IT Services Market Size in Latin America to Increase by USD 33.68 billion by 2025| Evolving Opportunities with Accenture Plc & Amazon.com Inc| Technavio

Market Dynamics

  • Drivers: The key factors driving growth in the IT services market in Latin America are 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.
  • Challenges: 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.
  • To know more about the drivers & challenges – Download a sample now!

Competitive Analysis

The competitive scenario provided in the IT Services Market In Latin America report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don’t wait, Make a strategic approach & boost your business goals with our IT Services Market In Latin America Forecast Report – Buy Now!

Segmentation Analysis

  • By Type, the market is classified into project-oriented service, enterprise cloud computing service, IT outsourcing service, and IT support and training service
  • By Deployment the market is classified as hosted service and managed service.

Revenue Generating Segment

  • The IT services market share growth in Latin America by the project-oriented services segment will be significant for revenue generation.
  • To know about the contribution of each segment – Download a sample now!

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IT Services Market In Latin America Scope

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

USD 33.68 billion

Market structure

Fragmented

YoY growth (%)

4.75

Performing market contribution

Latin America at 100%

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

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 SA

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for 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.

Table of Content:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Size

  • 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.
  • SE
  • Capgemini SE
  • Cisco Systems Inc.
  • Dell Technologies Inc.
  • HCL Technologies Ltd.
  • International Business Machines Corp.
  • SONDA SA

Appendix

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

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify existing opportunities in and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: [email protected]
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