South & Central America IT Management as a Service Market Forecast to 2031 - Regional Analysis - by Application, Enterprise Size, and End User

Description

List of Tables

The South & Central America IT management as a service market was valued at US$ 353.13 million in 2023 and is expected to reach US$ 899.01 million by 2031; it is estimated to register a CAGR of 12.4% from 2023 to 2031.

Rising Adoption of ITMaaS in Healthcare Industry Fuels South & Central America IT Management as a Service Market

IT for healthcare is more complicated than ever. The majority of healthcare executives wish to give digital transformation top priority; however, it is becoming more and more expensive to hire technical staff to manage hundreds of systems. Because of this healthcare firms are adopting IT management as a service (ITMaaS) as these service providers can help companies to handle their IT operations. These ITMaaS service provider can help healthcare companies to return to treating patients in and increasing access to care. These service providers can assist healthcare firms with IT operations, email, help desk, data security, and cloud hosting. Additionally, they are capable of managing continuous IT services, which facilitate innovation, expansion, and transformation.

The majority of healthcare companies lack the funding and resources necessary to cover the overhead of a sizable internal IT staff, along with maintaining and overseeing their IT infrastructure. As a result, healthcare organizations are more inclined to ITMaaS, as it offers a low-cost way to gain access to a much larger organization's IT resources. These ITMaaS service providers provide comprehensive IT risk protection and prevention. In addition, they offer 24/7/365 support to guarantee that the firm is always ready to respond to threats, as IT disasters can happen at any time, thus assisting organizations in averting catastrophic system breakdowns. Moreover, service providers assist organizations with business continuity planning, resulting in increased uptime and optimal allocation of resources. Hence, the rising adoption of ITMaaS among healthcare organizations is expected to create an opportunity for the growth of the IT management as a service market during the forecast period.

South & Central America IT Management as a Service Market Overview

The SAM IT management as a service market is segmented into Brazil, Argentina, and the Rest of SAM. The market growth in the region can largely be attributed to the growing digitization in the banking and healthcare sectors. For example, Brazil is witnessing tremendous growth in its digital finance. The Central Bank of Brazil introduced a regulation that requires regulatory requirements to be tailored to the size and complexity of a business in order to prevent authorities from significantly burdening small and straightforward financial institutions and limiting their ability to compete. This method was followed by a number of fintech services that eliminate the requirement for a bank intermediary. Thus, the growing adoption of digital finance is fueling the growth of IT management as a service market in the region.

Various initiatives are being taken for the growth of the healthcare sector. In April 2023, the Government of Argentina announced that the Inter-American Development Bank (IDB) approved a US$ 200 million loan to strengthen Argentina's healthcare system. With a total value of US$ 600 million, this financing represents the first individual operation of a conditional credit line for investment projects. This first-ever individual operation aims to offer enhanced healthcare services in the country. Thus, such initiatives in both the banking and healthcare sectors are expected to fuel the growth of IT management as a service market in South America.

South & Central America IT Management as a Service Market Revenue and Forecast to 2031 (US$ Million)

South & Central America IT Management as a Service Market Segmentation

The South & Central America IT management as a service market is categorized into application, enterprise size, end user, and country.

Based on application, the South & Central America IT management as a service market is segmented into system and network monitoring, compliance and security management, asset management, infrastructure performance management, configuration and change management, and others. The system and network monitoring segment held the largest South & Central America IT management as a service market share in 2023.

In terms of enterprise size, the South & Central America IT management as a service market is bifurcated into large enterprises and SMEs. The large enterprises segment held a larger South & Central America IT management as a service market share in 2023.

By end user, the South & Central America IT management as a service market is divided into IT and telecom, BFSI, healthcare and life sciences, manufacturing, higher education, retail, energy and utilities, non profit, and others. The IT and telecom segment held the largest South & Central America IT management as a service market share in 2023.

By country, the South & Central America IT management as a service market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America IT management as a service market share in 2023.

