Press release
Latin America Artificial Intelligence Market to Reach USD 30.20 Billion by 2033
Market Size in 2024: USD 4.71 Billion
Market Forecast in 2033: USD 30.20 Billion
Market Growth Rate (2025-2033): 22.9% CAGR
The Latin America artificial intelligence market size was valued at USD 4.71 Billion in 2024, according to a new report by IMARC Group. Looking forward, the market is projected to reach USD 30.20 Billion by 2033, expanding at a CAGR of 22.9% during 2025-2033.
Latin America Artificial Intelligence Market Trends and Drivers:
The market is really picking up speed! Digital transformation is accelerating across various industries in Latin America, and it's easy to see why. More companies in sectors like retail, banking, healthcare, and logistics are turning to AI tools. Their goal? To enhance operations, tailor customer experiences, and automate everyday tasks. Plus, with more people in the region getting online and using mobile devices, the demand for smart digital solutions is on the rise.
Government Support and Policy Initiatives
Countries such as Brazil, Mexico, and Colombia are stepping up by crafting their own national AI strategies. They're pouring resources into AI research, building partnerships between the public and private sectors, and enhancing their infrastructure. The public sector is seeing a surge in demand for AI, particularly in key areas like education, transportation, and public safety.
Expansion of AI in Healthcare and Fintech
Healthcare providers across Latin America are embracing AI tools to enhance their services. This includes everything from diagnostic tools and virtual assistants to predictive analytics, all aimed at elevating patient care and streamlining medical services. Meanwhile, the booming fintech sector is also leveraging AI for a variety of tasks, such as fraud detection, credit scoring, chatbots, and risk assessment. These innovations are not only improving financial inclusion but also making digital banking services more efficient.
Proliferation of Cloud-Based AI Solutions
Cloud computing is becoming increasingly accessible and budget-friendly. This shift allows small and medium-sized enterprises (SMEs) to tap into AI applications without the burden of hefty infrastructure costs. With cloud-based platforms, businesses can access scalable AI services, including natural language processing (NLP), computer vision, and machine learning-as-a-service. This opens the door for companies in Latin America to leverage cutting-edge technologies without breaking the bank.
Latin America Artificial Intelligence Market News
• In May 2025, Microsoft announced the expansion of its Azure AI cloud services in Brazil and Chile, aiming to support local enterprises with scalable AI infrastructure.
• Nubank, one of Latin America's leading digital banks, launched a new AI-based virtual financial advisor in 2024, enhancing customer engagement through personalized insights.
• In 2024, Mercado Libre integrated AI-driven recommendation engines and fraud prevention models across its logistics and e-commerce operations to boost efficiency and trust.
For an in-depth analysis, you can refer sample copy of the report:
https://www.imarcgroup.com/latin-america-artificial-intelligence-market/requestsample
Latin America Artificial Intelligence Market Segmentation:
Analysis by Type:
• Narrow/Weak Artificial Intelligence
• General/Strong Artificial Intelligence
Analysis by Offering:
• Hardware
• Software
• Services
Analysis by Technology:
• Machine Learning
• Natural Language Processing
• Context-Aware Computing
• Computer Vision
• Others
Analysis by System:
• Intelligence Systems
• Decision Support Processing
• Hybrid Systems
• Fuzzy Systems
Analysis by End-Use Industry:
• Healthcare
• Manufacturing
• Automotive
• Agriculture
• Retail
• Security
• Human Resources
• Marketing
• Financial Services
• Transportation and Logistics
• Others
Country Analysis:
• Brazil
• Mexico
• Argentina
• Colombia
• Chile
• Peru
• Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Explore the Full Report with Charts, Table of Contents, and List of Figures
https://www.imarcgroup.com/request?type=report&id=3952&flag=C
Key Highlights of the Report:
• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it as a part of the customization.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-201971-6302
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Latin America Artificial Intelligence Market to Reach USD 30.20 Billion by 2033 here
News-ID: 4169277 • Views: …
More Releases from IMARC Group
Global Luxury Cosmetics Market Set for Remarkable Growth with Rising Demand for …
The global luxury cosmetics market reached a valuation of USD 54.9 billion in 2024, reflecting strong momentum across beauty and skincare categories. Growth in this sector is driven by rising disposable incomes, particularly in emerging economies, and an increasing preference for premium beauty products that emphasize exclusivity and superior quality. Additionally, social media engagement and digital influence have reshaped consumer choices, motivating buyers to explore luxury cosmetic brands and high-end…
Global E-Invoicing Market Set for Robust Expansion Driven by Digital Transformat …
Market Overview
The global e-invoicing market was valued at USD 15.9 billion in 2024 and is projected to reach USD 68.7 billion by 2033, expanding at a CAGR of 16.8% during 2025-2033. This strong growth is driven by the rapid rise of e-commerce, acceleration of digital transformation across industries, advancements in cloud-based platforms, and increasing government regulations that promote financial transparency and sustainable practices. With automation and digital invoicing becoming standard…
Global Governance, Risk and Compliance Platform Market Set for Robust Growth Dri …
Governance, Risk, and Compliance Platform Market Overview
The global governance, risk, and compliance platform market was valued at USD 49.2 billion in 2024 and is projected to surge to USD 127.7 billion by 2033, advancing at a CAGR of 11.18%. This robust growth is driven by rapid regulatory changes, rising cybersecurity risks, and the widespread adoption of hybrid and remote work models.
