Latin America IT Market Share

Market Share of Latin America IT Industry

The Latin American IT market is highly competitive and consists of a few major players. Some of the players 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.

• September 2021 - Accenture announced its intention to purchase Experity, a significant cloud-based customer experience and commerce solution provider in Brazil. Expertly assists businesses in increasing efficiencies and agility in commerce, marketing, content, and data through pioneering cloud-based solutions.
• March 2021 - IBM announced the launch of its first IBM Cloud Multizone Region (MZR) in Latin America, signaling a significant expansion of the company's cloud footprint in key countries worldwide. The MZR, which expands on the company's existing data center footprint in Brazil, is the result of the company's ongoing investment in cloud infrastructure to promote hybrid cloud adoption and support corporate growth in Latin America.
• January 2021 - American Tower agreed to buy 31,000 communications sites in Argentina, Brazil, Chile, Germany, Peru, and Spain from Telefónica's infrastructure company, Telxius, for USD 9.4 billion.

Latin America IT Market Leaders

1. International Business Machines (IBM) Corporation

2. SAP

3. Oracle Corporation.

4. Microsoft Corporation

5. Odoo

*Disclaimer: Major Players sorted in no particular order