Cisco Systems Inc, Cognizant Technology Solutions Corp, Wipro Ltd, Amazon Web Services Inc, International Business Machines Corp, Fujitsu Ltd, BMC Software Inc, HCL Technologies Ltd, Hewlett Packard Enterprise Co, Capgemini SE, Atos SE, Kyndryl Holdings Inc, Avanade Inc, and Rimini Street, Inc. are some of the leading companies operating in the South & Central America IT management as a service market.

Product Code: BMIRE00031185

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
3.3 Hypothesis formulation:
3.4 Macro-economic factor analysis:
3.5 Developing base number:
3.6 Data Triangulation:
3.7 Country level data:

4. South & Central America IT Management as a Service Market Landscape

4.1 Overview
- 4.1.1 ITMaaS Service Providers:
- 4.1.2 Regulatory Bodies:
- 4.1.3 End Users:
- 4.1.4 List of Vendors in the Value Chain

5. South & Central America IT Management as a Service Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rising Demand for Remote Work Culture
- 5.1.2 Increasing Complexity of IT Infrastructure
5.2 Market Restraints
- 5.2.1 Growing Data Privacy and Security Concerns
5.3 Market Opportunities
- 5.3.1 Rising Adoption of ITMaaS in Healthcare Industry
- 5.3.2 Growing Digitization in SMEs
5.4 Market Trends
- 5.4.1 Rising Demand for Cloud Computing
5.5 Impact of Drivers and Restraints:

6. IT Management as a Service Market - South & Central America Market Analysis

6.1 South & Central America IT Management as a Service Market Revenue (US$ Million), 2021-2031
6.2 South & Central America IT Management as a Service Market Forecast Analysis

7. South & Central America IT Management as a Service Market Analysis - by Application

7.1 System and Network Monitoring
- 7.1.1 Overview
- 7.1.2 System and Network Monitoring: IT Management as a Service Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Compliance and Security Management
- 7.2.1 Overview
- 7.2.2 Compliance and Security Management: IT Management as a Service Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Asset Management
- 7.3.1 Overview
- 7.3.2 Asset Management: IT Management as a Service Market - Revenue and Forecast to 2031 (US$ Million)
7.4 Infrastructure Performance Management
- 7.4.1 Overview
- 7.4.2 Infrastructure Performance Management: IT Management as a Service Market - Revenue and Forecast to 2031 (US$ Million)
7.5 Configuration and Change Management
- 7.5.1 Overview
- 7.5.2 Configuration and Change Management: IT Management as a Service Market - Revenue and Forecast to 2031 (US$ Million)
7.6 Others
- 7.6.1 Overview
- 7.6.2 Others: IT Management as a Service Market - Revenue and Forecast to 2031 (US$ Million)

8. South & Central America IT Management as a Service Market Analysis - by Enterprise Size

8.1 Large Enterprises
- 8.1.1 Overview
- 8.1.2 Large Enterprises: IT Management as a Service Market - Revenue and Forecast to 2031 (US$ Million)
8.2 SMEs
- 8.2.1 Overview
- 8.2.2 SMEs: IT Management as a Service Market - Revenue and Forecast to 2031 (US$ Million)

