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Information Technology Services Market Size In Latin America is set to grow by USD 48.43 billion from 2024-2028, Rising focus on core competencies and improving efficiency to boost the market growth, Technavio

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NEW YORK, Aug. 6, 2024 /PRNewswire/ — The information technology services market size in Latin America is estimated to grow by USD 48.43 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 8.09% during the forecast period. Rising focus on core competencies and improving efficiency is driving market growth, with a trend towards emergence of ai in information management. However, lack of quality standards in slas poses a challenge. Key market players include Accenture Plc, Alphabet Inc., Amazon.com Inc., Atos SE, Capgemini Service SAS, Cisco Systems Inc., Dell Technologies Inc., Deloitte Touche Tohmatsu Ltd., Ernst and Young Global Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., KPMG International Ltd., Microsoft Corp., Oracle Corp., PricewaterhouseCoopers LLP, Salesforce Inc., SAP SE, SONDA S.A., and Tata Consultancy Services Ltd..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Project oriented service, Enterprise cloud computing service, IT outsourcing service, and IT support and training service), Deployment (Hosted service and Managed service), and Geography (Latin America)

Region Covered

Latin America

Key companies profiled

Accenture Plc, Alphabet Inc., Amazon.com Inc., Atos SE, Capgemini Service SAS, Cisco Systems Inc., Dell Technologies Inc., Deloitte Touche Tohmatsu Ltd., Ernst and Young Global Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., KPMG International Ltd., Microsoft Corp., Oracle Corp., PricewaterhouseCoopers LLP, Salesforce Inc., SAP SE, SONDA S.A., and Tata Consultancy Services Ltd.

 

Key Market Trends Fueling Growth

Several enterprises worldwide are integrating Artificial Intelligence (AI) into their information technology services to automate processes and enhance efficiency. This technology helps reduce the time spent on paperwork by half of the workforce, thereby increasing return on investment and decreasing costs. AI also brings structure to unstructured data, making it easier to find information, streamlines processes, and enhances information security. These benefits are expected to boost the growth of information technology services in Latin America, making vendors more efficient and competitive in the market. Integrating AI in information services also improves data quality and categorizes and tags information for easy access in the future. These advantages are significant trends driving the growth of the information technology services market in Latin America. 

The Information Technology Services (ITS) market in Latin America is witnessing significant trends. Key verticals like Telecommunication, Healthcare, Manufacturing, and the Finance industry are adopting IT services at an accelerated pace. Firms are exploring both on-premises deployment and cloud-based offerings, with cloud services gaining popularity due to their scalability and cost-effectiveness. However, variables such as lack of standardization, IT service performance, and security breaches pose challenges. Large Enterprises are focusing on feasibility and success rate of IT solutions, while addressing data security concerns and regulatory requirements through managed services, system integration, and consulting. Technology advancements like AI, Machine Learning (ML), IoT, Robotics, and Software-as-a-service are transforming the ITS landscape. Firms are investing in 5G, Blockchain, Augmented Reality, and Artificial Intelligence to improve efficiency and productivity. The International Trade Administration emphasizes the importance of cybersecurity solutions to mitigate risks from cyberattacks. IT infrastructure services, software robots, and Robotic Process Automation are also gaining traction. The feasibility of on-premise and cloud-based solutions will continue to be a topic of debate as firms navigate the complexities of the ITS market. 

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Market Challenges

An Service Level Agreement (SLA) is a contract between an information technology service provider and an end-user, outlining the expected levels of service delivery. SLAs are output-focused and define the benefits and support the customer receives. However, they do not detail the full scope of services. End-users often lack SLA negotiation experience, leading to misunderstandings. Service providers must be transparent about SLAs to increase adoption. SLAs should include uptime, downtime, and outage frequency statistics. End-users must monitor their IT systems’ efficiency to evaluate service effectiveness. Lack of standardized SLAs may hinder the growth of Latin America’s information technology services market.The Information Technology Services Market in Latin America is experiencing significant growth, driven by the adoption of software-as-a-service and cloud-based offerings. IT services, IT infrastructure, and security solutions are in high demand, especially in sectors like finance and international trade. However, challenges such as data breaches require robust security solutions. Technological developments like 5G, blockchain, augmented reality, artificial intelligence, IT infrastructure services, software robots, and robotic process automation are transforming businesses. The professional services sector, remote working, and business plans are also leveraging these technologies. Economic expansion brings opportunities but also potential problems like resource wastage and IT costs. Precise forecasting and business intelligence (BI) tools help save costs through consumption-based pricing models and cloud-based deployments. Scalability and automatic updates are essential for businesses to stay competitive. IT specialists play a crucial role in operations, and talent recruiting and skill sets are key business strategies.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This information technology services market in Latin America report extensively covers market segmentation by

