Mexico: Opportunities --- After reviewing the course’s materials, I got curious about the state of IoT in Mexico. I found a piece online from 2018 addressing the potential of the tech market in Mexico. Then we got to 2020, and COVID hit. The country learned a big lesson: it needs to move faster with digitization. Our Statistics Agency (INEGI) reported that more than one million small and medium enterprises closed in 2020 and that among those that survived, the majority had effectively joined the digital market. It is clear now that economic life needs more of the ICT industry. Luckily, the entry into force of the US-Mexico-Canada Trade Agreement will keep bringing several companies to the country, many of which have fully incorporated digitization in their operations. The recovery of the economic activity will come with the strengthening of IoT. The trade agreement includes provisions on digital trade, which will push Mexican companies to enter that market if they want to reap benefits and compete or partner with American and Canadian companies.

Source author: Juan Feliciano Ascencio Moctezuma jascencio@sre.gob.mx