Market Overview
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 17.78 Billion |
| Market Size (2030) | USD 26.68 Billion |
| Growth Rate (2025 - 2030) | 8.46% CAGR |
| Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
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Chile ICT Market Analysis by Mordor Intelligence
The Chile ICT market size stood at USD 17.78 billion in 2025 and is forecast to reach USD 26.68 billion by 2030, advancing at an 8.46% CAGR. The growth momentum keeps the Chile ICT market at the forefront of Latin America’s digital transition as the Chile Digital 2035 program aligns public funding with private megaprojects. Hyperscalers’ commitments—Amazon’s USD 4 billion cloud region and Google’s new trans-Pacific cable—signal confidence in resilient infrastructure, while the National Data Centers Plan targets a further USD 2.5 billion influx. Renewable power exceeding 80% by 2030, 147% mobile penetration, and 91% household internet access underpin sustained service uptake. Yet peso volatility, a 6,000-person talent shortfall, and rising cybersecurity risks create cost pressure and execution risk even as 75%-84% of surveyed firms report positive AI returns.
Key Report Takeaways
- By type, Communication Services led with 40.2% of the Chile ICT market share in 2024, whereas IT Security/Cybersecurity is projected to expand at a 12.8% CAGR through 2030.
- By end-user enterprise size, Large Enterprises held 60.2% share of the Chile ICT market in 2024, while the SME segment shows the fastest 10.1% CAGR to 2030.
- By end-user industry, BFSI accounted for 24.5% share of the Chile ICT market size in 2024, whereas Government services are growing at a 10.4% CAGR.
- By deployment mode, cloud solutions captured 65.4% of the Chile ICT market size in 2024 and are rising at an 11.9% CAGR as local data-center capacity multiplies.
Chile ICT Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Chile Digital 2035 program accelerates ICT outlays | +1.8% | National; early traction in Santiago, Valparaíso, Concepción | Medium term (2-4 years) |
| Fixed-line and mobile broadband leadership sustains digital demand | +1.2% | Nationwide, strongest in urban cores | Long term (≥ 4 years) |
| Hyperscale data-center build-out boosts capital expenditure | +2.1% | Santiago metro, expanding regionally | Short term (≤ 2 years) |
| 5G and fiber rollouts widen high-value service opportunities | +1.5% | National; mining and port corridors prioritized | Medium term (2-4 years) |
| Lithium-powered green-energy data centers attract FDI | +0.9% | Atacama Desert and northern renewables corridor | Long term (≥ 4 years) |
| Cybersecurity Framework Law mandates new security budgets | +1.1% | Nationwide; critical infrastructure operators | Short term (≤ 2 years) |
Source: Mordor Intelligence
Government “Chile Digital 2035” Implementation Accelerating ICT Spend
Chile increased its 2025 digital budget by 64%, aiming for 95% of public services online by year-end, which opens procurement pipelines for integrators and cloud vendors. The National Data Centers Plan’s USD 2.5 billion target encourages joint financing, while AI R&D grants of up to USD 7 million attract leading chipmakers and model developers. Expanded CORFO vouchers now subsidize SME automation, addressing a gap where only 20% of firms use electronic invoicing. These moves anchor the Chile ICT market in long-cycle public–private partnerships that cushion currency swings.
Fixed and Mobile Broadband Leadership Sustains Demand
Nearly two-thirds of fixed subscriptions are now fiber, and Chile’s 5G coverage is on track to hit 90% in 2025, underpinning robust digital consumption [1]Huawei, “5G Reaches Puerto Williams,” huawei.com. Entel alone earmarked USD 618 million for 2024 upgrades, while neutral-host newcomer On*Net lowers entry costs for ISPs. Higher network quality feeds a feedback loop of streaming, fintech, and IoT uptake that lifts average revenue per user and secures funding for further roll-outs. As a result, the Chile ICT market captures premium service spend even when macro headwinds squeeze disposable income.
