Argentina Ict Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 – 2028)
The Argentina ICT Market is expected to grow at a CAGR of 8.3% for the forecast period. Further, to increase their overall efficiency, Argentinian businesses are planning to devote the highest percentage of their ICT budgets to the business functions of manufacturing, procurement, and operations. Both private and public consumption would also support investment in technology in Argentina.
Key HighlightsThe Argentina ICT market is at a fragmented stage as the market currently consists of many players. Several key players in the ICT market are in constant efforts to bring advancements. A few prominent companies are entering into collaborations and expanding their footprint in developing regions to consolidate their positions in the market. The major players are IBM Corporation, America Movil (Claro), Telecom Argentina S.A., Google LLC, Microsoft, and many others.
In November 2022, Claro Argentina disclosed its strategic plan to cover 10-12 million homes across the country with fiber optics. The company already possesses a network that spans over 12 million Argentines, surpasses 3.19 million households, and serves 1 million fiber optic users. The firm also confirmed that it expanded a huge network across the country in 2022 and is expected to repeat the same in the coming years.
In February 2022, Telefonica Movistar, in collaboration with Red Hat Consulting, launched managed cloud. This would address the demand of the corporate customers of Telefonica Movistar Argentina, which needs greater adaptability, cost-efficiency, and control. In addition to providing direct access to Red Hat Support and knowledge, Red Hat Consulting also contributed to other departments, products, and technologies.
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