12 Mar 2025 
Contents
Outsourcing software development in Colombia is a strategic choice for companies looking to leverage a skilled workforce, a favorable business environment, and a convenient time zone for nearshoring. With a growing IT industry, Colombia is positioning itself as one of Latin America’s top destinations for software outsourcing. Competitive pricing, and a strong talent pool help this economy to be an ideal location for software development outsourcing. This article explores Colombia’s global position as a software outsourcing hub and its potential for continued growth in the global IT landscape.
Colombia as an Economy
Colombia has a diverse economy. Its significant contributors are agriculture, industry, and services. Additionally, the expanding IT sector is making Colombia an attractive destination for global businesses seeking high-quality software development outsourcing.
Despite challenges like inflation and unemployment, Colombia has maintained a healthy economic trajectory, avoiding a debt crisis and positioning itself as a hub for innovation, particularly in IT. The Colombian government has invested in technology and infrastructure, encouraging the growth of the IT outsourcing market. This sector plays an increasingly crucial role in the country’s economy.
The economy of Colombia at a glance
 |
Gross Domestic Product | |
| Annual GDP | USD 364 Billion (2023) | |
| GDP Per Capita | USD 6,947 (2023) | |
| Income Category | Upper-middle Income (2023) | |
 |
People | |
| Population | 53.2 Million (2025) | |
| Literacy Rate | 96% (2017) | |
| EF English Proficiency Index | Low Proficiency (2024) | |
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IT Sector | |
| IT Services Market Size | USD 2.2 Billion (2025) | |
| IT Outsourcing Market Size | USD 755 Million (2025) | |
| Registered Software Companies | 400+ (2024) | |
 |
Business Environment | |
| Ease of Doing Business | Score: 70/100 | Rank: 67 (2020) | |
| Political Stability Indicator | Percentile Rank: 19 (2023) | |
| Corruption Perceptions Index | Score: 40/100 | Rank: 87/180 (2023) | |
IT Services Market in Colombia
The IT services market in Colombia is set to grow significantly. And its revenue is expected to reach 2.17 billion USD by 2025. A major factor driving this growth is the strong performance of IT and software outsourcing, which is projected to account for 0.76 billion USD of the market. The market is forecast to grow steadily, with a 6.29% annual growth rate from 2025 to 2029, and reach 2.77 billion USD by 2029.
Investment in IT services is also on the rise. Companies are spending an average of 82.76 USD per employee in 2025. This investment highlights the importance of IT services in Colombia’s economic development. The growing demand for cloud computing and cybersecurity solutions further fuels the sector’s expansion. These make Colombia an increasingly important player in the global IT market.1
IT Outsourcing Market in Colombia
Colombia ranked 11th in the Global Service Location Index 2023. The economy is home to a large pool of highly qualified IT specialists. Furthermore, the government’s strategic investments in the IT industry has made the country an attractive destination for outsourcing software development. Additionally, the country’s bilingual workforce and strong technological capabilities are driving the establishment of new contact centers.2
The IT outsourcing market in Colombia is set to grow significantly. Its projected revenue being 755.3 million USD by 2025. Between 2025 and 2029, the market is expected to expand at a 9.43% annual growth rate, reaching 1.08 billion USD by 2029. This growth is driven by Colombian companies seeking cost-effective, specialized expertise and scalable IT solutions to meet their evolving needs.
Colombia’s favorable business environment, along with its strategic location and convenient time zone, makes it an ideal choice for US companies looking to nearshore their IT services. The country’s economic stability and skilled workforce continue to support the expansion of its IT outsourcing market.3
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Discover CompaniesTop Software Development and IT Employers in Colombia
We have sorted a list of top companies that employ the highest number of IT professionals in Colombia. We have analyzed publicly available information on IT companies and sorted a list of the top 10 firms based on employee count in Colombia. While our emphasis was on employee quantity, it’s worth recognizing that certain companies, although esteemed for their quality in the market, may not appear on or rank highly in the list due to their smaller employee size.
Fedesoft Colombia
The Colombian Federation of the Software and Related Information Technology Industry (Fedesoft Colombia) stands as a leader in Colombia’s software and technology sector, bolstering outsourcing software development in Colombia. With over 30 years of experience in the sector as a trade federation, it drives competitiveness, fosters professional development, and champions the industry’s global recognition. By bringing together innovative companies, Fedesoft shapes Colombia’s technological progress, paving the way for a thriving and globally impactful digital future.
Reputed Institutions for Higher IT Education in Colombia
The following list highlights the top 25 universities in Colombia, ranked according to their research performance in computer science. The rankings were determined by analyzing 668,000 citations from 72,600 academic papers produced by 49 universities in the country. These publication ratings were adjusted for release dates and incorporated into the final scores.4 Please note that the alumni in engineering roles may include other engineering domains other than computer science or software engineering since we have taken the filtered count from their LinkedIn pages and sorted the list in descending order.
Conclusion
Outsourcing software development in Colombia is a strategic decision for companies seeking high-quality, cost-efficient IT solutions in a thriving business environment. Colombia’s IT sector’s steady growth, driven by increasing demand for IT outsourcing and advanced technologies such as cloud computing and cyber-security, positions Colombia as a key player in the global IT landscape. The country’s focus on education and professional development through reputable institutions and government initiatives ensures a continuous supply of qualified talent. The presence of leading global and local companies further solidifies its status as a hub for innovation and technological advancement.
If you’re looking to outsource in Colombia and tap into its thriving IT sector, let us help you connect with the best companies through Enosis Outsourcing. Contact us today to learn more and explore the opportunities Colombia has to offer!
References
[1] IT Services – Colombia | Statista Market Forecast ↩
[2] Regenerative talent pools | Kearney ↩
[3] IT Outsourcing – Colombia | Statista Market Forecast ↩
[4] Computer Science in Colombia: 49 Best universities Ranked ↩
