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Nearshore Software Development in Latin America

North America accounts for approximately two-thirds of the global digital transformation market, while Europe and Asia each represent about 20 percent. Products and services are delivered from various regions, regardless of where they are consumed. Several companies have technical teams distributed across different locations. We identify four primary service delivery regions: North America, Latin America, Eastern Europe, and South Asia (primarily India). The following analysis focuses on countries and technical talent in Latin America.


Latin America comprises over 30 countries. Its time zone alignment with North America makes it an attractive location for serving North American customers. Many technology service organizations maintain a global presence and leverage talent in Latin America. The tables below summarize our research on the region, focusing on 12 key countries.

Most line items are self-explanatory. The FDI Net Inflow Share by Country indicates the percentage of foreign direct investment each country receives, from -4.9% in Uruguay to 5.6% in Costa Rica. Time zone differences may change during the year due to daylight saving time in the US. We have included all identified universities and graduate institutions, not only technical ones.


This analysis consolidates data from various public and private sources with differing precision and coverage. While individual figures may vary, the data provides a representative view of regional and country-level trends.

Elaxtra Advisors is an M&A and value-creation advisory firm that assists institutional investors, private equity-owned platforms, and strategic acquirers invest and create value in worldwide technology services companies. Please contact us to explore potential partnerships.