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Latin America Digital Transformation Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMTI21292

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Published on

July 2021

Total pages

206

Table of Content

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About the Report

About the Report

Digital transformation is the integration of digital technology into all areas of a business, fundamentally changing how organizations operate and deliver value to customers. It affects all sectors of society, in particular economies. Companies are now being provided with an opportunity to radically change their business models by new digital technologies like social networks, mobile, big data, Internet of things, other innovations like blockchain. This typically includes changes of the core business operations and modifies products and processes, as well as organizational structures, as companies ought to set up management practices to conduct these complex transformations. Organizations today increasingly realize they can no longer focus on just selling products; they need to sell an experience. An increasing number of products today both consume and generate data, and many are interconnected through the Web. Because of this increased intelligence, their usage can be monitored, additional services can be proactively offered, or maintenance can be provided when a problem is detected. Digitalization is the cause of large-scale and sweeping transformations across multiple aspects of business, providing unparalleled opportunities for value creation and capture, while also representing a major source of risk. The rapid advances in digital technology are redefining the society.

As per a survey conducted on 500 Brazilian decision-makers between November and December 2019 found that 46.1% of executives will be investing in the cloud while 45.6% will pour resources into artificial intelligence projects in the next 2-3 years. This would help Brazil to maintain its lead position in the Latin American region.

Based on the component, the Latin American digital transformation market is bifurcated into Solutions and Services. The solution sub-segment is further divided into cloud computing, big data and analytics, mobility, disruptive technology and social media. Moreover, Service segment is divided into professional services and system integration. Solution segment dominated the market and generated revenue of USD 29.9 billion in 2020. However, Service segment is expected to witness highest CAGR growth of 18.09% during the forecast period (2021-2027). Based on Deployment type the market is segmented into On-premises and cloud deployment. Currently, cloud deployment model dominated the market and generated revenue of USD 21.8 billion in 2020.
 
Based on end-user the European digital transformation market is bifurcated into large enterprises and SME's. Owing to high cost of digital technology deployment large enterprise invested most on digital technology. The segment generated revenue of USD 23.8 billion in 2020. Based on industry vertical, the market is fragmented into BFSI, healthcare, telecom & IT, automotive, education, retail & consumer goods, media & entertainment, manufacturing, government and others. In the BFSI industry, digital transformation helps to make financial transactions speedy, secure, simple, and error-free. BFSI generated highest revenue of USD 9.3 billion in 2020.
 
For better understanding of the market penetration of digital transformation, the report provide detailed analysis of major countries including Latin America (Brazil, Argentina, Rest of Latin America). Brazil dominated the Latin American digital transformation market, generating revenue of USD 25.7 billion in 2020. Some of the major players operating in the market include IBM Corporation, Cognizant, SAP SE, Dell, Microsoft Corporation, Adobe Systems Incorporated, Accenture PLC, Capgemini, Oracle Corporation and Google Inc.

Products


Companies

IBM Corporation, Cognizant, SAP SE, Dell, Microsoft Corporation, Adobe Systems Incorporated, Accenture PLC, Capgemini, Oracle Corporation and Google Inc.

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency Used in Report

1.5. Scope of the Latin America Digital Transformation Market Study

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process

2.2. Research Methodology for the Latin America Digital Transformation Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the Latin America Digital Transformation Market

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 Latin America DIGITAL TRANSFORMATION MARKET DYNAMICS

5.1. Market Drivers

5.1.1. Digitalizing Business Functions

5.1.2. Rapid Proliferation of Smartphone

5.1.3. Increasing Penetration of IoT and Other Disruptive technologies

5.2. Market Challenges

5.2.1. Security and Privacy Concerns

5.2.2. Issues Related to IT Modernizations

5.3. Market Opportunity

5.3.1. Increasing Usage of Disruptive Technologies Such as AI, ML, and Big Data

6 LEGAL & REGULATORY FRAMEWORK

6.1. Fostering growth in the digital ecosystem

6.2. Data Protection Laws in Selected Latin American Countries

7 DEMAND AND SUPPLY SIDE ANALYSIS

7.1. Demand Side Analysis

7.2. Supply Side Analysis

7.2.1. Top Product Launches

7.2.2. Top Partnerships

7.2.3. Top Business Expansions, Investments and Divestitures

7.2.4. Top Merger and Acquisitions

8 VALUE CHAIN ANALYSIS

9 MARKET INSIGHTS BY COMPONENTS

9.1. Solution

9.1.1. Cloud Computing

9.1.2. Big Data & Analytics

9.1.3. Mobility

9.1.4. Disruptive Technology

9.1.5. Social Media

9.2. Services

9.2.1. Professional Services

9.2.2. System Integration

10 MARKET INSIGHTS BY DEPLOYMENT TYPE

10.1. On-premises

10.2. Cloud Deployment

11 MARKET INSIGHTS BY END-USER

11.1. Large Enterprise

11.2. Small & Medium Enterprise

12 MARKET INSIGHTS BY INDUSTRY VERTICAL

12.1. BFSI

12.2. Government

12.3. Healthcare

12.4. Telecom & IT

12.5. Automotive

12.6. Education

12.7. Retail & Consumer Goods

12.8. Media & Entertainment

12.9. Manufacturing

12.10. Other Industries

13 MARKET INSIGHTS BY COUNTRY

13.1. Latin America Ditital Transformation Market

13.1.1. Brazil

13.1.2. Argentina

13.1.3. Rest of Latin America

14 COMPETITIVE SCENARIO

14.1. Porters Five Forces Analysis

14.2. Digital Transformation Market Share, by Company 2020 (%)

15 COMPANY PROFILED

15.1. IBM Corporation

15.2. SAP SE

15.3. Google Inc.

15.4. Oracle Corporation

15.5. Microsoft Corporation

15.6. Dell Ems

15.7. Adobe Systems Incorporated

15.8. Accenture PLC

15.9. Capgemini

15.10. Cognizant

16 DISCLAIMER

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