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IT Services Market Overview: Latin America

By Kevin Postigo | June 25, 2021

Executive Summary

Over the course of the last decade, the emergence of the Latin American technology market has been a driver for economic growth in the region. The technology sector was further bolstered by the challenges COVID-19 created for businesses including remote work, communication, cash management, digital marketplaces, and cybersecurity solutions. Within the IT Services ecosystem, the LATAM region has risen to the forefront as a leading outsourced services provider of digital transformation capabilities. As business and technology strategies become even more intertwined, many business leaders are finding that the technology choices of the past are now limiting the business strategies of the future.

IT service companies in Latin America have been a stand-out choice for any company looking to outsource and grow their software development platforms. The advantages Latin American firms enjoy are their geographic location, highly skilled engineers, inexpensive labor force relative to their developed-economy counterparts, and agile delivery methodologies.

IT Services – LATAM Positioning

Top IT Outsourcing Countries in LATAM
Costa Rica
LATAM Sectorwatch

7MA At A Glance

7 Mile Advisors

7 Mile Advisors provides Investment Banking & Advisory Services to the Business Services & Technology industries globally. 7 Mile Advisors advises on M&A and private capital transactions, and provides market assessments and benchmarking. As a close-knit team with a long history together and a laser focus on our target markets, 7 Mile Advisors helps its clients sell companies, raise capital, grow through acquisitions, and evaluate new markets. For more information, including research on the M&A markets, visit

M&A Advisory Focused on Technology
Recent Deals in LATAM

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LATAM Coverage Team

Leroy Davis, Partner | | +1 704.899.5962

Horacio Yenaropulos, Managing Director | | +54 9261.6793534

Kevin Postigo, Analyst | | +1 704.912.4903

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