Prepared for Rogelio U. | Delivered December 5, 2019
Tech Trends in Costa Rica
Identify trends emerging in 2020 in the digital and technology industries (including e-commerce, connectivity, digital paid media, streaming services, IoT) in order to inform a talk about Costa Rica's future in the digital and technology industries.
Trends among Large Corporations
The San Jose city government plans to transform the city's abandoned buildings into modern office spaces in
. Technology giants like
plan to move into these spaces.
The medical technology sector has been booming in Costa Rica
since the 2000s
. There are
more life science companies in Costa Rica in 2019 than in 2009.
Trends among Startups and SMEs
Costa Rica ranks
in Latin America for entrepreneurial activity, so businesses across different technology sectors, like manufacturing, microchips, life sciences, software, and fintech, are
Fintech development and artificial intelligence are
expected to blossom
Startups in Costa Rica are getting
increasingly better support
from incubators and accelerators like Telefonica's Open Future, ParqueTec, and Carao Ventures.
for small- and medium-sized businesses in Costa Rica include AI, machine learning, blockchain, and ERP.
The province of
is emerging as Costa Rica's tech hub with companies like Ad Astra Rocket, Avantica, Unidad 22, Nimiq, and the Continum Data Center.
While other Latin American countries have limited or banned cryptocurrency, Costa Rica
cryptocurrency, giving rise to innovation in the sector.
Other Relevant Information
Across Latin America, AI as a service, 5G data networks, self-driving cars, personalized and predictive medicine, vision by computers, and blockchain are
expected to be trends
In 2020, Costa Rican universities plan to
promote technology careers
to draw in further tech investment.
jobs expected to be in
in 2020 include information and communication technologies analysts, life and manufacturing science engineering, and digital animators.
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