Latin American ICT Growth Opportunities, Forecast to 2024
The primary objective of this experiential study is to identify growth opportunities for your company using new technologies such as Artificial Intelligence (AI), Blockchain, and Robotic Process Automation (RPA).
A Blockchain is a new data structure that creates trusted, distributed digital ledgers for assets and other data. It is an immutable record of digital events shared peer-to-peer between different parties. The rise of Blockchain opportunities has been enabled by breakthroughs in cryptography and computing, the tipping point of which was the 2008 paper introducing Bitcoin.
AI is a general class of technologies that seek to emulate human cognitive capabilities. Included are areas such as Machine Learning (ML), intelligent agents (IAs), deep learning, and natural language processing (NLP).
RPA is the use of software that incorporates technologies such as AI and ML to automate routine, high-volume tasks that are sensitive to human error.
AI, Blockchain, and RPA solutions drive many of the current technologies and services in the market. The revenues generated by these solutions are distributed in different services lines, as detailed below:
Consulting and Application Development - Information Technology Consulting, Business Consulting, and Application Development solutions focusing on implementations
Middleware – Entry-point APIs for developers that want to build applications
Infrastructure/Cloud – Cloud platforms to support the new environments
Professional Services - Resources to implement and support the new environments
Frost & Sullivan conducted detailed primary interviews with leading service providers, analyzed their quarterly and annual reports, and utilized internal databases to perform a detailed revenue analysis of the market. The resulting revenue market size reflects a sum total of our estimates for individual companies.
In this research, Frost & Sullivan examines the Market in six Latin American countries—Argentina, Brazil, Chile, Colombia, Mexico, and Peru. The study provides a market analysis, including market size, segmentation, forecasts, and vendor landscape.
The study period is from 2018 to 2024 with a base year of 2018. The study examines the current competitive landscape, market drivers and restraints, and the stage of market development. This research also provides insights regarding growth opportunities and trends that will affect market participants over the forecast period.
Key Issues Addressed
What is the addressable market opportunity for the Blockchain and Artificial Intelligence markets ?
What is the expected growth rate and what are the key drivers of growth for specific Blockchain and Artificial Intelligence offerings?
What are the driving and restraining factors that will shape the future of this market?
Who are the main providers in the Artificial Intelligence market in Latin America?
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