NEW YORK, April 19, 2023 /PRNewswire/ -- The "Latin America Information Technology (IT) Services Market by Type and Deployment - Forecast and Analysis 2023-2027" report has been added to Technavio's offering. The market size is estimated to grow by USD 49,380.19 million during 2022-2027 at a CAGR of 8.7%. The market has been segmented by type (project-oriented service, enterprise cloud computing service, IT outsourcing service, and IT support and training service) and deployment (hosted service and managed service). The project-oriented service segment will account for a significant share of market growth during the forecast period. These services include system integration, IT consulting, and application development services. Various vendors provide project-oriented services in the region. For instance, Cognizant provides application development and value management services in Argentina. These factors will drive the growth of the segment during the forecast period. For comprehensive details on the market size of historic period (2017 to 2021) and forecast period (2023-2027) - View a sample report
Vendor landscape
The IT services market in Latin America is fragmented. The existing vendors are investing in R&D to expand their offerings and increase their consumer base, while new players are expected to enter the market with innovative solutions during the forecast period. This is increasing the competition among vendors. The dynamically changing consumer requirements are encouraging vendors to develop new solutions to meet the demands of consumers. Therefore, vendors are investing significantly in retaining and expanding their consumer base.
Market dynamics
Major drivers & challenges - The market is expected to be driven by factors such as the growing demand for IoT and big data operations. Due to the rising use of internet-connected devices, the demand for managed services has increased. Connected cars, connected homes, and smart cities are becoming popular. IoT devices need an energy-efficient network of smart nodes, which also increases the use of internet and infrastructure services. In addition, the increasing use of big data analytics has triggered the expansion of data centers. Enterprises use big data sets for predictive and consumer analytics operations. Thus, with the rise in the demand for big data analytics, the demand for IT services will increase. These factors will drive market growth during the forecast period.
The lack of quality standards in SLAs is challenging market growth. SLAs do not cover the services delivered, and end-users are unaware of the full services that must be included. Therefore, service providers need to increase transparency in SLAs. They should also provide data regarding uptime, downtime, and outage frequency. Moreover, customers should monitor the efficiency of their IT systems. Therefore, the lack of quality standards in SLAs can impede market growth.
Key trends – The integration of big data in IT service provider offerings is a key trend in the market. IT service providers can access large amounts of data and analyze it to offer a wide range of solutions. The use of big data analytics helps companies understand the reach and impact of their products. IT service providers offer services that are designed to provide quantitative and qualitative insights, which can be achieved with the help of big data analysis and market research analysis. Many companies use big data tools to run predictive analytics processes on their customer information databases, the result of which can be used to arrive at predictive segmentation values. Therefore, the use of such tools will support the growth of the IT services market in Latin America during the forecast period.
Technavio has identified key trends, drivers, and challenges in the market, which will
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report
Company profiles
The report includes information on the product launches, sustainability, and prospects of leading vendors, including Alphabet Inc., Accenture Plc, Amazon.com Inc., Atos SE, Capgemini Service SAS, Cisco Systems Inc., Dell Technologies Inc., Deloitte Touche Tohmatsu Ltd., Ernst and Young Global Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., KPMG International Ltd., Microsoft Corp., Oracle Corp., PricewaterhouseCoopers LLP, Salesforce.com Inc., SAP SE, SONDA S.A., and Tata Consultancy Services Ltd.
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Competitive analysis
The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, among others.
Related Reports
The size of Chile Information Technology (IT) market is estimated to decline at a CAGR of 8.55% between 2022 and 2027. The market size is forecasted to increase by USD 3,855.69 million. This report extensively covers market segmentation by type (services, hardware, and software) and end-user (BFSI, IT and telecom, government, healthcare, manufacturing, and others).
The IT market in Argentina is estimated to grow at a CAGR of 8.3% between 2022 and 2027. The size of the market is forecasted to increase by USD 6,689.71 million. This report extensively covers market segmentation by end-user (BFSI, IT and telecom, government, healthcare, and others), and type (services, software, and hardware).
