Latin America IT Services Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Latin America IT Services Market is segmented by Type (IT Consulting & Implementation, IT Outsourcing, Business Process Outsourcing), End-user (Manufacturing, Government, BFSI, Healthcare, Retail & Consumer Goods, Logistics), and by Country. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Latin America IT Services Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Latin America IT Services Market Size

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Latin America IT Services Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 7.00 %
Market Concentration Medium

Major Players

Latin America IT Services Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Latin America IT Services Market with other markets in Technology, Media and Telecom Industry

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Latin America IT Services Market Analysis

The Latin America IT Services Market is expected to register a CAGR of 7% during the forecast period.

  • Key players in the IT services market are focusing on expanding their businesses and strengthening their market positions through collaborations and partnerships. For instance, Check Point Software Technologies Ltd acquired Avanan technology. Check Point Infinity's consolidated architecture is to deliver the world's most secure email security offering through this acquisition.
  • The demand for network services and data center construction will grow over the next five years. For Instance, Equinix plans to construct a new data center in Bogota, Colombia. The new construction worth USD 45 million dollars, known as BG2, is scheduled to open during the first half of the current year.
  • The extensive use of digital payments and the introduction of advanced technologies such as AI, Cloud computing, and blockchain technology used at the end-user industries are likely to drive the growth of the IT services market over the next five years. For Instance, HCL Technologies (HCL) signed a collaboration agreement with NEORIS. The aim of this collaboration will bring unique capabilities to clients in global markets, including the ability to increase application usage time, business management operations, and integrated IT services.
  • In the post-COVID-19 situation, hybrid cloud-based services are increasingly adopted in Latin America. For Instance, IBM announced the beginning of the operations of its first IBM Cloud Multizone Region (MZR) in Latin America. It is a major expansion of IBM's global presence in cloud computing. Building on its existing data center footprint in Brazil, MZR is the company's continued investment in building on its existing data centers in the region. It is to accelerate hybrid cloud adoption and businesses to grow in cloud computing in Latin America.

Latin America IT Services Industry Overview

The Latin America IT services market is moderately competitive. Key players in the IT services market dominate the market in terms of market share. However, with the advancement in IT consultancy services, new players are increasing their market presence, thereby expanding their business footprint across emerging economies.

In February 2022, Cisco and Rakuten signed a strategic agreement to accelerate the open RAN and telco cloud market. The deal will offer solutions allowing mobile operators to compete more effectively in the cloud era.

In March 2022, Scala Data Centers announced that Dell Technologies, one of the largest IT infrastructure companies in the world, chose Scala to host its colocation environment in data centers (DCs) SP1 and SP2, located in São Paulo, Brazil.

Latin America IT Services Market Leaders

  1. Cisco

  2. IBM

  3. Microsoft

  4. Google

  5. Amazon

  6. *Disclaimer: Major Players sorted in no particular order
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Latin America IT Services Market News

  • June 2022: Telefonica Tech has signed an agreement with IBM/Red Hat to integrate Red Hat's OpenShift platform into a new cloud service marketed at enterprises across Telefonica's footprint in Europe and Latin America.
  • August 2022: Accenture has acquired Tenbu for intelligent decision-making and planning. The acquisition will expand Accenture's first cloud capabilities through Latin America and globally.

Latin America IT Services Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Consumers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Threat of Substitute Products
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Industry Value Chain Analysis
  • 4.4 Assessment of the Impact of COVID-19 on the market
  • 4.5 Regulatory Landscape

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Acceleration of Digital Transformation Across Industries and Adoption of New Technologies
    • 5.1.2 Growing Emphasis on Leveraging the Core Competencies by Outsourcing Non-core Operations
  • 5.2 Market Restraints
    • 5.2.1 Data Security, Customization, and Data Migration

6. MARKET SEGMENTATION

  • 6.1 By Type
    • 6.1.1 IT Consulting and Implementation
    • 6.1.2 IT Outsourcing
    • 6.1.3 Business Process Outsourcing
    • 6.1.4 Other Types
  • 6.2 By End-user
    • 6.2.1 Manufacturing
    • 6.2.2 Government
    • 6.2.3 BFSI
    • 6.2.4 Healthcare
    • 6.2.5 Retail and Consumer Goods
    • 6.2.6 Logistics
    • 6.2.7 Other End-users
  • 6.3 By Country
    • 6.3.1 United States
    • 6.3.2 Canada

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Cisco
    • 7.1.2 IBM
    • 7.1.3 Microsoft
    • 7.1.4 Google
    • 7.1.5 Amazon
    • 7.1.6 Atos SE
    • 7.1.7 Capgemini SE
    • 7.1.8 Dell Technologies Inc.
    • 7.1.9 HCL Technologies Ltd.
    • 7.1.10 Wipro Limited
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. FUTURE OUTLOOK OF THE MARKET

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Latin America IT Services Industry Segmentation

Latin America IT services leverage technology and business expertise to help organizations create, manage, and optimize information and business processes.

The Latin America IT Services Market is segmented by Type (IT Consulting & Implementation, IT Outsourcing, Business Process Outsourcing), End-user (Manufacturing, Government, BFSI, Healthcare, Retail & Consumer Goods, Logistics), and Country.

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

By Type IT Consulting and Implementation
IT Outsourcing
Business Process Outsourcing
Other Types
By End-user Manufacturing
Government
BFSI
Healthcare
Retail and Consumer Goods
Logistics
Other End-users
By Country United States
Canada
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Latin America IT Services Market Research FAQs

What is the current Latin America IT Services Market size?

The Latin America IT Services Market is projected to register a CAGR of 7% during the forecast period (2025-2030)

Who are the key players in Latin America IT Services Market?

Cisco, IBM, Microsoft, Google and Amazon are the major companies operating in the Latin America IT Services Market.

What years does this Latin America IT Services Market cover?

The report covers the Latin America IT Services Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Latin America IT Services Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Latin America IT Services Industry Report

Statistics for the 2025 Latin America IT Services market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Latin America IT Services analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.