PUBLISHER: The Insight Partners | PRODUCT CODE: 1843370
PUBLISHER: The Insight Partners | PRODUCT CODE: 1843370
The South and Central America (SAM) help desk and ticketing software market is projected to grow significantly, reaching approximately USD 259.16 million by 2031, up from USD 163.00 million in 2023. This growth represents a compound annual growth rate (CAGR) of 6.0% from 2023 to 2031.
Executive Summary and Market Analysis
The SAM help desk and ticketing software market is divided into key regions: Brazil, Argentina, and the Rest of SAM. A notable trend in the region is the digital transformation of various sectors, particularly healthcare. For instance, in April 2024, Argentina's Ministry of Health implemented Red Hat's container, integration, and automation solutions to establish a robust IT infrastructure based on microservices technology. This modern infrastructure enhances the sharing of medical data across 24 provinces, creating a demand for help desk and ticketing software in the healthcare sector.
Additionally, Brazil's e-commerce sector experienced a remarkable 31% growth in the first half of 2021 compared to the same period in 2020, with a 7.4% increase in total orders. This surge in online shopping is driving the need for enhanced customer support and experience, further fueling the demand for help desk and ticketing software in the region.
Market Segmentation Analysis
The SAM help desk and ticketing software market can be analyzed through several key segments: component, industry vertical, deployment method, and organization size.
Market Outlook
Cloud computing is revolutionizing how businesses manage data, offering a cost-effective solution for storage and processing without the need for expensive hardware. This is particularly beneficial for SMEs and startups, allowing them to access various software solutions on a subscription or pay-as-you-go basis. As a result, many organizations are shifting towards cloud-based help desk and ticketing software, which can be easily accessed via apps or user-friendly interfaces. This shift reduces capital expenditures and allows businesses to focus on operational costs, making cloud solutions increasingly popular.
Country Insights
The SAM help desk and ticketing software market is primarily composed of Brazil, Argentina, and other countries in the region, with Brazil leading the market share in 2023. The emphasis on customer service is intensifying in Brazil, prompting companies to strengthen their customer relationships. Notably, Zendesk has expanded its presence in Brazil, providing cloud-based software to over 1,000 companies, significantly increasing its customer base in response to the rising demand for help desk solutions. Such strategic expansions are expected to create lucrative opportunities for market growth in the coming years.
Company Profiles
Key players in the SAM help desk and ticketing software market include Zendesk Inc., Genesys, Zoho Corp Pvt Ltd, Freshworks Inc., TEXT S A, SolarWinds Worldwide LLC, Atlassian Corp, SysAid, Salesforce Inc., ServiceNow Inc., clickdesk.com, ProProfs, InvGate, Desku Inc., Atera Networks Ltd., JPK Software Solutions Pvt. Ltd., OTRS AG, Rother OSS GmbH, Znuny GmbH, Help Scout PBC, Hiver, Intercom, and Exotel Techcom Pvt Ltd, among others. These companies are employing various strategies, including expansion, product innovation, and mergers and acquisitions, to enhance their offerings and increase market share.