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South America Software Analytics Market

ID: MRFR/ICT/60345-HCR
200 Pages
Aarti Dhapte
October 2025

South America Software Analytics Market Research Report By Service (Professional Service, Support and Maintenance Service), By Deployment (Cloud, On-Premise), By Vertical (IT & Telecommunication, Healthcare, BFSI, Retail), and By Region (Brazil, Mexico, Argentina, Rest of South America)- Forecast to 2035

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South America Software Analytics Market Summary

As per MRFR analysis, the South America software analytics market Size was estimated at 530.4 USD Million in 2024. The South America software analytics market is projected to grow from 578.45 USD Million in 2025 to 1377.4 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 9.06% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The South America software analytics market is experiencing robust growth driven by technological advancements and evolving consumer needs.

  • Brazil remains the largest market for software analytics, showcasing a strong demand for innovative solutions.
  • Mexico is emerging as the fastest-growing region, reflecting a heightened interest in data analytics capabilities.
  • The integration of artificial intelligence is becoming increasingly prevalent, enhancing the analytical capabilities of software solutions.
  • Rising demand for data-driven decision making and government initiatives supporting digital transformation are key drivers of market growth.

Market Size & Forecast

2024 Market Size 530.4 (USD Million)
2035 Market Size 1377.4 (USD Million)
CAGR (2025 - 2035) 9.06%

Major Players

Microsoft (US), IBM (US), SAP (DE), Oracle (US), SAS (US), Tableau (US), Qlik (US), MicroStrategy (US), Domo (US)

South America Software Analytics Market Trends

The software analytics market in South America is currently experiencing notable growth, driven by the increasing demand for data-driven decision-making across various sectors. Organizations are recognizing the value of harnessing data to enhance operational efficiency, improve customer experiences, and gain competitive advantages. This trend is particularly evident in industries such as finance, retail, and healthcare, where analytics tools are being integrated into existing systems to optimize processes and drive innovation. Furthermore, the rise of cloud computing and advancements in artificial intelligence are facilitating the adoption of software analytics solutions, enabling businesses to analyze vast amounts of data in real-time. In addition, the regulatory landscape in South America is evolving, with governments promoting digital transformation initiatives. This shift is encouraging companies to invest in software analytics capabilities to comply with new regulations and enhance their reporting standards. As organizations continue to prioritize data security and privacy, the demand for robust analytics solutions that ensure compliance is likely to increase. Overall, the software analytics market is poised for continued expansion as businesses in South America seek to leverage data for strategic growth and operational excellence.

Increased Adoption of Cloud-Based Solutions

There is a growing trend towards the adoption of cloud-based software analytics solutions in South America. This shift allows organizations to access advanced analytics tools without the need for significant upfront investments in infrastructure. Cloud solutions offer scalability, flexibility, and cost-effectiveness, making them attractive to businesses of all sizes.

Focus on Data Privacy and Compliance

As regulations surrounding data privacy become more stringent, companies in South America are increasingly prioritizing compliance in their software analytics strategies. This focus on data protection is driving the demand for analytics solutions that not only provide insights but also ensure adherence to local and international regulations.

Integration of Artificial Intelligence

The integration of artificial intelligence into software analytics tools is becoming more prevalent in South America. AI enhances the capabilities of analytics solutions by enabling predictive analytics, automating data processing, and providing deeper insights. This trend is likely to empower organizations to make more informed decisions based on real-time data analysis.

South America Software Analytics Market Drivers

Emergence of Advanced Analytics Technologies

The emergence of advanced analytics technologies is reshaping the software analytics market in South America. Innovations such as machine learning, predictive analytics, and real-time data processing are becoming increasingly accessible to businesses of all sizes. These technologies enable organizations to derive deeper insights from their data, facilitating more informed decision-making. As companies recognize the potential of advanced analytics, investments in these technologies are on the rise. Recent reports indicate that the adoption of machine learning tools in the region has increased by approximately 40% over the last year. This trend is likely to propel the software analytics market forward, as businesses seek to leverage cutting-edge technologies to gain a competitive edge and drive operational excellence.

