IT spending
$16.2B
Annual IT spending, 2024 (source: Statista Market Insights plus International Trade Administration Colombia ICT guide).
- Countries
- Americas
- South America
- Colombia
Country Market
Colombia.
Supports a South American software market with Spanish delivery, IT outsourcing, and Ley 1581 privacy law
CO / COLTLD .coSaaS penetration 31% (2024)Digital maturity: medium high
Sample taken from the graph on 8 October 2026.
Market Footprint
Why this country shows up in procurement plans.
In the graph
6,120
Companies in the PYRAMYD graph tagged with Colombia.
Data residency
Most private-sector buyers accept U.S. or Latin America hosting if contracts cover Law 1581 transfer terms. Banks, insurers, health providers, and public entities often prefer Colombia or nearby Latin America hosting plus Spanish security documentation.