Type 1.1 Project oriented service1.2 Enterprise cloud computing service1.3 IT outsourcing service1.4 IT support and training serviceDeployment 2.1 Hosted service2.2 Managed serviceGeography 3.1 Latin America

1.1 Project oriented service- In Latin America, the Information Technology Services Market encompasses project-oriented offerings such as system integration, information technology consulting, and application development services. System integration involves project planning, management, and detailed design and implementation of application programming interfaces, along with system deployment services like installation, interoperability testing, and other related tasks. Consulting services offer advisory assistance for businesses to enhance operational performance and technology strategies, focusing on areas like e-commerce, telecommunications, hardware system design, software development, and website design. Vendors like Cognizant in Argentina and Deloitte in Brazil provide these services, with Cognizant offering application development and value management, and Deloitte delivering innovation-driven consulting and technology strategy solutions. This market growth is attributed to the increasing demand for digital transformation and modernization initiatives among Latin American enterprises.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Research Analysis

The Information Technology Services market in Latin America is experiencing significant growth, driven by the adoption of advanced technologies such as Software-as-a-Service (SaaS), Cloud-based offerings, and IT infrastructure services. The region’s economic expansion is fueling the demand for IT services, including IT infrastructure services, Infrastructure-as-a-Service (IaaS), and Platform-as-a-Service (PaaS). Cloud services are becoming increasingly popular due to their scalability, automatic updates, and consumption-based pricing models. The finance industry is a major vertical driving the adoption of IT services, with a focus on security solutions, including data breach prevention and artificial intelligence-based threat detection. Technologies such as 5G, Blockchain, Augmented Reality, and Robotic Process Automation (RPA) are also gaining traction in the region. RPA, in particular, is being used to automate repetitive tasks and reduce IT costs. The International Trade Administration is playing a key role in promoting IT services exports from Latin America. The implementation of 5G networks and the increasing use of IT clusters are expected to further boost the market’s growth. IT infrastructure, including hardware and software, is also a significant component of the market, with a focus on cloud-based deployments and the integration of emerging technologies such as AI and blockchain. Overall, the Latin American IT services market is poised for continued growth, driven by the region’s economic expansion and the adoption of advanced technologies.

Market Research Overview

The Information Technology Services Market in Latin America is experiencing significant growth, driven by technological developments and the increasing adoption of IT infrastructure services, Software-as-a-Service (SaaS), and Cloud-based offerings. Businesses are seeking to improve their operations, reduce IT costs, and take advantage of scalability, automatic updates, and consumption-based pricing models. Sectors like Finance, Telecommunication, Healthcare, Manufacturing, and IoT are leading the way in IT infrastructure services, with a focus on Resource management, Talent recruiting, and Business strategies. The adoption of 5G, Blockchain, Augmented Reality, Artificial Intelligence (AI), Machine Learning (ML), and Robotic Process Automation (RPA) is also on the rise. However, there are potential problems, including data breaches, security solutions, regulatory requirements, and a lack of standardization. Firms must ensure IT service performance and address variables such as economic expansion, skill sets, and resources. The International Trade Administration is playing a role in facilitating business plans and IT service trade, while IT clusters are emerging as hubs for innovation and collaboration. The Professional services sector is also adopting managed services, system integration, consulting, and training and education to stay competitive. Remote working is becoming more common, and firms must adapt to this new reality while maintaining security and ensuring IT costs remain under control. Precise forecasting and Business Intelligence (BI) are essential for making informed decisions and identifying cost-saving opportunities. IT specialists and Operations teams must be prepared for the challenges and opportunities presented by technological advancements, including Cloud services, Data storing capacity, On-premises deployment, and the feasibility of new technologies like AI, ML, and Robotics.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeProject Oriented ServiceEnterprise Cloud Computing ServiceIT Outsourcing ServiceIT Support And Training ServiceDeploymentHosted ServiceManaged ServiceGeographyLatin America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Danish Publisher Automates Digital Textbook Delivery with Integrated WooCommerce-Webdoxx Solution