Expansion of E-Commerce and Digital Services

The rapid expansion of e-commerce and digital services in South America is significantly influencing the software analytics market. With the increasing number of online transactions and digital interactions, businesses are compelled to adopt analytics solutions to understand consumer preferences and enhance user experiences. Recent data suggests that e-commerce sales in the region have grown by over 30% in the past year, prompting retailers to invest in software analytics tools to analyze purchasing patterns and optimize marketing strategies. This trend is expected to drive the software analytics market further, as companies strive to harness data for competitive advantage. The integration of analytics into e-commerce platforms is likely to become a standard practice, thereby fostering innovation and growth within the sector.

Rising Demand for Data-Driven Decision Making

The software analytics market in South America is experiencing a notable surge in demand for data-driven decision making. Organizations across various sectors are increasingly recognizing the value of leveraging data analytics to enhance operational efficiency and drive strategic initiatives. This trend is evidenced by a reported growth rate of approximately 25% in the adoption of analytics tools among businesses in the region. Companies are investing in software analytics solutions to gain insights into customer behavior, optimize supply chains, and improve overall performance. As a result, the software analytics market is poised for substantial growth, with projections indicating a potential market size of $1.5 billion by 2027. This shift towards data-centric strategies is likely to continue, as firms seek to remain competitive in an evolving marketplace.

Growing Focus on Customer Experience Enhancement

In South America, there is a growing focus on enhancing customer experience, which is significantly impacting the software analytics market. Companies are increasingly utilizing analytics tools to gather insights into customer preferences and behaviors, enabling them to tailor their offerings accordingly. This trend is particularly evident in sectors such as retail and hospitality, where personalized experiences are becoming a key differentiator. Recent surveys indicate that businesses investing in customer analytics have seen a 15% increase in customer satisfaction scores. As organizations prioritize customer-centric strategies, the demand for software analytics solutions is expected to rise, driving growth in the market. This emphasis on customer experience is likely to shape the future landscape of the software analytics market in South America.

Government Initiatives Supporting Digital Transformation

Government initiatives aimed at promoting digital transformation in South America are playing a crucial role in shaping the software analytics market. Various countries in the region are implementing policies to encourage the adoption of advanced technologies, including software analytics. For instance, initiatives that provide funding and resources for technology startups are fostering an environment conducive to innovation. As a result, businesses are increasingly turning to analytics solutions to comply with regulatory requirements and enhance service delivery. The software analytics market is likely to benefit from these government efforts, as they create a supportive ecosystem for technology adoption. This trend may lead to a projected increase in market growth, with estimates suggesting a potential rise of 20% in analytics tool utilization among public sector organizations.

Market Segment Insights

By Service: Professional Service (Largest) vs. Support and Maintenance Service (Fastest-Growing)

In the software analytics market, Professional Services hold a significant market share, attributed to the demand for tailored solutions that address specific client needs. The segment's dominance is driven by organizations looking for expertise in implementing analytics tools, thereby enhancing their operational efficiency. In contrast, Support and Maintenance Services, while smaller in share, are growing rapidly as businesses increasingly require ongoing assistance to adapt to the dynamic software landscape. The growth of Support and Maintenance Services is fueled by the necessity for continuous support in an era of evolving technology. Companies are investing more in these services to ensure optimal performance and quick issue resolution. Moreover, the rise in subscription-based software models necessitates a reliable support framework, paving the way for robust growth in this segment, which is anticipated to outpace others in the coming years.

