Skip to main content
  1. Market Insights
  2. Technology
  3. Software

Application Development Software - Chile

Chile
  • The Application Development Software market in Chile is expected to witness a significant growth in revenue, projected to reach US$432.04m in 2025.
  • Furthermore, this market segment is anticipated to exhibit a steady annual growth rate (CAGR 2025-2029) of 5.46%.
  • Consequently, by 2029, the market volume is estimated to expand to US$534.51m.
  • In a global context, it is worth noting that United States is expected to generate the highest revenue in this market segment, with a projected amount of US$97.64bn in 2025.
  • Chile's growing tech ecosystem has led to an increasing demand for application development software, making it a thriving market for software developers and entrepreneurs.

Revenue

NOTES: Data was converted from local currencies using average exchange rates of the respective year.

MOST_RECENT_UPDATE: Sep 2024

SOURCE: Statista Market Insights

NOTES: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

MOST_RECENT_UPDATE: Jul 2024

NOTES: Data was converted from local currencies using average exchange rates of the respective year.

MOST_RECENT_UPDATE: Sep 2024

SOURCE: Statista Market Insights

Key Players

MOST_RECENT_UPDATE: Mar 2024

SOURCE: Statista Market Insights

Analyst Opinion

The Application Development Software market in Chile has been experiencing significant growth in recent years.

Customer preferences: Chilean customers are increasingly demanding software applications that can be used on multiple devices, including mobile phones, tablets, and laptops. They also prefer software that is easy to use, efficient, and secure. In addition, there is a growing demand for cloud-based software solutions that can be accessed from anywhere.

Trends in the market: One of the main trends in the Application Development Software market in Chile is the increasing use of low-code and no-code platforms. These platforms allow developers to create applications quickly and easily, without the need for extensive coding knowledge. Another trend is the growing importance of artificial intelligence (AI) and machine learning (ML) in software development. AI and ML can help developers create applications that are more intelligent, efficient, and personalized.

Local special circumstances: Chile is a country with a rapidly growing technology sector, and the government has been actively promoting the development of the industry. In addition, Chile has a large pool of talented software developers, many of whom have received training in top universities around the world. This has helped to create a thriving software development ecosystem in the country.

Underlying macroeconomic factors: Chile has a stable and growing economy, with a strong focus on innovation and technology. The government has implemented policies to support the growth of the technology sector, including tax incentives for companies that invest in research and development. In addition, Chile has a highly educated workforce, with a large number of graduates in science, technology, engineering, and mathematics (STEM) fields. These factors have helped to create a favorable environment for the growth of the Application Development Software market in Chile.

Global Comparison

NOTES: Data was converted from local currencies using average exchange rates of the respective year.

MOST_RECENT_UPDATE: Sep 2024

SOURCES: Statista Market Insights, Financial Statements of Key Players, National statistical offices

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

Technology

XMO_REPORT_PROMO_HEADLINE

Software: market data & analysis - BackgroundSoftware: market data & analysis - Cover

Key Market Indicators

NOTES: Based on data from IMF, World Bank, UN and Eurostat

MOST_RECENT_UPDATE: Jan 2025

SOURCE: Statista Market Insights

OUTLOOK_EXPLORE_RELATED_TOPICS

Software development - statistics & facts

Imagine a world without the apps you use daily, the games you enjoy, or the websites you rely on. Software development is the invisible hand behind this digital magic, transforming ideas into the tools that shape our lives. Software development is the process of creating, designing, deploying, and supporting software. It includes all the computer activities between the software's conception and final manifestation.

These activities are planned and put into stages in a logical order, a process known as the software development life cycle (SDLC) or software development. The SDLC often includes six stages: requirement analysis, design, development, testing, implementation, documentation, and evolution. Programming languages such as JavaScript and C++ are used to create software, with JavaScript being the most popular programming language in 2023 and used by roughly 65 percent of software developers.

OUTLOOK_MORE_DATA_ON_TOPIC
Global spending on enterprise software
1tr USD
Global consumer spend on mobile apps Q3 2024
34.45bn USD
Number of Google Play app downloads Q1 '24
26.9bn

Contact

Get in touch with us. We are happy to help.
Meredith Alda
Sales Manager
Email
support@statista.com
Tel

+1 914 619-5895

Mon - Fri, 9am - 6pm (EST)

Lodovica Biagi
Director of Operations
Email
eu.support@statista.com
Tel

+44 (0)20 8189 7000

Mon - Fri, 9:30am - 5pm (GMT)

Ayana Mizuno
Business Development Manager
Email
asia.support@statista.com

Mon - Fri, 10:00am - 6:00pm (JST)

Carolina Dulin
Group Director - LATAM
Email
latam@statista.com
Tel

+1 212 419-5774

Mon - Fri, 9am - 6pm (EST)

Yolanda Mega
Operations Manager
Email
asia.support@statista.com
Tel

+65 6995 6959

Mon - Fri, 9am - 5pm (SGT)