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Information Technology (IT) Market Size In Chile is set to grow by USD 4.76 billion from 2024-2028, Increased adoption of cloud-based services boost the market, Technavio

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NEW YORK, July 24, 2024 /PRNewswire/ — The information technology (IT) market size in Chile is estimated to grow by USD 4.76 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 9.59% during the forecast period. Increased adoption of cloud-based services is driving market growth, with a trend towards emergence of AI. However, data privacy and security risk in cloud-based services poses a challenge. Key market players include 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..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Information Technology (IT) Market In Chile Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 9.59%

Market growth 2024-2028

USD 4769.5 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.53

Regional analysis

Chile

Performing market contribution

South America at 100%

Key countries

Chile and South America

Key companies profiled

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.

Market Driver

Chilean enterprises are integrating Artificial Intelligence (AI) into their IT services to automate processes, enhance efficiency, and reduce costs associated with paperwork. AI improves information services by categorizing and tagging data, applying structure to unstructured data, streamlining information, enhancing security, and improving data quality. In October 2021, Chile presented its National Policy on AI, which serves as a roadmap for AI development and adoption. This trend is expected to boost the IT market in Chile by increasing the efficiency of vendors and driving growth during the forecast period. 

The Information Technology market in Chile is experiencing significant growth, driven by trends such as cloud computing, machine learning, and big data. Businesses and organizations in various sectors like hospitals, banks, shops, prisons, hotels, airports, and train stations are increasingly adopting IT solutions for automation and data analytics. The IT industry is innovating at a rapid scale, with a focus on database management, software AI, and 5G network rollout. According to market analysts, the technological industry in Chile is expected to grow, with an emphasis on cybersecurity due to the rise in cyberattacks. The government is providing support through initiatives like the Internet of Things and Chile Hardware and Chile Personal Computer projects. The IT sector is also seeing the integration of computers and internet into daily life, leading to increased private and government consumption. Data centers and libraries are becoming essential for effective database management. Overall, the IT market in Chile is poised for growth and innovation. 

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Market Challenges

The IT market in Chile faces significant challenges in the adoption of cloud services due to data privacy and security risks. Cloud security management is a complex task for vendors, as online data needs to be secured from unauthorized access to cloud-based infrastructure. Public cloud infrastructure, with its multi-tenant architecture and shared resources, is particularly vulnerable to cyber-attacks. Hackers can easily gain access to cloud-based data storage systems, putting organizations at risk. Vendors must encrypt clients’ data and implement multi-factor authentication systems to secure access to IT systems. Regulatory guidelines for cloud security management should also be followed. The ease of procuring and accessing cloud services can provide hackers with opportunities to exploit loopholes and vulnerabilities. The increasing adoption of cloud services in Chile over the past few years has led to a rise in cybersecurity threats. In August 2022, a Chilean government agency experienced a ransomware attack targeting Microsoft tools and VMware ESXi servers. To mitigate these risks, vendors must prioritize data privacy and security in their cloud offerings.The Chilean IT market is thriving, with key sectors like hospitals, banks, shops, prisons, hotels, airports, and train stations investing heavily in IT. Database management and libraries are essential for effective data handling. Challenges include ensuring cyber security for sensitive information. Government consumption, private consumption, and telecommunication services drive market growth. The Internet of Things (IoT) is transforming industries, requiring advanced IT infrastructure and 5G network support. Chile’s hardware sector includes companies like Chile Hardware and Chile Personal Computer. IT investments in software, IT services, and ICT market segments continue to grow. Digital technology trends include artificial intelligence, robotics, and cyber security. Internet penetration and broadband consumption are increasing, fueling the demand for IT solutions. Government support for IT development is crucial for continued growth. Overall, the Chilean IT market offers significant opportunities for businesses and investors.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This information technology (it) market in Chile report extensively covers market segmentation by  

Type 1.1 Services1.2 Hardware1.3 SoftwareEnd-user 2.1 BFSI2.2 IT and telecom2.3 Government2.4 Healthcare2.5 OthersGeography 3.1 South America

