IT Services Market in Latin America 2021-2025

IT Services Market in Latin America 2021-2025

Technavio has been monitoring the IT services market in Latin America and it is poised to grow by $ 33.68 bn during 2021-2025, progressing at a CAGR of 6.61% during the forecast period. Our report on the IT services market in Latin America provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising focus on core competencies and improved efficiency and growing demand for IoT and big data operations. In addition, the rising focus on core competencies and improved efficiency is anticipated to boost the growth of the market as well.

The IT services market in Latin America analysis includes the type and deployment segments.

Technavio's IT services market in Latin America is segmented as below:

By Type

• Project-oriented service
• Enterprise cloud computing service
• IT outsourcing service
• IT support and training service

By Deployment

• Hosted service
• Managed service

This study identifies the increased adoption of mobility solutionsas one of the prime reasons driving the IT services market growth in Latin America during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on IT services market in Latin America covers the following areas:

• IT services market sizing
• IT services market forecast
• IT services market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading IT services market vendors in Latin America that include Accenture Plc, Alphabet Inc., Amazon.com Inc., Atos SE, Capgemini SE, Cisco Systems Inc., Dell Technologies Inc., HCL Technologies Ltd., International Business Machines Corp., and SONDA S.A. Also, the IT services market in Latin America analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

Accenture Plc, Alphabet Inc., Amazon.com Inc., Atos SE, Capgemini SE, Cisco Systems Inc., Dell Technologies Inc., HCL Technologies Ltd., International Business Machines Corp., SONDA S.A.