South America Workplace Services Market

Market Introduction

The workplace services market in SAM is further segmented into Brazil and Argentina. Despite many economic challenges, favorable government initiatives would help the region’s economies to grow at a reasonable pace during the forecast period. The region has the highest urbanization rate globally owing to government initiatives to support industrial growth. Moreover, the governments of other emerging economies in the region are taking several initiatives to support growth of the technological sector. For instance, Argentina is concentrating on attracting FDI by taking several initiatives, such as easing import restrictions, signing international bilateral agreements, and allowing foreign investments without any restrictions. Such initiatives are expected to help in the development of businesses in South America. Also, rising significance of enterprise mobility is the major factor driving the growth of the SAM workplace services market.

The presence of various developing countries in SAM makes this region one of the key markets for the future growth of the workplace services market. The growing population, rising disposable income, high demand for advanced technologies, and huge focus on digital transformation are some of the key factors expected to drive the growth of the workplace services market in SAM. The high number of confirmed cases and deaths due to COVID-19 in major SAM countries such as Brazil, Peru, Chile, Ecuador, and Argentina have affected the region in 2020. Subsequent to the coronavirus epidemic, IT and software businesses have received a lift in several countries of SAM since digital acceleration, and the need for remote work has accelerated the market growth even in the pandemic. Thus, the workplace services market is not majorly affected during the pandemic.

Market Overview and Dynamics

The workplace services market in SAM, is expected to reach US$ 7680.59 million by 2028 from US$ 3365.00 million in 2021. The market is estimated to grow at a CAGR of 12.5% from 2021 to 2028. In developing countries, SMEs hold a dominant share of the private sector and account for ~50% of jobs in their respective countries. Besides their positive employment effects, the growth and vibrancy of these firms are also crucial for wider economic growth, diversification of economic base, and as a source of innovation that is exhibited by some of the start-ups.. Increasing number of SMEs in the region is anticipated to promote the procurement of workplace services to allow them to achieve business goals. With the implementation of digitalization and increase in incorporation of advanced solutions with social media, big data, and mobile devices, SMEs are increasingly opting for digital workplace services to optimize their business process model and surge their revenue. SMEs are making substantial investments in strategic marketing techniques to maintain their positions in highly competitive markets. They are rapidly adopting digital workplace services by leveraging other advanced technologies, such as mobile platforms and radio-frequency identification. Thus, with the swift growth of SMEs in developing countries, the demand for workplace services is anticipated to surge during the forecast period.

Key Market Segments

The SAM workplace services market is categorized into service type, organization size, vertical, and country. Based on services type, the market is segmented into end-user outsourcing services and tech support services core. In 2020, the end-user outsourcing services segment held the largest share SAM workplace market. Based on organization type, the workplace services market is divided into small and medium-sized enterprises (SMEs) and large enterprises. SMEs segment is expected to the fastest growing segment over the forecast period. On the basis of vertical, the market is segmented into media and entertainment, BFSI, consumer goods and retail, manufacturing, healthcare and life sciences, education, telecom- IT and ITES, energy and utilities, government and public sector, and others. The Telecom-IT and ITES segment accounts for largest market share in the 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the workplace services market in SAM are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Accenture, Atos SE, Cognizant, Fujitsu Limited, HCL Technologies, IBM Corporation, NTT DATA Corporation, Tata Consultancy Services Limited, Unisys Corporation, and Wipro Limited among others.

Reasons to buy report

• To understand the SAM workplace services market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for SAM workplace services market
• Efficiently plan M&A and partnership deals in SAM workplace services market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form SAM workplace services market
• Obtain market revenue forecast for market by various segments from 2021-2028 in SAM region.

SAM WORKPLACE SERVICES MARKET SEGMENTATION

SAM Workplace Services Market -By Service Type

• End-User Outsourcing Services
• Tech Support Services

SAM Workplace Services Market -By Organization Size

• SMEs
• Large Enterprises

SAM Workplace Services Market -By Industrial Vertical

• Telecom-IT and ITES
• BFSI
• Manufacturing
• Consumer Goods and Retail
• Healthcare and Life Science
• Government and Public Sector
• Energy and Utilities
• Media and Entertainment
• Education
• Others

SAM Workplace Services Market -By Country

• Brazil
• Argentina
• Rest of SAM

SAM Workplace Services Market -Company Profiles

•  Accenture
• Atos SE
• Cognizant
• Fujitsu Limited
• HCL Technologies
• IBM Corporation
• NTT DATA Corporation
• Tata Consultancy Services Limited
• Unisys Corporation
• Wipro Limited  

South America Workplace Services Market Strategic Insights

South America Workplace ServicesMarket Report Highlights

South America Workplace Services Market Country and Regional Insights