Professional Service (Dominant) vs. Support and Maintenance Service (Emerging)

Professional Services in the software analytics landscape are characterized by their customized approach, focusing on client-specific solutions, consultation, and strategic alignment with business goals. This segment typically encompasses a range of services, including implementation, training, and analytics strategy development. On the other hand, Support and Maintenance Services represent an emerging segment, emphasizing ongoing technical support, troubleshooting, and system maintenance. As businesses move towards more complex and integrated software solutions, the demand for reliable support mechanisms grows, allowing this segment to evolve rapidly and establish itself as an essential component for long-term client satisfaction and software longevity.

By Deployment: Cloud (Largest) vs. On-Premise (Fastest-Growing)

In the deployment segment of the software analytics market, Cloud solutions hold the largest share, reflecting a significant shift towards remote accessibility and scalability in data management. On-Premise solutions, meanwhile, cater to businesses that prioritize control over their data and customization options. This distribution indicates a growing confidence in Cloud technologies among companies in the region. Growth trends in this segment are being driven by increasing digital transformation across industries, alongside the demand for real-time analytics capabilities. While Cloud deployment continues to thrive due to its flexibility and cost-effectiveness, On-Premise solutions are experiencing revival as organizations seek to address security concerns and regulatory requirements, highlighting a dual demand in the market.

Cloud (Dominant) vs. On-Premise (Emerging)

Cloud deployment remains the dominant force in this segment, appealing to businesses looking for agile solutions that adapt to their changing needs. Its scalability, lower upfront costs, and ease of maintenance foster rapid adoption across various sectors. Conversely, On-Premise deployment is emerging as a viable option for organizations with stringent data security requirements and specific compliance mandates. This resurgence is fueled by advancements in technology that enhance the capabilities of On-Premise systems, allowing for greater integration and customization. Both deployment types are poised to coexist, catering to distinct market needs and preferences.

By Vertical: IT & Telecommunication (Largest) vs. Healthcare (Fastest-Growing)

In the South America software analytics market, the IT & Telecommunication sector currently holds a significant share due to its extensive adoption of digital technologies and the urgent need for data-driven insights. This sector's robust infrastructure and continuous investment in software solutions position it as the largest segment in the region. On the other hand, the Healthcare segment is rapidly gaining traction, leveraging analytics for improved patient care and operational efficiency, making it a key player in this market. The growth trends in these segments are compelling, driven by increasing digital transformation initiatives across various industries. The IT & Telecommunication sector benefits from the rising demand for real-time analytics and cloud-based solutions, while the Healthcare sector is propelled by the need for enhanced data management and patient outcomes. In this dynamic landscape, both segments are expected to evolve, addressing unique challenges and opportunities as they cater to an increasingly data-centric environment.

IT & Telecommunication: Dominant vs. Healthcare: Emerging

The IT & Telecommunication sector is characterized by its advanced infrastructure and adoption of cutting-edge technologies that drive efficiency and connectivity. This dominance in the market stems from continuous innovations and the critical need for real-time data analysis, which makes it indispensable for businesses aiming to enhance their competitive edge. In contrast, the Healthcare sector, an emerging player, is quickly adopting software analytics to streamline operations and improve patient care. This shift is driven by regulatory changes and the pressing need for data-driven decision-making, positioning healthcare organizations to leverage analytics not only for operational efficiency but also for enhancing patient outcomes and experience in a rapidly evolving market.

Get more detailed insights about South America Software Analytics Market

Regional Insights

Brazil : Brazil's Market Leadership and Growth

Brazil holds a commanding position in the South American software analytics market, with a market value of $250.0 million, representing a significant share. Key growth drivers include the rapid digital transformation across industries, increased investment in IT infrastructure, and a growing demand for data-driven decision-making. Government initiatives promoting technology adoption and favorable regulatory policies further enhance market potential, while urbanization and industrial development contribute to rising consumption patterns.

Mexico : Growth Driven by Diverse Industries

Mexico's software analytics market is valued at $120.0 million, showcasing a growing demand for analytics solutions across various sectors. Key growth drivers include the expansion of e-commerce, increased focus on customer experience, and the adoption of cloud technologies. Regulatory support for digital initiatives and investments in telecommunications infrastructure are also pivotal in shaping market dynamics, leading to a surge in analytics consumption.

