IT Market in Chile to grow by USD 3,855.69 million from 2022 to 2027|Increasing digitalization in Chile boosts the market growth - Technavio

NEW YORK, July 24, 2023 /PRNewswire/ -- The Chile IT market report has been added to Technavio's offering. The Chile IT market size is estimated to grow by USD 3,855.69 million from 2022 to 2027, growing at a CAGR of 8.55%.  For Comprehensive details on the market size of historic period(2017 to 2021) and forecast period (2023-2027) - View the Sample report

IT Market In Chile - Vendor Landscape
The IT market in Chile is fragmented; the vendors are competing with competitors and are trying to get a greater market share. The market is growing, and chances of new entrants cannot be overlooked. The major vendors have well-established economies of scale and market presence and generally rely on positioning technological advances, and the price of the products -The report provides a full list of key vendors, their strategies, and the latest developments. Buy Now

IT Market In Chile - Market Dynamics

Major Drivers & Challenges- 

Rising digitalization in Chile drives the Chile information technology (IT) market growth during the forecast period. There is a significant rise in digital transformation in Chile due to  COVID, which has resulted in an increase in e-learning, streaming, online shopping and marketing, and working from home. Even though there are adoption barriers and transition costs associated with digital transformation, it has the potential to enhance productivity and inclusiveness. Several measures are undertaken in Chile, which are mainly focused on small and medium-sized enterprises, including developing funding sources or specific programs to promote digital tools, and make them accessible and easy to use, thereby enhancing productivity. Hence, such factors are expected to drive the information technology (IT) market growth in Chile during the forecast period.

Data privacy and security risk in cloud-based services are major challenges hindering the Chile information technology (IT) market growth during the forecast period.  One of the main factors which hinder the adoption of enterprise cloud across various industries is the privacy and security risks. It has become a difficult task for providers to maintain online data in the cloud. One of the main reasons is that public clouds are multi-tenant, which can impact various applications running in the cloud environment. As most of the cloud-based architectures are built on open architecture and shared resources, it makes these platforms vulnerable to cyber attacks. There has been a significant increase in cybersecurity threats against various Chilean organizations, which is caused due to the rise in adoption of cloud base services. Furthermore, cloud services vendors are forced to adhere to stringent regulations and guidelines related to cloud security controls. Hence, such factors are expected to hinder the Chile information technology (IT) market growth during the forecast period.

Key Trends-

The emergence of AI is a primary trend influencing Chile IT market growth. There has been an increase in the integration of AI by several Chilean companies to develop and use data from IT services. The main advantage of the integration of AI into information services is that it facilitates the automation of multiple processes and enhances process efficiency. Additionally, it reduces the paper touch points in companies and thereby increases the overall profit (ROI) of the company. Some of the key advantages of the integration of AI in information services are applying structure to unstructured data, streamlining information, improving information security, and enhancing data quality. Hence, such integration of AI is expected to positively impact the market, which in turn will drive the IT market in Chile during the forecast period.

Technavio has identified key trends, drivers, and challenges in the market, which will help clients improve their strategies to stay ahead of their competitors. - View Sample Report

Company Profiles

The it market in Chile report includes information on the product launches, sustainability, and prospects of leading vendors, including Accenture Plc, ADEXUS S.A, Alphabet Inc., Amisoft, Atos SE, Cisco Systems Inc., Dassault Systemes SE, Deloitte Touche Tohmatsu Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Infosys Ltd., International Business Machines Corp., Microsoft Corp., NetApp Inc., Oracle Corp., SAP SE, Schneider Electric SE, SONDA S.A., Tata Consultancy Services Ltd., and Verizon Communications Inc.

Competitive Analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others.

IT Market In Chile - Market Segmentation

The IT market in Chile is analyzed in terms of type (services, hardware, and software) and end-user(BFSI, IT and telecom, government, healthcare, and manufacturing and others).

• The market share growth by the services segment segment is significant during the forecast period. IT services mainly comprises a variety of offering including consulting, education and training, development and integration, hardware maintenance and support, IT management, process management, and software support. Some of the key services which are significantly contributing to the market growth include consulting and software maintenance and support services. There is an increasing focus on the development of improved business delivery systems and cost-effective models due to the rising demand for IT services in the Chilean end-user sector. Hence, such factors are expected to drive the IT market in Chile during the forecast period.

Gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Related Reports:

The server storage area network SAN market size is estimated to grow at a CAGR of 24.35% between 2022 and 2027. The market size is forecast to increase by USD 49.15 billion. This server SAN market report extensively covers market segmentation by type (hyper-scale and enterprise), end-user (large and SMEs), and geography (North America, APAC, Europe, South America, and Middle East and Africa). The growing usage of e-commerce websites and expanding IT Sector are driving growth in the server SAN market.

