Latin America IT Services Market 2023-2027

IT Services Market in Latin America 2023-2027

Technavio has been monitoring the IT services market in Latin America and is forecast to grow by $49380.19 mn during 2022-2027, accelerating at a CAGR of 8.7% 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, the latest trends and drivers, and the overall market environment. The market is driven by the rising focus on core competencies and improving efficiency, growing demand for IoT and big data operations, and increased adoption of mobility solutions.

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 emergence of ai in information management as one of the prime reasons driving the IT services market growth during the next few years. Also, the integration of big data in IT service provider offerings and increased adoption of BYOD will lead to sizable demand in the market.

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 the 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 that include Alphabet Inc., Accenture Plc, Amazon.com Inc., Atos SE, Capgemini Service SAS, Cisco Systems Inc., Dell Technologies Inc., Deloitte Touche Tohmatsu Ltd., Ernst and Young Global Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., KPMG International Ltd., Microsoft Corp., Oracle Corp., PricewaterhouseCoopers LLP, Salesforce.com Inc., SAP SE, SONDA S.A., and Tata Consultancy Services Ltd. 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 accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Country Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by Type
      • Table Executive Summary – Chart on Market Segmentation by Deployment
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2022
    • Market outlook: Forecast for 2022-2027
      • Table Chart on Latin America - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Regional - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Latin America: Year-over-year growth 2022-2027 (%)
      • Table Data Table on Regional - Market size and forecast 2022-2027 ($ million)
  • Historic Market Size
    • IT services market in Latin America 2017 - 2021
      • Table Historic Market Size – Data Table on IT services market in Latin America 2017 - 2021 ($ million)
    • By type Segment Analysis 2017 - 2021
      • Table Historic Market Size – By type Segment 2017 - 2021 ($ million)
    • By deployment Segment Analysis 2017 - 2021
      • Table Historic Market Size – By deployment Segment 2017 - 2021 ($ million)
    • Geography Segment Analysis 2017 - 2021
      • Table Historic Market Size – Geography Segment 2017 - 2021 ($ million)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2022 and 2027
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2022 and 2027
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2022 and 2027
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2022 and 2027
    • Market condition
      • Table Chart on Market condition - Five forces 2022 and 2027
  • Market Segmentation by Type
    • Market segments
      • Table Chart on Type - Market share 2022-2027 (%)
      • Table Data Table on Type - Market share 2022-2027 (%)
    • Comparison by Type
      • Table Chart on Comparison by Type
      • Table Data Table on Comparison by Type
    • Project oriented service - Market size and forecast 2022- 2027
      • Table Chart on Project oriented service - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Project oriented service - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Project oriented service - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Project oriented service - Year-over-year growth 2022-2027 (%)
    • Enterprise cloud computing service - Market size and forecast 2022-2027
      • Table Chart on Enterprise cloud computing service - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Enterprise cloud computing service - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Enterprise cloud computing service - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Enterprise cloud computing service - Year-over-year growth 2022-2027 (%)
    • IT outsourcing service - Market size and forecast 2022- 2027
      • Table Chart on IT outsourcing service - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on IT outsourcing service - Market size and forecast 2022-2027 ($ million)
      • Table Chart on IT outsourcing service - Year-over-year growth 2022-2027 (%)
      • Table Data Table on IT outsourcing service - Year-over-year growth 2022-2027 (%)
    • IT support and training service - Market size and forecast 2022-2027
      • Table Chart on IT support and training service - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on IT support and training service - Market size and forecast 2022-2027 ($ million)
      • Table Chart on IT support and training service - Year-over-year growth 2022-2027 (%)
      • Table Data Table on IT support and training service - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type ($ million)
      • Table Data Table on Market opportunity by Type ($ million)
  • Market Segmentation by Deployment
    • Market segments
      • Table Chart on Deployment - Market share 2022-2027 (%)
      • Table Data Table on Deployment - Market share 2022-2027 (%)
    • Comparison by Deployment
      • Table Chart on Comparison by Deployment
      • Table Data Table on Comparison by Deployment
    • Hosted service - Market size and forecast 2022-2027
      • Table Chart on Hosted service - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Hosted service - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Hosted service - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Hosted service - Year-over-year growth 2022-2027 (%)
    • Managed service - Market size and forecast 2022-2027
      • Table Chart on Managed service - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Managed service - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Managed service - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Managed service - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Deployment
      • Table Market opportunity by Deployment ($ million)
      • Table Data Table on Market opportunity by Deployment ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography - 2022-2027 (%)
