South & Central America AI Data Management Market Forecast to 2031
South & Central America AI Data Management Market Forecast to 2031 – Regional Analysis – by Offering (Solution and Service), Deployment (On-premise and Cloud), Technology [Machine Learning, Natural Language Processing (NLP), Computer Vision, and Context Awareness Computing], and Industry Vertical (BFSI, Retail & E-Commerce, IT & Telecom, Healthcare, Government, and Others)
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Description
Rising Adoption of Personalized and Adaptive Systems among Consumers Fuel South & Central America AI Data Management Market
Al-based software enables businesses to examine enormous volumes of data, supporting the development of individualized experiences based on the interests, actions, and previous exchanges of each user. The adoption of machine learning algorithms allows businesses to create adaptable systems that continuously learn from data inputs and customer feedback. With the help of these algorithms, businesses support real-time customization and improvement of experiences. The personalized and adaptive systems have enormous potential in numerous industries such as BFSI, retail & e-commerce, IT & telecom, healthcare, and government & utilities.
For instance, the retail & e-commerce industry uses Al-powered recommendation engines for analyzing customer browsing and purchase history. This helps the companies operating in this industry to provide tailored product recommendations that increase user engagement and boost their revenue. According to the World Economic Forum, AI services in the retail industry are expected to grow from US$ 5.0 billion in 2023 to US$ 31.0 billion by 2028. Al algorithms can dynamically modify information, services, or suggestions based on ongoing analysis of user interactions, ensuring relevance and enhancing user satisfaction. Businesses use AI-based personalized and adaptive systems to view customer’s sensitive information and analyze their specific demands; this feature supports them in fostering stronger customer relationships. Thus, the growing use of AI-based personalized and adaptive systems in the retail industry is expected to create lucrative opportunities for the AI data management market growth during the forecast period.
South & Central America AI Data Management Market Overview
The growth of the South America AI data management market is driven by increasing investment and the growing adoption of AI technology. For instance, according to NTT’s DATA report of 2023, South America registered a 37% AI implementation rate, and nearly 60% of the companies in the region have adopted AI technology in 2022. Moreover, more than 20% of companies have initiated investment in AI technology in 2023, and numerous companies in South America are planning to increase their AI investment by 15%. AI technology supports industries to handle and manage large amounts of customer data appropriately. Thus, the growing adoption of AI data management software and services among industries is fueling the market.
The AI data management market in Brazil is projected to witness strong growth in the future due to the rising adoption of cloud technology among enterprises for streaming business activities. Growing awareness related to the benefits provided by advanced technologies such as AI, ML, and cloud is fueling the market. For instance, Amazon Web Services, Inc. scheduled an event, The AWS Public Sector Symposium BrasÃlia 2024—set to be conducted on May 08, 2024. The event is divided into over 20 breakout sessions on subjects ranging from artificial intelligence and big data analytics to service transformation and talent development. The event aims to help public sector organizations in navigating the increasingly complicated and ever-changing technology world.
South & Central America AI Data Management Market Revenue and Forecast to 2030 (US$ Million)
South & Central America AI Data Management Market Segmentation
The South & Central America AI data management market is categorized into offering, deployment, technology, industry vertical, and country.
Based on offering, the South & Central America AI data management market is bifurcated into solution and service. The solution segment held a larger South & Central America AI data management market share in 2023.
In terms of deployment, the South & Central America AI data management market is segmented into on-premise and cloud. The cloud segment held a larger South & Central America AI data management market share in 2023.
By technology, the South & Central America AI data management market is divided into machine learning, natural language processing (NLP), computer vision, and context awareness computing. The machine learning segment held the largest South & Central America AI data management market share in 2023.
Based on industry vertical, the South & Central America AI data management market is categorized into BFSI, retail & e-commerce, IT & telecom, healthcare, government, and others. The BFSI segment held the largest South & Central America AI data management market share in 2023.
Based on country, the South & Central America AI data management market is categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America AI data management market share in 2023.
Microsoft Corp, Alphabet Inc, Oracle Corp, International Business Machines Corp, Salesforce Inc, SAP SE, Hewlett Packard Enterprise Co, Snowflake Inc, and Amazon com Inc. are some of the leading companies operating in the South & Central America AI data management market.
Summary Info
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According toThe Research Team’ research, the South & Central America AI data management market was valued at US$ 882.07 million in 2023 and is expected to reach US$ 3,537.92 million by 2031, registering a CAGR of 19.0% from 2023 to 2031. Real-time data processing and growing investment in AI technology are among the critical factors attributed to drive the South & Central America AI data management market growth.
Artificial Intelligence (AI) has revolutionized the way businesses operate, particularly in the area of real-time data processing. Organizations are focused on continuously seeking ways to harness the ever-increasing amount of data being generated every second to gain valuable insights and make informed decisions. This makes AI a powerful tool that offers numerous benefits to industries involved with real-time data processing. AI-based software help industries in handling huge volumes of data in real time with speed and efficiency. This allows businesses to make rapid decisions based on up-to-date information. As a result, there is a rise in the demand for real-time data processing in numerous industries such as BFSI, IT & telecom, retail & e-commerce, and healthcare for making important business decisions based on real-time data.