Argentina : Navigating Economic Challenges

With a market value of $80.0 million, Argentina's software analytics sector is poised for growth despite economic fluctuations. Key drivers include the increasing need for business intelligence and data analytics in sectors like finance and retail. Government policies aimed at fostering innovation and technology adoption are crucial, while local demand trends reflect a shift towards data-centric decision-making in businesses.

Rest of South America : Regional Growth Across Multiple Markets

The Rest of South America, with a market value of $80.4 million, presents diverse opportunities in the software analytics landscape. Key growth drivers include the rise of small and medium enterprises (SMEs) adopting analytics for competitive advantage and government initiatives supporting digital transformation. Infrastructure improvements and regional collaborations are enhancing market accessibility and consumption patterns.

South America Software Analytics Market Regional Image

Key Players and Competitive Insights

The software analytics market in South America is characterized by a dynamic competitive landscape, driven by rapid technological advancements and increasing demand for data-driven decision-making. Key players such as Microsoft (US), IBM (US), and SAP (DE) are at the forefront, leveraging their extensive resources to innovate and expand their market presence. Microsoft (US) focuses on integrating artificial intelligence (AI) into its analytics solutions, enhancing user experience and operational efficiency. Meanwhile, IBM (US) emphasizes cloud-based analytics, positioning itself as a leader in providing scalable solutions tailored to diverse industries. SAP (DE) is actively pursuing partnerships with local firms to enhance its regional footprint, thereby fostering a collaborative ecosystem that supports digital transformation across various sectors.

The business tactics employed by these companies reflect a concerted effort to localize their offerings and optimize supply chains. The market structure appears moderately fragmented, with a mix of established players and emerging startups vying for market share. This fragmentation allows for a diverse range of solutions, catering to the unique needs of South American businesses. The collective influence of these key players shapes the competitive environment, as they continuously adapt to evolving market demands and technological trends.

In October 2025, Microsoft (US) announced a strategic partnership with a leading South American telecommunications provider to enhance its cloud analytics capabilities. This collaboration aims to deliver advanced analytics solutions tailored to the telecommunications sector, indicating Microsoft's commitment to expanding its service offerings in the region. Such partnerships are likely to bolster Microsoft's competitive edge by providing localized solutions that address specific industry challenges.

In September 2025, IBM (US) launched a new suite of AI-driven analytics tools designed specifically for the South American market. This initiative underscores IBM's focus on innovation and its intent to cater to the growing demand for intelligent analytics solutions. By harnessing AI, IBM aims to empower businesses to derive actionable insights from their data, thereby enhancing decision-making processes and operational efficiency.

In August 2025, SAP (DE) unveiled a new initiative aimed at fostering digital transformation among small and medium-sized enterprises (SMEs) in South America. This program includes training and resources to help SMEs leverage analytics for growth. SAP's approach reflects a strategic focus on inclusivity, recognizing the potential of SMEs as key drivers of economic growth in the region. By supporting these businesses, SAP not only strengthens its market position but also contributes to the broader economic landscape.

As of November 2025, current trends in the software analytics market are heavily influenced by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are increasingly shaping the competitive landscape, as companies recognize the value of collaboration in driving innovation. The shift from price-based competition to a focus on technological advancement and supply chain reliability is evident. Moving forward, competitive differentiation will likely hinge on the ability to innovate and deliver tailored solutions that meet the evolving needs of businesses in South America.

Key Companies in the South America Software Analytics Market market include

Industry Developments

Recent developments in the South America Software Analytics Market have shown a significant increase in investments, with major companies like Qlik, SAP, and IBM expanding their presence in the region. As businesses increasingly recognize the importance of data-driven decision-making, the demand for analytics solutions continues to rise.Amazon Web Services announced in May 2025 the extension of its Latin American cloud infrastructure with the establishment of a new data center region in Chile. This expansion is intended to provide local enterprises with scalable cloud-native analytics capabilities, thereby supporting analytics and generative AI workloads throughout South America. 

