Mexico It Services Market Size & Outlook, 2023-2030
Mexico it services market, 2017-2030 (US$M)
Related Markets
Mexico it services market highlights
- The Mexico it services market generated a revenue of USD 25,372.2 million in 2023 and is expected to reach USD 35,261.1 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.8% from 2024 to 2030.
- In terms of segment, reactive it services was the largest revenue generating approach in 2023.
- Proactive IT Services is the most lucrative approach segment registering the fastest growth during the forecast period.
It services market data book summary
| Market revenue in 2023 | USD 25,372.2 million |
| Market revenue in 2030 | USD 35,261.1 million |
| Growth rate | 4.8% (CAGR from 2023 to 2030) |
| Largest segment | Reactive it services |
| Fastest growing segment | Proactive IT Services |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Reactive IT Services, Proactive IT Services |
| Key market players worldwide | Amazon.com Inc, Avaya, Cisco Systems Inc, DXC Technology Co Registered Shs When Issued, Fortinet Inc, Hewlett Packard Enterprise Co, Huawei Technologies, International Business Machines Corp, Juniper Networks Inc, Microsoft Corp, Broadcom Inc, Oracle Corp |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.9% of the global it services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil it services market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 47,457.6 million by 2030.
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IT Services Market Scope
IT Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico it services 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 it services market will help companies and investors design strategic landscapes.
Reactive it services was the largest segment with a revenue share of 54.15% in 2023. Horizon Databook has segmented the Mexico it services market based on reactive it services, proactive it services covering the revenue growth of each sub-segment from 2017 to 2030.
Mexico is the second-largest market in Latin America after Brazil for IT services. The adoption of digitalization technologies is increasing in Mexico. State governments in the country are only now beginning to use modern technology.
Governments are beginning to employ emerging technologies such as cloud computing, big data, the Internet of Things (IoT), and artificial intelligence. Mexico has attempted to adapt to the rapid changes in its society. The country is attempting to foster an atmosphere conducive to technological innovation. AI has been one of the pillars of modern technology.
Several Mexican companies that manufacture electrical equipment are currently using AI algorithms to create cutting-edge smart devices that are simple to use. Furthermore, software development companies use AI in their computers to help reduce failure rates, accelerate development, and provide precise cost and timeframe projections for software and strategic management.
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Target buyers of Mexico it services market databook
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Our clientele includes a mix of it services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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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 country-level data and insights on the Mexico it services market , including forecasts for subscribers. This country databook contains high-level insights into Mexico it services market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico it services market size, by approach, 2017-2030 (US$M)
Mexico IT Services Market Outlook Share, 2023 & 2030 (US$M)
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