Cloud and Hyperscale Data-Center Build-Out Lifts Capex
Amazon’s USD 4 billion cloud region, scheduled to go live in late 2026, stands as Chile’s largest ICT capital project. Oracle became the first vendor with dual domestic regions, and Equinix invested USD 130 million in its Santiago facility. Abundant solar and wind capacity—targeting 80% grid share by 2030—offers sub-USD 0.03 per kWh power that satisfies hyperscalers’ green mandates. Local availability zones shorten latency for AI workloads and are set to keep the Chile ICT market’s infrastructure layer on a double-digit growth trajectory.
5G and Fiber Rollout Expands High-Value Services
A policy tilt toward industrial 5G accelerates uptake in mining, logistics, and finance. Huawei and Movistar proved use-case viability by lighting Puerto Williams, the planet’s southernmost town, with 5G [2] Logicalis, “Logicalis to Acquire Coasin,” logicalis.com. Entel’s 800 Gbit backbone and F5G-A trials position Chile for sub-5 ms latency essential to autonomous haulage trucks in the copper belt. Satellite complements such as Starlink extend reach to Patagonia, mitigating geography’s constraints and allowing the Chile ICT market to monetize edge computing beyond metropolitan clusters.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Peso volatility and below-trend GDP growth pressure ICT budgets | -1.4% | Nationwide; SME capex hardest hit | Short term (≤ 2 years) |
| Acute digital-talent shortage raises wages and project lead times | -0.8% | Santiago core; spreading to regional hubs | Medium term (2-4 years) |
| Skills mismatch limits multi-cloud and AI adoption | -0.6% | Public sector and provincial enterprises | Medium term (2-4 years) |
| Regional digital divide curbs rural service monetization | -0.5% | Southern and Andean rural communes | Long term (≥ 4 years) |
Source: Mordor Intelligence
Peso Volatility and GDP Headwinds Squeeze ICT Budgets
Chile’s medium-term GDP outlook of 2.2% trails regional peers, and peso swings complicate multiyear IT contracts. Fiscal consolidation targets have delayed some ministry projects, while SMEs often defer upgrades when imported hardware costs spike. The Chile ICT market remains cushioned by annuity-style cloud subscriptions denominated in USD, yet discretionary spending on devices and bespoke software shows sensitivity to exchange-rate shocks.
Acute Digital-Talent Shortage Inflates Wages and Lead Times
A 6,000-person shortfall in cybersecurity and cloud roles pushes median specialist pay to CLP 15 million per year, widening a wage gap that smaller firms cannot bridge. Only 9% of professionals report multi-cloud proficiency, forcing integrators to import talent or run overtime shifts. Public agencies cite skills deficits in 64% of stalled projects, extending delivery times that can erode policy momentum and curb Chile ICT market expansion.
Segment Analysis
By Type: Communication Services Lead, Security Surges
Communication Services retained a 40.2% slice of the Chile ICT market in 2024, supported by unmatched mobile and fiber penetration. Growth moderates as saturation sets in, yet recurring revenue streams finance 5G upgrades that enable value-added edge analytics. IT Security/Cybersecurity, helped by the 2025 Framework Law, races ahead at a 12.8% CAGR as boards approve standalone budgets and insurers impose compliance clauses.
The IT Services branch benefits from managed service contracts among SMEs lacking in-house admins. Hardware vendors face shrinking margins as enterprises pivot from servers to cloud, while the data-center build-out keeps demand alive for high-density racks. As service portfolios evolve, end-to-end security orchestration becomes a differentiator inside the Chile ICT market.
Note: Segment shares of all individual segments available upon report purchase
By End-User Enterprise Size: SMEs Accelerate Despite Constraints
Large Enterprises commanded 60.2% of spending in 2024, anchored by banks, retailers, and miners with decade-long digital roadmaps. They are early adopters of AI-infused ERPs and multi-cloud governance tools that drive cross-domain revenue. SMEs, however, post the quickest 10.1% CAGR thanks to subsidies and simplified SaaS packages that bypass capex barriers.
