Argentina Software Development Market - Forecast (2024 - 2030)

Report Code: ITR 0433 Report Format: PDF + Excel

Argentina  Software Development – Market Overview

 The Argentina Software Development Market is estimated to grow at a CAGR of 5.8% during the forecast period 2024-2030 and reach $4.93 billion by 2030, from around $7.42 billion in 2023.
 
The potential for the development of the Argentine IT market is evaluated to be highly promising because of active government policies. The Argentine government is actively promoting various e-government projects as well as the development of an information society through the expansion of PC distribution and the rapid use of smartphones. In particular, the software industry has been designated as one of the strategic fostering industries and various support has been strengthened. Additionally, the low PC penetration rate is also a factor that brightens the development prospects of the Argentine IT industry. Argentina is considered to be very advantageous for the development of the IT industry such as software because it has abundant talented manpower among Latin American countries. Recently, Argentina has also been attracting attention as an IT service center owing to its high level of technology and high-quality labor.  

Report Coverage

The report: “Argentina Software Development Industry Outlook – Forecast (2024-2030)” by IndustryARC covers an in-depth analysis of the following segments in the Japan Software Development Industry.
  • By Language: Java, JavaScript, Python, C++, PHP, Scala, Ruby, LISA, Perl, SQL, Android, iOS, and Others
  • By Market Demand: In House on Payroll, Hired from Secondment Providers, Hired Freelancers, Fully Outsourced
  • By Deployment Type: On-Premise, Cloud
  • By Business Size: Small and Medium Business, Enterprise, and Government
  • By End Use Industry: Banking And Financial Institution, Insurance Firms, Media and Entertainment, Government, Defense, Telecommunication, Automotive, Consumer Goods and Retail, Healthcare, Manufacturing and Others

Key Takeaways

  • Argentina's software development market is being driven by a number of factors, including the increasing adoption of digital transformation by businesses, the growing demand for e-commerce and online services, and The emergence of AI and ML technologies
  • Argentina has a strong pool of talented software developers. This is due to the country's strong investment in education and its focus on science and technology. Argentine software developers are known for their skills and experience in a variety of software development technologies and platforms.
  • Argentina offers a competitive cost advantage for software development services. This is due to the country's relatively low labor costs and its favorable exchange rate. Argentine software development companies are able to offer high-quality services at competitive prices.

Argentina  Software Development – Market Scope and Coverage

The base year of the study is 2021, with forecast done up to 2027. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. These provide the key market participants with the necessary business intelligence and help them understand the future of the Argentina Software Development Market. 

Argentina  Software Development – By Language

By language, the software market is further fragmented into Java, JavaScript, Python, C++, PHP, Scala, Ruby, LISA, Perl, SQL, Android, iOS, and others. Above all, the Python segment held the largest market share in 2021 among other programming languages. Various institutes in the region including Coursera provide python certification and online learning courses and assist in mastering the concepts of python and its libraries including SciPy, Matlotlib among others.

Argentina  Software Development – By Market Demand

In terms of market demand, the market is segmented by In House on Payroll, Hired from Secondment Providers, Hired Freelancers and Fully Outsourced. The inhouse on payroll segment accounted for the biggest revenue share in 2021 and is projected to grow at a higher rate. The main reason for this is the high quality of education availability in the region. In Argentina, there are 7 universities in the region ranking among the top 50 Latin American universities. Owing to the free tuition fees for higher education, the region has one of the highly educated population in Latin America.

Argentina  Software Development – By Deployment Type

By deployment type, the Cloud segment had the majority of overall market share in 2021 due to increasing Cloud Data center in Argentina. In October 2019, Amazon Web Services, a on-demand cloud computing platform management company, invested approximately $800 million over a decade in a new South American data center in Argentina. Besides, IBM stared to provide cloud services for insurance firms in Argentina. Hence, major players providing cloud services to the insurance firms is set to fuel its market growth.

