Which Countries In Latin America Invest More In Technology?
Latin America is a strategic region for investment in technology, a region that is important to many multinationals.
Ultimately, whether overseas or domestic, this industry remains important for companies of all sizes and scales.
And being a field in technological development, the EAE Business School took on the task of investigating which Latin American countries allocate the most resources to this sector.
Latin American countries with the most investments in technology
According to EAE Business School information, Argentina is the Latin American nation that allocates the most economic resources to technological innovations.
According to the Madrid Business School, the country directs 10.4% of its resources to this sector.
In second place is Mexico with 10%, which, according to the report, is one of the countries with the most funds allocated along with Argentina, as on average around 7.7 are allocated at the regional level.
At the bottom we see Peru with 9% investment in technology, followed by Chile with 5.5% and Brazil with 5%.
For the coming years, the report has also made a forecast on the issue.
It turned out that, according to predictions, spending on information technology in Latin America is expected to grow by 5.5% in the near future.
In addition to showing which countries in Latin America invest the most in technology, EAE Business School also disclosed data on Internet of Things (IoT) connections.
According to the report, the figure in the said sector stood at 79.1 million, a figure that could reach 1,200 million by 2025, an increase that would result in profits of up to $47.2 billion.
Another important fact is about homes with smart devices in Latin America, which, according to the report, will create more than 100 million new connections between now and 2025.
With regard to bridging the digital divide in Latin America, the report also pointed out that one option would be to adopt 5G networks.
China and the United States, the countries that invest the most in technology
According to UNESCO statistics, Chica and the United States account for 63% of the total investment in technology registered globally.
China, by itself, represents 44% of all economic resources in the world destined for the region; While the largest expenditure on R&D (93%) is done by the G20 countries.
For its part, the World Intellectual Property Organization (WIPO) indicates that the nations that allocate the most resources to innovation are the following:
- Swiss
- Sweden
- America
- United Kingdom
- South Korea
- Netherlands
- Finland
- Singapore
- Denmark
- Germany
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