Government vouchers and Microsoft’s Desafío Startups credits reduce onboarding friction, while managed security services plug expertise gaps. As fiber reaches secondary cities, more SMEs migrate point-of-sale and payroll to the cloud, expanding the Chile ICT market’s long-tail revenue pool even as credit constraints persist.
By End-User Industry: Government Modernization Drives Growth
BFSI retained a 24.5% share of the Chile ICT market size in 2024 as neobanks, retail payment rails, and open-banking APIs reinforced digitization. Biometric KYC and AI risk analytics turn compliance from cost center to competitive edge. Government ICT spend, propelled by a 10.4% CAGR, underwrites e-procurement, identity services, and threat-intelligence platforms that harden critical infrastructure.
Manufacturing pivots to Industry 4.0 modules in copper and lithium mines, leveraging real-time telemetry for predictive maintenance. Energy and Utilities digitize grid assets while retailers exploit 70% e-commerce penetration for omnichannel analytics. Cross-sector AI pilots prove ROI, accelerating cloud migration across the Chile ICT market.
Note: Segment shares of all individual segments available upon report purchase
By Deployment Mode: Cloud Dominance Accelerates
Cloud solutions held 65.4% of 2024 spending and are growing at 11.9%, powered by local availability zones that satisfy data-sovereignty rules. Low-latency connections shorten inference times for machine-learning workloads, and consumption-based billing aligns with CFO mandates. Some banks keep core ledgers on-premise, preserving hybrid footprints, yet SaaS penetration in HR, CRM, and analytics reduces on-site racks.
Hyperscaler investment also catalyzes an ecosystem of regional MSPs offering FinOps and DRaaS. As cyber rules tighten, cloud native security platforms gain preference, further reinforcing the primacy of cloud inside the Chile ICT market.
Geography Analysis
Santiago generates nearly 70% of Chile ICT market revenue, buoyed by dense fiber, skilled labor, and the bulk of data-center megaprojects. Cluster effects draw fintechs and AI labs that rely on proximity to cloud zones and venture capital.
Valparaíso and Concepción form the second tier: university R&D keeps a pipeline of developers, while port automation fuels IoT deployments. The Humboldt submarine cable’s landing station in Valparaíso adds international bandwidth, positioning the region as a continental interconnection node.
Northern Atacama combines cheap solar yields with arid cooling conditions, attracting green data-center builds that serve both domestic and regional clients. Southern Patagonia, though sparsely populated, benefits from satellite-enabled 5G backhaul that supports aquaculture telemetry. These dynamics diversify growth nodes and reduce over-reliance on the capital, strengthening resilience across the Chile ICT market.
Competitive Landscape
Global hyperscalers dominate cloud infrastructure: AWS’s forthcoming region, Microsoft’s multi-zone presence, and Oracle’s dual facilities collectively secure price leadership. Domestic telcos Entel, Claro, and Movistar compete on bundled 5G-fiber and edge compute kits tailored to mining and logistics.
Local integrator Sonda leverages deep public-sector credentials to broker cross-cloud projects, while the Chile ICT industry sees mid-tier players merging for scale—Logicalis’ planned purchase of Coasin exemplifies this push [3]Entel, “Integrated Report 2024,” entel.cl.
Cybersecurity remains the most fragmented niche: hundreds of MSSPs chase compliance contracts spawned by the new framework law. Vendors with in-house training academies gain hiring leverage amid the talent crunch, and sustainability pledges become tender differentiators as agencies embed carbon scoring in RFPs. These competitive vectors ensure continuous innovation inside the Chile ICT market.
Chile ICT Industry Leaders
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AWS Chile (Amazon.com Inc.)
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Microsoft Corporation
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Huawei Technologies Co. Ltd.
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Entel S.A.
