'For Latin America, we have a very ambitious and already underway plan. Our new business in Uruguay has increased the scale of the network in Latin America and brought greater to local IoT integrators and solution providers. The ecosystem, 'YEAP! CEO Martin Rajman said.
According to market research firm Micromarket Monitor, the Internet of Things market in Latin America is expected to grow more than three times from $14.2 billion in 2013 to $44.4 billion in 2019. To support this rapid growth, YEAP! has developed a LoRa based Long-distance, low-power infrastructure to support a variety of different solutions, including smart parking, smart lighting and smart energy monitoring. YEAP! solutions can be introduced into existing networks at minimal deployment cost. The low power design of LoRa technology provides the best battery life.
'The Internet of Things industry in Latin America is expanding rapidly, and YEAP! is one of the leading companies in the region to build smart, innovative solutions,' said Vivek Mohan, Director of Internet of Things, Semtech Wireless and Sensing Products Business Unit. 'Based on LoRa The solution is important for Latin America to improve its community services and address everyday challenges, including reducing traffic congestion and conserving natural resources. Semtech's partnership with YEAP! will continue to advance our common goal of creating countless species for multiple vertical markets. LoRa-based usage scenarios. '