IT Services Market Scope in Latin America |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.7% |
Market growth 2023-2027 |
USD 49,380.19 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
6.89 |
Key countries |
Brazil, Mexico, Argentina, Colombia, and Rest of Latin America |
Competitive landscape |
Leading vendors, market positioning of vendors, competitive strategies, and industry risks |
Key companies profiled |
Alphabet Inc., Accenture Plc, Amazon.com Inc., Atos SE, Capgemini Service SAS, Cisco Systems Inc., Dell Technologies Inc., Deloitte Touche Tohmatsu Ltd., Ernst and Young Global Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., KPMG International Ltd., Microsoft Corp., Oracle Corp., PricewaterhouseCoopers LLP, Salesforce.com Inc., SAP SE, SONDA S.A., and Tata Consultancy Services Ltd. |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse for Technavio Information Technology market reports
Table of contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Deployment
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Latin America - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Regional - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Latin America: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Regional - Market size and forecast 2022-2027 ($ million)
4 Historic Market Size
- 4.1 IT services market in Latin America 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on IT services market in Latin America 2017 - 2021 ($ million)
- 4.2 By type Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – By type Segment 2017 - 2021 ($ million)
- 4.3 By deployment Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – By deployment Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 22: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 25: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 26: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 27: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 28: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Type
- 6.1 Market segments
- Exhibit 29: Chart on Type - Market share 2022-2027 (%)
- Exhibit 30: Data Table on Type - Market share 2022-2027 (%)
- 6.2 Comparison by Type
- Exhibit 31: Chart on Comparison by Type
- Exhibit 32: Data Table on Comparison by Type
- 6.3 Project oriented service - Market size and forecast 2022-2027
- Exhibit 33: Chart on Project oriented service - Market size and forecast 2022-2027 ($ million)
- Exhibit 34: Data Table on Project oriented service - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Chart on Project oriented service - Year-over-year growth 2022-2027 (%)
- Exhibit 36: Data Table on Project oriented service - Year-over-year growth 2022-2027 (%)
- 6.4 Enterprise cloud computing service - Market size and forecast 2022-2027
- Exhibit 37: Chart on Enterprise cloud computing service - Market size and forecast 2022-2027 ($ million)
- Exhibit 38: Data Table on Enterprise cloud computing service - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Chart on Enterprise cloud computing service - Year-over-year growth 2022-2027 (%)
- Exhibit 40: Data Table on Enterprise cloud computing service - Year-over-year growth 2022-2027 (%)
- 6.5 IT outsourcing service - Market size and forecast 2022-2027
- Exhibit 41: Chart on IT outsourcing service - Market size and forecast 2022-2027 ($ million)
- Exhibit 42: Data Table on IT outsourcing service - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Chart on IT outsourcing service - Year-over-year growth 2022-2027 (%)
- Exhibit 44: Data Table on IT outsourcing service - Year-over-year growth 2022-2027 (%)
- 6.6 IT support and training service - Market size and forecast 2022-2027
- Exhibit 45: Chart on IT support and training service - Market size and forecast 2022-2027 ($ million)
- Exhibit 46: Data Table on IT support and training service - Market size and forecast 2022-2027 ($ million)
- Exhibit 47: Chart on IT support and training service - Year-over-year growth 2022-2027 (%)
- Exhibit 48: Data Table on IT support and training service - Year-over-year growth 2022-2027 (%)
- 6.7 Market opportunity by Type
- Exhibit 49: Market opportunity by Type ($ million)
- Exhibit 50: Data Table on Market opportunity by Type ($ million)
7 Market Segmentation by Deployment
- 7.1 Market segments
- Exhibit 51: Chart on Deployment - Market share 2022-2027 (%)
- Exhibit 52: Data Table on Deployment - Market share 2022-2027 (%)
- 7.2 Comparison by Deployment
- Exhibit 53: Chart on Comparison by Deployment
- Exhibit 54: Data Table on Comparison by Deployment
- 7.3 Hosted service - Market size and forecast 2022-2027
- Exhibit 55: Chart on Hosted service - Market size and forecast 2022-2027 ($ million)