Moreover, the growing demand for real-time data processing tools among industries encourages software companies to develop innovative solutions. For instance, in January 2024, Microsoft Corp launched a new generative AI and data solution for retailers at NRF 2024: Retail’s Big Show. This solution supports retailers in empowering store associates, personalized shopping experiences, unlocking & unifying retail data, and helping brands to reach their audiences more effectively.
Thus, the growing adoption of real-time data processing is anticipated to fuel the AI data management market growth in the coming years.
On the contrary, issues related to availability of high-quality data hamper the growth of South & Central America AI data management market.
Based on offering, the South & Central America AI data management market is bifurcated into solution and service. The solution segment held 82.8% market share in 2023, amassing US$ 730.72 million. It is projected to garner US$ 2,972.92 million by 2031 to register 19.2% CAGR during 2023-2031.
In terms of deployment, the South & Central America AI data management market is segmented into on-premise and cloud. The cloud segment held 70.2% share of South & Central America AI data management market in 2023, amassing US$ 619.16 million. It is anticipated to garner US$ 2,424.84 million by 2031 to expand at 18.6% CAGR during 2023-2031.
By technology, the South & Central America AI data management market is divided into machine learning, natural language processing (NLP), computer vision, and context awareness computing. The machine learning segment held 42.7% share of South & Central America AI data management market in 2023, amassing US$ 376.83 million. It is projected to garner US$ 1,583.37 million by 2031 to expand at 19.7% CAGR from 2023 to 2031.
Based on industry vertical, the South & Central America AI data management market is categorized into BFSI, retail & e-commerce, IT & telecom, healthcare, government, and others. The BFSI segment held 31.9% share of South & Central America AI data management market in 2023, amassing US$ 281.22 million. It is predicted to garner US$ 1,231.75 million by 2031 to expand at 20.3% CAGR between 2023 and 2031.
Based on country, the South & Central America AI data management market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 66.4% share of South & Central America AI data management market in 2023. It was assessed at US$ 585.78 million in 2023 and is likely to hit US$ 2,431.04 million by 2031, registering a CAGR of 19.5% during 2023-2031.
Key players operating in the South & Central America AI data management market are Microsoft Corp, Alphabet Inc, Oracle Corp, International Business Machines Corp, Salesforce Inc, SAP SE, Hewlett Packard Enterprise Co, Snowflake Inc, and Amazon com Inc, among others.
In 2024, International Business Machines Corp provides watsonx AI and data platform to Wipro Limited for launching Wipro Enterprise Artificial Intelligence (AI)-Ready Platform. This new service will allow clients to create their enterprise-level, fully integrated, and customized AI environments. The Wipro Enterprise AI-Ready Platform leverages the IBM watsonx AI and data platform, including watsonx.ai, watsonx.data, and watsonx.governance and AI assistants, to deliver to clients an interoperable service that helps accelerate AI adoption. including watsonx.ai, watsonx.data, and watsonx.governance and AI assistants to launch of Wipro Enterprise Artificial Intelligence (AI)-Ready Platform.
In 2023, Amazon.com, Inc. company and Salesforce announced a significant expansion of their long-standing, global strategic partnership, deepening product integrations across data and artificial intelligence (AI), and, for the first time, offering select Salesforce products on the AWS Marketplace.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the South & Central America AI data management market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the South & Central America AI data management market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America AI Data Management Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain
5. South & Central America AI Data Management Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Advancements in AI and ML-Based Data Management Software
