--- title: "Mexico's AI Market: 965% Growth From 2018 to 2024 | SUMāTO" description: Mexico's AI companies grew 965% between 2018 and 2024. The numbers, the sectors where it is already real, and the gaps that remain. 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[Inteligencia Artificial](https://sumatogroup.com/en/insights/tag/inteligencia-artificial) # Mexico and Artificial Intelligence: An Ecosystem Growing in Earnest [Andrés Lozada](https://sumatogroup.com/en/insights/author/andres-lozada) · Aug 18, 2026, 7:00:00 AM · 6 min read If I had to pick a single Latin American market to watch closely over the next two or three years in [artificial intelligence](https://sumatogroup.com/en/artificial-intelligence), I would choose Mexico. Not because it is the most mature in terms of public policy—Brazil and Chile hold the edge there—but because the combination of factors converging right now is hard to ignore. There is ecosystem growth, investment is beginning to take shape, talent is developing, and the country holds a geographic and economic position that gives it a window other markets in the region simply do not have. The challenge is that this window will not stay open indefinitely. ## The numbers behind the story Between 2018 and 2024, the number of companies dedicated to [artificial intelligence](https://sumatogroup.com/en/artificial-intelligence) in Mexico grew by **965%**. That is not a typo. It went from virtually zero to **362 AI companies**, generating more than **11,000 jobs** and attracting over **$500 million in investment**, according to the study "La era de la IA en México" by Endeavor México and Santander México. In terms of direct AI investment, Mexico closed 2024 with roughly **$100 million**, with 2025 projections exceeding **$450 million**. AI accounted for **34% of the investment rounds** closed in Latin America during 2024 (LAVCA), and Mexico carries significant weight in that figure. Mexico City has established itself as one of the most active hubs in the ecosystem: events like AI Fest have brought together players such as Google, NVIDIA, and HubSpot with founders and investors from across the region. In the context of the ILIA 2025 index, Mexico appears with **51.40 points in the adopters category**. It is not a leadership position, but it is the position of a market that has the conditions to advance—and is beginning to use them. ## Why Mexico holds a differentiated position **Nearshoring:** The relocation of manufacturing is creating genuine demand for intelligent [automation](https://sumatogroup.com/en/automation-rpa). The plants being installed today in Nuevo León, Guanajuato, Jalisco, or Baja California need operational efficiency from day one, and AI—in logistics, quality control, predictive maintenance—is part of that equation from the outset. **Market scale:** With more than 130 million people and one of the world's 15 largest economies, Mexico has enough scale for AI-based business models to be viable without needing to leave the domestic market immediately. That lowers the barrier to entry for new ventures. **Proximity to the United States:** This is no small thing. Many Latin American technology companies seeking access to the North American market see Mexico as the most natural combination of cultural proximity, compatible time zone, and logistics infrastructure. **Talent in the pipeline:** More than **40 institutions** in Mexico now offer formal programs in AI, data science, and [automation](https://sumatogroup.com/en/automation-rpa)—from UNAM and IPN to Tecnológico de Monterrey and the Universidad Iberoamericana. Demand for AI specialists is set to grow at least **30%** over the next two years, and the educational supply is responding. ## The sectors where something real is already happening The **financial sector** is the most advanced. Banks, fintechs, and insurers are using AI for fraud detection, product personalization, and credit risk analysis. Fintechs, more agile by nature, have in many cases integrated it from the start. **Retail and e-commerce** also show results: recommendation personalization, inventory optimization, and demand forecasting where transaction volume is large enough to feed the models. **Manufacturing**—powered by nearshoring—is incorporating AI into predictive maintenance, computer vision for quality control, and production-line optimization. The trend will accelerate as more new facilities are designed with these capabilities from the ground up. ## The challenges we should not downplay **Public policy on AI** is still developing. The National [Artificial Intelligence](https://sumatogroup.com/en/artificial-intelligence) Agenda (ANIA) exists, but there is no consolidated national strategy with clear targets, allocated budget, and monitoring mechanisms. Compared with Chile or Brazil, Mexico has work to do at the institutional level. The **geographic concentration** of the ecosystem is another factor. The vast majority of AI companies and