Latin America Artificial Intelligence Market Size & Outlook
The artificial intelligence market in Latin America is expected to reach a projected revenue of US$ 154,229.5 million by 2030. A compound annual growth rate of 29.2% is expected of Latin America artificial intelligence market from 2024 to 2030.
Revenue, 2023 (US$M)
$25,611.2
Forecast, 2030 (US$M)
$154,229.5
CAGR, 2024 - 2030
29.2%
Report Coverage
Latin America
Latin America artificial intelligence market, 2017-2030 (US$M)
Related Markets
Latin America artificial intelligence market highlights
- The Latin America artificial intelligence market generated a revenue of USD 25,611.2 million in 2023.
- The market is expected to grow at a CAGR of 29.2% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating solution in 2023.
- Services is the most lucrative solution segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 25,611.2 million |
| Market revenue in 2030 | USD 154,229.5 million |
| Growth rate | 29.2% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Advanced Micro Devices Inc, AiCure, ARM Holdings PLC ADR, Baidu Inc ADR, Alphabet Inc Class A, International Business Machines Corp, Intel Corp, Microsoft Corp, NVIDIA Corp |
Other key industry trends
- In terms of revenue, Latin America region accounted for 13.0% of the global artificial intelligence market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 734,756.7 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Artificial Intelligence Market Scope
Artificial intelligence market segmentation & scope
Others
Artificial Intelligence Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America artificial intelligence market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to artificial intelligence market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 35.88% in 2023. Horizon Databook has segmented the Latin America artificial intelligence market based on hardware, software, services covering the revenue growth of each sub-segment from 2017 to 2030.
- Latin America Artificial Intelligence Solution Outlook (Revenue, USD Million, 2017-2030)
- Hardware
- Accelerators
- Processors
- Memory
- Network
- Software
- Services
- Professional Services
- Managed Services
- Hardware
- Latin America Artificial Intelligence Technology Outlook (Revenue, USD Million, 2017-2030)
- Deep Learning
- Machine Learning
- Natural Language Processing (NLP)
- Machine Vision
- Generative AI
- Latin America Artificial Intelligence End Use Outlook (Revenue, USD Million, 2017-2030)
- Healthcare
- Robot Assisted Surgery
- Virtual Nursing Assistants
- Hospital Workflow Management
- Dosage Error Reduction
- Clinical Trial Participant Identifier
- Preliminary Diagnosis
- Automated Image Diagnosis
- BFSI
- Risk Assessment
- Financial Analysis/Research
- Investment/Portfolio Management
- Others
- Law
- Retail
- Advertising & Media
- Automotive & Transportation
- Agriculture
- Manufacturing
- Others (Oil & Gas, Education, Aerospace & Defense, Cybersecurity )
- Healthcare
- Latin America Artificial Intelligence Function Outlook (Revenue, USD Million, 2017-2030)
- Cybersecurity
- Finance and Accounting
- Human Resource Management
- Legal and Compliance
- Operations
- Sales and Marketing
- Supply Chain Management
Reasons to subscribe to Latin America artificial intelligence market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Latin America artificial intelligence market databook
-
Our clientele includes a mix of artificial intelligence market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America artificial intelligence market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America artificial intelligence market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America artificial intelligence market size, by country, 2017-2030 (US$M)
Latin America Artificial Intelligence Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
