Latin America Multimodal Ai Market Size & Outlook

The multimodal ai market in Latin America is expected to reach a projected revenue of US$ 259.3 million by 2030. A compound annual growth rate of 37.5% is expected of Latin America multimodal ai market from 2025 to 2030.
Revenue, 2024 (US$M)
$40.3
Forecast, 2030 (US$M)
$259.3
CAGR, 2025 - 2030
37.5%
Report Coverage
Latin America

Latin America multimodal ai market highlights

  • The Latin America multimodal ai market generated a revenue of USD 40.3 million in 2024.
  • The market is expected to grow at a CAGR of 37.5% from 2025 to 2030.
  • In terms of segment, software was the largest revenue generating component in 2024.
  • Service is the most lucrative component segment registering the fastest growth during the forecast period.
  • Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.


Latin America data book summary

Market revenue in 2024USD 40.3 million
Market revenue in 2030USD 259.3 million
Growth rate37.5% (CAGR from 2025 to 2030)
Largest segmentSoftware
Fastest growing segmentService
Historical data covered2018 - 2023
Base year for estimation2024
Forecast period covered2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSoftware, Service


Other key industry trends

  • In terms of revenue, Latin America region accounted for 2.3% of the global multimodal ai market in 2024.
  • 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 2,923.7 million by 2030.

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Multimodal AI Market Companies

Name Profile # Employees HQ Website

Latin America multimodal ai 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 multimodal ai market will help companies and investors design strategic landscapes.


Software was the largest segment with a revenue share of 85.11% in 2024. Horizon Databook has segmented the Latin America multimodal ai market based on software, service covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Latin America multimodal ai market databook

  • Our clientele includes a mix of multimodal ai 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.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America multimodal ai market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America multimodal ai market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America multimodal ai market size, by country, 2018-2030 (US$M)

Latin America Multimodal AI Market Outlook Share, 2024 & 2030 (US$M)

Latin America multimodal ai market size, by country, 2018-2030 (US$M)

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