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5 hours ago

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May 3, 2026

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Danish educational publisher eliminates manual processing errors and delivers instant access to more than 20 digital learning products

LONDON, May 3, 2026 /PRNewswire-PRWeb/ — Forlaget 94, a Danish educational publisher serving commercial colleges and vocational schools since 1994, has transformed its digital textbook distribution by implementing a fully automated WooCommerce-Webdoxx solution.

“Using the Webdoxx-WooCommerce integration we have achieved full automation of order processing, fewer errors, and happier customers,” Tom Gertsen, IT Manager at Forlaget 94

Previously, Forlaget 94 relied on manual processes to distribute digital textbooks to customers. As demand for online educational materials grew, the publisher required a faster, more reliable way to manage orders, provision access, and reduce the risk of administrative errors.

Through its integration of WooCommerce with Webdoxx, Forlaget 94 now runs more than 20 educational products through a 100% automated workflow. The solution automatically processes customer orders and provides instant access to purchased digital textbooks, improving the experience for both customers and internal teams.

“The result is full automation of order processing, fewer errors, and happier customers,” said Tom Gertsen, IT Manager at Forlaget 94 and architect behind the WooCommerce-Webdoxx integration. The automated system has enabled Forlaget 94 to eliminate manual errors, accelerate customer processing, and increase customer satisfaction through immediate access provisioning. The implementation demonstrates how educational publishers can modernize digital content delivery while maintaining secure, managed access to learning materials.

Webdoxx, a service created and managed by Drumlin Security Ltd, provides online DRM and managed document delivery services for publishers, educational organizations, institutions, and commercial content providers.

About Forlaget 94

Forlaget 94 is a Danish educational publisher established in 1994, providing educational products for commercial colleges and vocational schools.

About Webdoxx

Webdoxx is an online DRM and managed document delivery service created and managed by Drumlin Security Ltd. The platform supports secure access to digital publications and documents across a range of sectors, including education, healthcare, government, finance, and publishing.

Media Contact

Mike de Smith, Drumlin Security Ltd, 44 7768404712, info@drumlinsecurity.com, https://www.drumlinsecurity.com/

View original content to download multimedia:https://www.prweb.com/releases/danish-publisher-automates-digital-textbook-delivery-with-integrated-woocommerce-webdoxx-solution-302759942.html

SOURCE Forlaget 94

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139th Canton Fair Phase 3 Advances Toward a Better Life with New and Strengthened Product Zones

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6 hours ago

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May 3, 2026

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GUANGZHOU, China, May 3, 2026 /PRNewswire/ — The 139th China Import and Export Fair (Canton Fair) has rolled out nine newly established product zones. Phase 3 features an expanded and upgraded Intelligent Healthcare zone and the inaugural presentation of a Functional & Technical Fabrics zone.

The upgraded Intelligent Healthcare zone brings together 50 companies presenting a full spectrum of intelligent medical solutions, spanning AI-powered diagnostics, surgical robotics, and next‑generation eldercare technologies. Exhibits highlight how medical devices are becoming smaller, more precise, and increasingly non‑invasive. Capsule endoscopy systems demonstrate how gastrointestinal screening can be completed without discomfort, while AI‑enabled traditional Chinese medicine analyzers compress the inspection and inquiry process into minutes. Wearable glucose monitors make chronic disease management easier and more convenient.

Robotic technologies play a prominent role as well. Endoscopic and orthopedic surgical robots showcase enhanced precision through integrated human‑machine coordination, while bionic prosthetic hands use non‑invasive myoelectric sensing to independently control each finger. Intelligent rehabilitation systems, including lower‑limb exoskeletons and hand‑training devices, provide consistent support for patients recovering mobility. Companion‑style eldercare robots, equipped with monitoring and telemedicine functions, signal the rise of integrated home‑based health services.

