IT market in Argentina 2023-2027: A descriptive analysis of five forces model, market dynamics, & segmentation- Technavio
NEW YORK, Jan. 11, 2023 /PRNewswire/ -- According to Technavio, the global IT market size in Argentina is estimated to grow by USD 6689.71 million from 2022 to 2027. The market is estimated to grow at a CAGR of 8.3% during the forecast period.
The global IT market in Argentina is fragmented, and the five forces analysis covers?
Bargaining Power of Buyers
The threat of New Entrants
Threat of Rivalry
Bargaining Power of Suppliers
Threat of Substitutes
Interpretation of porter's five models helps to strategize the business, for entire details ? buy the report!
Global IT market in Argentina? Customer landscape
The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global IT market in Argentina- Segmentation assessment
Segment overview
Technavio has segmented the market based on end-user (BFSI, IT and telecom, government, healthcare, and others), and type (services, software, and hardware).
The BFSI segment will grow at the highest rate during the forecast period. One of the main factors that will propel the growth of the Argentina IT market in the BFSI segment during the forecast period is the fast-paced transformation of the BFSI sector in terms of updating legacy IT infrastructure and systems to implement new and cutting-edge technologies that cater to consumer needs. Businesses in the banking, financial services, and insurance (BFSI) industry are investing in IT solutions to lower costs, discover new sources of income, enhance security and compliance protocols, and boost customer support effectiveness.
The increasing adoption of cloud-based services is a key factor behind the growth of the Argentina information technology market.
The increasing digitization of the country's end-user segments has prompted software developers and service providers to include cloud-based solutions in their offers. These solutions have made it unnecessary for businesses in Argentina to buy and install IT infrastructure.
The infrastructure as a service, platform as a service, and software as a service pay-as-you-go subscription model encourages the use of cloud-based solutions and is predicted to support the expansion of the IT industry in Argentina throughout the projection period.
Leading trends influencing the market
Increasing adoption of mobility solutions is a major trend in the Argentina information technology market.
IT services like backend as a service (BaaS) and web-integrated development environments (IDE) are necessary for mobile application developers to provide cutting-edge innovative mobile application development solutions.
Using IT services like BaaS solutions, mobile app developers can speed up front-end tasks like design and content creation and improve user interface (UI) design for a better user experience. Therefore, the above factors are expected to drive the growth of Argentina's IT market during the forecast period.
Major challenges hindering the market growth
The shortage of qualified IT professionals is a major challenge to the growth of the Argentina information technology market.
There is a critical lack of trained IT professionals for Argentine businesses. They face major obstacles in hiring and keeping IT professionals.
The number of applicants for open positions is declining due to a shortage of professional qualifications. Small businesses and public sector organizations consequently struggle to find qualified candidates.
The digital transformation initiatives of Argentina's businesses may be seriously hampered by the lack of qualified IT experts in the fields of cloud, AI, big data, and IoT.
Semiconductor Fabrication Software Market by Solution, End-user, and Geography - Forecast and Analysis 2023-2027: The semiconductor fabrication software market is estimated to grow at a CAGR of 1.77% between 2022 and 2027. The size of the market is forecast to increase by USD 586.17 million. This report extensively covers market segmentation by solution (CAE, IC physical design and verification, PCB and MCM, fab management software, and others), end-user (process documentation, process integration, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America).
Big Data Services Market by Component, End-user and Geography - Forecast and Analysis 2023-2027: The big data services market is estimated to grow at a CAGR of 35.68% between 2022 and 2027. The size of the market is forecast to increase by USD 153.75 billion. The growing amount of data is notably driving the market growth, although factors such as adhering to diverse client requirements may impede the market growth.
