CBRE's annual "Scoring Tech Talent" report examined employment, salaries and graduation rates of the 10 largest tech hubs in Latin America with Mexico City ranking as the second largest tech job market from Latin America.

Guadalajara also stands out with the second highest technological employment growth rate in Latin America, with 60%, behind San José, Costa Rica, with 77 percent. Monterrey ranked eighth.

The study focuses on tech job growth over the past five years, median tech salary growth, overall tech degree graduation numbers, and the increase in tech degree completion. "Scoring Tech Talent" is a comprehensive analysis of labor market conditions, cost, and quality in Latin America for highly-skilled technology workers.

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The first place goes to Sao Paulo, Brazil, with a technological employment of 229,196 people, and a growth rate of 9% in the last five years, followed by Mexico City with a technological labor force of 201,204 people and a rate of growth of 29%.

“The city’s rapidly growing tech workforce pool continues to attract manufacturers, engineering firms and other companies looking to bring operations back to the Americas from abroad,” said Yazmín Ramírez, director of Labor Analytics & Location Incentives. LATAM.

Monterrey ranked eighth with a technology workforce of 23,540 people and a technology employment growth rate of 33%. The entity's secretary of economy, Iván Rivas Rodríguez, pointed out that an Information Technology Hub (ICT) is being set up, where companies such as Aptiv, Tata Consultancy Services and Nagarro are establishing themselves, due to the offer of technological talent.

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“The job market for tech talent remains very competitive, even amid a slower economy and layoffs; however, it has relaxed enough to create hiring opportunities for non-tech companies,” said Colin Yasukochi, executive director of CBRE's Tech Insights Center in San Francisco.

“As tech talent is redeployed across other industries, the global economy becomes more digital, and that could fuel new growth for the tech industry. Artificial intelligence has seen a rise in venture capital funding in many countries, which is a positive indicator for the future growth of the technology,” said Colin Yasukochi.

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