The global technology talent landscape is evolving, with Latin America emerging as a force in diversifying technological innovation and reshaping software outsourcing around the world.
605,000 software engineers each year. Additionally, there is a new trend we have identified known as emigration . This trend involves talented individuals discovering better job prospects without having to move away from their local communities.
Key Takeaways
- Brazil, Colombia and Mexico are leading the way . They played a key role in concentrating the largest number of technology professionals in the region. Together, they brought in more than 1.8 million applicants from 2019 to 2024.
- Chile's incredible growth . Chile emerged as a country with outstanding performance. The country witnessed an astonishing 2,500% increase in the number of candidates in 2023 compared to 2019. Chile is followed by Brazil (1,000%) and Venezuela (960%).
- Central America and the Caribbean on the Rise . Central American and Caribbean countries are also making their presence felt in the technology talent landscape. Panama, Jamaica and Trinidad and Tobago collectively contributed more than 40,000 candidates from 2019 to 2023.
- More women in technology : In 2023, we see a 25% increase in the number of female candidates. Brazil stands out with a notable 778% growth in the number of female candidates from 2019 to 2023, followed by Colombia and Chile.
- In-demand technical expertise : Over the past five years, we have seen significant demand for experts in Node.js, React, Python, and Java. These technologies continue to be highly sought after by our customers.
Conclusion
The data presented above portrays a promising scenario for Latin America, positioned as an emerging technological center due to its nearshore advantage. Factors such as the increased demand for technological talent, the time zone and cultural alignment with customers in North America contributed to this change. Growing investments in the region have also facilitated greater access to top talent.
Download this infographic to access an in-depth analysis of 5 million apps. Find out why LATAM is on its way to changing the world's technology supply and globally diversifying innovation processes.
