Mexico electronics industry paves the way to 4.0
As a manufacturer of electronic components, Mexico is well-positioned for the expansion of the advanced manufacturing sector, according to Mario de la Cruz (pictured) president of ICT industry chamber Canieti.
During an event organized by Mexico's national foreign trade bank Bancomext, de la Cruz said electronics industry exports amount to US$76bn per year, making it the second-largest exporting industry in Mexico, after the automotive sector.
Given the weight of electronics, Mexico is at a key moment to further boost its industry 4.0, said de la Cruz. The executive added that this sort of development requires the deployment of 5G technology and other internet of things networks.
De la Cruz predicted the number of connected devices in Mexico, including machine-to-machine connections, to reach 365mn in the next four years.
Despite undeniable opportunities, de la Cruz underscored that industrial connectivity also brings security risks for critical infrastructure. Hence, Canieti and other ICT industry representatives began pushing for the development of a national cybersecurity strategy.
De la Cruz said that Mexico went from 40mn internet users when the telecommunications reform was enacted to 64mn. While this constitutes an achievement already, he added that it remains crucial to continue working on bridging the digital gap.
GOVERNMENT ROLE
For his part, Gabriel Contreras, president of telecom regulator IFT, underscored the government's commitment to the development and expansion of the country's industry 4.0. He said the authorities have the obligation to facilitate investments and provide spectrum for the deployment of next generation networks.
Contreras mentioned some changes the enactment of the telecommunications reform brought about. For instance, online banking has grown 160% since 2014. "Triple digit growth is not something you see in every sector," said Contreras.
The official highlighted that each of the 26mn users carried out an average of seven online-banking transactions every day in 2015.
The telecom sector is expecting investments of US$7.5bn from the Red Compartida wholesale network and an additional US$3.5bn from projects announced by Canieti, said Contreras.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: ICT (Mexico)
Roundup: Telecoms infra, spectrum use, regulations update, digital identity and more
BNamericas presents a roundup of Latin American IT sector news.
How the Mexican mining industry should confront ever more sophisticated cyberattacks
The incursion of drug trafficking groups into cybercrime aggravates this threat for mining companies operating in Mexico, according to experts.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: ICT (Mexico)
Get critical information about thousands of ICT projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Google Cloud Region in Mexico
- Current stage:
- Updated: 2 days ago
- Project: Submarine Cable Aurora
- Current stage:
- Updated: 1 month ago
- Project: QR04 Data Center (DC QR04)
- Current stage:
- Updated: 2 months ago
- Project: Cable Submarino Caribbean Express (CX)
- Current stage:
- Updated: 2 months ago
- Project: KIO MTY 2 Data Center
- Current stage:
- Updated: 2 months ago
- Project: MO2 Phase I Data Center
- Current stage:
- Updated: 2 months ago
- Project: MX3 Data Center (Mexico City 3x-1)
- Current stage:
- Updated: 2 months ago
- Project: AWS Data Center Region in Querétaro
- Current stage:
- Updated: 4 months ago
- Project: Second KIO Data Center in Querétaro (KIO QRO 2) (Phase 1)
- Current stage:
- Updated: 5 months ago
- Project: QR03 Data Center
- Current stage:
- Updated: 5 months ago
Other companies in: ICT (Mexico)
Get critical information about thousands of ICT companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Alvarez & Marsal, Sucursal México
- Company: Elara Comunicaciones S.A.P.I. de C.V. (Elara Comunicaciones)
- Elara, founded in 2004, offers telecommunications and technology solutions in Mexico and the Latam market. Through its four business units, Elara innovates and creates connectiv...
- Company: Hansam, S.A. de C.V.
- Company: Ernst & Young México (EY México)
- Company: AT&T Comunicaciones Digitales, S. de R.L. de C.V. (AT&T México)
- AT&T Comunicaciones Digitales S. de R.L. de C.V., (AT&T Mexico) is a local subsidiary of US telecommunications holding company AT&T Inc., and it provides voice and broadband ser...
- Company: Sitios Latinoamérica, S.A.B. de C.V. (Sitios Latam)
- The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Tata Consultancy Services de México, S.A. de C.V. (TCS México)
- Tata Consultancy Services de México, S.A. de C.V. is the local unit of Tata Consultancy Services Ltd. The company started operations in Mexico City in 2003 and actually offers a...
- Company: Alestra S. de R.L. de C.V. (Alestra)
- Alestra S. de R.L. de C.V. (Alestra) participates in the market of communication and information technologies in Mexico since 1996. Based in the City of Mexico, Alestra operates...