0

IT Services Market in Latin America by Type and Deployment - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR71571
Technavio

The 2022-2026 version of this report is just being published. Buy it now and get up to $1000 worth of free customization!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The IT services market share in Latin America is expected to increase by USD 33.68 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 6.61%.

This IT services market research report of Latin America provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers IT services market segmentation in Latin America 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 report of Latin America also offers information on several market vendors, including 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. among others.

What will the IT Services Market Size in Latin America be During the Forecast Period?

Download the Free Report Sample to Unlock the IT Services Market Size in Latin America for the Forecast Period and Other Important Statistics

 

IT Services Market in Latin America: Key Drivers and Trends

The rising focus on core competencies and improved efficiency is notably driving the IT services market growth in Latin America, although factors such as lack of quality standards in service-level agreements (SLAs) may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the IT services industry in Latin America. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key IT Services Market Driver in Latin America

One of the key factors driving growth in the IT services market in Latin America is the rising focus on core competencies and improved efficiency. Companies outsource IT-related requirements such as application and infrastructure management to IT outsourcing service providers. This is supporting companies to achieve their vision and mission by putting their resources and people skills into their core business. It also helps improve their operational efficiency, as firms do not need to invest in resources or be concerned about managing limited available resources. IT outsourcing service providers have delivery teams and operational structures that allow them to minimize costs. Hence, firms can focus on their competencies and leave the complex IT tasks to outsource service providers. Companies prefer to outsource their IT support services, wherein IT outsourcing service providers are equipped with innovative technology and domain experts.

Key IT Services Market Challenge in Latin America

The lack of quality standards in service-level agreements (SLAs) will be a major challenge for the IT services market in Latin America during the forecast period. An SLA establishes a contract between the service provider (either internal or external) and the end-user. It covers all possible expected levels of services from the service provider. SLAs are output-based and specifically define the benefits and support received by the customer during the agreement. However, SLAs do not cover the services delivered. End-users are also uninformed about full services to be included in SLAs to protect their business. They also lack experience in terms of negotiating SLAs before opting for cloud services, and most of the time, realize it later. Therefore, service providers need to be clear and transparent regarding their SLAs to increase the adoption of IT services. This will help users understand risk factors and plan for the worst scenarios.

This IT services market in Latin America analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major IT Services Market Vendors in Latin America?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 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.

 

This statistical study of the IT services market in Latin America encompasses successful business strategies deployed by the key vendors. The IT services market in Latin America is fragmented and the vendors are deploying growth strategies such as investing in R&D to advance their offerings and increase their consumer base to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The IT services market in Latin America forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

What are the Revenue-generating Type Segments in the IT Services Market in Latin America?

To gain further insights on the market contribution of various segments Request for a FREE sample

The IT services market share growth in Latin America by the project-oriented services segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the IT services market size in Latin America and actionable market insights on post COVID-19 impact on each segment.

 

IT Services Market Scope in Latin America

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.61%

Market growth 2021-2025

$ 33.68 billion

Market structure

Fragmented

YoY growth (%)

4.75

Regional analysis

Latin America

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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.

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, 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.

Request for a FREE sample

What are the Key Data Covered in this IT Services Market Report of Latin America?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive IT services market growth in Latin America during the next five years
  • Precise estimation of the IT services market size in Latin America and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of IT services market vendors in Latin America

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Project-oriented service - Market size and forecast 2020-2025
    • Enterprise cloud computing service - Market size and forecast 2020-2025
    • IT outsourcing service - Market size and forecast 2020-2025
    • IT support and training service - Market size and forecast 2020-2025
    • Market opportunity by Type

    Market Segmentation by Deployment

    • Market segments
    • Comparison by Deployment
    • Hosted service - Market size and forecast 2020-2025
    • Managed service - Market size and forecast 2020-2025
    • Market opportunity by Deployment

    Customer landscape

    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • 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.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The it services market growth will increase by $33.68 billion during 2020-2025.
    The it services market is expected to grow at a CAGR of 6.61% during 2020-2025.
    Technavio has segmented the it services market by type (Project-oriented service, Enterprise cloud computing service, IT outsourcing service, and IT support and training service) ,deployment (Hosted service and Managed service) , and geographic (Chile and Mexico).
    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. are a few of the key vendors in the it services market.
    Chile will register the highest growth rate of 56.56% among the other regions. Therefore, the it services market in Chile is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the it services market growth are:
    • Rising focus on core competencies and improved efficiency
    The it services market vendors should focus on grabbing business opportunities from the project-oriented service segment as it accounted for the largest market share in the base year.
    Safe and Secure SSL Encrypted
    Technavio

    Single User:

    2500 USD

    Technavio Get the report (PDF) sent to your email within minutes.

    Subscribe & Save

    Get lifetime access to our
    Technavio Insights

    Want to customize this report?

    This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

    We offer $1000 worth of FREE customization at the time of purchase
    Technavio
    Enquire Before Buying
    1. Home
    2. Information Technology
    3. Published Report
    17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>