LATAM IIoT Platforms for Smart Factories Market Size & Outlook, 2025-2033

LATAM IIoT Platforms for Smart Factories Market Highlights

Market Strides analysis indicates that the LATAM IIoT Platforms for Smart Factories Market size, which was USD 900 Million in 2024, is projected to attain USD 2,539.87 Million by 2033.
The market is expected to register a CAGR of 12.33% over the period 2025–2033.
In 2024, Robotics emerged as the dominant By Solution based on market size.
IIoT is projected to register the fastest growth, positioning it as the most attractive By Solution segment over the forecast horizon.

LATAM IIoT Platforms for Smart Factories Market Overview

Source: MS Analysis Company Publications, Primary Interviews.

Other Key Findings

LATAM represented 10% of the global IIoT Platforms for Smart Factories Market size in 2024.
By 2033, United States is estimated to hold the largest position in the global market in terms of size.
Argentina is estimated to remain the fastest-growing market in LATAM, advancing to USD 1063.95 Million by 2033.

Report Summary

Report Scope	Details
Base Year for Study	2024
Study Period	2021-2033
Historical Period	2021-2023
Forecast Period	2025-2033
Market Size In 2024	USD 900 Million
Market Size In 2033	USD 2,539.87 Million
Largest segment	Robotics
Units	Revenue in USD Million
CAGR	12.33% (2025-2033)
Segmnetation Covered
LATAM	Brazil Mexico Argentina Colombia Chile
By Solution	Robotics IIoT Digital Twin
By Industry	Automotive Electronics
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends

LATAM IIoT Platforms for Smart Factories Market Country 2025-2033 (USD Million)

LATAM	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Brazil	XX.x	XX.x	XX.x	342	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Mexico	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Argentina	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Colombia	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Chile	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: MS Analysis Company Publications, Primary Interviews.

LATAM IIoT Platforms for Smart Factories Market By Solution 2025-2033 (USD Million)

By Solution	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Robotics	XX.x	XX.x	XX.x	405.63	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
IIoT	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Digital Twin	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: MS Analysis Company Publications, Primary Interviews.

LATAM IIoT Platforms for Smart Factories Market By Industry 2025-2033 (USD Million)

By Industry	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Automotive	XX.x	XX.x	XX.x	512.82	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Electronics	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: MS Analysis Company Publications, Primary Interviews.

Author :

Market Strides Research Team

The Market Strides Research Team delivers concise, data-driven insights across Construction & Manufacturing, Energy & Power, and Machinery & Equipment markets. With expertise covering materials, machinery, automation, infrastructure, power systems, renewables, and industrial technologies, the team provides reliable research and clear market intelligence for global businesses and decision-makers.