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Information Technology (IT) Market Size In Chile is set to grow by USD 4.76 billion from 2024-2028, Increased adoption of cloud-based services boost the market, Technavio

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NEW YORK, July 24, 2024 /PRNewswire/ — The information technology (IT) market size in Chile is estimated to grow by USD 4.76 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 9.59% during the forecast period. Increased adoption of cloud-based services is driving market growth, with a trend towards emergence of AI. However, data privacy and security risk in cloud-based services poses a challenge. Key market players include Accenture Plc, ADEXUS S.A, Alphabet Inc., Amisoft, Atos SE, Cisco Systems Inc., Dassault Systemes SE, Deloitte Touche Tohmatsu Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Infosys Ltd., International Business Machines Corp., Microsoft Corp., NetApp Inc., Oracle Corp., SAP SE, Schneider Electric SE, SONDA S.A., Tata Consultancy Services Ltd., and Verizon Communications Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Information Technology (IT) Market In Chile Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 9.59%

Market growth 2024-2028

USD 4769.5 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.53

Regional analysis

Chile

Performing market contribution

South America at 100%

Key countries

Chile and South America

Key companies profiled

Accenture Plc, ADEXUS S.A, Alphabet Inc., Amisoft, Atos SE, Cisco Systems Inc., Dassault Systemes SE, Deloitte Touche Tohmatsu Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Infosys Ltd., International Business Machines Corp., Microsoft Corp., NetApp Inc., Oracle Corp., SAP SE, Schneider Electric SE, SONDA S.A., Tata Consultancy Services Ltd., and Verizon Communications Inc.

Market Driver

Chilean enterprises are integrating Artificial Intelligence (AI) into their IT services to automate processes, enhance efficiency, and reduce costs associated with paperwork. AI improves information services by categorizing and tagging data, applying structure to unstructured data, streamlining information, enhancing security, and improving data quality. In October 2021, Chile presented its National Policy on AI, which serves as a roadmap for AI development and adoption. This trend is expected to boost the IT market in Chile by increasing the efficiency of vendors and driving growth during the forecast period. 

The Information Technology market in Chile is experiencing significant growth, driven by trends such as cloud computing, machine learning, and big data. Businesses and organizations in various sectors like hospitals, banks, shops, prisons, hotels, airports, and train stations are increasingly adopting IT solutions for automation and data analytics. The IT industry is innovating at a rapid scale, with a focus on database management, software AI, and 5G network rollout. According to market analysts, the technological industry in Chile is expected to grow, with an emphasis on cybersecurity due to the rise in cyberattacks. The government is providing support through initiatives like the Internet of Things and Chile Hardware and Chile Personal Computer projects. The IT sector is also seeing the integration of computers and internet into daily life, leading to increased private and government consumption. Data centers and libraries are becoming essential for effective database management. Overall, the IT market in Chile is poised for growth and innovation. 

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Market Challenges

The IT market in Chile faces significant challenges in the adoption of cloud services due to data privacy and security risks. Cloud security management is a complex task for vendors, as online data needs to be secured from unauthorized access to cloud-based infrastructure. Public cloud infrastructure, with its multi-tenant architecture and shared resources, is particularly vulnerable to cyber-attacks. Hackers can easily gain access to cloud-based data storage systems, putting organizations at risk. Vendors must encrypt clients’ data and implement multi-factor authentication systems to secure access to IT systems. Regulatory guidelines for cloud security management should also be followed. The ease of procuring and accessing cloud services can provide hackers with opportunities to exploit loopholes and vulnerabilities. The increasing adoption of cloud services in Chile over the past few years has led to a rise in cybersecurity threats. In August 2022, a Chilean government agency experienced a ransomware attack targeting Microsoft tools and VMware ESXi servers. To mitigate these risks, vendors must prioritize data privacy and security in their cloud offerings.The Chilean IT market is thriving, with key sectors like hospitals, banks, shops, prisons, hotels, airports, and train stations investing heavily in IT. Database management and libraries are essential for effective data handling. Challenges include ensuring cyber security for sensitive information. Government consumption, private consumption, and telecommunication services drive market growth. The Internet of Things (IoT) is transforming industries, requiring advanced IT infrastructure and 5G network support. Chile’s hardware sector includes companies like Chile Hardware and Chile Personal Computer. IT investments in software, IT services, and ICT market segments continue to grow. Digital technology trends include artificial intelligence, robotics, and cyber security. Internet penetration and broadband consumption are increasing, fueling the demand for IT solutions. Government support for IT development is crucial for continued growth. Overall, the Chilean IT market offers significant opportunities for businesses and investors.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This information technology (it) market in Chile report extensively covers market segmentation by  

