IT Industry in Uruguay: Data and Insights
Uruguay IT and software industry is rising up and expected to transform the country in the near future into one of the most developed countries in Latin America
The estimated value of Uruguay’s IT industry is $7,33 billion, which is a good score for a country that’s coming out from a recession. The numbers are expected to grow exponentially, as Latin America is transforming into a large-scale IT hub that can compete globally with Europe and the US.
The main reason for IT growth in Uruguay is the increasing numbers of startups conditioned by government policies that support tech and IT education among young professionals. Also, the government facilitates the collaboration between companies and the web industry via different chambers and CESSI (Camara de la Industria Uruguay del Software)
On the background of global tech evolution, Uruguay looks like a promising choice to source web developing services due to both quality and affordable prices on the market compared with other countries.
Why You Should Work With Uruguayan Software Companies?
Above all, there are several main aspects why it’s worth working with and Uruguay web agency:
First of all, you can notice a low price per project or per hour compared with other western agencies, which provide good quality web products such as websites, apps, designs, and anything in between.
Second of all, communication. It’s much easier to make yourself clear with Uruguay web agencies rather than with other agencies in the region. According to EF Education First, Uruguay has the highest score in terms of English proficiency in Latin America.
Having these two points combined, you must agree that Uruguay is a good option to find a company that can deliver projects for affordable prices and with good communication.
But there is more to it: According to Coursera Global Skills Index, Uruguay ranks 1st in the category of Technology skills, making it even a more attractive opportunity.
What to be aware of when working with Uruguayan Software Companies?
On the other hand, there are also challenges in working with Uruguayan software companies that you should know:
Comparing with other countries, Uruguay does not have a well-established system of web agencies, and changes in this area are pretty new to the country, which says a lot about Uruguayans web development & design experience.
Also, this lack of experience may lead to miscalculations and a lack of interaction between IT & marketing departments of various countries. In this way, even a well-established project can fail during implementation because of the issues above mentioned. Nonetheless, this may vary from company to company and it’s not a country verdict.
Are Uruguay Software companies as reliable as other top countries in the world?
In terms of tech reliability, Uruguayans are among the most preferred in Latin America. Based on numerous feedbacks from different clients around the world - Uruguayans have a high trust score and also a good reputation.
On the other hand, if it is to compare with other countries, Uruguay lacks several key features that would improve the quality of IT services. Based on the latest report of the World Economic Forum, Uruguay dropped down to the 139th position in terms of Intellectual Property Protection.
How do Uruguay Custom Software Companies compare to its neighbor countries?
Compared to neighboring countries, Uruguay has a strong position and as well growing IT infrastructure. However, it doesn’t lack competition as Chile and Bolivia also grow their IT capacities and come right behind Uruguay.
The latest numbers reveal a range of $25-50/hour service cost at the level of senior developers, depending on agency experience, portfolio, and brand.
On the other side of the table, Uruguay’s average salary in the web industry is around $1000, but according to the latest trends, it will grow as well as the industry capacity and capability itself.
Another interesting fact about Uruguay is that an increasing number of web agencies from the US open here offices or even relocate due to the friendly IT environment
From web design to app development and marketing, Uruguay is the home of IT professionals in Latam that seek a brighter future and beautiful views that inspire them to create outstanding works.
According to Netcraft, there are more than 644 million websites on the web, and many of them look similar. However, Uruguayan web designers have their unique style of executing projects and providing a different approach compared to what’s already existing on the market.