Latin America’s IT services market to grow $ 33.68 billion | Increased Focus on Basic Skills and Improved Efficiency Will Drive Growth | Technavio | national news



NEW YORK, December 13, 2021 / PRNewswire / – The growing IT services market Latin America should be motivated by factors such as the increasing emphasis on basic skills and improving efficiency. Businesses outsource IT-related tasks such as application and infrastructure management to IT outsourcing service providers. This helps improve their operational efficiency, as companies do not have to invest in resources. IT outsourcing service providers have delivery teams and operational structures that enable them to reduce costs. This allows companies to focus on their skills and outsource complex IT tasks to outsourced service providers. Companies prefer to outsource their IT support services. IT outsourcing service providers are equipped with innovative technologies and employ subject matter experts.

For more valuable insight into the drivers impacting the growth of the IT services market in Latin America, See our free sample report

The IT services market in Latin America should grow by $ 33.68 billion from 2020 to 2025, according to Technavio. Market growth momentum will accelerate at a CAGR of 6.61%. The year-over-year growth rate of the market in 2021 is 4.75%.

Read the 120-page report with TOC on “IT services market in Latin America Analysis report 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), and segment forecasts, 2021-2025 “.

The market will be strained by factors such as the lack of quality standards in service level agreements (SLAs). An SLA establishes a contract between the service provider (internal or external) and the end user. It covers all possible expected service levels from the service provider. SLAs are outcome-based and specifically define the benefits and support received by the customer during the agreement. However, SLAs do not include the services provided. End users are also not made aware of the comprehensive services to include in SLAs to protect their businesses. They lack experience in negotiating SLAs before opting for cloud services. Therefore, service providers need to be transparent about their SLAs to increase adoption of IT services. This will help users understand risk factors and plan for worst-case scenarios.

Leading IT service companies in Latin America:

  • Accenture Plc
  • Alphabet Inc.
  • Inc.
  • Atos SE
  • Capgemini SE
  • Cisco Systems Inc.
  • Dell Technologies Inc.
  • HCL Technologies Ltd.
  • International Business Machines Corp.

For additional information regarding vendors operating in the IT services market in Latin America, See our free sample report

Latin America IT Services Market Type Outlook (Revenue, USD Billion, 2020-2025)

  • Project oriented service – size and forecast 2020-2025
  • Enterprise Cloud Computing Service – Size and Forecast 2020-2025
  • IT Outsourcing Service – Size and Forecast 2020-2025
  • IT Support and Training Service – Size and Forecast 2020-2025

Latin America IT Services Market Deployment Outlook (Revenue, USD Billion, 2020-2025)

  • Hosted Service – Size and Forecast 2020-2025
  • Managed service – size and forecast 2020-2025

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Scope of the IT services market in Latin America

Cover of the report


Page number


Year of reference


Forecast period


Growth dynamics and CAGR

Accelerate to a CAGR of 6.61%

Market growth 2021-2025

$ 33.68 billion

Market structure


Annual growth (%)


Regional analysis

Latin America

Competitive landscape

Leading companies, Competitive strategies, Scope of consumer engagement

Key companies profiled

Accenture Plc, Alphabet Inc., 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 Drivers and Obstacles, Analysis of Fast and Slow Growing Segments, Analysis of COVID-19 Impact and Recovery, and Future Consumer Dynamics, Analysis of Market Status for the forecast period


If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Technavio

Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialist analysts, Technavio’s report library includes over 17,000 and more reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.


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