Type 1.1 Services1.2 Hardware1.3 SoftwareEnd-user 2.1 BFSI2.2 IT and telecom2.3 Government2.4 Healthcare2.5 OthersGeography 3.1 South America

1.1 Services-  The IT services market in Chile encompasses consulting, learning and training, development and integration, hardware maintenance and support, IT management, process management, and software support. The consulting and software maintenance and support services segments are poised for growth due to the need for improved business delivery systems and cost-effective models. The shift from on-premises to cloud-based software and IT infrastructure deployment is another significant factor driving market expansion. Enterprises in Chile are adopting cloud-based services to modernize their businesses and leverage technologies like Big Data, AI, and IoT. This digital transformation is expected to boost the demand for IT services, including education and training, during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Motion Sickness Drugs Market is experiencing significant growth due to increasing travel activities and the rising prevalence of motion sickness. Key players are focusing on innovative product development and expanding distribution channels to cater to a broader audience. Meanwhile, the global Information and Communications Technology (ICT) Services in Education Market is rapidly evolving with the integration of advanced technologies in educational systems. This market is driven by the demand for enhanced learning experiences, digital transformation in education, and government initiatives supporting ICT adoption in schools and universities.

Research Analysis

The Information Technology (IT) market in Chile is experiencing significant growth, driven by increasing demand for digital transformation across various industries. The market encompasses ICT (Information and Communication Technology) sectors, including hardware, software, IT services, and telecommunication services. Chile’s IT industry is witnessing substantial investments in digital technology, with a focus on cyber security, artificial intelligence, robotics, and automation. The enterprise size spectrum, from small to large, is embracing IT solutions to streamline operations and enhance productivity. Chile’s cybersecurity landscape is evolving, with growing concerns over data privacy and protection. The rollout of 5G networks is expected to revolutionize the IT industry, boosting broadband consumption and cloud computing adoption. Data analytics, machine learning, big data, and data center solutions are gaining traction, fueled by the increasing availability of data and the need for actionable insights. The IT industry is also grappling with cyberattacks, emphasizing the importance of robust security measures. Analysts predict continued growth in IT investments, IT infrastructure development, and technological innovation in Chile.

Market Research Overview

ai_research_analyst_overview

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeServicesHardwareSoftwareEnd-userBFSIIT And TelecomGovernmentHealthcareOthersGeographySouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Norck Expands Custom Manufacturing Services with Enhanced Precision CNC Machining, Engineering Support, and Curated Network of Select Manufacturing Partners

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19 minutes ago

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November 16, 2024

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Norck, a global leader in on demand manufacturing, has expanded its services to include precision CNC machining, custom component manufacturing, and on-demand solutions. The company’s curated network of trusted manufacturing partners and personalized one-on-one engineering support set it apart from automated platforms. Serving industries such as aerospace, defense, robotics, and medical, Norck delivers high-quality, precision-engineered components tailored to specific needs. With capabilities in CNC machining, 3D printing, and hybrid manufacturing, Norck empowers businesses to innovate and scale efficiently. Visit www.norck.com for more information.

IRVINE, Calif. and MANNHEIM, Germany, Nov. 16, 2024 /PRNewswire-PRWeb/ — Norck, a global leader in advanced manufacturing and custom component production, is proud to announce a major expansion of its services, focusing on precision CNC machining, custom component manufacturing, and on-demand CNC machining. A key highlight of this growth is the enhancement of Norck’s curated network of select manufacturing partners, ensuring clients benefit from the highest quality standards and consistent reliability.

By partnering with only the best manufacturers, we ensure that every project meets our clients’ exacting standards. Combined with our one-to-one engineering support, this approach guarantees a superior manufacturing experience.

Complementing its growing capabilities, Norck reaffirms its commitment to personalized, one-to-one engineering and design support, setting it apart from competitors with automated platforms. With a strategic combination of expert guidance and a carefully vetted partner network, Norck is revolutionizing the way businesses approach custom parts manufacturing.

Norck’s Motto: “Prototype. Manufacture. Scale Up. On Demand.”

This guiding principle reflects Norck’s dedication to delivering seamless, end-to-end solutions that meet the dynamic needs of modern industries. From initial prototyping to full-scale production, Norck empowers businesses to innovate and grow with speed and precision.

Expanding a Curated Network of Trusted Manufacturing Partners

Norck’s curated network of select manufacturing partners brings together top-tier facilities specializing in CNC machining, injection molding, and metal 3D printing. Each partner is carefully vetted for quality, reliability, and expertise, ensuring seamless collaboration and superior results.

