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In 2022, the total revenue generated by the software industry in Latin American was 18.6 billion U.S. dollars. The strongest segment in all regions was the enterprise software market segment, accounting for around 7.6 billion U.S. dollars in revenue in South America. In Central America, the revenue of this segment lay at around 334 million dollars. The second biggest driver of revenue in the software market across Latin America was the application development software segment.

Software industry segment revenue in Latin America in 2022, by region (in million U.S. dollars)

Characteristic	Enterprise Software	Application Development Software	System Infrastructure Software	Productivity Software
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Supplementary notes

Data provided by Statista Market Outlook are estimates
The Software market represents the total market for Software. Relevant top-level software segments include Productivity Software, Enterprise Software as well as System Infrastructure Software and Application Development Software. The majority of software solutions in these market segments are designed to be used in a professional environment but may also be used privately. Software in general can be provided in one of two ways: on-premises software is sold via a transactional license or as a subscription, and cloud-based software (software as a service / SaaS) is most often sold as a subscription.
Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.
Company examples: Microsoft, SAP, Adobe.

All figures are estimate. A detailed methodology can be found in the Statista Market Outlook.

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