1.1 Services-  The IT services market in Chile encompasses consulting, learning and training, development and integration, hardware maintenance and support, IT management, process management, and software support. The consulting and software maintenance and support services segments are poised for growth due to the need for improved business delivery systems and cost-effective models. The shift from on-premises to cloud-based software and IT infrastructure deployment is another significant factor driving market expansion. Enterprises in Chile are adopting cloud-based services to modernize their businesses and leverage technologies like Big Data, AI, and IoT. This digital transformation is expected to boost the demand for IT services, including education and training, during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Motion Sickness Drugs Market is experiencing significant growth due to increasing travel activities and the rising prevalence of motion sickness. Key players are focusing on innovative product development and expanding distribution channels to cater to a broader audience. Meanwhile, the global Information and Communications Technology (ICT) Services in Education Market is rapidly evolving with the integration of advanced technologies in educational systems. This market is driven by the demand for enhanced learning experiences, digital transformation in education, and government initiatives supporting ICT adoption in schools and universities.

Research Analysis

The Information Technology (IT) market in Chile is experiencing significant growth, driven by increasing demand for digital transformation across various industries. The market encompasses ICT (Information and Communication Technology) sectors, including hardware, software, IT services, and telecommunication services. Chile’s IT industry is witnessing substantial investments in digital technology, with a focus on cyber security, artificial intelligence, robotics, and automation. The enterprise size spectrum, from small to large, is embracing IT solutions to streamline operations and enhance productivity. Chile’s cybersecurity landscape is evolving, with growing concerns over data privacy and protection. The rollout of 5G networks is expected to revolutionize the IT industry, boosting broadband consumption and cloud computing adoption. Data analytics, machine learning, big data, and data center solutions are gaining traction, fueled by the increasing availability of data and the need for actionable insights. The IT industry is also grappling with cyberattacks, emphasizing the importance of robust security measures. Analysts predict continued growth in IT investments, IT infrastructure development, and technological innovation in Chile.

Market Research Overview

ai_research_analyst_overview

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeServicesHardwareSoftwareEnd-userBFSIIT And TelecomGovernmentHealthcareOthersGeographySouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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 across 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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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TS Imagine Expands Integration with Trumid’s Fixed-Income Trading Platform

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Adds Access to Trumid RFQ Automation
and Trumid Full Self Trading (FST™)

NEW YORK, July 23, 2026 /PRNewswire/ — TS Imagine, a leading global cross-asset provider of trading, portfolio, risk management and prime brokerage solutions, announced an expanded workflow integration with Trumid, a financial technology company and leading fixed income electronic trading platform.

The enhanced integration provides TS Imagine clients with broader access to Trumid’s electronic trading ecosystem, including its list-based workflows—Trumid RFQ and Portfolio Trading (PT)—while expanding RFQ automation and cross-protocol capabilities. Clients can now access:

Trumid’s RFQ network, enabling automated workflows through RFQ Auto-Submit via Trumid AutoPilot™ for RFQ, along with API-driven executionHeadless RFQ responder, initiator, and voice inquiry workflows Trumid Full Self Trading (FST™), Trumid’s automated cross-protocol execution capability connecting liquidity and execution opportunities across Trumid RFQ and Swarms, with expansion to Trumid Attributed Trading (firm dealer streams) planned for H2 2026. 

TS Imagine first integrated with Trumid in 2020, including support for Trumid’s Fair Value Model Price (FVMP™) predictive pricing model for corporate bonds.

Alexis Sainte Marie, Fixed Income Product, TS Imagine, said:

“Our expanded relationship with Trumid is an important step for TS Imagine clients seeking greater access to liquidity and workflow automation. We’ve particularly seen significant growth in areas like portfolio trading and RFQ and will continue to work closely with the Trumid team to enhance trading opportunities for our customers.”

Jason Quinn, Chief Product Officer & Global Head of Sales at Trumid, said: 

“Our mutual clients continue to benefit from the integration with TS Imagine, particularly as adoption of Trumid’s list-based workflows continues to accelerate. As clients increasingly engage across multiple Trumid trading protocols, we see additional opportunities to expand our relationship and deliver even greater value for our mutual clients.”

Trumid’s list protocols continued to deliver strong growth during Q2 2026. Trumid RFQ Average Daily Volume (ADV) increased 122% year-over-year, while automated trade volumes executed through Trumid AutoPilot™ for RFQ more than doubled. Trumid PT volume rose approximately 40% year-over-year, with the protocol recording its highest quarterly ADV alongside all-time highs in buy-side participation and lists traded. 

