Monday, May 16, 2011

Mexico’s IT outlook is looking up…

Things are looking good for IT. No doubt, the announced expansion of the 4G network in Mexico is a key driver behind this increase too. According to BMI ( a Mexican company that specializes in the specific area of IT business development) they project that “Mexican IT spending will grow by about 11% in 2011 to US$13.6bn, consolidating a strong PC market recovery in 2010. Government spending was one vendor focus in H110, with the rollout of national and local projects that had been delayed by an austerity drive in H209. Interest in cloud computing should continue to grow in 2011 after many of Mexico's large companies conducted cloud pilots last year.”

“Mexico's IT spending is forecast to grow at a compound annual growth rate (CAGR) of 10% over 2011- 2015, but with strong variation between sectors and regions. Mexico City and its surrounding area accounts for at least 50% of total IT spending in the country, but Mexico's underpenetrated south-east and Pacific regions are expected to offer growth opportunities over BMI's five-year forecast period.”
“IT spending is forecast to outpace GDP growth, with drivers including rising PC penetration and growing affordability, as well as US corporate demand for IT outsourcing. IT spending as a percentage of GDP of 1.4% remains well below OECD levels and BMI projects that per capita IT spending will rise from US$124 to US$179 by 2015.”

Add this with the increase in popularity of mobile device using and the expansion of the IT is sure to be growing faster than the US economy in 2011-12…

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