Forecast: Exports of ICT Services in Chile

The exports of ICT services in Chile have shown considerable variation over the past decade. From 2013 to 2016, there was a general decline, with notable drops in 2013 and 2015. However, since 2017, the trend started to shift positively, showing substantial growth particularly in 2021 with a 30.17% year-on-year increase. By 2023, the value of ICT services exports stood at $517.67 million, marking a 2.01% increase from the previous year. Over the last five years, the Compound Annual Growth Rate (CAGR) has averaged at 7.93%.

Looking ahead, the forecast indicates steady growth in ICT services exports, with values expected to reach $573.24 million by 2028. The forecasted five-year CAGR is 1.62%, and a cumulative growth rate of 8.36% is anticipated over the same period.

Future Trends to Watch For:

• Continued growth in digital transformation and software-as-a-service (SaaS) solutions.
• Increasing demand for cybersecurity services.
• Enhanced integration and use of artificial intelligence (AI) and machine learning (ML) technologies.
• Expansion of telecommunication networks and infrastructure improvements.