9. South & Central America IT Management as a Service Market Analysis - by End User

9.1 IT and Telecom
- 9.1.1 Overview
- 9.1.2 IT and Telecom: IT Management as a Service Market - Revenue and Forecast to 2031 (US$ Million)
9.2 BFSI
- 9.2.1 Overview
- 9.2.2 BFSI: IT Management as a Service Market - Revenue and Forecast to 2031 (US$ Million)
9.3 Healthcare and Lifesciences
- 9.3.1 Overview
- 9.3.2 Healthcare and Lifesciences: IT Management as a Service Market - Revenue and Forecast to 2031 (US$ Million)
9.4 Manufacturing
- 9.4.1 Overview
- 9.4.2 Manufacturing: IT Management as a Service Market - Revenue and Forecast to 2031 (US$ Million)
9.5 Higher Education
- 9.5.1 Overview
- 9.5.2 Higher Education: IT Management as a Service Market - Revenue and Forecast to 2031 (US$ Million)
9.6 Retail
- 9.6.1 Overview
- 9.6.2 Retail: IT Management as a Service Market - Revenue and Forecast to 2031 (US$ Million)
9.7 Energy and Utilities
- 9.7.1 Overview
- 9.7.2 Energy and Utilities: IT Management as a Service Market - Revenue and Forecast to 2031 (US$ Million)
9.8 Non-Profit
- 9.8.1 Overview
- 9.8.2 Non-Profit: IT Management as a Service Market - Revenue and Forecast to 2031 (US$ Million)
9.9 Others
- 9.9.1 Overview
- 9.9.2 Others: IT Management as a Service Market - Revenue and Forecast to 2031 (US$ Million)

10. South & Central America IT Management as a Service Market - Country Analysis

10.1 South & Central America IT Management as a Service Market Overview
- 10.1.1 South & Central America: IT Management as a Service Market - Revenue and Forecast Analysis - by Country
  - 10.1.1.1 South & Central America: IT Management as a Service Market - Revenue and Forecast Analysis - by Country
  - 10.1.1.2 Brazil: IT Management as a Service Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.2.1 Brazil: IT Management as a Service Market Breakdown, by Application
    - 10.1.1.2.2 Brazil: IT Management as a Service Market Breakdown, by Enterprise Size
    - 10.1.1.2.3 Brazil: IT Management as a Service Market Breakdown, by End User
  - 10.1.1.3 Argentina: IT Management as a Service Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.3.1 Argentina: IT Management as a Service Market Breakdown, by Application
    - 10.1.1.3.2 Argentina: IT Management as a Service Market Breakdown, by Enterprise Size
    - 10.1.1.3.3 Argentina: IT Management as a Service Market Breakdown, by End User
  - 10.1.1.4 Rest of South & Central America: IT Management as a Service Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.4.1 Rest of South & Central America: IT Management as a Service Market Breakdown, by Application
    - 10.1.1.4.2 Rest of South & Central America: IT Management as a Service Market Breakdown, by Enterprise Size
    - 10.1.1.4.3 Rest of South & Central America: IT Management as a Service Market Breakdown, by End User

11. Competitive Landscape

11.1 Company Positioning & Concentration
11.2 Heat Map Analysis by Key Players

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 Product News & Company News
12.4 Collaboration and Mergers & Acquisitions

13. Company Profiles

13.1 Cisco Systems Inc
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Cognizant Technology Solutions Corp
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Wipro Ltd
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Amazon Web Services Inc
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 International Business Machines Corp
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Fujitsu Ltd
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 BMC Software, Inc.
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 HCL Technologies Ltd
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Hewlett Packard Enterprise Co
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 Capgemini SE
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments
13.11 Atos SE
- 13.11.1 Key Facts
- 13.11.2 Business Description
- 13.11.3 Products and Services
- 13.11.4 Financial Overview
- 13.11.5 SWOT Analysis
- 13.11.6 Key Developments
13.12 Kyndryl Holdings Inc
- 13.12.1 Key Facts
- 13.12.2 Business Description
- 13.12.3 Products and Services
- 13.12.4 Financial Overview
- 13.12.5 SWOT Analysis
- 13.12.6 Key Developments
13.13 Avanade Inc.
- 13.13.1 Key Facts
- 13.13.2 Business Description
- 13.13.3 Products and Services
- 13.13.4 Financial Overview
- 13.13.5 SWOT Analysis
- 13.13.6 Key Developments
13.14 Rimini Street, Inc.
- 13.14.1 Key Facts
- 13.14.2 Business Description
- 13.14.3 Products and Services
- 13.14.4 Financial Overview
- 13.14.5 SWOT Analysis
- 13.14.6 Key Developments

14. Appendix

14.1 Word Index
14.2 About The Insight Partners