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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..

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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.

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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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‘Advenica’ recognized as ‘Emerging Leader’ in MarketsandMarkets’ latest 360Quadrant for the Secure File Transfer (SFT) Market

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DELRAY BEACH, Fla., Sept. 7, 2026 /PRNewswire/ — Advenica, a cybersecurity solutions provider, has been recognized as an ‘Emerging Leader’ in the Secure File Transfer (SFT) market by MarketsandMarkets’ 360Quadrants platform. Advenica has established a strong presence in secure file transfer and controlled data exchange environments through its Secure File Import portfolio.

The rising need to securely exchange files across segmented networks is accelerating the adoption of secure file transfer solutions. Increasing cybersecurity risks, the need to transfer information between networks with different security classifications, and growing requirements to protect sensitive and critical environments are driving organizations to implement controlled file transfer mechanisms. Advanced capabilities such as hardware-enforced unidirectional data flows, physical network separation, malware scanning, and secure file import are further strengthening the demand for high-assurance file transfer solutions and creating growth opportunities for providers like Advenica.

Within the secure file transfer domain, Advenica offers solutions including File Security Screener, SecuriRAM, File Scanner Kiosk, and Data Diode Services. Among these, File Security Screener is emerging as a key solution for secure data transfer and file import in sensitive environments, combining Advenica’s data diode technology with advanced malware scanning to enable the secure movement of files between segregated networks while preserving integrity, confidentiality, and network separation.

Advenica’s growing traction in high-security file transfer demonstrates the increasing importance of secure information exchange within sensitive and critical environments. Advenica’ File Security Screener has witnessed growing adoption among defense and government organizations. In November 2024, Advenica secured a 2 MSEK order (USD 0.18 Million) from a Finnish authority for the deployment of File Security Screener to strengthen secure file import and malware protection capabilities.

In May 2026, the company announced the expansion of its Malmö facilities, nearly doubling its office space to accommodate workforce growth, strengthen innovation capabilities, and support increasing demand from defense, government, infrastructure, and industrial customers. The expanded premises are expected to become operational from January 2027, supporting the company’s long-term growth and capacity expansion strategy.

Research Methodology

360Quadrants provides an in-depth evaluation and comparison of each key market player based on various techno-commercial inputs provided by industry experts, customers, vendors, and other stakeholders, along with secondary research that includes product brochures, analyst notes, company publications, business articles, white papers, trade sources, and various other databases.

A well-defined methodology is adopted to provide detailed ratings for each market player concerning various parameters as outlined below:

Shortlisting of 25+ prominent market players & start-upsRelevant portfolio mapping at the regional levelKey growth initiatives undertaken at the regional levelRevenue analysis at a regional and category levelStrategic collaborations with governments, patient/customer groups, etc.Other industry-relevant parameters

About 360Quadrants

360Quadrants is the largest marketplace looking to disrupt over USD 3.7 trillion of technology spend and is the only rating platform for vendors in the technology space. The platform provides users with unbiased information that helps them make informed business decisions, while also enabling vendors to influence the business decisions of potential clients. Vendors get to win ideal new customers, customize their quadrants, decide key parameters, and position themselves strategically in a niche space, to be consumed by giants and start-ups alike. Experts get to grow their brands and increase their thought leadership. The platform targets the building of a social network that links industry experts with companies worldwide.

360Quadrants has also launched quadrants in fields like: Railway Cybersecurity, Endpoint Security, Digital Forensics, Identity Verification.

About MarketsandMarkets™

MarketsandMarkets™, recognized as one of America’s Best Management Consulting Firms by Forbes as per their recent report, is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With a broad lens on emerging technologies, the company is proficient in co-creating exceptional growth for clients worldwide.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust it to accelerate their revenue growth. With a global clientele of over 13,000 organizations, MarketsandMarkets helps businesses thrive in a rapidly evolving and disruptive ecosystem.

The B2B economy is witnessing the emergence of USD 25 trillion in new revenue streams that are replacing existing ones within this decade. MarketsandMarkets collaborates with clients on growth programs, enabling them to monetize this USD 25 trillion opportunity through their service lines, including TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, MarketsandMarkets collaborates with several Forbes Global 2000 B2B companies to keep them future-ready. The company’s insights and strategies are powered by industry experts, cutting-edge AI, and their proprietary Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

To find out more, visit www.MarketsandMarkets™.com or follow us on TwitterLinkedIn, and Facebook.