- Exhibit 56: Data Table on Hosted service - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Chart on Hosted service - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on Hosted service - Year-over-year growth 2022-2027 (%)
- 7.4 Managed service - Market size and forecast 2022-2027
- Exhibit 59: Chart on Managed service - Market size and forecast 2022-2027 ($ million)
- Exhibit 60: Data Table on Managed service - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Chart on Managed service - Year-over-year growth 2022-2027 (%)
- Exhibit 62: Data Table on Managed service - Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by Deployment
- Exhibit 63: Market opportunity by Deployment ($ million)
- Exhibit 64: Data Table on Market opportunity by Deployment ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 65: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 66: Chart on Market share by geography - 2022-2027 (%)
- Exhibit 67: Data Table on Market share by geography - 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 68: Chart on Geographic comparison
- Exhibit 69: Data Table on Geographic comparison
- 9.3 Brazil - Market size and forecast 2022-2027
- Exhibit 70: Chart on Brazil - Market size and forecast 2022-2027 ($ million)
- Exhibit 71: Data Table on Brazil - Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Chart on Brazil - Year-over-year growth 2022-2027 (%)
- Exhibit 73: Data Table on Brazil - Year-over-year growth 2022-2027 (%)
- 9.4 Mexico - Market size and forecast 2022-2027
- Exhibit 74: Chart on Mexico - Market size and forecast 2022-2027 ($ million)
- Exhibit 75: Data Table on Mexico - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Chart on Mexico - Year-over-year growth 2022-2027 (%)
- Exhibit 77: Data Table on Mexico - Year-over-year growth 2022-2027 (%)
- 9.5 Argentina - Market size and forecast 2022-2027
- Exhibit 78: Chart on Argentina - Market size and forecast 2022-2027 ($ million)
- Exhibit 79: Data Table on Argentina - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Chart on Argentina - Year-over-year growth 2022-2027 (%)
- Exhibit 81: Data Table on Argentina - Year-over-year growth 2022-2027 (%)
- 9.6 Colombia - Market size and forecast 2022-2027
- Exhibit 82: Chart on Colombia - Market size and forecast 2022-2027 ($ million)
- Exhibit 83: Data Table on Colombia - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Chart on Colombia - Year-over-year growth 2022-2027 (%)
- Exhibit 85: Data Table on Colombia - Year-over-year growth 2022-2027 (%)
- 9.7 Rest of Latin America - Market size and forecast 2022-2027
- Exhibit 86: Chart on Rest of Latin America - Market size and forecast 2022-2027 ($ million)
- Exhibit 87: Data Table on Rest of Latin America - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Chart on Rest of Latin America - Year-over-year growth 2022-2027 (%)
- Exhibit 89: Data Table on Rest of Latin America - Year-over-year growth 2022-2027 (%)
- 9.8 Market opportunity by geography
- Exhibit 90: Market opportunity by geography ($ million)
- Exhibit 91: Data Table on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 92: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 93: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 94: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 95: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 96: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 97: Matrix on vendor position and classification
- 12.3 Alphabet Inc.
- Exhibit 98: Alphabet Inc. - Overview
- Exhibit 99: Alphabet Inc. - Business segments
- Exhibit 100: Alphabet Inc. - Key news
- Exhibit 101: Alphabet Inc. - Key offerings
- Exhibit 102: Alphabet Inc. - Segment focus
- 12.4 Accenture Plc
- Exhibit 103: Accenture Plc - Overview
- Exhibit 104: Accenture Plc - Business segments
- Exhibit 105: Accenture Plc - Key offerings
- Exhibit 106: Accenture Plc - Segment focus
- 12.5 Amazon.com Inc.
- Exhibit 107: Amazon.com Inc. - Overview
- Exhibit 108: Amazon.com Inc. - Business segments
- Exhibit 109: Amazon.com Inc. - Key news
- Exhibit 110: Amazon.com Inc. - Key offerings
- Exhibit 111: Amazon.com Inc. - Segment focus
- 12.6 Atos SE
- Exhibit 112: Atos SE - Overview
- Exhibit 113: Atos SE - Business segments
- Exhibit 114: Atos SE - Key news
- Exhibit 115: Atos SE - Key offerings
- Exhibit 116: Atos SE - Segment focus
- 12.7 Capgemini Service SAS
- Exhibit 117: Capgemini Service SAS - Overview
- Exhibit 118: Capgemini Service SAS - Business segments
- Exhibit 119: Capgemini Service SAS - Key news
- Exhibit 120: Capgemini Service SAS - Key offerings
- Exhibit 121: Capgemini Service SAS - Segment focus
- 12.8 Cisco Systems Inc.