technical talent are in Mexico City. The rest of the country faces a significant digital divide. And the **fragmentation of the business landscape** matters: Mexico has millions of micro and small enterprises that, by scale and resources, are far from being able to adopt AI on their own. ## A medium-term perspective Mexico has what it takes to become the reference AI market in Latin America. **58% of Mexicans** perceive AI's impact on society as positive (Endeavor México / Santander 2024)—a favorable cultural foundation that not every market has. What it takes to capitalize on that position is consistency: in public policy, in investment in training, in developing data infrastructure, and in companies' willingness to move from experimentation to serious implementation. The window is open. It is worth using. *Sources: Endeavor México / Santander México (La era de la IA en México, 2024), LAVCA 2024, ECLAC / CENIA (ILIA 2025), konfia.ai, Microsoft LATAM, Gartner, IDC.* — **Andrés Lozada** Executive Director, SUMāTO Group · Cloud · Infrastructure · Cybersecurity · Digital Transformation [linkedin.com/in/andreslozada/](https://www.linkedin.com/in/andreslozada/) ### Keep exploring - [Artificial Intelligence](https://sumatogroup.com/inteligencia-artificial) - [Enterprise Architecture](https://sumatogroup.com/arquitectura-empresarial) - Want to see this in your operation? [Schedule an assessment](https://sumatogroup.com/contacto). ## Frequently asked questions ### How large is Mexico's AI ecosystem? Between 2018 and 2024 the number of companies dedicated to artificial intelligence grew by 965%, reaching 362 companies that generate more than 11,000 jobs and have attracted over 500 million dollars in investment, according to the study by Endeavor Mexico and Santander Mexico. ### Why does Mexico hold a differentiated position in Latin America? Because of four converging factors: nearshoring, which creates real demand for intelligent automation in the new plants; a market of more than 130 million people; cultural, time-zone and logistical proximity to the United States; and more than 40 institutions already offering formal programmes in AI and data science. ### In which Mexican sectors is artificial intelligence already applied? Financial services is the most advanced, with fraud detection, product personalization and credit risk analysis. Retail and e-commerce follow — recommendations, inventory and demand forecasting — along with manufacturing driven by nearshoring, with predictive maintenance and computer vision for quality control. ### What are the main challenges for the Mexican ecosystem? Public policy is still developing: the National Artificial Intelligence Agenda exists, but a consolidated strategy with targets, budget and follow-up is missing. Added to that are the concentration of the ecosystem in Mexico City and the distance separating millions of micro and small businesses from autonomous adoption. Next step Does your architecture support the strategy, or slow it down? [Technology Strategy Assessment →](https://sumatogroup.com/en/technology-strategy-assessment) [Inteligencia Artificial](https://sumatogroup.com/en/insights/tag/inteligencia-artificial), [Estrategia y Arquitectura](https://sumatogroup.com/en/insights/tag/estrategia-y-arquitectura) ![Andrés Lozada](https://sumatogroup.com/hs-fs/hubfs/SPEAKERS/AL.jpeg?width=56&height=56&name=AL.jpeg) Andrés Lozada Aug 18, 2026, 7:00:00 AM [LinkedIn](https://www.linkedin.com/in/andreslozada/) ### Explore more from SUMāTO [Enterprise AI](https://sumatogroup.com/en/artificial-intelligence) [Enterprise Transformation](https://sumatogroup.com/en/enterprise-transformation) [Strategic Consulting](https://sumatogroup.com/en/strategic-consulting) [AI Agent](https://sumatogroup.com/en/artificial-intelligence) [AI Contact Center](https://sumatogroup.com/en/artificial-intelligence) [Cybersecurity](https://sumatogroup.com/en/cybersecurity) ### Related Posts #### [2018 IT Trends: The CIO's Agenda](https://sumatogroup.com/en/insights/blog/tendencias-ti-2018) Every December I repeat the same exercise with my team: we close out the year's projects, look at what we promised in January and ask ourselves what... #### [IT trends 2026: the board's agenda for the year ahead](https://sumatogroup.com/en/insights/blog/tendencias-ti-2026) December arrives with the pressure of closing out the year and, almost in the same breath, of committing the investment agenda for 2026. After two... #### [2020 IT Trends: The CIO's Agenda](https://sumatogroup.com/en/insights/blog/tendencias-ti-2020) With only a few weeks left to close out the decade, the board of any organization in LATAM faces the same question: which technologies are worth... ![SUMāTO](https://sumatogroup.com/hs-fs/hubfs/BRANDING/SUM%C4%81TO%20%7C%20LOGO%201000x500.png?width=200&height=100&name=SUM%C4%81TO%20%7C%20LOGO%201000x500.png) Strategic technology planning consultants. 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