The IT professional services market size is estimated to grow at a CAGR of 9.09% between 2022 and 2027. The market size is forecast to increase by USD 461.56 billion. This IT professional services market report extensively covers market segmentation by type (project-oriented services, information technology outsourcing, IT supporting and training services, and enterprise cloud computing services), end-user (large enterprises, small, and medium enterprises), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The growing digital transformation is driving growth in the IT professional services market. 

Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 07: Parent market
• Exhibit 08: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 09: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 10: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 11: Chart on Chile - Market size and forecast 2022-2027 ($ million)
• Exhibit 12: Data Table on Chile - Market size and forecast 2022-2027 ($ million)
• Exhibit 13: Chart on Chile: Year-over-year growth 2022-2027 (%)
• Exhibit 14: Data Table on Chile: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 IT market in Chile 2017 - 2021 
• Exhibit 15: Historic Market Size – Data Table on IT market in Chile 2017 - 2021 ($ million)

• 4.2 By Type Segment Analysis 2017 - 2021 
• Exhibit 16: Historic Market Size – By Type Segment 2017 - 2021 ($ million)

• 4.3 By End-user Segment Analysis 2017 - 2021 
• Exhibit 17: Historic Market Size – By End-user Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 18: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 25: Chart on Type - Market share 2022-2027 (%)
• Exhibit 26: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type
• Exhibit 27: Chart on Comparison by Type
• Exhibit 28: Data Table on Comparison by Type

• 6.3 Services - Market size and forecast 2022-2027 
• Exhibit 29: Chart on Services - Market size and forecast 2022-2027 ($ million)
• Exhibit 30: Data Table on Services - Market size and forecast 2022-2027 ($ million)
• Exhibit 31: Chart on Services - Year-over-year growth 2022-2027 (%)
• Exhibit 32: Data Table on Services - Year-over-year growth 2022-2027 (%)

• 6.4 Hardware - Market size and forecast 2022-2027 
• Exhibit 33: Chart on Hardware - Market size and forecast 2022-2027 ($ million)
• Exhibit 34: Data Table on Hardware - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Chart on Hardware - Year-over-year growth 2022-2027 (%)
• Exhibit 36: Data Table on Hardware - Year-over-year growth 2022-2027 (%)

• 6.5 Software - Market size and forecast 2022-2027 
• Exhibit 37: Chart on Software - Market size and forecast 2022-2027 ($ million)
• Exhibit 38: Data Table on Software - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Chart on Software - Year-over-year growth 2022-2027 (%)
• Exhibit 40: Data Table on Software - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Type 
• Exhibit 41: Market opportunity by Type ($ million)
• Exhibit 42: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments
• Exhibit 43: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 44: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 45: Chart on Comparison by End-user
• Exhibit 46: Data Table on Comparison by End-user

• 7.3 BFSI - Market size and forecast 2022-2027 
• Exhibit 47: Chart on BFSI - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on BFSI - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on BFSI - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on BFSI - Year-over-year growth 2022-2027 (%)

• 7.4 IT and telecom - Market size and forecast 2022-2027 
• Exhibit 51: Chart on IT and telecom - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on IT and telecom - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on IT and telecom - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on IT and telecom - Year-over-year growth 2022-2027 (%)

• 7.5 Government - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Government - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Government - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Government - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Government - Year-over-year growth 2022-2027 (%)

• 7.6 Healthcare - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Healthcare - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Healthcare - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Healthcare - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Healthcare - Year-over-year growth 2022-2027 (%)

• 7.7 Manufacturing and others - Market size and forecast 2022-2027 
• Exhibit 63: Chart on Manufacturing and others - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Manufacturing and others - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Manufacturing and others - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Manufacturing and others - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by End-user 
• Exhibit 67: Market opportunity by End-user ($ million)
• Exhibit 68: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 69: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 70: Impact of drivers and challenges in 2022 and 2027

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape
• Exhibit 71: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption
• Exhibit 72: Overview on factors of disruption

• 10.4 Industry risks
• Exhibit 73: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered
• Exhibit 74: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 75: Matrix on vendor position and classification

• 11.3 Accenture Plc
• Exhibit 76: Accenture Plc - Overview
• Exhibit 77: Accenture Plc - Business segments
• Exhibit 78: Accenture Plc - Key offerings
• Exhibit 79: Accenture Plc - Segment focus

• 11.4 ADEXUS S.A
• Exhibit 80: ADEXUS S.A - Overview
• Exhibit 81: ADEXUS S.A - Product / Service
• Exhibit 82: ADEXUS S.A - Key offerings

• 11.5 Alphabet Inc.
• Exhibit 83: Alphabet Inc. - Overview
• Exhibit 84: Alphabet Inc. - Business segments
• Exhibit 85: Alphabet Inc. - Key news
• Exhibit 86: Alphabet Inc. - Key offerings
• Exhibit 87: Alphabet Inc. - Segment focus

