 203.2
2020 $ 356.9 $ 213.7
2021 $ 387.8 $ 224.5
2022 $ 421.1 $ 235.7
2023 $ 457.0 $ 247.2
2024 $ 495.7 $ 259.2
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South America Military IoT Market Forecast (2018-2024)

Synopsis
The above chart is Global Military IoT market [2018-2024] by South America

Market Dynamics

Brazil accounted for the larger market share in 2018 in the south america military iot market, and is expected to reach usd 495.70 million in 2024 from usd 301.80 million in 2018.this market is projected to grow at a cagr of 8.59% during the forecast period from 2019 - 2024. hardware segment accounted for the largest market share in 2018, this market is expected to reach usd 293.70 million in 2024 from usd 208.00 million in 2018. this market is projected to grow at a cagr of 5.90% during the forecast period from 2019 - 2024. however, software segment is the fastest growing market, which is expected to grow at a cagr of 8.44% during the forecast period 2019 - 2024. wi fi segment accounted for the largest market share in 2018, this market is expected to reach usd 415.20 million in 2024 from usd 259.50 million in 2018. this market is projected to grow at a cagr of 8.13% during the forecast period from 2019 - 2024. however, wi fi segment is the fastest growing market, which is expected to grow at a cagr of 8.13% during the forecast period 2019 - 2024. real time fleet management segment accounted for the largest market share in 2018, this market is expected to reach usd 164.90 million in 2024 from usd 115.30 million in 2018. this market is projected to grow at a cagr of 6.12% during the forecast period from 2019 - 2024. however, training and simulation segment is the fastest growing market, which is expected to grow at a cagr of 8.56% during the forecast period 2019 - 2024.

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