Latest News- Information Technology (IT) Market in Argentina: Large enterprises is expected to lead the Application segment during 2025-2029

The Information Technology (IT) Market in Argentina is being driven by Increased adoption of cloud-based services

The Information Technology (IT) Market in Argentina is expected to grow at a CAGR of 9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 8483.4 million. In the IT market of Argentina, mobility is revolutionizing government operations by facilitating unified communication and data collection via mobile devices, driven by the expansion of wireless networks. This mobility solution empowers e-government initiatives in Tier II and III cities and rural areas, enabling uninterrupted data sharing and fostering financial inclusion through mobile solutions such as m-commerce, mobile banking, and mobile money. The surge in smartphone adoption has led to a significant increase in mobile application users, necessitating IT services like backend as a service (BaaS) and web-integrated development environments (IDEs) for innovative mobile application development. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Large enterprises
  • SME
• End-user
  • BFSI
  • IT and telecom
  • Government
  • Healthcare
  • Others
• Type
  • Services
  • Software
  • Hardware
• Geography
  • Argentina

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased adoption of cloud-based services
• Surge in IT consolidation and IT modernization
• Growing shift towards remote work in Argentina

However, the market also witnesses some limitations, which are as follows:

• Data privacy and security concerns associated with IT solutions
• Increase in cyberattacks in Argentina
• Shortage of skilled IT professionals

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Market Scope in Information Technology (IT) Market in Argentina Research Report

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Research Analysis Overview

The IT market in Argentina encompasses various sectors including IT services, computer hardware, software products, and telecommunications equipment. Large enterprises and financial services heavily utilize IT industries for systems design, computer networking, and hardware support services. Emerging technologies like information distribution technologies, Internet of Things, Edge computing, software products, and Cloud Services, including Cloud Computing, are also gaining traction. (51 words)

Market Research Overview

The IT market in Argentina encompasses various sectors, including IT services, computer hardware, software products, and cloud services. Within the global IT services market, IT consulting and other services play a significant role. These services cover IT consulting and information management, hardware support, and cloud services. According to Technavio, the global IT consulting and other services market size is determined by the consolidated revenue generated by companies offering all types of IT consulting and information management services. Key growth drivers for this market include increasing government investments in modernizing IT infrastructure and the expanding financial services sector's reliance on advanced IT solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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