DUBLIN--(http://www.researchandmarkets.com/research/kps5m7/it_services) has announced the addition of the "IT Services Market in Latin America 2011-2015" report to their offering.)--Research and Markets (
“IT Services Market in Latin America 2011-2015”
TechNavio's analysts forecast the Information Technology market in Latin America to grow at a CAGR of 9.93 over the period 2011-2015. One of the key factors contributing to this market growth is increasing government support. The IT Services market in Latin America has also been witnessing the increasing adoption of cloud services. However, the shortage of talent and increasing attrition rate could pose a challenge to the growth of this market.
The other vendors mentioned in the report are Fujitsu Ltd., Computer Sciences Corp., Neoris Inc., Deloitte Touche Tohmatsu Ltd., Sonda S.A., TCS Ltd., and Infosys Technologies Ltd.
Commenting on the report, an analyst from TechNavio's IT Services team said: ''Global firms such as IBM, HP, SAP and Microsoft are increasing their investment in cloud services. As a result of the recent economic crisis, the adoption of cloud services and solutions such as software as a service (SaaS) has been on the rise. Companies such as Microsoft and SAP have been targeting small and medium-sized enterprises (SMEs) and large corporations with Microsoft online services offerings and Business All-in-One Fast-Start, respectively. The increasing adoption of cloud computing services and solutions is also encouraging more software spending by SMEs.''
According to the report, the IT Services market in Latin America is offering huge potential to IT vendors to tap into the imminent growth opportunities. One of the main factors for this growth is the increasing government support to improve the IT infrastructure in the region. Various initiatives taken by the governments include providing policy incentives, establishing high-tech zones, and providing development funding.
Further, the report reveals that acquiring, retaining, and managing talent is one of the most challenging factors confronting organizations.
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