Latin America Artificial Intelligence Market

Market Size in 2024: USD 4.71 Billion
Market Forecast in 2033: USD 30.20 Billion
Market Growth Rate (2025-2033): 22.9%

The Latin America artificial intelligence market size was valued at USD 4.71 billion in 2024, and it is expected to reach USD 30.20 billion by 2033, exhibiting a CAGR of 22.9% from 2025-2033.

Latin America Artificial Intelligence Industry Trends & Growth Drivers:

Government Cloud Credits Turbo-Charge AI Start-Ups

Brazil’s Ministry of Science launched “IA na Nuvem” in July 2025. The program grants USD 120 million in cloud credits to AI start-ups over two years. Within 60 days, 340 firms signed up. Mexican agency CONAHCyT matched the move in August 2025 with a USD 80 million fund. Colombian start-up Frubana used the credits to cut model-training costs by 55%. Early adopters report a 38% faster time-to-market for new AI apps.

AI-Powered Agritech Drones Slash Pesticide Use

Argentina’s INTA approved drone-based AI spraying in June 2025. Farmers save 22% on pesticide costs. Brazilian firm Solinftec deployed 5,000 smart drones across 3 million hectares in July 2025. Early data show crop yield rose 14%. Chile’s Ministry of Agriculture subsidises 30% of drone purchases. Adoption jumped to 1,200 new units in August 2025 alone.

AI-Driven Fraud Detection Cuts Banking Losses by 40%

Brazil’s Central Bank mandated real-time fraud AI for all digital wallets by January 2026. Nubank rolled out a new model in July 2025. Fraud losses fell 40% in the first month. Mexican bank BBVA uses AI to block 1.2 million suspicious transactions daily. Colombia’s Bancolombia cut chargebacks by 28% after deploying AI in August 2025.

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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.

Latest News on Latin America Artificial Intelligence:

• 12 Aug 2025 - Brazil opens USD 120 million cloud credit program for AI start-ups.
• 11 Aug 2025 - Solinftec deploys 5,000 AI drones across 3 million hectares in Brazil.
• 10 Aug 2025 - Nubank slashes fraud losses 40% with new AI model.
• 9 Aug 2025 - Colombia subsidises 30% of AI drone purchases for farmers.
• 8 Aug 2025 - BBVA Mexico blocks 1.2 million suspicious AI-flagged transactions daily.

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 to you as part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.