- Exhibit 122: Cisco Systems Inc. - Overview
- Exhibit 123: Cisco Systems Inc. - Business segments
- Exhibit 124: Cisco Systems Inc. - Key news
- Exhibit 125: Cisco Systems Inc. - Key offerings
- Exhibit 126: Cisco Systems Inc. - Segment focus
- 12.9 Dell Technologies Inc.
- Exhibit 127: Dell Technologies Inc. - Overview
- Exhibit 128: Dell Technologies Inc. - Business segments
- Exhibit 129: Dell Technologies Inc. - Key news
- Exhibit 130: Dell Technologies Inc. - Key offerings
- Exhibit 131: Dell Technologies Inc. - Segment focus
- 12.10 Deloitte Touche Tohmatsu Ltd.
- Exhibit 132: Deloitte Touche Tohmatsu Ltd. - Overview
- Exhibit 133: Deloitte Touche Tohmatsu Ltd. - Business segments
- Exhibit 134: Deloitte Touche Tohmatsu Ltd. - Key offerings
- Exhibit 135: Deloitte Touche Tohmatsu Ltd. - Segment focus
- 12.11 Ernst and Young Global Ltd.
- Exhibit 136: Ernst and Young Global Ltd. - Overview
- Exhibit 137: Ernst and Young Global Ltd. - Product / Service
- Exhibit 138: Ernst and Young Global Ltd. - Key offerings
- 12.12 HCL Technologies Ltd.
- Exhibit 139: HCL Technologies Ltd. - Overview
- Exhibit 140: HCL Technologies Ltd. - Business segments
- Exhibit 141: HCL Technologies Ltd. - Key news
- Exhibit 142: HCL Technologies Ltd. - Key offerings
- Exhibit 143: HCL Technologies Ltd. - Segment focus
- 12.13 Hewlett Packard Enterprise Co.
- Exhibit 144: Hewlett Packard Enterprise Co. - Overview
- Exhibit 145: Hewlett Packard Enterprise Co. - Business segments
- Exhibit 146: Hewlett Packard Enterprise Co. - Key news
- Exhibit 147: Hewlett Packard Enterprise Co. - Key offerings
- Exhibit 148: Hewlett Packard Enterprise Co. - Segment focus
- 12.14 International Business Machines Corp.
- Exhibit 149: International Business Machines Corp. - Overview
- Exhibit 150: International Business Machines Corp. - Business segments
- Exhibit 151: International Business Machines Corp. - Key offerings
- Exhibit 152: International Business Machines Corp. - Segment focus
- 12.15 KPMG International Ltd.
- Exhibit 153: KPMG International Ltd. - Overview
- Exhibit 154: KPMG International Ltd. - Business segments
- Exhibit 155: KPMG International Ltd. - Key news
- Exhibit 156: KPMG International Ltd. - Key offerings
- Exhibit 157: KPMG International Ltd. - Segment focus
- 12.16 Microsoft Corp.
- Exhibit 158: Microsoft Corp. - Overview
- Exhibit 159: Microsoft Corp. - Business segments
- Exhibit 160: Microsoft Corp. - Key news
- Exhibit 161: Microsoft Corp. - Key offerings
- Exhibit 162: Microsoft Corp. - Segment focus
- 12.17 SONDA S.A.
- Exhibit 163: SONDA S.A. - Overview
- Exhibit 164: SONDA S.A. - Business segments
- Exhibit 165: SONDA S.A. - Key offerings
- Exhibit 166: SONDA S.A. - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 167: Inclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 168: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 169: Research methodology
- Exhibit 170: Validation techniques employed for market sizing
- Exhibit 171: Information sources
- 13.5 List of abbreviations
- Exhibit 172: List of abbreviations
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