Application Development Software - South America

  • South America
  • In South America, the revenue in the Application Development Software market is projected to reach US$4.34bn in 2025.
  • This indicates a significant growth potential for the region.
  • Furthermore, the market is expected to show a strong annual growth rate (CAGR 2025-2029) of 6.44%, resulting in a market volume of US$5.57bn by 2029.
  • This highlights the continuous expansion and development of the industry in South America.
  • However, it is important to note that in global comparison, United States is anticipated to generate the highest revenue in the Application Development Software market.
  • It is expected to reach a staggering US$97,640.00m in 2025.
  • This showcases the dominance of the United States in the global market and its significant contribution to the overall revenue.
  • In South America, the demand for application development software is growing rapidly, with Brazil leading the way as the largest market in the region.

Key regions: United Kingdom, United States, Australia, France, Germany

Market
Region
Region comparison
Currency

Revenue

Please wait

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

Most recent update: Sep 2024

Source: Statista Market Insights

in trillion USD (US$)

Please wait

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

Please wait

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

Most recent update: Sep 2024

Source: Statista Market Insights

Technology

Access more Market Insights on technology topics with our featured report

This report presents a comprehensive analysis and additional information on the Application Development Software market, in a PDF format.
Software: market data & analysis  - Background Software: market data & analysis  - Cover

Key Players

in percent

2022
Please wait

Most recent update: Mar 2024

Source: Statista Market Insights

Analyst Opinion

The demand for Application Development Software in South America has been steadily growing in recent years, driven by various factors such as increasing digitalization, rising adoption of cloud-based technologies, and expanding e-commerce industry.

Customer preferences:
South American customers are increasingly looking for software solutions that can help them streamline their business operations, enhance productivity, and improve customer experience. They prefer software that is easy to use, scalable, and customizable to their specific needs. Additionally, there is a growing demand for cloud-based software solutions that can be accessed from anywhere and at any time.

Trends in the market:
Brazil, Argentina, and Chile are the major markets for Application Development Software in South America. Brazil, being the largest economy in the region, has the highest demand for software solutions. The country has a vibrant tech startup ecosystem, which has been driving the demand for application development software. Argentina, on the other hand, has been witnessing a surge in the e-commerce industry, which has led to an increased demand for software solutions that can help businesses manage their online stores. Chile is also emerging as a key market for application development software, driven by the country's efforts to promote digital transformation.

Local special circumstances:
One of the major challenges faced by the South American market is the lack of skilled professionals in the field of software development. This has led to a shortage of talent, which has made it difficult for businesses to find qualified developers. Additionally, the region has a complex regulatory environment, which can make it difficult for software companies to operate in the market.

Underlying macroeconomic factors:
The South American market for application development software is expected to continue growing in the coming years, driven by factors such as increasing internet penetration, rising smartphone usage, and expanding e-commerce industry. Additionally, the COVID-19 pandemic has accelerated the digital transformation of businesses, which is expected to further boost the demand for software solutions. However, the market is also likely to face challenges such as economic instability, political uncertainty, and regulatory hurdles.

Global Comparison

Please wait

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.

Key Market Indicators

The following Key Market Indicators give an overview of the social and economic outlook of the selected region and provide additional insights into relevant market-specific developments. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models.

Please wait

Source: Please wait

Explore more high-quality data on related topic

Discover additional markets

Explore new markets and gain valuable insights into various topics with our Market Insights search function.

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)

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

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

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

Contact Ayana Mizuno
Ayana Mizuno
Junior Business Development Manager– Contact (Asia)

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

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

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

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)

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