Latin America Outlook of the Information Technology Services Market, 2018

Adoption of New Technologies to Drive Innovation in Companies
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Published: 27 Apr 2018

The Latin American Information Technology (IT) industry is growing rapidly. Companies of different sizes and across a variety of verticals are increasingly understanding the benefits of IT and increasing their technology budgets to support business operations. Technologies are being leveraged to support companies' digital transformation processes. Big Data and Analytics (BDA) emerged as a technology that is being discussed inside and outside IT departments. Companies across several industry verticals have realized that they need to harness the power of data coming from a variety of sources to survive. Public cloud has revolutionized the medium, as companies invest in technology; the focus of investments is no longer on technology spending as on how the digital transformation accelerators can be used in business. Technologies with BDA are beginning to have an expressive demand, because they provide a solid base of data that guides the transformation. Line of Business (LOB) areas have strategic decision-making power and a budget for investments in business solutions. In this research, Frost & Sullivan examines the Latin American IT market under the following categories: IT Outsourcing (ITO) • Application Management • Infrastructure Management • Desktop Support • Consulting Services • Application Development and Integration • Deployment Services Public Cloud • Infrastructure as a Service (IaaS) • Platform as a Service (PaaS) • Software as a Service (SaaS) Data Center Services (DCS) • Dedicated Hosting • Disaster Recovery • Storage • Colocation Big Data and Analytics (BDA) • BDA Core Products and Services • Business Process and Strategic Analytics • Customer Experience, Marketing, and Sales Analytics • Mobile, Retail, and Location Analytics • Social and Site Analytics Managed Security Services (MSS) • Security Asset Management and Monitoring • Threat Intelligence, Research, Detection, and Remediation • Risk and Compliance Management • Advanced and Emerging Managed Security Services The first 5 markets mentioned have a regional coverage comprising estimations for the combination of at least 6 major economies in the region—Argentina, Brazil, Chile, Colombia, Mexico, and Peru. The study period is from 2017 to 2018, with the base year as 2017. The study examines the market size and growth forecasts, as well as the market development stages. The research also provides insights with regard to growth opportunities and emerging trends that will affect market participants during the forecast period.

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