Ecuador. The Andean country is the latest milestone in the international growth plan that the company initiated 4 years ago, just before what ended up being a devastating pandemic.
In 2019, Alai Secure was planted in Colombia and 12 months later it began operating in Chile. In 2022 it arrived in Peru and earlier this year it did so in Mexico. Now it's Ecuador's turn.
In this context, Alai Secure has just hired Mariela Miranda Vega as the new Account Manager in the country. The executive has extensive experience in 
companies such as Claro or Erictel, where she worked for 5 years as an IoT specialist. In Alai Secure she will be in charge of leading the operation and team in Ecuador.
Expectations about the Ecuadorian market
Regarding M2M/IoT connectivity, a study by Gartner ICT (2022) calculated that Latin America will have a market potential of 4,155 million euros by 2024 and a compound annual growth rate of 17%, which seems not to have gone unnoticed by Alai Secure.
Additionally, the International Monetary Fund (IMF) estimates that Ecuador's economy will grow by 2.9% during 2023 and that the increase in its Gross Domestic Product (GDP) will be one of the highest in South America. In this way, companies such as Alai Secure consider that the country has one of the greatest potentials of M2M / IoT connectivity, although it is still considered by some as a nascent market.