Contact:

Ms. Sipti Banga
MarketsandMarkets™ INC.
1615 South Congress Ave., Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: Sipti.Banga@MarketsandMarkets.com

Visit Our Website: https://www.marketsandmarkets.com/ 

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SOURCE MarketsandMarkets

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Dyna.Ai and GAPP Partner to Power Saudi Arabia’s Digital Infrastructure and Next-Gen AI Workforce

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RIYADH, Saudi Arabia, Sept. 7, 2026 /PRNewswire/ — Dyna.Ai, a global AI-as-a-Service provider headquartered in Singapore, and Gulf Applications Co. (GAPP), a premier Saudi technology integration leader, announced a partnership during LEAP 2026 in Riyadh. The partnership will bring Dyna.Ai’s agentic AI platform into the enterprise IT environments GAPP supports across the Kingdom, helping organizations drive measurable business results.

Through the partnership, Dyna.Ai and GAPP will explore opportunities to introduce Dyna.Ai’s enterprise agentic platform, including voice and text-based AI agents and AI Employee solutions, to organizations across the Kingdom, based on their specific needs and use cases. Potential applications may include embedding agents into day-to-day operations, from internal workflows to client-facing service delivery, rather than deploying them as standalone tools, while supporting applicable local data-governance requirements.

The announcement comes as Saudi Arabia marks 2026 as the official Year of Artificial Intelligence, an initiative led by the Saudi Data and Artificial Intelligence Authority (SDAIA). The partnership responds to rising demand across public and private sectors for practical AI solutions that align with Vision 2030 digital mandates.

“GAPP brings strong local market knowledge and enterprise technology expertise, creating a solid foundation for this partnership,” said Carlton Liew, Chief Business Officer and Co-Founder of Dyna.Ai. “Together, we will work with organizations to identify where AI agents can add value and how they can be introduced with minimal disruption, creating a practical, lower-risk path to measurable business results.”

Ahmed Al Azmah, Chief Operating Officer of GAPP, added: “Our collaboration with Dyna.Ai creates opportunities to introduce advanced, enterprise-grade AI capabilities to organizations across the Kingdom. By pairing global AI technology with our deep local integration expertise, we aim to help Saudi organizations automate critical workflows, elevate operational standards, and support the Kingdom’s Vision 2030 digital-economy objectives.”

The agreement marks Dyna.Ai’s latest step in expanding its presence across the Middle East’s enterprise technology sector.

About Dyna.Ai

Dyna.Ai is a leading AI-as-a-Service company headquartered in Singapore, delivering enterprise-grade AI solutions that turn advanced AI into measurable business results. The company provides AI-powered products and services that enhance customer experience (CX), improve employee experience (EX), and optimize core business operations, with solutions designed for practical enterprise deployment. With a global presence across Asia, the Middle East, and the Americas, Dyna.Ai powers financial institutions, contact centers, and more enterprises worldwide. For more information, visit www.dyna.ai.  

About GAPP

Established in 2007, Gulf Applications (GAPP) has emerged as a leading provider of innovative ICT and technical solutions in Saudi Arabia. Focused on delivering unmatched value, GAPP offers comprehensive services and integrated solutions across various sectors. From ICT infrastructure and cloud services to Internet of Things (IoT) and network energy, GAPP consistently meets the needs of the global market by partnering with trusted suppliers and adhering to the highest international standards. For more information, visit https://gapp.sa/.

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Naviam Announces Definitive Agreement to Acquire Cohesive from Bentley Systems, Alongside Significant Growth Investment from Norwest

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The acquisition is expected to solidify Naviam’s position as the largest global IBM Maximo business partner. As part of the transaction, Bentley Systems will make a strategic equity investment in Naviam and join its Board of Directors, while Norwest will make a significant growth investment in the combined Naviam and Cohesive business. The partnership will also bring together Bentley Infrastructure Cloud, Naviam Cloud, and IBM Maximo to unlock greater value across the full asset lifecycle.

LONDON, Sept. 7, 2026 /PRNewswire-PRWeb/ — Naviam, the world-leading IBM Maximo partner, today announced it has entered into a definitive agreement to acquire Cohesive from Bentley Systems. As part of the transaction, Bentley will make an equity investment in Naviam, becoming a minority shareholder and taking a seat on its Board of Directors upon the close of the transaction.

“Together, we are the world’s largest independent IBM Maximo services and solutions provider.” — Oliver Garthwaite, CEO, Naviam

Cohesive is a leading provider of IBM Maximo consulting, implementation, hosting, and support. Its professionals serve hundreds of asset owners worldwide, including the UK’s Ministry of Defence and Con Edison, one of the largest investor-owned utilities in the U.S.