About TS Imagine 

TS Imagine delivers a best-in-class SaaS platform for integrated electronic front-office trading, portfolio management, prime brokerage, and financial risk management. Our global team of technologists continuously develops software and deploys new technologies that empower financial institutions to outperform markets and manage risk in real time. Many of the world’s leading financial institutions trust TS Imagine’s platform to manage their risk exposure and make better trading decisions across derivatives, equities and fixed income, cutting complexity and driving efficiencies.

About Trumid

Trumid is a financial technology company and fixed income electronic trading platform focused on US dollar-denominated Investment Grade, High Yield, Distressed, and Emerging Market bonds. Trumid optimizes the credit trading experience by combining agile technology and market expertise, with a focus on product design. The result is a differentiated ecosystem of protocols and trading solutions delivered within one intuitive platform. Learn more at www.trumid.com.

MEDIA CONTACTS

Greentarget for TS Imagine
tsimagine@greentarget.co.uk

Trumid Press
+1 (212) 618-0300
press@trumid.com

View original content:https://www.prnewswire.com/news-releases/ts-imagine-expands-integration-with-trumids-fixed-income-trading-platform-302832754.html

SOURCE Trumid

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Passage Preparation Wins 2026 CODiE Award for Best Professional Learning Platform

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CHARLOTTESVILLE, Va., July 23, 2026 /PRNewswire/ — Passage Preparation™, a division of K12 Coalition, has been named a 2026 CODiE Award Winner in the category Best Professional Learning Platform.

The CODiE Awards recognize the most innovative products, platforms and services across technology and education. Winners are selected through a rigorous evaluation process led by independent industry experts who assess each solution based on innovation, functionality, market impact, and overall value.

Selected from 228 finalists across 75 categories, the 2026 CODiE Award winners represent the solutions setting new standards for excellence and innovation.

“We are honored to receive this recognition from the CODiE Awards,” said Nathan Estel, Managing Director of Passage Preparation. “This award reflects our team’s commitment to helping aspiring educators build the knowledge, confidence, and instructional expertise they need to succeed on their licensure exams. We remain dedicated to strengthening the educator pipeline through innovative learning experiences that prepare great teachers for the classroom.”

As schools across the country face persistent teacher shortages, Passage Preparation is helping accelerate the path from aspiring educator to licensed classroom teacher. The platform provides comprehensive licensure exam preparation tailored to state certification requirements and subject areas, ensuring candidates focus on the content most relevant to their certification pathway. Developed by experienced teachers and teacher educators, every course is aligned with both licensure standards and evidence-based instructional practices, equipping candidates with the skills they need to succeed on certification exams and in the classroom.

Unlike traditional test-preparation programs that emphasize memorization and test-taking strategies, Passage Preparation builds lasting content knowledge and teaching proficiency through engaging, interactive learning experiences. Candidates benefit from diagnostic assessments that identify strengths and areas for improvement, detailed progress reporting, practice assessments, and personalized study plans. Flexible self-paced learning is complemented by live virtual cohorts that provide instructor guidance, peer collaboration, and accountability, creating a supportive professional learning community for busy educators.

Designed with accessibility and flexibility in mind, Passage Preparation includes tools such as Immersive Reader, offering real-time translation in more than 100 languages, text-to-speech functionality, customizable display settings, and other features that support diverse learning needs. The platform has consistently helped improve certification exam pass rates, enabling many candidates to earn licensure on their first attempt, saving valuable time and costs. By preparing more educators to enter the profession successfully, Passage Preparation helps districts fill critical teaching positions faster and strengthens the educator workforce nationwide.

“The 2026 CODiE Award winners represent some of the most innovative and impactful solutions in the industry,” said Jennifer Baranowski, President of the CODiE Awards. “These organizations are solving meaningful challenges, delivering measurable outcomes, and helping shape the future of technology.”

A complete list of 2026 CODiE Award winners is available at https://codieawards.com/winners.