The debuting Functional & Technical Fabrics zone highlights how the traditional textile industry is moving toward higher-end and smarter products. Exhibitors present materials that combine multi‑layered performance with intelligent responsiveness. Textiles featuring temperature‑regulating fibers, phase‑change materials, and light‑ or heat‑sensitive color‑shifting effects illustrate how fabrics are evolving into adaptive platforms capable of responding to environmental conditions.

Sustainability emerges as a defining theme. Bio‑based fibers, degradable films, recycled polyester, and organic cotton reflect a shift from isolated eco‑products toward full‑chain green manufacturing. High‑performance outdoor and protective applications further shape the narrative. Materials engineered for waterproof breathability, UV resistance, flame retardancy, and long‑term durability address rising demand across sportswear, professional protection, and medical environments. Smart textiles with embedded health‑monitoring modules demonstrate how apparel is beginning to function as a continuous wellness interface.

Both technology‑driven healthcare and advanced textiles are converging around a shared pursuit of a better life. As these advancements continue to evolve, they reflect a manufacturing landscape increasingly shaped by innovation, resilience, and a commitment to improving everyday living.

For pre-registration, please click: https://buyer.cantonfair.org.cn/register/buyer/email?source_type=16

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/139th-canton-fair-phase-3-advances-toward-a-better-life-with-new-and-strengthened-product-zones-302760704.html

SOURCE Canton Fair

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CupidFeel Insights Show How Shared Interests Affect Initial Connection Outcomes

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7 hours ago

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May 3, 2026

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New behavioral insights from CupidFeel offer a carefully considered look at how shared interests influence whether an initial connection on a dating platform is sustained or abandoned in those first critical exchanges.

GIBRALTAR, May 3, 2026 /PRNewswire-PRWeb/ — The findings by CupidFeel are not dramatic, but they are telling. People who referenced a shared interest — whether a genre of music, a type of cuisine, a sport, a creative practice, or even a shared discomfort with small talk — within the first few exchanges of a new conversation were found to be measurably more likely to continue that conversation beyond the initial contact window. The effect was not uniform across all interest categories; certain types of shared interest appeared to carry more relational weight than others.

It was also observed by CupidFeel that the timing of when shared interests entered a conversation mattered. Connections where common ground was discovered organically — through the natural flow of exchange rather than prompted by a profile field or a direct question — showed stronger indicators of sustained interest. The discovery, in other words, carried more meaning when it felt like something found rather than something declared.

Among the most quietly striking findings in the CupidFeel data was the role of specificity. Broad shared categories — “we both like travel,” “we both enjoy cooking” — were associated with polite, often brief exchanges that rarely extended past pleasantries. But when specificity entered the picture — when one person mentioned a particular documentary that had stayed with them, or a city they had visited and could not stop thinking about — the conversational energy shifted. Something opened up.

In a CupidFeel review of trends in profile engagements, those whose profiles reflected specific, idiosyncratic interests — rather than broadly appealing ones — also showed higher rates of receiving first messages, a finding that runs gently counter to the instinct many people have to present themselves in the most universally appealing terms possible.

What seemed to matter most was not the quantity of overlap but whether the overlap that existed was felt — whether it produced a sense of being seen in some particular, non-generic way. A CupidFeel review of early conversation patterns suggests that a single deeply resonant shared interest may be more generative for early connection than a long list of surface-level commonalities that, taken together, feel more like a demographic profile than a person.

About CupidFeel

CupidFeel is an online dating platform built around the belief that meaningful connections begin with emotional honesty and the willingness to let a conversation go somewhere real. It came into being for people who are less interested in the mechanics of dating and more drawn to the possibility of something that feels grounded — exchanges that move at their own pace, guided by genuine curiosity rather than performance.

A CupidFeel review of its own design principles returns consistently to the same question: what does it take for a first message to feel like it might be worth the journey? The platform makes room for the kind of interaction that doesn’t always have a clear destination but feels, from the first exchange, like something real. CupidFeel is a place where the unexpected is not something to be managed, but something to be welcomed.

Media Contact

Timothy Albers, CupidFeel, 1 14845691657, smm@cupidfeel.com, https://cupidfeel.com/

View original content:https://www.prweb.com/releases/cupidfeel-insights-show-how-shared-interests-affect-initial-connection-outcomes-302759951.html

SOURCE CupidFeel

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