• 11.6 Atos SE
• Exhibit 88: Atos SE - Overview
• Exhibit 89: Atos SE - Business segments
• Exhibit 90: Atos SE - Key news
• Exhibit 91: Atos SE - Key offerings
• Exhibit 92: Atos SE - Segment focus

• 11.7 Cisco Systems Inc.
• Exhibit 93: Cisco Systems Inc. - Overview
• Exhibit 94: Cisco Systems Inc. - Business segments
• Exhibit 95: Cisco Systems Inc. - Key news
• Exhibit 96: Cisco Systems Inc. - Key offerings
• Exhibit 97: Cisco Systems Inc. - Segment focus

• 11.8 Deloitte Touche Tohmatsu Ltd. 
• Exhibit 98: Deloitte Touche Tohmatsu Ltd. - Overview
• Exhibit 99: Deloitte Touche Tohmatsu Ltd. - Business segments
• Exhibit 100: Deloitte Touche Tohmatsu Ltd. - Key offerings
• Exhibit 101: Deloitte Touche Tohmatsu Ltd. - Segment focus

• 11.9 HCL Technologies Ltd. 
• Exhibit 102: HCL Technologies Ltd. - Overview
• Exhibit 103: HCL Technologies Ltd. - Business segments
• Exhibit 104: HCL Technologies Ltd. - Key news
• Exhibit 105: HCL Technologies Ltd. - Key offerings
• Exhibit 106: HCL Technologies Ltd. - Segment focus

• 11.10 Hewlett Packard Enterprise Co. 
• Exhibit 107: Hewlett Packard Enterprise Co. - Overview
• Exhibit 108: Hewlett Packard Enterprise Co. - Business segments
• Exhibit 109: Hewlett Packard Enterprise Co. - Key news
• Exhibit 110: Hewlett Packard Enterprise Co. - Key offerings
• Exhibit 111: Hewlett Packard Enterprise Co. - Segment focus

• 11.11 International Business Machines Corp. 
• Exhibit 112: International Business Machines Corp. - Overview
• Exhibit 113: International Business Machines Corp. - Business segments
• Exhibit 114: International Business Machines Corp. - Key news
• Exhibit 115: International Business Machines Corp. - Key offerings
• Exhibit 116: International Business Machines Corp. - Segment focus

• 11.12 Microsoft Corp.
• Exhibit 117: Microsoft Corp. - Overview
• Exhibit 118: Microsoft Corp. - Business segments
• Exhibit 119: Microsoft Corp. - Key news
• Exhibit 120: Microsoft Corp. - Key offerings
• Exhibit 121: Microsoft Corp. - Segment focus

• 11.13 Oracle Corp.
• Exhibit 122: Oracle Corp. - Overview
• Exhibit 123: Oracle Corp. - Business segments
• Exhibit 124: Oracle Corp. - Key news
• Exhibit 125: Oracle Corp. - Key offerings
• Exhibit 126: Oracle Corp. - Segment focus

• 11.14 SAP SE
• Exhibit 127: SAP SE - Overview
• Exhibit 128: SAP SE - Business segments
• Exhibit 129: SAP SE - Key news
• Exhibit 130: SAP SE - Key offerings
• Exhibit 131: SAP SE - Segment focus

• 11.15 SONDA S.A.
• Exhibit 132: SONDA S.A. - Overview
• Exhibit 133: SONDA S.A. - Business segments
• Exhibit 134: SONDA S.A. - Key offerings
• Exhibit 135: SONDA S.A. - Segment focus

• 11.16 Tata Consultancy Services Ltd. 
• Exhibit 136: Tata Consultancy Services Ltd. - Overview
• Exhibit 137: Tata Consultancy Services Ltd. - Business segments
• Exhibit 138: Tata Consultancy Services Ltd. - Key news
• Exhibit 139: Tata Consultancy Services Ltd. - Key offerings
• Exhibit 140: Tata Consultancy Services Ltd. - Segment focus

• 11.17 Verizon Communications Inc. 
• Exhibit 141: Verizon Communications Inc. - Overview
• Exhibit 142: Verizon Communications Inc. - Business segments
• Exhibit 143: Verizon Communications Inc. - Key offerings
• Exhibit 144: Verizon Communications Inc. - Segment focus

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist 
• Exhibit 145: Inclusions checklist
• Exhibit 146: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 147: Currency conversion rates for US$

• 12.4 Research methodology
• Exhibit 148: Research methodology
• Exhibit 149: Validation techniques employed for market sizing
• Exhibit 150: Information sources

• 12.5 List of abbreviations 
• Exhibit 151: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio