It is steadily clear that; mobile is driving the Mexico’s Start-Up and M2M Sectors. Many experts in the industry considered Mexico as one of the most dynamic start-up scenes in Latin America, attracting a high share of risk capital relative to its regional peers.
According to a new GSMA report, in the last two years, Mexico received more
than $1.7 billion in venture capital (VC) funding, the second-highest
investment in Latin America (behind Brazil) and representing about a third of
all VC funding in the region.
One can also observe that, almost 70 % of VC investment in Mexico over
the last two years concerned deals in the internet and mobile sectors.
Mexico’s mobile operators are increasingly becoming involved in emerging
areas such as the Internet of Things (IoT) and machine-to-machine (M2M), digital
commerce, mobile security and all-IP communications.
M2M technology is being introduced into several sectors, for
example in smart meters, digital signage, telecare, remote monitoring, mobile
payments and connected cars.
The number of cellular M2M connections in Mexico is forecast
to more than triple over the next five years, increasing from 4 million in 2015
to 13 million by 2020.