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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 Infographic
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    South America Software Analytics Market Summary

    The South America Software Analytics market is projected to grow from 663 USD Million in 2024 to 1720.9 USD Million by 2035, indicating robust growth potential.

    Key Market Trends & Highlights

    South America Software Analytics Key Trends and Highlights

    • The market is expected to expand at a compound annual growth rate of 9.06 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 1720.9 USD Million, reflecting increasing demand for software analytics solutions.
    • In 2024, the market is valued at 663 USD Million, highlighting the current investment landscape in South America.
    • Growing adoption of advanced analytics technologies due to the need for data-driven decision making is a major market driver.

    Market Size & Forecast

    2024 Market Size 663 (USD Million)
    2035 Market Size 1720.9 (USD Million)
    CAGR (2025-2035) 9.06%

    Major Players

    Qlik, Domo, looker, SAP, SAS, IBM, Oracle, MicroStrategy, TIBCO, Salesforce, Alteryx, Zoho, Tableau, Sisense, Microsoft

    South America Software Analytics Market Trends

    The South American Software Analytics Market is currently experiencing a number of significant trends that are being driven by the growing demand for data-driven decision-making in a variety of sectors. The region's governments are actively promoting digital transformation initiatives, which in turn encourages companies to implement advanced analytics solutions. The primary motivation behind this initiative is the necessity for improved operational efficiency and enhanced consumer experiences. 

    Market Segment Insights

    South America Software Analytics Market Segment Insights

    South America Software Analytics Market Segment Insights

    Software Analytics Market Service Insights

    Software Analytics Market Service Insights

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    The Service segment of the South America Software Analytics Market is playing a crucial role in the growth and adoption of software analytics solutions across various industries in the region. This segment encompasses various offerings, mainly classified into Professional Service and Support and Maintenance Service, which together are essential for ensuring optimal utilization and continuous improvement of software analytics tools. With businesses progressively relying on data-driven insights for strategic decision-making, professional services have gained significant traction in South America.

    This encompasses consulting, implementation, and customization, which are vital in adapting software analytics tools to varying business needs and enhancing operational efficiencies.

    Support and Maintenance Service is equally significant, as it ensures the seamless operation of software analytics systems, helping organizations to troubleshoot issues and perform necessary updates. This ongoing service is crucial for maintaining the effectiveness and relevance of analytics tools, especially considering the rapid evolution of data analysis technologies. Trends in the South American market are revealing an increasing focus on real-time data processing and analytics, pushing companies to seek professional services that can aid in integrating complex systems.

    Moreover, as industries in South America adapt to digital transformations and cloud technologies, the demand for specialized service offerings is likely to rise. Businesses are being driven by the need to enhance operational performance and customer engagement through better analytics capabilities, which further underscores the importance of comprehensive service support. The interplay between these service offerings ultimately contributes to a robust and dynamic South America Software Analytics Market, positioning organizations to leverage analytics for informed decision-making and an edge over competition.

    Software Analytics Market Deployment Insights

    Software Analytics Market Deployment Insights

    The Deployment segment of the South America Software Analytics Market reflects a critical element in the broader industry landscape, showcasing how businesses in this region harness technology for data analysis and decision-making. The segment includes various forms, notably Cloud and On-Premise deployment strategies. Cloud deployment has gained significant traction due to its scalability, cost-effectiveness, and ability to facilitate real-time analytics, which appeals particularly to small and medium-sized enterprises. This trend aligns with the overall shift towards cloud computing across industries in South America, driven by increasing internet penetration and the demand for flexible IT solutions.

    Conversely, On-Premise deployment remains relevant for organizations focused on data security and regulatory compliance, especially in sensitive sectors such as finance and healthcare. As businesses navigate the nuances of the South America Software Analytics Market segmentation, they are increasingly drawn to hybrid solutions that combine both deployment models, ensuring a balance between security and scalability. Given the evolving market dynamics, these deployment strategies present significant opportunities for growth, driven by the demand for enhanced data insights and analytics capabilities across various industries.

    Software Analytics Market Vertical Insights

    Software Analytics Market Vertical Insights

    The South America Software Analytics Market, with its strong focus on the Vertical segment, encompasses key industries such as IT and Telecommunication, Healthcare, Banking, Financial Services and Insurance (BFSI), and Retail. Each of these sectors plays a crucial role in driving the overall adoption of software analytics solutions. The IT and Telecommunication industry leverages analytics for network optimization and customer experience enhancement, reflecting its significance in a highly competitive market landscape. In Healthcare, the demand for data-driven insights has surged as organizations strive for improved patient outcomes and operational efficiency.