IT Market In Argentina Scope
Report Coverage
Details
Page number
145
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 8.3%
Market growth 2023-2027
USD 6689.71 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
7.4
Regional analysis
Argentina
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Accenture Plc, Amadeus IT Group SA, Apple Inc., AVEVA Group Plc, Capgemini Service SAS, Cisco Systems Inc., Dassault Systemes SE, Dell Technologies Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Hexagon AB, Infosys Ltd., International Business Machines Corp., Lenovo Group Ltd., Microsoft Corp., Oracle Corp., SAP SE, Siemens AG, Telefonaktiebolaget LM Ericsson, and TOSHIBA CORP
Market dynamics
Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Exhibit 117: International Business Machines Corp. - Overview
Exhibit 118: International Business Machines Corp. - Business segments
Exhibit 119: International Business Machines Corp. - Key news
Exhibit 120: International Business Machines Corp. - Key offerings
Exhibit 121: International Business Machines Corp. - Segment focus
11.13 Microsoft Corp.
Exhibit 122: Microsoft Corp. - Overview
Exhibit 123: Microsoft Corp. - Business segments
Exhibit 124: Microsoft Corp. - Key news
Exhibit 125: Microsoft Corp. - Key offerings
Exhibit 126: Microsoft Corp. - Segment focus
11.14 Oracle Corp.
Exhibit 127: Oracle Corp. - Overview
Exhibit 128: Oracle Corp. - Business segments
Exhibit 129: Oracle Corp. - Key news
Exhibit 130: Oracle Corp. - Key offerings
Exhibit 131: Oracle Corp. - Segment focus
11.15 SAP SE
Exhibit 132: SAP SE - Overview
Exhibit 133: SAP SE - Business segments
Exhibit 134: SAP SE - Key news
Exhibit 135: SAP SE - Key offerings
Exhibit 136: SAP SE - Segment focus
11.16 Siemens AG
Exhibit 137: Siemens AG - Overview
Exhibit 138: Siemens AG - Business segments
Exhibit 139: Siemens AG - Key news
Exhibit 140: Siemens AG - Key offerings
Exhibit 141: Siemens AG - Segment focus
11.17 Telefonaktiebolaget LM Ericsson
Exhibit 142: Telefonaktiebolaget LM Ericsson - Overview
Exhibit 143: Telefonaktiebolaget LM Ericsson - Business segments
Exhibit 144: Telefonaktiebolaget LM Ericsson - Key news
Exhibit 145: Telefonaktiebolaget LM Ericsson - Key offerings
Exhibit 146: Telefonaktiebolaget LM Ericsson - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 147: Inclusions checklist
Exhibit 148: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 149: Currency conversion rates for US$
12.4 Research methodology
Exhibit 150: Research methodology
Exhibit 151: Validation techniques employed for market sizing
Exhibit 152: Information sources
12.5 List of abbreviations
Exhibit 153: List of abbreviations
About Us
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.
The "Europe
Welding Equipment Market-Growth, Trends, and Forecast (2019 - 2024)"
report has been added to ResearchAndMarkets.com's
offering.
Welding is one of the critical processes employed in the manufacturing...
Inovio Pharmaceuticals, Inc. announced today that its Ebola vaccine, INO-4201, was safe, tolerable, and generated strong T cell and antibody responses. This Phase 1 data was published in The Journal of Infectious Diseases and further supports the...
Merck , known as MSD outside the United States and Canada, and
NGM Biopharmaceuticals, Inc. (NGM) today announced that Merck has
exercised its option to extend the research phase of the companies'
broad, strategic collaboration...
The shareholders in Sandvik Aktiebolag are convened to the Annual General Meeting to be held on Monday, 29 April 2019 at 3:00 p.m. at the Göransson Arena, Sätragatan 21, Sandviken, Sweden.
RIGHT TO PARTICIPATE AND NOTICE
Shareholders who wish to...
The Oslo Business for Peace Award is given to inspiring business
leaders who have put society first.
2019's winners are: Dr Agbor Ashumanyi Ako,
medical director of GiftedMom, Alice Laugher, CEO of
Committed to...
The evolving competitive market has made it essential for the telecommunication industry to rethink traditional ways of doing business in terms of the impact on business models, service portfolios and technical architectures. Digital business support...