      • Table Data Table on Market share by geography - 2022-2027 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • Brazil - Market size and forecast 2022-2027
      • Table Chart on Brazil - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Brazil - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Brazil - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Brazil - Year-over-year growth 2022-2027 (%)
    • Mexico - Market size and forecast 2022-2027
      • Table Chart on Mexico - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Mexico - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Mexico - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Mexico - Year-over-year growth 2022-2027 (%)
    • Argentina - Market size and forecast 2022-2027
      • Table Chart on Argentina - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Argentina - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Argentina - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Argentina - Year-over-year growth 2022-2027 (%)
    • Colombia - Market size and forecast 2022-2027
      • Table Chart on Colombia - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Colombia - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Colombia - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Colombia - Year-over-year growth 2022-2027 (%)
    • Rest of Latin America - Market size and forecast 2022-
      • Table Chart on Rest of Latin America - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Rest of Latin America - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Rest of Latin America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Rest of Latin America - Year-over-year growth 2022-2027 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
      • Table Data Table on Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Rising focus on core competencies and improving efficiency
      • Growing demand for IoT and big data operations
      • Increased adoption of mobility solutions
    • Market challenges
      • Lack of quality standards in SLAs
      • Data privacy and security risk in cloud-based services
      • System integration and interoperability issues
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2022 and 2027
    • Market trends
      • Emergence of AI in information management
      • Integration of big data in IT service provider offerings
      • Increased adoption of BYOD
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Alphabet Inc.
      • Table Alphabet Inc. - Overview
      • Table Alphabet Inc. - Business segments
      • Table Alphabet Inc. - Key news
      • Table Alphabet Inc. - Key offerings
      • Table Alphabet Inc. - Segment focus
    • Accenture Plc
      • Table Accenture Plc - Overview
      • Table Accenture Plc - Business segments
      • Table Accenture Plc - Key offerings
      • Table Accenture Plc - Segment focus
    • Amazon.com Inc.
      • Table Amazon.com Inc. - Overview
      • Table Amazon.com Inc. - Business segments
      • Table Amazon.com Inc. - Key news
      • Table Amazon.com Inc. - Key offerings
      • Table Amazon.com Inc. - Segment focus
    • Atos SE
      • Table Atos SE - Overview
      • Table Atos SE - Business segments
      • Table Atos SE - Key news
      • Table Atos SE - Key offerings
      • Table Atos SE - Segment focus
    • Capgemini Service SAS
      • Table Capgemini Service SAS - Overview
      • Table Capgemini Service SAS - Business segments
      • Table Capgemini Service SAS - Key news
      • Table Capgemini Service SAS - Key offerings
      • Table Capgemini Service SAS - Segment focus
    • Cisco Systems Inc.
      • Table Cisco Systems Inc. - Overview
      • Table Cisco Systems Inc. - Business segments
      • Table Cisco Systems Inc. - Key news
      • Table Cisco Systems Inc. - Key offerings
      • Table Cisco Systems Inc. - Segment focus
    • Dell Technologies Inc.
      • Table Dell Technologies Inc. - Overview
      • Table Dell Technologies Inc. - Business segments
      • Table Dell Technologies Inc. - Key news
      • Table Dell Technologies Inc. - Key offerings
      • Table Dell Technologies Inc. - Segment focus
    • Deloitte Touche Tohmatsu Ltd.
      • Table Deloitte Touche Tohmatsu Ltd. - Overview
      • Table Deloitte Touche Tohmatsu Ltd. - Business segments
      • Table Deloitte Touche Tohmatsu Ltd. - Key offerings
      • Table Deloitte Touche Tohmatsu Ltd. - Segment focus
    • Ernst and Young Global Ltd.
      • Table Ernst and Young Global Ltd. - Overview
      • Table Ernst and Young Global Ltd. - Product / Service
      • Table Ernst and Young Global Ltd. - Key offerings
    • HCL Technologies Ltd.
      • Table HCL Technologies Ltd. - Overview
      • Table HCL Technologies Ltd. - Business segments
      • Table HCL Technologies Ltd. - Key news
      • Table HCL Technologies Ltd. - Key offerings
      • Table HCL Technologies Ltd. - Segment focus
    • Hewlett Packard Enterprise Co.
      • Table Hewlett Packard Enterprise Co. - Overview
      • Table Hewlett Packard Enterprise Co. - Business segments
      • Table Hewlett Packard Enterprise Co. - Key news
      • Table Hewlett Packard Enterprise Co. - Key offerings
      • Table Hewlett Packard Enterprise Co. - Segment focus
    • International Business Machines Corp.
      • Table International Business Machines Corp. - Overview
      • Table International Business Machines Corp. - Business segments
      • Table International Business Machines Corp. - Key offerings
      • Table International Business Machines Corp. - Segment focus
    • KPMG International Ltd.
      • Table KPMG International Ltd. - Overview
      • Table KPMG International Ltd. - Business segments
      • Table KPMG International Ltd. - Key news
      • Table KPMG International Ltd. - Key offerings
      • Table KPMG International Ltd. - Segment focus
    • Microsoft Corp.
      • Table Microsoft Corp. - Overview
      • Table Microsoft Corp. - Business segments
      • Table Microsoft Corp. - Key news
      • Table Microsoft Corp. - Key offerings
      • Table Microsoft Corp. - Segment focus
    • SONDA S.A.
      • Table SONDA S.A. - Overview
      • Table SONDA S.A. - Business segments
      • Table SONDA S.A. - Key offerings
      • Table SONDA S.A. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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