Latin America Digital Transformation Market Size & Outlook
Latin America digital transformation market, 2018-2030 (US$M)
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Latin America digital transformation market highlights
- The Latin America digital transformation market generated a revenue of USD 57,695.3 million in 2023.
- The market is expected to grow at a CAGR of 27.1% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating type in 2023.
- Services is the most lucrative type 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 57,695.3 million |
| Market revenue in 2030 | USD 309,391.3 million |
| Growth rate | 27.1% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | Accenture PLC Class A, Adobe Inc, Broadcom Inc, Cisco Systems Inc, Dell Technologies Inc Ordinary Shares - Class C, Alphabet Inc Class A, Hewlett Packard Enterprise Co, International Business Machines Corp, Microsoft Corp, Salesforce Inc, SAP SE, Happiest Minds Technologies, Dempton Consulting Group, Kellton, TIBCO |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.6% of the global digital transformation market in 2023.
- Globally, North America 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 1,242,183.0 million by 2030.
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Digital Transformation Market Scope
Digital Transformation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America digital transformation 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 digital transformation market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 69.76% in 2023. Horizon Databook has segmented the Latin America digital transformation market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Latin America digital transformation market databook
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Our clientele includes a mix of digital transformation market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America digital transformation market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America digital transformation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America digital transformation market size, by country, 2018-2030 (US$M)
Latin America Digital Transformation Market Outlook Share, 2023 & 2030 (US$M)
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