Frost & Sullivan Podcasts

Mexico’s Innovation Potential

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Synopsis

Topic Discussed : Steps Toward Building a Culture of Innovation in Latin America's Second Largest EconomySpeakers: Speakers: Jillian Walker, Frost & Sullivan with Juan Cepeda, Strategy and Planning Director, Cisco MexicoKey Takeaways:Mexico boasts several assets that position it as a strong contender to become Latin America’s innovation hub over the next ten years. It also faces several challenges. Significant points include: In the last six years, growth of new start-ups led by 18- to 64-year old has been highest in Mexico among all other Latin American countries. This growth was more than double that of innovation-driven economies, including the United Kingdom, Sweden, and Switzerland In addition, by 2025, there will be 3.5 connected devices per person in Mexico, creating a hyper-connected scenario ripe for spurring innovation in digital products, services, sales models, and business models Further, the Mexican fin-tech market is expected to double from 2017 to 2022, reaching a value of $