The Chile software market is projected to grow at a CAGR of 13.10% between 2025 and 2034, aided by the rapid digitalisation of financial infrastructure in the country.
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The IT industry represents 2.5% of Chile’s GDP.
Nearly 40%-45% of IT professionals in Chile have years of experience in software development.
Nearly 5,000 students graduate with a specialisation in ICT from Chilean universities annually.
The Chilean government incentivises companies which make investments in the research and development of new software technologies in the country. Law No. 20.570 significantly reduces the corporate tax bills for multiple companies, by providing a tax credit of nearly 35% on the investment amount. Moreover, it enables companies to claim deductions on the remaining 65% of their investment and gain a bonus of up to $1 million, thereby making investments in software development an extremely lucrative opportunity.
As per the Latin American Artificial Intelligence Index, Chile is a regional leader in South America for AI development. Nearly 70% of all local companies use AI tools for process automation and making data-driven decisions. Under the Chile 2035 programme, the government aims to expand the coverage of public sector digitisation, infrastructure and security. It also advocates for digital rights to remain a leading player in software development regionally. In 2023, the Chilean government increased the budgetary allocation for public sector digitisation by 64%. This is expected to accelerate the government’s transition to a 100% digital provider of citizen services by 2035, 86% of which was already accomplished in 2022.
Nearshoring of software development; thriving start-up scene; strong education system; and increasing investments in cloud technology are the major trends impacting the Chile software market growth.
Major North American software companies are investing in expanding their technological capacities in Chile to fuel their business growth.
As per the Global Startup Ecosystem Index, Chile is the second most favourable country for startups in Latin America with a presence of over 122 new data centre startups.
Chile has 5 of the thirty leading universities for STEM education in Latin America, including Universidad de Chile, Pontificia Universidad Católica de Chile, and Universidad Técnica Federico Santa Maria, among others.
There is a rising investment in cloud technology in the country, which can be attributed to its flexibility and scalability to enable businesses to cut costs and drive business transformation.
Chile has over 61,000 ICT professionals and is only 2 hours ahead of major American cities such as New York and Boston. Nearly 75% of American companies are seeking to outsource IT operations from Chile to reduce expenditure on labour costs by 65% each. An average front-end software developer in Chile is paid nearly $38,000, which makes it substantially cost-effective for Americans to outsource software development to them. Chile also has a vibrant tech ecosystem, with regions such as Santiago, Valparaíso, and Concepción emerging as the leading areas for innovation. This is expected to sustain the market growth over the forecast period.
Chile Software Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type:
Market Breakup by Deployment:
Market Breakup by Organisation Size:
Market Breakup by Industry Vertical:
Based on organisation size, the market is segmented into small and medium enterprises and large enterprises. Over the forecast period of 2025-2034, small and medium enterprises are estimated to grow at a CAGR of 14.4%, due to the increasing government encouragement for entrepreneurship and technological innovation.
Major software companies in Chile are expected to invest in research and development of innovative technologies for accelerating the industrial adoption of system infrastructure software and development and deployment software.
The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 13.10% between 2025 and 2034.
The different forms of software in the market include application software, system infrastructure software, development and deployment software, and productivity software.
The different modes of deployment of software are cloud and on-premises.
The different organisation sizes in the market are small and medium enterprises and large enterprises.
The different industry verticals covered in the market report are BFSI, retail, healthcare, government, and IT and telecom, among others.
The key players in the market are Microsoft Corp., Oracle Corp., Cisco Systems, Inc., Adobe Inc., and SAP SE, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment
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| Breakup by Type |
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| Breakup by Deployment |
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| Breakup by Organisation Size |
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| Breakup by Industry Vertical |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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