5.1.2 Surge in Partnerships and Acquisitions Among Key Market Players
5.1.3 Expansion of BFSI Industry and Rise in Financial Transactions
5.2 Market Restraints
5.2.1 Issues Related to Availability of High-Quality Data
5.2.2 High Costs Associated with AI Data Management Software
5.3 Market Opportunities
5.3.1 Rising Adoption of Personalized and Adaptive Systems among Consumers
5.3.2 Growing Investment in AI Technology
5.4 Future Trends
5.4.1 Real-time Data Processing
5.5 Impact of Drivers and Restraints:
6. AI Data Management Market – South & Central America Analysis
6.1 South & Central America AI Data Management Market Revenue (US$ Million), 2021-2031
6.2 South & Central America AI Data Management Market Forecast Analysis
7. South & Central America AI Data Management Market Analysis – by Offering
7.1 Solution
7.1.1 Overview
7.1.2 Solution: South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Service
7.2.1 Overview.
7.2.2 Service: South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
8. South & Central America AI Data Management Market Analysis – by Deployment
8.1 On-premise
8.1.1 Overview
8.1.2 On-premise: South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Cloud
8.2.1 Overview
8.2.2 Cloud: South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
9. South & Central America AI Data Management Market Analysis – by Technology
9.1 Machine Learning
9.1.1 Overview
9.1.2 Machine Learning: South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Natural Language Processing (NLP)
9.2.1 Overview
9.2.2 Natural Language Processing (NLP): South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Computer Vision
9.3.1 Overview
9.3.2 Computer Vision: South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
9.4 Context Awareness Computing
9.4.1 Overview
9.4.2 Context Awareness Computing: South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
10. South & Central America AI Data Management Market Analysis – by Industry Vertical
10.1 BFSI
10.1.1 Overview
10.1.2 BFSI: South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
10.2 Retail and E-Commerce
10.2.1 Overview
10.2.2 Retail and E-Commerce: South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
10.3 IT and Telecom
10.3.1 Overview
10.3.2 IT and Telecom: South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
10.4 Healthcare
10.4.1 Overview
10.4.2 Healthcare: South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
10.5 Government
10.5.1 Overview
10.5.2 Government: South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others: South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
11. South & Central America AI Data Management Market – Country Analysis
11.1 South & Central America
11.1.1 South & Central America: AI Data Management Market – Revenue and Forecast Analysis – by Country
11.1.1.1 South & Central America: AI Data Management Market – Revenue and Forecast Analysis – by Country
11.1.1.2 Brazil: AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
11.1.1.2.1 Brazil: AI Data Management Market Breakdown, by Offering
11.1.1.2.2 Brazil: AI Data Management Market Breakdown, by Deployment
11.1.1.2.3 Brazil: AI Data Management Market Breakdown, by Technology
11.1.1.2.4 Brazil: AI Data Management Market Breakdown, by Industry Vertical
11.1.1.3 Argentina: AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
11.1.1.3.1 Argentina: AI Data Management Market Breakdown, by Offering
11.1.1.3.2 Argentina: AI Data Management Market Breakdown, by Deployment
11.1.1.3.3 Argentina: AI Data Management Market Breakdown, by Technology
11.1.1.3.4 Argentina: AI Data Management Market Breakdown, by Industry Vertical
11.1.1.4 Rest of South & Central America: AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
11.1.1.4.1 Rest of South & Central America: AI Data Management Market Breakdown, by Offering
11.1.1.4.2 Rest of South & Central America: AI Data Management Market Breakdown, by Deployment
11.1.1.4.3 Rest of South & Central America: AI Data Management Market Breakdown, by Technology
11.1.1.4.4 Rest of South & Central America: AI Data Management Market Breakdown, by Industry Vertical
12. Competitive Landscape
12.1 Company Positioning & Concentration
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Product Development
14. Company Profiles
14.1 Microsoft Corp
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Alphabet Inc
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Oracle Corp
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 International Business Machines Corp
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Salesforce Inc
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 SAP SE
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Hewlett Packard Enterprise Co
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Snowflake Inc
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Amazon.com Inc
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
15. Appendix
15.1 About The Research Team
Table 1. South & Central America AI Data Management Market Segmentation
Table 2. List of Vendors
Table 3. South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million) – by Offering
Table 5. South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million) – by Deployment
Table 6. South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 7. South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million) – by Industry Vertical
Table 8. South & Central America: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 9. Brazil: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Offering
Table 10. Brazil: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 11. Brazil: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 12. Brazil: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 13. Argentina: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Offering
Table 14. Argentina: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 15. Argentina: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 16. Argentina: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 17. Rest of South & Central America: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Offering
Table 18. Rest of South & Central America: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 19. Rest of South & Central America: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 20. Rest of South & Central America: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Figure 1. South & Central America AI Data Management Market Segmentation, by Country
Figure 2. Ecosystem: South & Central America AI data management market
Figure 3. South & Central America AI Data Management Market – Key Market Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. South & Central America AI Data Management Market Revenue (US$ Million), 2021-2031
Figure 6. South & Central America AI Data Management Market Share (%) – by Offering (2023 and 2031)
Figure 7. Solution: South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Service: South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. South & Central America AI Data Management Market Share (%) – by Deployment (2023 and 2031)
Figure 10. On-premise: South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Cloud: South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. South & Central America AI Data Management Market Share (%) – by Technology (2023 and 2031)
Figure 13. Machine Learning: South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Natural Language Processing (NLP): South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. Computer Vision: South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Context Awareness Computing: South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. South & Central America AI Data Management Market Share (%) – by Industry Vertical (2023 and 2031)
Figure 18. BFSI: South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. Retail and E-Commerce: South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. IT and Telecom: South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 21. Healthcare: South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 22. Government: South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 23. Others: South & Central America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 24. South & Central America: AI Data Management Market Revenue, by Key Countries, (2023) (US$ Mn)
Figure 25. South & Central America: AI Data Management Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 26. Brazil: AI Data Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 27. Argentina: AI Data Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 28. Rest of South & Central America: AI Data Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 29. Company Positioning & Concentration
The List of Companies – South & Central America AI Data Management Market
o Microsoft Corp
o Alphabet Inc
o Oracle Corp
o International Business Machines Corp
o Salesforce Inc
o SAP SE
o Hewlett Packard Enterprise Co
o Snowflake Inc
o Amazon.com Inc
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