In April 2025, NowVertical Group was officially recognized as the Google Cloud Data & Analytics Partner of the Year for Latin America. This recognition is a testament to the company's exceptional performance in providing enterprise clients in Brazil and beyond with sophisticated analytics and AI solutions on the Google Cloud Platform.Palantir and Bain & Company established a strategic partnership in May 2025 to jointly develop AI and analytics transformation frameworks for significant commercial and public sector organizations in South America. This partnership will leverage Palantir Foundry capabilities through Bain's consulting network.

Future Outlook

South America Software Analytics Market Future Outlook

The Software Analytics Market is projected to grow at a 9.06% CAGR from 2024 to 2035, driven by increased data utilization, cloud adoption, and demand for real-time insights.

New opportunities lie in:

  • Development of AI-driven predictive analytics tools for businesses
  • Integration of software analytics with IoT devices for enhanced data collection
  • Creation of subscription-based analytics platforms targeting SMEs

By 2035, the market is expected to achieve substantial growth, driven by innovation and increased adoption.

Market Segmentation

South America Software Analytics Market Service Outlook

  • Professional Service
  • Support and Maintenance Service

South America Software Analytics Market Vertical Outlook

  • IT & Telecommunication
  • Healthcare
  • BFSI
  • Retail

South America Software Analytics Market Deployment Outlook

  • Cloud
  • On-Premise

Report Scope

MARKET SIZE 2024530.4(USD Million)
MARKET SIZE 2025578.45(USD Million)
MARKET SIZE 20351377.4(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)9.06% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Million
Key Companies Profiled["Microsoft (US)", "IBM (US)", "SAP (DE)", "Oracle (US)", "SAS (US)", "Tableau (US)", "Qlik (US)", "MicroStrategy (US)", "Domo (US)"]
Segments CoveredService, Deployment, Vertical
Key Market OpportunitiesIntegration of artificial intelligence in software analytics enhances predictive capabilities and decision-making processes.
Key Market DynamicsGrowing demand for data-driven decision-making fuels competition in the software analytics market across South America.
Countries CoveredBrazil, Mexico, Argentina, Rest of South America

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FAQs

What is the expected market size of the South America Software Analytics Market in 2024?

The South America Software Analytics Market is expected to be valued at 663.0 million USD in 2024.

What will the market value of the South America Software Analytics Market be in 2035?

By 2035, the South America Software Analytics Market is projected to reach a value of 1,720.87 million USD.

What is the anticipated CAGR for the South America Software Analytics Market from 2025 to 2035?

The expected CAGR for the South America Software Analytics Market from 2025 to 2035 is 9.058%.

Which region holds the largest market share in the South America Software Analytics Market?

Brazil is expected to dominate the South America Software Analytics Market, with a projected value of 265.0 million USD in 2024.

What will the market size for Mexico be in the South America Software Analytics Market by 2035?

By 2035, the market size for Mexico in the South America Software Analytics Market is expected to reach 460.0 million USD.

Who are the major players in the South America Software Analytics Market?

Key players include Qlik, Domo, SAP, IBM, Oracle, and Microsoft among others.

What is the estimated market value for Professional Services in the South America Software Analytics Market in 2024?

The market value for Professional Services in 2024 is estimated at 250.0 million USD.

How much is the Support and Maintenance Service segment valued at for 2024?

In 2024, the Support and Maintenance Service segment is valued at 413.0 million USD.

What is the projected market size for the Rest of South America in 2035?

The Rest of South America segment is projected to reach 335.87 million USD by 2035.

What are some of the growth drivers for the South America Software Analytics Market?

Key growth drivers include increasing data-driven decision making and the rising demand for real-time analytics.

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