Key Benefits of Norck’s Manufacturing Partner Network:

Consistent Quality Standards: Partners are selected based on strict adherence to global certifications such as ISO 9001 and AS9100.Diverse Capabilities: Access to advanced manufacturing technologies, including custom CNC machining, custom component manufacturing, and on-demand sheet metal fabrication.Streamlined Project Management: Norck acts as a single point of contact, managing every aspect of production and ensuring seamless coordination across its network.

“Our curated network is an integral part of delivering exceptional results to our clients,” said Faruk Guney, CEO of Norck. “By partnering with only the best manufacturers, we ensure that every project meets our clients’ exacting standards. Combined with our one-to-one engineering support, this approach guarantees a superior manufacturing experience.”

Personalized Engineering and Design Support

Unlike platforms that rely heavily on automation, Norck emphasizes a one-on-one collaboration model with clients. This personalized approach ensures that designs are optimized for manufacturability, cost-efficiency, and performance before production begins.

Key Features of Norck’s Engineering and Design Support:

Dedicated Design Consultants: Clients work with experienced engineers who understand their unique requirements and industry challenges.

Seamless Iteration: From concept refinement to rapid prototyping, Norck supports clients at every step to perfect their designs.

Material Selection Guidance: Expert advice to choose the best materials for durability, performance, and cost-effectiveness.

Feasibility Analysis: Comprehensive evaluations to ensure manufacturability and optimal production outcomes.

Precision CNC Machining and Custom Component Manufacturing

Norck’s precision CNC machining services are at the forefront of its manufacturing offerings. With a focus on high-quality production and design optimization, Norck delivers custom CNC parts and components that meet even the most complex specifications.

Key Highlights:

On-Demand CNC Machining: Rapid, efficient production tailored to client needs, from prototypes to large-scale production.

Wire EDM Services: Precision machining for intricate designs requiring tight tolerances.

Custom CNC Machining Near Me: Localized support through Norck’s extensive partner network for faster turnaround times and convenience.

Advanced Metal 3D Printing Services

Norck has also enhanced its metal 3D printing services, providing innovative solutions for lightweight and complex custom metal parts. These services are integrated with Norck’s engineering support to ensure clients achieve the perfect balance of creativity and manufacturability.

Key Features:

Custom Metal 3D Printing: Production of intricate and durable components for aerospace, automotive, and medical applications.Hybrid Manufacturing Solutions: Combining CNC machining and 3D printing for advanced design possibilities.Injection Molding and On-Demand Sheet Metal FabricationNorck’s comprehensive offerings include injection molding and on-demand sheet metal fabrication, enabling clients to produce high-quality custom parts at scale. By leveraging its curated network, Norck delivers consistent results across all manufacturing disciplines.

Industries Served

Norck proudly serves a diverse range of industries, providing tailored solutions to meet specific sector requirements:

Norck offers specialized manufacturing solutions across various industries, delivering precision-engineered components and services tailored to each sector’s unique requirements.

Aerospace: Norck provides high-precision components that meet stringent aerospace standards, ensuring safety and reliability in critical applications.

Defense: Supplying robust and reliable parts, Norck supports mission-critical defense systems and equipment, adhering to rigorous quality and performance criteria.

Robotics: Norck creates intricate components essential for the efficient operation of robotic systems and automation technologies, enhancing performance and precision.

Automotive: Manufacturing custom parts, Norck enhances vehicle performance, durability, and safety across various automotive applications.

Medical: Producing biocompatible and precision-engineered components, Norck supports medical devices, surgical tools, and healthcare technologies, ensuring safety and efficacy.

Consumer Products: Producing high-quality, durable components, Norck serves a wide range of consumer goods, from electronics to appliances, ensuring product longevity and reliability.

Industrial: Providing durable and reliable parts, Norck supports machinery, tools, and industrial systems, ensuring operational efficiency and longevity.

Hardware: Crafting precision hardware components, Norck caters to construction, infrastructure, and various manufacturing applications, meeting specific project needs.

Electronics: Delivering custom components, Norck supports electronic devices, ensuring compatibility and performance in advanced systems.

Energy: Supplying high-performance parts, Norck serves renewable energy, oil and gas, and power generation applications, contributing to efficient energy solutions.

Norck’s tailored solutions ensure each industry’s unique requirements are met with precision and reliability, reinforcing its commitment to quality and innovation.