About K12 Coalition 

K12 Coalition is a collective of specialized education products and services with a common mission to provide a great education for every student in every classroom every day. The company offers deep expertise in solving five macro K-12 education challenges: teacher certification, professional learning, literacy and math curriculum, accelerated student learning through summer school, and district support, including strategic planning and consulting. Learn more at k12coalition.com.

About Passage Preparation

Passage Preparation specializes in providing comprehensive licensure assessment preparation resources designed to bolster teacher confidence and proficiency. These learning resources equip licensure candidates with the knowledge necessary for success on exams and instill in them best teaching practices using methodologies thoughtfully curated to be engaging and aligned precisely with the content covered on the licensure exams. Passage Preparation is part of K12 Coalition, a certified B Corporation helping schools and teachers thrive nationwide.

Media Contact:
Alex Fairchild
K12Coalition@finnpartners.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/passage-preparation-wins-2026-codie-award-for-best-professional-learning-platform-302832895.html

SOURCE K12 Coalition

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Knox Systems Partners with Microsoft to Accelerate Secure Government Access to Commercial Innovation on Microsoft Azure

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Strategic collaboration helps software companies bring cutting-edge commercial technology to the U.S. Government faster through Microsoft Azure Government Cloud

NEW YORK and WASHINGTON, July 23, 2026 /PRNewswire/ — Knox Systems (Knox), the largest, longest-running federal managed cloud, today announced a collaboration with Microsoft to help commercial software companies deploy secure, mission-ready solutions on Microsoft Azure Government Cloud for U.S. Government customers.

As demand for modern AI, cybersecurity, data, and enterprise software continues to grow across the public sector, the partnership is designed to reduce the barriers that have historically prevented government agencies from accessing the same technologies already transforming the commercial market.

Knox enables software providers to achieve production-ready federal cloud environments in as little as 90 days through its pre-authorized Federal Managed Cloud. By inheriting a substantial portion of required security controls, companies can reduce the time, effort, cost, and compliance burden associated with deploying compliant government cloud solutions. Combined with Microsoft Azure’s trusted government cloud platform, the collaboration provides an accelerated path for innovative software companies seeking to serve federal civilian and defense customers.

“America’s greatest technology companies shouldn’t spend years navigating compliance before they can help solve government missions,” said Irina Denisenko, CEO of Knox Systems. “Microsoft has built one of the world’s most trusted cloud platforms for government. Knox removes the operational barriers that can keep innovative software companies from deploying secure, compliant solutions on Azure Government. Together, we’re making it dramatically faster for agencies to access the technologies they need, securely, compliantly, and at mission speed.”

The collaboration strengthens Microsoft’s ecosystem for independent software vendors (ISVs) pursuing government opportunities while expanding the pathway for AI-native, cybersecurity, enterprise software, and critical infrastructure companies to bring production workloads to Azure.

“Microsoft is committed to helping software companies innovate for government while meeting the highest standards for security and compliance,” said Jamie Harper, VP, Defense Industrial Base, Microsoft. “Our collaboration with Knox provides organizations with an accelerated path to deploy innovative solutions on Microsoft Azure Government Cloud, helping government agencies gain faster access to the technologies that support critical missions.”

Knox currently operates one of the industry’s largest FedRAMP-authorized managed cloud environments, supporting more than 70 software companies and maintaining 16 US Federal and Department of War Authorizations to Operate (ATOs). Customers including Adobe, Armis, Celonis, BigID, and other leading software providers rely on Knox to bring commercial innovation to government faster while maintaining rigorous security standards.

As AI adoption accelerates across government, the partnership reflects a shared commitment to ensuring agencies can securely leverage the same cutting-edge technologies already powering the commercial economy.

About Knox Systems

Knox Systems operates the largest managed federal cloud, trusted by top agencies and partners across defense and civilian sectors. Built for speed, resilience, and compliance, Knox delivers FedRAMP authorization in 90 days – turning the biggest bottleneck in government IT into the fastest path to modernization. Knox proudly serves Adobe, Celonis, OutSystems, Armis, BigID, and more AI and SaaS providers, accelerating secure innovation across the federal landscape. Learn more at knoxsystems.com.

Media Contact:
knox@w2comm.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/knox-systems-partners-with-microsoft-to-accelerate-secure-government-access-to-commercial-innovation-on-microsoft-azure-302832781.html

SOURCE Knox Systems, Inc

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