Argentina  Software Development – By Business Size

With regard to business size, the Small and Medium Business segment had the highest market share in 2021. During the COVID-19 Pandemic, The Argentina government issued a series of economic relief measures, primarily focusing on the informal workers that account for 40 percent of the labor force as well as small and medium size enterprises (SMEs). The government prohibited employers from terminating employment until April 2021 and mandated a double severance payment until December 31, 2021. Such factors are expected to fuel its market growth.

Argentina  Software Development – By End Use Industry

By end-use industry,  the market is poised with respect to the end use industries to be processed including Banking and Financial Institution, Insurance Firms, Media and Entertainment, Government, Defense, Telecommunication, Automotive, Consumer Goods and Retail, Healthcare, Manufacturing, and others. The Consumer Goods and Retail segment generated the largest market share in 2021 based on the growing penetration of internet and increasing amount of consumer goods purchased on the Internet in Argentina.  8% of Argentina's total population is estimated to have used e-commerce services for the first time in self-isolation, and the number of people using E-commerce is expected to increase further as the current economic situation in the region continues. 

Argentina  Software Development Market drivers
Argentina’s software development is one of the major backbones of the South American IT market, and the growing number of unicorn IT companies in the region coupled with increasing interest of investors, is set to drive the growth of the underlying market. For instance, according to the 2019 Software And Computer Services Industry Permanent Observatory (OPPSI) report, the software development in Argentina is one of the major sources of foreign investments and account for 58% of the total investments. Furthermore, the emergence of successful software development companies in the region including  Globant, Prominente, Baufest, Neuralsoft, Calipso among others is set to boost the growth of the underlying market. 


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1. Argentina Software Development Market - Market Overview
    1.1 Definitions and Scope
2. Argentina Software Development Market - Executive Summary
3. Argentina Software Development Market - Startup companies Scenario Premium 
    3.1 Top startup company Analysis by
        3.1.1 Investment
        3.1.2 Revenue
        3.1.3 Market Shares
        3.1.4 Market Size and Application Analysis
        3.1.5 Venture Capital and Funding Scenario
4. Argentina Software Development Market – Industry Market Entry Scenario Premium 
    4.1 Regulatory Framework Overview
    4.2 New Business and Ease of Doing business index
    4.3 Case studies of successful ventures
    4.4 Customer Analysis - Top companies
5. Argentina Software Development Market - Market Forces
    5.1 Market Drivers
    5.2 Market Constraints
    5.3 Market Opportunities
    5.4 Porters five force model
        5.4.1 Bargaining power of suppliers
        5.4.2 Bargaining powers of customers
        5.4.3 Threat of new entrants
        5.4.4 Rivalry among existing players
        5.4.5 Threat of substitutes 
6. Argentina Software Development Market -Strategic analysis
    6.1 Value chain analysis
    6.2 Opportunities analysis
    6.3 Market life cycle
    6.4 Suppliers and distributors Analysis
7. Argentina Software Development Market – By Language (Market Size -US$ Million)
    7.1 Java
    7.2 JavaScript
    7.3 Python
    7.4 C++
    7.5 PHP
    7.6 Scala
    7.7 Ruby
    7.8 LISA
    7.9 Perl
    7.10 SQL
    7.11 Android
    7.12 iOS
    7.13 Others
8. Argentina Software Development Market– By Market Demand (Market Size -US$ Million)
    8.1 In House on Payroll
    8.2 Hired from Secondment Providers
    8.3 Hired Freelancers
    8.4 Fully Outsourced
9. Argentina Software Development Market– By Deployment Type (Market Size -US$ Million)
    9.1 On-Premise
    9.2 Cloud
10. Argentina Software Development Market– By Business Size (Market Size -US$ Million)
    10.1 Small and Medium Business
    10.2 Enterprise
    10.3 Government
11. Argentina Software Development Market - By End-use Industry (Market Size - US$ Million)
    11.1 Banking And Financial Institution
    11.2 Insurance Firms
    11.3 Media and Entertainment
    11.4 Government
    11.5 Defense
    11.6 Telecommunication
    11.7 Automotive
    11.8 Consumer Goods and Retail
    11.9 Healthcare
    11.10 Manufacturing
    11.11 Others

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