Latin America Proactive Services Market Size & Outlook
Latin America proactive services market, 2018-2030 (US$M)
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Latin America proactive services market highlights
- The Latin America proactive services market generated a revenue of USD 495.1 million in 2023.
- The market is expected to grow at a CAGR of 22.2% from 2024 to 2030.
- In terms of segment, managed services was the largest revenue generating service in 2023.
- Technical Support is the most lucrative service 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 495.1 million |
| Market revenue in 2030 | USD 2,018.9 million |
| Growth rate | 22.2% (CAGR from 2023 to 2030) |
| Largest segment | Managed services |
| Fastest growing segment | Technical Support |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Design & Consulting, Managed Services, Technical Support |
| Key market players worldwide | Amazon.com Inc, Avaya, Cisco Systems Inc, DXC Technology Co Registered Shs When Issued, Fortinet Inc, Genesys International Corporation, Hewlett Packard Enterprise Co, Huawei Technologies, International Business Machines Corp, Juniper Networks Inc, LivePerson Inc, Microsoft Corp, NICE Ltd ADR, Broadcom Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 10.2% of the global proactive services 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 5,198.3 million by 2030.
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Proactive Services Market Scope
Proactive Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America proactive 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 proactive services market will help companies and investors design strategic landscapes.
Managed services was the largest segment with a revenue share of 38.01% in 2023. Horizon Databook has segmented the Latin America proactive services market based on design & consulting, managed services, technical support covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the market can be attributed to the significant penetration by market players and the proliferation of e-retail platforms across the region.
Governments of various countries, such as Brazil, Argentina, Peru, and Mexico, are focusing on technological development and transition to attract overseas investments.
Industrial companies in the region are also focusing on automating their production lines and merging all services on unified platforms, thereby driving the demand for proactive services to execute all business processes efficiently.
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Target buyers of Latin America proactive services market databook
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Our clientele includes a mix of proactive 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 continent-level data and insights on the Latin America proactive services market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America proactive services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America proactive services market size, by country, 2018-2030 (US$M)
Latin America Proactive Services Market Outlook Share, 2023 & 2030 (US$M)
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