NEW YORK, Jan. 7, 2024 /PRNewswire/ — The IT Market in Argentina size is expected to grow by USD 6.68 billion from 2022 to 2027, accelerating at a CAGR of 8.3% during the forecast period, according to Technavio. Increased adoption of cloud-based services is notably driving the IT Market in Argentina. However, factors such as the shortage of skilled IT professionals may impede market growth. We provide a detailed analysis of 20 companies operating in the IT Market in Argentina including Accenture Plc, Amadeus IT Group SA, Apple Inc., AVEVA Group Plc, Capgemini Service SAS, Cisco Systems Inc., Dassault Systemes SE, Dell Technologies Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Hexagon AB, Infosys Ltd., International Business Machines Corp., Lenovo Group Ltd., Microsoft Corp., Oracle Corp., SAP SE, Siemens AG, Telefonaktiebolaget LM Ericsson, and TOSHIBA CORP. The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request a Sample Report
Technavio has announced its latest market research report titled Argentina IT Market 2023-2027
IT Market in Argentina 2023-2027: Company Analysis
Accenture – The company offers IT solutions such as data and analytics, finance, and the metaverse.
This report provides a full list of key companies, their strategies, and the latest developments. Buy The Report Now for detailed company information
IT Market in Argentina 2023-2027: Segmentation
End-user
BFSI
IT and telecom
Government
Healthcare
Others
Type
Services
Software
Hardware
The BFSI segment is expected to contribute a substantial market share during the forecast period. The accelerated evolution of the BFSI segment, characterized by the modernization of legacy IT infrastructure and systems to integrate innovative technologies meeting consumer demands, stands as a significant driver boosting the growth of Argentina’s IT market within the BFSI segment between 2022 to 2027.
IT Market in Argentina 2023-2027: Market Dynamics
Key Driver – The Argentina IT Market experiences growth attributed to the rising adoption of cloud-based services. Cloud Computing integration drives advancements in Big Data Solutions, Software as a Service (SaaS) IT Infrastructure, and IT Consulting, boosting IT Outsourcing and IT Support Services. The demand extends to embracing the Internet of Things (IoT), necessitating IT Training, IT Risk Management, and Education initiatives. Additionally, it impacts the landscape for Tech Startups, emphasizing the critical role of IT Governance and Risk Management in navigating this evolving technological terrain.
Leading Trend – The IT Market in Argentina experiences a prominent trend with the rising integration of mobility solutions alongside key elements like Cloud Computing. This trend boosts advancements in Mobile App Development, Software Development, and Digital Transformation. It influences Telecommunications and boosts Virtualization Solutions, driving the adoption of Enterprise Resource Planning (ERP) and Project Management Software. Moreover, it aligns with the integration of Artificial Intelligence (AI) and supports the rise in E-commerce Solutions, culminating in the growing demand for Software Localization Services within this dynamic technological landscape.
Challenge – The IT Market in Argentina faces a significant challenge due to the scarcity of skilled IT professionals, impacting sectors like Software Engineering, Network Security, and Technology Services. This shortage affects the implementation of robust Cybersecurity Solutions, Data Analytics, and Blockchain Technology. It also strains areas such as Web Development, User Experience (UX) Design, and the provision of Digital Marketing Solutions, hindering the industry’s growth by limiting the availability of expertise crucial for technological advancements.
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View PDF Sample Report
IT Market in Argentina 2023-2027: Key Highlights
Historic Market Size 2017-2021
CAGR of the market during 2023-2027
Detailed information on factors that will assist IT Market in Argentina growth during the next five years
Estimation of the IT Market in Argentina size and its contribution to the parent market
Forecasts on upcoming trends and changes in consumer behavior
The growth of the IT Market in Argentina
Analysis of the competitive landscape and detailed information on companies
Comprehensive details of factors that will impede the growth of IT Market in Argentina companies
Related Reports:
Qatar-IT Market: The Qatar IT market is estimated to grow at a CAGR of 7.71% between 2022 and 2027. The market size is forecast to increase by USD 1,780.93 million.
Germany-IT Market: The Germany IT market size was valued at USD 130.97 billion in 2027 with a CAGR of 4.12% from 2023 to 2027.
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IT Market in Argentina Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.3% |
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Market growth 2023-2027 |
USD 6.68 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
7.4 |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Accenture Plc, Amadeus IT Group SA, Apple Inc., AVEVA Group Plc, Capgemini Service SAS, Cisco Systems Inc., Dassault Systemes SE, Dell Technologies Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Hexagon AB, Infosys Ltd., International Business Machines Corp., Lenovo Group Ltd., Microsoft Corp., Oracle Corp., SAP SE, Siemens AG, Telefonaktiebolaget LM Ericsson, and TOSHIBA CORP |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
TOC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-User
Market Segmentation by Type
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio