Authored By: Sarah
26 Sep 2023

Latin America IT Services Market 2021-2025: Rising Focus on Core Competencies and Improved Efficiency to Drive Growth

The IT services market share in Latin America is set to grow by USD 33.68 billion, progressing at a CAGR of 6.61% during the forecast period. Technavio's research report identifies and analyses the growth drivers that will boost the market growth. It also provides a thorough understanding of all the segments, trends, and challenges that are likely to have an impact on the future prospects of the market in focus.


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Latin America IT Services Market 2021-2025: Rising Focus on Core Competencies and Improved Efficiency to Drive Growth

IT Services Market In Latin America: Key Market Drivers

One of the key drivers that will boost this market is the rising focus on core competencies and improved efficiency. However, the lack of quality standards in service-level agreements (SLAs) is the major hindrance for market participants.

Technavio’s research reports provide a comprehensive analysis of all the other factors that will drive market growth during the forecast period. In addition to market drivers, the research report also studies the latest trends and challenges that are likely to influence growth in the current market scenario. 

IT Services Market In Latin America: Growth Segments

The IT services market in Latin America is 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 IT services market growth in Latin America by the project-oriented services segment will be significant during the forecast period.

The research report will provide insights into the current market share of each segment along with growth projections for the next five years. 

IT Services Market In Latin America: Vendor Analysis

The IT Services Market In Latin America is fragmented and the growth of the market depends on market conditions, government support, and industry development. 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. are some of the major market participants. The report also provides insights into the growth prospects of each of these leading players along with their product pipelines.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. The customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. Download the Free PDF Sample Report

Also, know more about the exclusive IT Services Market in Nordic Countries and get more insights into exact growth variance and the Y-O-Y growth rate

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerating at a CAGR of 6.61%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by USD 33.68 billion.

     
  3. What is a key factor driving this market?
    The rising focus on core competencies and improved efficiency will drive market growth over the forecast period.

     
  4. Who are the leading market vendors?
    The leading vendors in this market are 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.

     
  5. What are the market segments covered in this report?
    The market is 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).
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