TECLA connects the best tech talent in Latin America with the best remote-ok technology companies in the U.S., Canada, and Europe. If you want to upgrade your career, keep reading!

 A springboard into the future​

As we step into the last month of 2022, it's normal to wonder what to expect for the upcoming year. If you are questioning how will the tech industry change in 2023, it can be summarized in one word: growth. Despite this year's economic uncertainties, businesses are transforming and reshaping to fit in a more innovative world .

This upcoming year, signs of progress in the industry continue to bloom as research predicts that worldwide IT spending will grow 5.1% and reach a total of $4.6 trillion. No matter the company or economic, political, and societal turmoils, technology will always play a starring role in our story. Sneak peek - the global economy is betting hard on digital technologies, higher job demand, and overall vigorous growth in the market. Now we caught your attention. Good, keep on reading.

1. All eyes on Digital Technologies

Demand for IT will likely grow by 6.8% as business bet on digital initiatives in response to the economic turbulence. A survey of 200 CFOs conducted by Gartner reveals that 69% plan to increase their spending on digital technologies. On the other hand, another survey found that CIOs are assigned to value digital investments, and their staffing costs are expected to rise 2% to 4% annually for the next five years. This upcoming year, companies are relying on digital technologies to reshape their revenue stream by adding new products and services and modifying their cash flow and value proposition.

2. On-growing demand for technology

For companies looking to innovate and transform, opportunities for growth through technology are substantial. The industry is more significant than 10% of the global economy, and there continues to be a growing demand for technology. Research has predicted that spending on new technologies will reach $1.36 trillion in 2023, a 30% increase from the expected spending on traditional items. Additionally, software spending will expectedly grow by 10.5% next year. Nevertheless, it's important to remember that businesses are currently navigating through uncertain times, and actual expenditure may fluctuate more than in previous years.

3. The industry outlook is mainly positive.

Research has found that 43% of companies will have a higher technology budget for 2023. Technology is a critical component in business strategies; now, more than ever, there are many options for career advancement and building skills. With emerging trends in the industry (such as the metaverse and Web3), and higher demand for specialized talent, we advise you to learn a mix of various skills and invest in developing your abilities within your current area of specialization.

LIVE EVENT TOMORROW!

What does the future hold for Tech in Latin America in 2023? Join us tomorrow to talk with Lucia Mendoza, Former Head of Twitter Next Mexico & Spanish Speaking LATAM, to share expert advice on how to navigate the tech hiring scene in Latin America in 2023 and tips to prepare for the future of the industry.

TECLA'S POLL OF THE WEEK

We asked: Where are the best international tech jobs?

You answered:

Don't miss the chance to vote on this week's TECLA Poll!

• Are you a creative engineer ready to take leadership and design a new Android app? Our client is on a mission to make accurate sleep testing more convenient, affordable, and accessible. Sr. Lead Android Developer|$6,000 - 9,000

•  This healthcare software startup is on a mission to develop next-gen clinical laboratory infrastructure. Sr. Software Engineer (Python)|$ 6,000 - 8,000

•  Are you a passionate React developer looking for a new challenge? This company is building tools to empower people to better invest in alternative assets. Sr. React Developer|$6,000 - $7,500

•  Enjoy unlimited PTO! This company is a bridge between cybersecurity teams and other company departments, providing their clients with a complete platform to prevent cybercrimes. DevOps Engineer|$6,000 - $7,500

• Join our client in reimagining healthcare from the ground up. They’re making high-quality care accessible to millions! This role offers equity. Sr. Software Engineer (React Native)|$ 4,000 - 6,000

• Build consumer-facing products that have a tremendous social impact while enjoying unlimited PTO! This company makes moving more affordable for small-sized businesses. Full-Stack Software Engineer (Node.js or Ruby on Rails)|$ 4,500 - 5,500

 “Every success story is a tale of constant adaption, revision, and change” - Richard Branson, business entrepreneur, Founder of the Virgin Group.

“Toda história de sucesso é um conto de constante adaptação, revisão e mudança” “Cada historia de éxito es una historia de constante adaptación, revisión y cambio”

This year, the tech industry has surpassed significant changes, challenges, and adaptations. Nevertheless, from the data shown in this newsletter, there is one thing that we can agree on: 2023 is all about growth. That doesn't mean it will be a straight road; there will be some blockages, but what is growth without overcoming challenging situations?As the founder of one of the world's biggest multinational venture capital conglomerates stated in this quote, change and adaptation are part of almost every success story.

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 This edition was brought to you by Eugenia Farace, Gino Ferrand, Stephanie Cerf, Eduardo Maynetto, Heyler Fernández, and Camila Karam.