Software Development in Argentina’s Thriving Tech Hub

Argentina stands out as one of Latin America’s most innovative tech hubs. Its growth is powered by a highly skilled workforce, competitive costs, and a thriving startup ecosystem. Furthermore, software development in Argentina is a flourishing industry, which in turn attracts global businesses seeking quality engineering talent and IT solutions.

Argentina as an economy

Argentina, with a GDP of 640 billion USD, is a major Latin American economy rich in natural resources like fertile lands, gas, and lithium, alongside strong agricultural and energy sectors. After a 1.6% contraction in 2023 due to drought and macroeconomic challenges, the economy is stabilizing in 2024 under an IMF-backed program. Measures include fiscal consolidation, inflation control, and social protections. GDP is projected to shrink by 3.5% in 2024 before rebounding by 5% in 2025 with improved weather and energy investments. Inflation has eased, fiscal surplus returned, and reserves are set to grow by 10 billion USD.⁴

The economy of Argentina at a glance

	Gross Domestic Product
Annual GDP		USD 641 Billion (2023)
GDP Per Capita		USD 13,730 (2023)
Income Category		Upper Middle Income (2025)
	People
Population		45.8 million (2025)
Literacy Rate		97% (2001)
EF English Proficiency Index		High Proficiency (2024)
	IT Sector
IT Services Market Size		USD 3.1 Billion (2025)
IT Outsourcing Market Size		USD 468 Million (2025)
Registered Software Companies		5,900+ (2021)
	Business Environment
Ease of Doing Business		Score: 59 | Rank: 128 (2020)
Political Stability Indicator		Percentile Rank: 42 (2023)
Corruption Perceptions Index		Score: 37/100 | Rank: 98/180 (2023)

The Software Development and IT Landscape in Argentina

Software development in Argentina has seen remarkable growth over the past decade, with an increasing number of startups and established companies excelling in various fields. The country is renowned for its highly skilled workforce, particularly in software development and engineering. And it continues to capture attention in the tech world.

Buenos Aires has become a leading tech hub in Latin America. This rise is supported by a vibrant startup ecosystem, including accelerators and incubators nurturing innovation. Moreover, the government has actively promoted the industry with policies designed to encourage entrepreneurship and attract investment alongside diverse funding options for startups.

Additionally, Argentina’s software development sector benefits from several strategic advantages. Its geographic location serves as a gateway between North and South America, while operational costs remain lower than regional competitors such as Brazil and Chile. The country also has access to a sturdy infrastructure. With its talented workforce, supportive policies, emerging technologies like AI, and growing investor interest, Argentina’s tech industry is well-positioned for ongoing expansion and innovation.

Top Software Development and IT Employers in Argentina

The IT sector in Argentina boasts some of the most innovative and successful companies in Latin America. A standout is Mercado Libre, often called the “Amazon of Latin America.” Founded in Buenos Aires in 1999, this e-commerce giant now operates in 18 countries, including Argentina, Brazil, Mexico, and Colombia.

Another notable success is Globant, a software development firm headquartered in Buenos Aires. With a global presence and high-profile clients like Disney, Google, and American Express, Globant has become a leading tech exporter from Argentina.

Despegar.com, an online travel agency also founded in Argentina, has expanded its reach across Latin America. Listed on the New York Stock Exchange since 2017, it continues to grow and diversify its offerings.

These companies exemplify the thriving software development industry in Argentina. Besides them, we have sorted the top software development companies in terms of employee size that are operating in the country.

Reputed institutions in Argentina known to be the top sources of IT graduates

Here is a ranking of the top universities in Argentina for Computer Science; these were derived from a graph analyzing 1.12 million citations across 69.2K academic papers from 43 universities, with publication ratings adjusted for release dates to compute final scores. The ranking does not differentiate between undergraduate and graduate programs or account for current majors. For details on degrees offered, visit the university’s page, but confirm directly with the university’s website. Please note that the alumni in engineering roles may include other engineering domains other than computer science or software engineering.

Conclusion

The market for software development in Argentina is projected to grow by USD 7.71 billion at an 8.81% CAGR from 2023 to 2028. The market’s growth trajectory is shaped by various factors, notably the heightened embrace of cloud-based services, reflecting a broader trend of digital transformation. This is complemented by a surge in IT consolidation and modernization efforts as businesses seek to streamline their operations and enhance efficiency. Key players include Apple, IBM, Microsoft, and Accenture, among others, offering services in cloud infrastructure, data centers, and IT solutions, reflecting a dynamic, tech-driven landscape.

If you’re looking to outsource in Argentina 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 Argentina has to offer!

References

[1] The Rise of Argentina’s Technology Industry: An Overview of Opportunities and Trends ↩

[2] Why Outsource Software Development to Argentina ↩

[3] Argentina Information Technology (IT) Market by Application, End-user and Type – Forecast and Analysis 2024-2028 ↩

[4] The World Bank in Argentina ↩