    The BFSI sector harnesses software analytics for risk management, fraud detection, and regulatory compliance, thereby ensuring a secure and reliable financial environment. Retail, on the other hand, utilizes analytics to understand consumer behavior and enhance supply chain management, making it vital for brands to meet changing market demands. Collectively, these sectors represent a dynamic arena within the South America Software Analytics Market, characterized by increasing investment and innovation, driven by the growing importance of data in strategic decision-making processes.

    Get more detailed insights about South America Software Analytics Market

    Regional Insights

    The South America Software Analytics Market is steadily evolving, driven by increasing demand for data-driven insights across various industries. Brazil stands out as a significant player, primarily due to its expansive market size and technological advancements. Mexico follows closely, showcasing a rapid uptake of analytics solutions, especially among small and medium enterprises seeking to enhance operational efficiency. In Argentina, the focus on software analytics is heightening, bolstered by a growing technology sector that prioritizes innovative solutions to improve competitiveness.

    The Rest of South America is also emerging, with various nations recognizing the value of software analytics in strategic decision-making. This regional segmentation highlights a diverse landscape where various economies are harnessing the power of analytics to drive growth, improve customer experiences, and streamline operations. The overall trend points towards an increasingly competitive environment with abundant opportunities for software analytics providers to capture market share and cater to localized demands across South America.

    South America Software Analytics Market Region

    Source: Primary Research, Secondary Research, Market Research Future Database, and Analyst Review

    Key Players and Competitive Insights

    The South America Software Analytics Market has been experiencing a rapid evolution, driven by the increasing demand for data-driven decision-making and insights across various industries. As organizations in the region recognize the value of harnessing data to enhance operational efficiency and competitiveness, several players have emerged, each offering diverse capabilities and technologies tailored to meet the unique needs of South American enterprises. The competitive landscape is characterized by a mix of established companies and innovative newcomers, all vying for market share through the development of advanced tools that empower users to visualize data, perform analytics, and derive actionable insights efficiently. 

    This flourishing environment is underscored by a growing adoption of cloud-based solutions, real-time data analytics, and the integration of artificial intelligence and machine learning into analytics platforms.Qlik has established a notable presence in the South American Software Analytics Market, leveraging its robust platform designed for business intelligence and data visualization. The company is recognized for its associative data model that enables users to explore data freely, offering an intuitive user experience. Qlik’s strengths lie in its extensive range of data connectivity options and advanced analytic capabilities, which empower organizations to turn data into valuable insights efficiently.

    Additionally, Qlik has cultivated strategic partnerships and collaborations with local firms to enhance its market penetration and support services. Its focus on delivering a comprehensive analytics solution tailored to the needs of businesses in South America has positioned it as a significant player in this dynamic market landscape.

    Domo has also made considerable inroads in the South American Software Analytics Market, known for its cloud-based business intelligence platform that facilitates real-time data access and visualization. The company's primary offering encompasses a range of key features that allow organizations to connect disparate data sources, visualize insights, and drive performance through informed decision-making. Domo’s strengths include its ability to provide user-friendly dashboards and its efforts in customization that cater to the unique preferences of South American enterprises.

    The company has been active in seeking mergers and acquisitions to expand its capabilities and presence within the region, often targeting local analytics firms to enhance its service offerings. This strategic approach has not only bolstered Domo's position in the competitive landscape but also facilitated its commitment to delivering innovative solutions that resonate with businesses striving for data-led transformation 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.

    Market Segmentation

    Software Analytics Market Service Outlook

    • Professional Service
    • Support and Maintenance Service

    Software Analytics Market Regional Outlook

    • Brazil
    • Mexico
    • Argentina
    • Rest of South America

    Software Analytics Market Vertical Outlook

    • IT & Telecommunication
    • Healthcare
    • BFSI
    • Retail

    Software Analytics Market Deployment Outlook

    • Cloud
    • On-Premise

    Report Scope

     

    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 607.98(USD Million)
    MARKET SIZE 2024 663.0(USD Million)
    MARKET SIZE 2035 1720.87(USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 9.058% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Million
    KEY COMPANIES PROFILED Qlik, Domo, looker, SAP, SAS, IBM, Oracle, MicroStrategy, TIBCO, Salesforce, Alteryx, Zoho, Tableau, Sisense, Microsoft
    SEGMENTS COVERED Service, Deployment, Vertical, Regional
    KEY MARKET OPPORTUNITIES Growing demand for data-driven insights, Increasing focus on operational efficiency, Expansion of cloud-based analytics solutions, Rising investment in AI and machine learning, Enhanced need for regulatory compliance analytics
    KEY MARKET DYNAMICS Growing data volume, Increasing cloud adoption, Rising demand for insights, Enhanced regulatory compliance, Expanding AI integration
    COUNTRIES COVERED Brazil, Mexico, Argentina, Rest of South America

    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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