Organizations are increasingly adopting advanced GRC platforms powered by cloud…
Barley Prices July 2025 - Trend, Chart, Index & Forecast
North America Barley Prices Movement Q3 July 2025:
In July 2025, barley prices in North America were recorded at 1.05 USD/KG, reflecting a 1.0% decline. The downward movement was driven by ample domestic supply and favourable harvest conditions. Slower export demand and competitive global pricing added pressure, while transportation and storage costs remained relatively stable across the region.
Regional Analysis: The price analysis can be extended to provide detailed EPDM Rubber price…
More Releases for Latin
Latin America Smart Packaging Market
The research report "Latin America Smart Packaging Market: By Technology Type ((Modified Atmosphere Packaging (MAP), Active Packaging, Intelligent Packaging (IP)), End User Type (Food & Beverages, Personal Care, Healthcare, Automotive), and Geography- Global/Region/Country Forecast to 2028. Latin America smart packaging market is anticipated to grow at a CAGR rate of x% during the forthcoming years 2022-2028.
View the detailed report description here - https://precisionbusinessinsights.com/market-reports/latin-america-smart-packaging-market/
Changes in lifestyle patterns foster the…
Latin America Energy Drinks Market
El nuevo estudio de Informes de Expertos titulado 'Mercado Latinoamericano de Bebidas Energizantes, Informe y Pronostico 2022-2027′, presenta una evaluacion exhaustiva del mercado, analizandolo segun el tipo de producto, canal de distribucion y las regiones importantes. La investigacion rastrea las tendencias mas recientes en el mercado y examina sus efectos sobre los principales factores de exito y restricciones. Ademas, evalua la dinamica del mercado y realiza analisis FODA y Cinco…
Latin America Electroceuticals Market
Latin America registers the significant growth of the electroceutical market during the forecast period especially in the countries including Brazil, Mexico among others, attributing to various driving factors. The growing prevalence of ischemic heart disease, age-related and other hearing loss, and epilepsy is creating demand for electroceuticals, thereby, anticipated to drive the growth of electroceuticals market in Latin America. As per the Institute for Health Metrics and Evaluation, in…
A Game Changer for Latin America? Shale Experts Analyse the Future of Unconventi …
Shale experts recently gathered in Buenos Aires to examine the potential impact of shale oil and gas resources in the Latin America region and globally. The CWC Summit was hosted in partnership with YPF and Y-TEC, and delegations in attendance included Chevron, Shell, Total, Schlumberger, Emerson and Halliburton, amongst others.
The welcoming address was delivered by Gonzalo Lopez Nardone, head of institutional relations for YPF and the opening address was given…
Successful launch for DISTREE Latin America
SAO PAULO, PARIS, LONDON, DUBAI, and MOSCOW – The inaugural DISTREE Latin America took place earlier this month at the Sofitel Jequitimar Hotel in Sao Paulo State, Brazil. More than 300 delegates attended DISTREE Latin America 2011, including representatives from approximately 50 vendors looking to launch, build or manage channels within the region.
“It is always an exciting moment to launch a new DISTREE event in a dynamic market such…
Latin America Oil & Gas Potential
Produced by The CWC Group, Latin American Oil and Gas Conference takes place on 25 – 27 October 2011, Mandarin Oriental Hotel, Miami, U.S.A. Organisers confirmed that the strategic conference will feature advanced insights from important organisations in the region alongside NOC’s showcases from Brazil, Mexico, Colombia, Trinidad & Tobago, Venezuela, Uruguay and Bolivia. Content centres on the development of the Latin America’s resources, the impact of shale…
