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billion, with projections indicating a 5% annual growth until 2027, primarily driven by enterprise software development requirements. Nearshoring Preferences: North American companies increasingly favor nearshore outsourcing in Latin America to facilitate collaboration in similar time zones. billion and continues to expand.
7 billion by 2027. 7 billion by 2027. Implementation of IFRS 17 would require much stricter reporting and stricter standards, which is likely to increase operationalcosts for financial institutions The Middle East and North Africa (MENA) region is seeing growing regulatory support for open banking and digital payments.
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