Nearshore Americas, in tandem with IT solutions firm Zigatta, has released a new white paper which offers an in-depth look at the wealth of tech talent across Latin America.
Titled “The State of Nearshore Digital Talent,” the document provides details on the number of software developers and technology companies in the region’s major economies, including Brazil, Mexico, Argentina, Colombia and Chile.
It also lays out the case for Latin America’s still untapped potential for becoming a major player in the global tech industry; not only as a provider of affordable programmers, but as a hub for the export of top-of-the-line IT services.
Thousands of Latin American tech graduates are enrolling in training programs to gain the skills that IT companies need, a sign of a maturing labor market in the region.
Mexico is among the best examples. Tech companies across the country are creating thousands of jobs, specially in major cities such as Guadalajara, Monterrey and Mexico City. Monterrey saw a staggering 69% job growth in the technology sector between 2016 and 2021.
Easy access to training programs and potentially large paychecks are luring more and more young graduates to launch careers in the IT services industry. According to the report, Mexico graduates 130,000 computer science students each year, accounting for over 20% of all graduates.
It’s no surprise then that the country’s tech sector has grown three times faster than the global average over the past 10 years.
The data has delivered a wake up call for public and private organizations in the region. These are realizing, increasingly, that they should position themselves to take advantage of the growing trend.
Such realization is not limited to regional entities, though. A growing number of companies based in the US and other top markets are slowly discovering that potential, seeking to position themselves also to not miss out.
For more insights on Latin America and the Caribbean’s digital services landscape, visit our Resources page.