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. 

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Global IT market in Argentina - Five forces

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.

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Global IT market In Argentina – Market dynamics

Key factor driving market growth

• 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.

Driver, Trend & Challenges are the factor of market dynamics which states about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this IT market in Argentina report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the IT market in Argentina between 2023 and 2027
• Precise estimation of the size of the IT market in Argentina and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of IT market in Argentina vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 07: Parent market
• Exhibit 08: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 09: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 10: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 11: Chart on Argentina - Market size and forecast 2022-2027 ($ million)
• Exhibit 12: Data Table on Argentina - Market size and forecast 2022-2027 ($ million)
• Exhibit 13: Chart on Argentina: Year-over-year growth 2022-2027 (%)
• Exhibit 14: Data Table on Argentina: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 IT market in Argentina 2017 - 2021 
• Exhibit 15: Historic Market Size – Data Table on IT market in Argentina 2017 - 2021 ($ million)

• 4.2 End-user Segment Analysis 2017 - 2021 
• Exhibit 16: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 17: Historic Market Size – Type Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 18: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 25: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 26: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 27: Chart on Comparison by End-user
• Exhibit 28: Data Table on Comparison by End-user

• 6.3 BFSI - Market size and forecast 2022-2027
• Exhibit 29: Chart on BFSI - Market size and forecast 2022-2027 ($ million)
• Exhibit 30: Data Table on BFSI - Market size and forecast 2022-2027 ($ million)
• Exhibit 31: Chart on BFSI - Year-over-year growth 2022-2027 (%)
• Exhibit 32: Data Table on BFSI - Year-over-year growth 2022-2027 (%)

• 6.4 IT and telecom - Market size and forecast 2022-2027
• Exhibit 33: Chart on IT and telecom - Market size and forecast 2022-2027 ($ million)
• Exhibit 34: Data Table on IT and telecom - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Chart on IT and telecom - Year-over-year growth 2022-2027 (%)
• Exhibit 36: Data Table on IT and telecom - Year-over-year growth 2022-2027 (%)

• 6.5 Government - Market size and forecast 2022-2027
• Exhibit 37: Chart on Government - Market size and forecast 2022-2027 ($ million)
• Exhibit 38: Data Table on Government - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Chart on Government - Year-over-year growth 2022-2027 (%)
• Exhibit 40: Data Table on Government - Year-over-year growth 2022-2027 (%)

• 6.6 Healthcare - Market size and forecast 2022-2027
• Exhibit 41: Chart on Healthcare - Market size and forecast 2022-2027 ($ million)
• Exhibit 42: Data Table on Healthcare - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Chart on Healthcare - Year-over-year growth 2022-2027 (%)
• Exhibit 44: Data Table on Healthcare - Year-over-year growth 2022-2027 (%)

• 6.7 Others - Market size and forecast 2022-2027
• Exhibit 45: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 46: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 48: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by End-user 
• Exhibit 49: Market opportunity by End-user ($ million)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 50: Chart on Type - Market share 2022-2027 (%)
• Exhibit 51: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 52: Chart on Comparison by Type
• Exhibit 53: Data Table on Comparison by Type

• 7.3 Services - Market size and forecast 2022-2027
• Exhibit 54: Chart on Services - Market size and forecast 2022-2027 ($ million)
• Exhibit 55: Data Table on Services - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Chart on Services - Year-over-year growth 2022-2027 (%)
• Exhibit 57: Data Table on Services - Year-over-year growth 2022-2027 (%)

• 7.4 Software - Market size and forecast 2022-2027
• Exhibit 58: Chart on Software - Market size and forecast 2022-2027 ($ million)
• Exhibit 59: Data Table on Software - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Chart on Software - Year-over-year growth 2022-2027 (%)
• Exhibit 61: Data Table on Software - Year-over-year growth 2022-2027 (%)

• 7.5 Hardware - Market size and forecast 2022-2027
• Exhibit 62: Chart on Hardware - Market size and forecast 2022-2027 ($ million)
• Exhibit 63: Data Table on Hardware - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Chart on Hardware - Year-over-year growth 2022-2027 (%)
• Exhibit 65: Data Table on Hardware - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Type 
• Exhibit 66: Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 67: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 68: Impact of drivers and challenges in 2022 and 2027

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape 
• Exhibit 69: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption 
• Exhibit 70: Overview on factors of disruption

• 10.4 Industry risks 
• Exhibit 71: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered 
• Exhibit 72: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 73: Matrix on vendor position and classification

• 11.3 Accenture Plc 
• Exhibit 74: Accenture Plc - Overview
• Exhibit 75: Accenture Plc - Business segments
• Exhibit 76: Accenture Plc - Key news
• Exhibit 77: Accenture Plc - Key offerings
• Exhibit 78: Accenture Plc - Segment focus

• 11.4 Amadeus IT Group SA 
• Exhibit 79: Amadeus IT Group SA - Overview
• Exhibit 80: Amadeus IT Group SA - Business segments
• Exhibit 81: Amadeus IT Group SA - Key news
• Exhibit 82: Amadeus IT Group SA - Key offerings
• Exhibit 83: Amadeus IT Group SA - Segment focus

• 11.5 Apple Inc. 
• Exhibit 84: Apple Inc. - Overview
• Exhibit 85: Apple Inc. - Business segments
• Exhibit 86: Apple Inc. - Key news
• Exhibit 87: Apple Inc. - Key offerings
• Exhibit 88: Apple Inc. - Segment focus

• 11.6 AVEVA Group Plc 
• Exhibit 89: AVEVA Group Plc - Overview
• Exhibit 90: AVEVA Group Plc - Business segments
• Exhibit 91: AVEVA Group Plc - Key offerings
• Exhibit 92: AVEVA Group Plc - Segment focus

• 11.7 Capgemini Service SAS 
• Exhibit 93: Capgemini Service SAS - Overview
• Exhibit 94: Capgemini Service SAS - Business segments
• Exhibit 95: Capgemini Service SAS - Key news
• Exhibit 96: Capgemini Service SAS - Key offerings
• Exhibit 97: Capgemini Service SAS - Segment focus

• 11.8 Cisco Systems Inc. 
• Exhibit 98: Cisco Systems Inc. - Overview
• Exhibit 99: Cisco Systems Inc. - Business segments
• Exhibit 100: Cisco Systems Inc. - Key news
• Exhibit 101: Cisco Systems Inc. - Key offerings
• Exhibit 102: Cisco Systems Inc. - Segment focus

• 11.9 Dassault Systemes SE 
• Exhibit 103: Dassault Systemes SE - Overview
• Exhibit 104: Dassault Systemes SE - Product / Service
• Exhibit 105: Dassault Systemes SE - Key news
• Exhibit 106: Dassault Systemes SE - Key offerings

• 11.10 Hewlett Packard Enterprise Co. 
• Exhibit 107: Hewlett Packard Enterprise Co. - Overview
• Exhibit 108: Hewlett Packard Enterprise Co. - Business segments
• Exhibit 109: Hewlett Packard Enterprise Co. - Key news
• Exhibit 110: Hewlett Packard Enterprise Co. - Key offerings
• Exhibit 111: Hewlett Packard Enterprise Co. - Segment focus

• 11.11 Hexagon AB 
• Exhibit 112: Hexagon AB - Overview
• Exhibit 113: Hexagon AB - Business segments
• Exhibit 114: Hexagon AB - Key news
• Exhibit 115: Hexagon AB - Key offerings
• Exhibit 116: Hexagon AB - Segment focus

• 11.12 International Business Machines Corp.
• 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

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