The Latin America Information Technology (IT) Services Market is estimated to grow by USD 49,380.19 million during 2022-2027 at a CAGR of 8.7%. The market has been segmented by type (project-oriented service, enterprise cloud computing service, IT outsourcing service, and IT support and training service) and deployment (hosted service and managed service). The project-oriented service segment will account for a significant share of market growth during the forecast period. The market is expected to be driven by factors such as the growing demand for IoT and big data operations. The IT services market in Latin America is fragmented, with existing vendors investing in R&D to expand their offerings and increase their consumer base, while new players are expected to enter the market with innovative solutions during the forecast period.
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