Multi-cloud and Big Data Services are the Key Accelerators of the Latin American IT Business in 2018

Multi-cloud and Big Data Services are the Key Accelerators of the Latin American IT Business in 2018

PR Newswire

SÃO PAULO, July 10, 2018

Real-time data analytics solutions gain relevance as end users implement more next-generation technologies, finds Frost & Sullivan

SÃO PAULO, July 10, 2018 /PRNewswire/ -- Companies in Latin America are shifting focus from technology spending to optimally employing digital transformation accelerators to enhance their business. The new environments created by this competitive strategy are creating significant opportunities for information technology (IT) and cloud sourcing. In response, service providers are expanding their portfolio of cloud solutions and services. However, many of these innovative offerings do not find uptake due to companies' lack of revenue to make the shift to the cloud or the absence of specialized human resources to use them.

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"IT providers are active in market segments and industry sectors where they had no historical presence, moving from the enterprise to small and medium business (SMB) segments and diversifying their portfolio as a way to increase their revenue," explained Renato Rosa, Digital Transformation Program Manager at Frost & Sullivan. "This movement is increasing the competition and forcing IT service prices to fall sharply."

Frost & Sullivan's recent analysis, Latin America Outlook of the Information Technology Services Market, 2018, covers the markets for IT outsourcing, public cloud, data center, Big Data, and managed security service (MSS) in Argentina, Brazil, Chile, Colombia, Mexico, and Peru.

The following trends will continue shaping growth opportunities in the IT business through 2018:

"Latin American enterprises are no longer satisfied with service offerings; they are demanding consultations to better plan for their future needs and optimize infrastructure," noted Rosa. "Therefore, it is important to have more efficient network operations center (NOC) and security operations center (SOC) solutions to monitor and manage clients' infrastructure in real time, ensuring availability, monitoring, and management."

Latin America Outlook of the Information Technology Services Market, 2018 is part of Frost & Sullivan's global IT Services & Applications Growth Partnership Service program.

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Latin America Outlook of the Information Technology Services Market, 2018
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