Argentina ICT Market Size (2024 - 2029)

The Argentina ICT market is poised for growth, driven by increased investment in technology across both private and public sectors. The market size is influenced by the country's rapid adoption of IT in various sectors, supported by a well-developed telecommunications infrastructure compared to other Latin American nations. Despite challenges such as economic constraints and limited access to foreign currencies, the government's commitment to infrastructure development, like the expansion of fiber networks, underscores the potential for market expansion. The pandemic has further accelerated digital transformation, impacting the labor market and enhancing productivity through ICT applications.

Market Size of Argentina ICT Industry

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Argentina ICT Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 8.30 %
Market Concentration Low

Major Players

Argentina ICT Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Argentina ICT Market Analysis

The Argentina ICT Market is expected to grow at a CAGR of 8.3% for the forecast period. Further, to increase their overall efficiency, Argentinian businesses are planning to devote the highest percentage of their ICT budgets to the business functions of manufacturing, procurement, and operations. Both private and public consumption would also support investment in technology in Argentina.

  • During the forecast period, Argentina's information technology is expected to be one of the country's developing markets, necessitating the purchase of IT equipment, software, and other services. As per the effect of global digital transformation, Argentina is also rapidly moving towards implementing IT in various areas, including libraries, hospitals, banks, stores, jails, hotels, airports, train stations, and more.
  • In terms of subscribers, in Latin America, only Brazil and Mexico are larger countries than Argentina in the ICT sector. The primary ICT services, including mobile, fixed-line, fixed broadband, and Pay TV, are also relatively well-developed in the nation, at least in comparison to other countries in the region. Also, with the help of internet-based services, the telecom sector has witnessed rising consumer demand, fuelling rivalry amongst telecom firms.
  • The economic crisis and a lack of central bank reserves are causing issues for Argentina's ICT sector, which depends on international trade for hardware and services. Importing equipment and paying for software licensing, roaming services, cloud services, content, television signals, and even IP address used is more challenging due to the restricted access to foreign currencies.
  • Notably, the Argentinean government would keep investing in infrastructure and accelerating the long-delayed rollout of FTTH in the nation (Fiber to the Home). With a projected expenditure of USD 80 million over the following 18 months, the state-owned corporation ARSAT would continue to link more than 1,200 municipalities with its primary fiber network.
  • The pandemic has sped up digitization and automation procedures, which will significantly impact Argentina's labor market. Argentina is quickly approaching a new reality that could either increase inequality and informality or finally see exponential growth and the application of technology in the workplace. ICT applications like Skype, Zoom, Meet, or Hangouts-previously considered purely entertainment tools-have enhanced productivity and significantly aided the economy's advancement.

Argentina ICT Industry Segmentation

Information and Communication Technologies or ICT is a broader term for Information Technology (IT). It refers to all communication technologies, such as wireless networks, the internet, computers, cell phones, software, videoconferencing, middleware, social networking, and other media applications and services enabling users to store, access, transmit, retrieve, and manipulate information in a digital form.

The Argentina ICT Market is Segmented by Type (Hardware, Software, IT Services, and Telecommunication Services), the Size of the Enterprise (Small and Medium Enterprise and Large Enterprises), and Industry Vertical (BFSI, IT and Telecom, Government, Retail and E-commerce, Manufacturing, and Energy and Utilities). The report provides the market sizes and forecasts in terms of value in USD.

By Type
Hardware
Software
IT Services
Telecommunication Services
By Size of Enterprise
Small and Medium Enterprises
Large Enterprises
By Industry Vertical
BFSI
IT and Telecom
Government
Retail and E-commerce
Manufacturing
Energy and Utilities
Other Industry Verticals
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Argentina ICT Market Size Summary

The Argentina ICT market is poised for significant growth, driven by increasing investments in information technology and telecommunications. Businesses in Argentina are allocating substantial portions of their ICT budgets to enhance efficiency in manufacturing, procurement, and operations. The market is characterized by a robust development of primary ICT services such as mobile, fixed-line, and broadband, positioning Argentina as a leading player in the Latin American region, second only to Brazil and Mexico in terms of subscriber base. The government's commitment to infrastructure development, including the rollout of Fiber to the Home (FTTH) networks, is expected to further bolster the sector. Despite challenges such as economic instability and limited access to foreign currencies, which complicate the import of essential hardware and software, the market continues to expand, supported by the increasing demand for internet-based services and the rapid adoption of digital transformation across various sectors.

The adoption of cloud computing technology is a key focus area, with Argentina emerging as one of the most developed nations in South America in this regard. The government's cloud-first policy aims to enhance efficiency and reduce costs across sectors, contributing to the country's digital competitiveness. The regulatory framework for cloud computing is evolving to support this growth, addressing issues like data protection and cybercrime. The ICT market in Argentina is fragmented, with numerous players such as IBM, America Movil, Telecom Argentina, Google, and Microsoft actively expanding their presence and forming strategic collaborations. These efforts are complemented by advancements in telecommunications infrastructure, including the deployment of 5G networks and the expansion of broadband services, which are crucial for supporting the country's digital economy and improving connectivity in remote areas.

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Argentina ICT Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Stakeholder Analysis

    3. 1.3 Industry Attractiveness-Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Hardware

      2. 2.1.2 Software

      3. 2.1.3 IT Services

      4. 2.1.4 Telecommunication Services

    2. 2.2 By Size of Enterprise

      1. 2.2.1 Small and Medium Enterprises

      2. 2.2.2 Large Enterprises

    3. 2.3 By Industry Vertical

      1. 2.3.1 BFSI

      2. 2.3.2 IT and Telecom

      3. 2.3.3 Government

      4. 2.3.4 Retail and E-commerce

      5. 2.3.5 Manufacturing

      6. 2.3.6 Energy and Utilities

      7. 2.3.7 Other Industry Verticals

Argentina ICT Market Size FAQs

The Argentina ICT Market is projected to register a CAGR of 8.30% during the forecast period (2024-2029)

America Movil (Claro), IBM Corporation, Google LLC, Microsoft and Telecom Argentina S.A. are the major companies operating in the Argentina ICT Market.

Argentina ICT Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)