Cisco says IoT to add USD 352 bln to Brazil economy by 2022

Friday 12 June 2015 | 13:00 CET | News
Cisco estimates that the Internet of Things (IoT) could add USD 352 billion to the Brazilian economy by the end of 2022, reports Computeworld. Of this total, USD 70 billion would relate to projects in the public sector and another USD 282 billion to the private sector. Brazil accounts for over a third of the USD 860 billion estimated by Cisco that the concept of IoT will add to the economy of Latin America. Mexico is considered the second country with high potential in the region, with a total of USD 197 billion in increased opportunities.

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Categories: Internet
Companies: Cisco
Countries: Brazil
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