Companies partners to attend a market that is expected to be worth $44.4 billion by 2019
São Paulo – September 04, 2014 – Hi-mix, a Brazilian company that operates in the segment of EMS (Electronic Manufacturing Service) Contract Manufacturing, collaborates with Telit Wireless Solutions, a global provider of high-quality machine-to-machine (M2M) modules, services and solutions, to supply a growing demand for modules and services for the Latin America M2M and Internet of Things market. Hi-mix expects a 25% year growth for the next 5 years for its electronic components manufacturing business which includes Telit’s M2M modules.
A recently published research released by Micromarket Monitor corroborates Hi-mix numbers. The research states that the Latin American IoT and M2M communication market is estimated to grow from $14.2 billion in 2013 to $44.4 billion by 2019, at a CAGR of 19.9% from 2013 to 2019.
Those numbers shows that for some time now Latam companies have adopted Internet of Things technology into their products and solutions, a trend that is on the rise. The IoT is the ability to connect people and things into the internet and enable them to transmit data without the necessity of human-to-human or human-to-computer interaction.
In the Latam market, the need for better infra-structure, customized enterprise solutions and a wide range of vertical industries innovations are fueling the growth of the adoption of this technology. The Latam security market, as an example, is one of the biggest adopters of IoT and the Associação Brasileira das Empresas de Sistemas Eletrônicos de Segurança (ABESE), in 2013 the electronic security sector grew 10% and generated a total of 4.6 billion BRL in Brazil.
The number of homes in Brazil with fixed-line monitoring dropped from 47.5% in 2010 to 34.8% in 2013, resulting from the replacement of alarms connected by fixed telephone lines with GPRS systems. This illustrates that people are replacing their old home alarm system with newer models that integrates the Internet of Things concept to supply a product with more functionalities that is easier to install and more secure against sabotage.
Hi-mix offers for companies in Brazil and throughout the world a complete solution for Service Outsourcing (also known as Electronic Manufacturing Service, or EMS). Hi-mix has over 900 employers and offers precise, high quality assembly, integration and testing of electronic boards allow costs reduction while increasing production capacity of 1MM/ components per hour.
“Hi-mix has the quality and manufacture capacity to maintain Telit’s high standards so that we can supply our partners with our best in its class modules and products”, says Ricardo Buranello, Vice President and General Manager of Telit Latin America. “With more companies adopting the Internet of Things into their products, it is very important to be able to have the structure and capacity to support the growth of this particular segment”.
With over 12 years of unparalleled focus on M2M, reducing technical risk and shortening time to market for OEMs and integrators, Telit’s ONE STOP. ONE SHOP. delivers all necessary services and products to connect assets to the Internet of Things. Whether sourcing single products or full end-to-end solutions, customers count on Telit to deliver M2M’s broadest portfolio in cellular, short range and positioning technologies paired with m2mAIR services covering application enablement as well as deployment management & connectivity under mobile networks and over the Internet & Cloud. Telit benchmark-quality products and services are delivered with global support and logistics exceeding exacting requirements from customers large and small. Telit’s ONE STOP. ONE SHOP. delivers The Internet of Things made Plug & Play. Now innovate!