About Norck

Norck is a global leader in advanced manufacturing, specializing in precision CNC machining, custom component manufacturing, metal 3D printing, and injection molding. With a strong commitment to innovation, quality, and customer satisfaction, Norck delivers tailored manufacturing solutions to businesses worldwide. By combining personalized engineering support, cutting-edge technologies, and a curated network of trusted manufacturing partners, Norck empowers industries to achieve their most ambitious goals.

For more information about Norck’s services and solutions, visit www.norck.com

Media Contact

Dennis Weiss, NORCK INC – NORCK GMBH, 1 949-232-0251, ed@norck.com, www.norck.com

Ed Braun, NORCK INC – NORCK GMBH, www.norck.com

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SOURCE NORCK INC – NORCK GMBH; NORCK INC – NORCK GMBH

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Intercos Korea Inc. Press Release

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19 minutes ago

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November 16, 2024

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MILAN, Nov. 16, 2024 /PRNewswire/ — Intercos Korea Inc. wishes to provide its position regarding certain information circulated in relation to the lawsuit started in 2019 that was initiated against two former employees of Kolmar Korea, subsequently employed by Intercos Korea Inc. .

The investigation that led to these proceedings concerned actions taken by the two former employees independently when they were not yet employed by Intercos Korea Inc.. Intercos Korea Inc. inevitably became part of the proceedings solely because it was the employer at the time the investigation commenced, despite having taken immediate actions to dissociate the company from these employees’ misbehaviour.

As a result of the conviction of the two former employees, the Court of Appeal—having reviewed the case twice—deemed it appropriate to reduce the fine to Intercos Korea to approximately €3.600 (5 million KRW), thus rendering it a purely symbolic sanction.

Intercos Group has always attached great importance to business ethics as proven by the irreproachable reputation it enjoys globally since decades.

Intercos shareholders and management fully trust the current Intercos Korea managers’ exemplary ethics.

Intercos Korea Inc.

40-38, GAJANGSANEOPSEOBUK-RO, OSAN-SI,GYEONGGI-DO, KOREA (#18103) / www.intercos.com 

Logo – https://mma.prnewswire.com/media/2559811/Intercos_Korea_Logo.jpg

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SafetyStratus to Participate in the 11th Asian Conference on Safety and Education in Laboratory (ACSEL 2024)

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19 minutes ago

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November 16, 2024

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SafetyStratus is excited to announce its participation in the 11th Asian Conference on Safety and Education in Laboratory (ACSEL 2024), a key event focused on advancing safety protocols and educational strategies in laboratory environments across Asia. The conference will be hosted by the University of Tokyo on November 28-29, 2024, and will bring together experts, educators, researchers, and industry leaders to exchange insights on laboratory safety and best practices in lab-based education.

FUKUOKA, Japan, Nov. 16, 2024 /PRNewswire-PRWeb/ — SafetyStratus is excited to announce its participation in the 11th Asian Conference on Safety and Education in Laboratory (ACSEL 2024), a key event focused on advancing safety protocols and educational strategies in laboratory environments across Asia. The conference will be hosted by the University of Tokyo on November 28-29, 2024, and will bring together experts, educators, researchers, and industry leaders to exchange insights on laboratory safety and best practices in lab-based education.

ACSEL 2024 offers a unique platform for attendees to engage in discussions on critical topics, including safety culture in academic and industrial laboratories, emerging risks, and the integration of technology to enhance laboratory safety and compliance. Attendees will gain valuable insights through keynote sessions, panel discussions, and networking opportunities with global experts committed to fostering safer and more productive laboratory environments.

Conference Date: 28-29 November 2024 (Poster session: 21-30 November 2024)

Venue: Venue Centennial Hall, Kyushu University School of Medicine Fukuoka, Japan

Going Virtual: https://www.acsel.esc.u-tokyo.ac.jp/2024/venue.html

For more information about ACSEL 2024, please visit ACSEL 2024 website.

About SafetyStratus

SafetyStratus offers the industry’s most comprehensive enterprise EH&S software platform with software, technology, and content to reduce risks and achieve operational excellence. Teams in academia, construction, healthcare, and general industry use the SafetyStratus platform to conduct inspections, perform behavior-based observations, collaborate on JSAs and JHAs, prepare incident reports, track institutional protocols, radioactive isotope inventory, and stay compliant with federal or regional regulations in any part of the world using a desktop or a mobile device in real-time.

Media Contact

Curtis Baker, SafetyStratus Inc., +1 (844) 896-7572, media.help@safetystratus.com, https://www.safetystratus.com/

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SOURCE SafetyStratus Inc.; SafetyStratus Inc.

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