Naviam and Bentley share a mutual belief that the integration of Bentley Infrastructure Cloud, Naviam cloud capabilities, and IBM Maximo can unlock substantial value across the infrastructure asset lifecycle, including geospatial data integration. Following the close of the transaction, Naviam will partner with Bentley to sell and implement Bentley platforms and products, not only to Cohesive’s customers but also to Naviam’s hundreds of existing customers.

Oliver Garthwaite, CEO of Naviam, said, “We have long admired Cohesive, and today we are thrilled to announce this agreement to officially welcome their talented team and valued customers into the Naviam family. This combination is a natural evolution of our long-standing relationship, born from a deep, mutual respect for the capabilities and vision of both organizations. Together, we are the world’s largest independent IBM Maximo services and solutions provider, and we want to assure every Cohesive customer that our commitment to their success is unwavering. Our reputation is built on delivering successful outcomes, and we will continue that focus for all our customers.”

David Shaman, Chief Legal Officer of Bentley Systems, added, “I am pleased to join Naviam’s board as Bentley’s representative following the close of this transaction. At the core, this deal is about accelerating a shared vision. The future of infrastructure asset management lies in the deep integration of engineering and operational data with enterprise systems to create and leverage evergreen digital twins. Partnering with Naviam strengthens our ability to bring the full power of Bentley Infrastructure Cloud to asset owner-operators. We are incredibly proud of what the Cohesive team has built, including its continuously improving financial trajectory. Through our new role as a key investor and partner in Naviam, we are excited to help guide this next chapter of innovation and success.”

Concurrent with the acquisition of Cohesive, leading growth equity firm Norwest has entered a definitive agreement to make a significant growth investment in the combined businesses. Norwest will work closely with Naviam’s management team and Bentley to support continued investment in Naviam’s Maximo delivery capacity and product suite.

“Naviam has built the deepest Maximo capability in the market, and the Cohesive acquisition further strengthens the company’s ability to deliver great outcomes for its customers anywhere in the world,” said Norwest Partner Chris Scullin, who led the transaction for Norwest. “We are excited to partner with Naviam CEO Oliver Garthwaite, CFO Henrik Fridlund, and the entire Naviam and Bentley teams as Naviam enters this next phase of global growth.”

Transaction Details

Bentley’s investment in Naviam comes alongside a major growth investment in Naviam by Norwest. Financial terms of Bentley’s investment and the Cohesive transaction were not disclosed. The transaction is expected to close on September 30, 2026, subject to the satisfaction of regulatory approvals and other customary closing conditions.

About Naviam

Naviam is the world’s leading IBM Maximo partner, helping organizations modernize and maximize the value of their assets through cloud-based platforms, mobile solutions, and advanced product innovation built specifically for IBM Maximo—the world’s leading enterprise asset management (EAM) software. Backed by more than 35 years of innovation, we design, build, and support enterprise-scale Maximo environments while developing the industry’s largest suite of Maximo-dedicated products that extend, enhance, and future-proof the platform. For more information, please visit www.naviam.io.

About Bentley Systems

Around the world, infrastructure professionals rely on software from Bentley Systems to help them design, build, and operate better and more resilient infrastructure for transportation, water, energy, cities, and more. Founded in 1984 by engineers for engineers, Bentley is the partner of choice for engineering firms and owner-operators worldwide, with software that spans engineering disciplines, industry sectors, and all phases of the infrastructure lifecycle. Through our digital twin solutions, we help infrastructure professionals unlock the value of their data to transform project delivery and asset performance. For more information, please visit www.bentley.com.

About Norwest

Norwest is a global growth equity and venture investment firm managing more than $15.5 billion in capital. Since its inception, Norwest has invested in more than 700 companies and currently partners with more than 250 companies in its growth equity and venture portfolio. The firm invests in early- to late-stage businesses across key sectors with a focus on technology & B2B services, healthcare, and consumer sectors. The Norwest team offers a deep network of connections, extensive operating experience, and a wide range of impactful services to help CEOs and founders scale their businesses. Norwest has offices in Menlo Park and San Francisco, Calif.; Mumbai, India; and Tel Aviv, Israel. For more information, please visit www.norwest.com..

© 2026 Naviam. Bentley Systems, Cohesive, and Bentley Infrastructure Cloud are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries. All other brands and product names are trademarks of their respective owners.

Media Contact

Joe Kelley, Naviam, 1 (513) 578-6040, joe.kelley@naviam.io, https://www.naviam.io/

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