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Telefónica Chile S.A. (Movistar)
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- June 2025: Google agreed to deploy a trans-Pacific cable linking Chile to Asia-Pacific landing points, enhancing redundancy.
- May 2025: Amazon confirmed a USD 4 billion Chilean cloud region, scheduled for late 2026 operations.
- January 2025: Chile’s Cybersecurity Framework Law entered force, creating the National Cybersecurity Agency and mandating controls for critical operators.
- December 2024: The Ministry of Science launched a USD 2.5 billion National Data Centers Plan, including AI R&D co-funding.
Chile ICT Market Report Scope
Chile's ICT market includes deep analysis of critical technology investments such as cloud technologies and artificial intelligence.
Chile's ICT Market is segmented by type (hardware, software, IT services, telecommunication services), by the size of the enterprise (small and medium enterprises, large enterprises), by end-user vertical (BFSI, IT & Telecom, government, retail, and E-Commerce, manufacturing, energy, and utilities, and other industry verticals).
The market sizes and forecasts are provided in value (USD million) for all the above segments.
| By Type | IT Hardware | Computer Hardware | ||
| Networking Equipment | ||||
| Peripherals | ||||
| IT Software | ||||
| IT Services | Managed Services | |||
| Business Process Services | ||||
| Business Consulting Services | ||||
| Cloud Services | ||||
| IT Infrastructure / Data Centers | ||||
| IT Security / Cybersecurity | Solutions | Application Security | ||
| Cloud Security | ||||
| Data Security | ||||
| Identity and Access Management | ||||
| Infrastructure Protection | ||||
| Integrated Risk Management | ||||
| Network Security Equipment | ||||
| Other Solutions | ||||
| Services | Professional Services | |||
| Managed Services | ||||
| Communication Services | ||||
| By End-user Enterprise Size | Small and Medium Enterprises | |||
| Large Enterprises | ||||
| By End-user Industry | BFSI | |||
| IT and Telecom | ||||
| Government | ||||
| Retail and E-commerce | ||||
| Manufacturing | ||||
| Healthcare | ||||
| Energy and Utilities | ||||
| Others | ||||
| By Deployment Mode | On-premise | |||
| Cloud | ||||
By Type
| IT Hardware | Computer Hardware | ||
| Networking Equipment | |||
| Peripherals | |||
| IT Software | |||
| IT Services | Managed Services | ||
| Business Process Services | |||
| Business Consulting Services | |||
| Cloud Services | |||
| IT Infrastructure / Data Centers | |||
| IT Security / Cybersecurity | Solutions | Application Security | |
| Cloud Security | |||
| Data Security | |||
| Identity and Access Management | |||
| Infrastructure Protection | |||
| Integrated Risk Management | |||
| Network Security Equipment | |||
| Other Solutions | |||
| Services | Professional Services | ||
| Managed Services | |||
| Communication Services | |||
By End-user Enterprise Size
| Small and Medium Enterprises |
| Large Enterprises |
By End-user Industry
| BFSI |
| IT and Telecom |
| Government |
| Retail and E-commerce |
| Manufacturing |
| Healthcare |
| Energy and Utilities |
| Others |
By Deployment Mode
| On-premise |
| Cloud |
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Key Questions Answered in the Report
What is the current value of the Chile ICT market?
The Chile ICT market size was USD 17.78 billion in 2025 and is projected to hit USD 26.68 billion by 2030.
Which segment is expanding fastest in the Chile ICT market?
IT Security/Cybersecurity is the quickest-growing segment, advancing at a 12.8% CAGR as new regulations mandate protection budgets.
How dominant is cloud deployment in Chile?
Cloud solutions captured 65.4% of 2024 spending and are set to grow at 11.9% annually, supported by new hyperscale regions.
Why is government spending important to the Chile ICT market?
The Chile Digital 2035 program boosted the 2025 digital budget by 64%, driving demand for e-government platforms and cybersecurity.
Page last updated on: July 3, 2025
