(MENAFNEditorial)
We expect Mexican IT spending growth to accelerate in 2015 as the economy strengthens with a positive outlook for private consumption and enterprise confidence. Our bullish outlook extends over the medium term as we expect a convergence of income growth declining device prices a supportive policy environment and the development of a local IT ecosystem to support a CAGR of 7.4% to 2018 . T he government's most recent ICT development policy Prosoft 3.0 will be an underlying support for sector growth. Meanwhile we identify particular opportunities including cyber security software and services cloud computing retail hardware demand for tablets and hybrid notebooks and outsourcing .
Headline Expenditure Projections
* Computer hardware sales: MXN133bn in 2014 to MXN142bn in 2015 an increase of 7.0%. We expect strong growth in demand for tablets and hybrid notebooks will continue in 2015.
* Software sales: MXN61.9bn in 2014 to MXN66.4bn in 2015 an increase of CAGR of 7.3%. Slight slowdown from 2014 as a result of OS upgrade demand being brought forward by the withdrawal of support for XP but enterprise software spending growth will remain strong.
* IT services sales: MXN98.5bn in 2014 to MXN106.9bn in 2015 an increase of 8.5%. Driving growth will be sectors such as government telecoms and financial services with IaaS expected to outperform as telecoms infrastructure is upgraded and a greater intensity of competition is brought about by new regulations.
Full Report Details at
- http://www.fastmr.com/prod/957430_mexico_information_technology_report_q2_2015.aspx?afid=101
Key Trends And Developments
After a challenging period for vendors in 2012 and 2013 demand for PCs and related hardware grew in all sectors in Mexico in 2014 particularly SMEs and home users and BMI expects growth momentum will be maintained into 2015. In October 2014 global PC chipset market leader Intel highlighted the strong growth in PC sales in Mexico as standing out along with Colombia among Latin American markets. There are also important trends across...
The Mexico Information Technology Report features Business Monitor International (BMI)'s market assessment and independent forecasts covering personal computers and software; semi-conductors memory chips integrated circuits and general components; the internet and IT solutions. It analyses analyses regulatory changes (licensing customs and intellectual property protection) and competitive landscapes comparing IT companies by products sales market share investments projects and expansion strategies.
BMI's Mexico Information Technology Report provides industry professionals and strategists corporate analysts IT associations government departments and regulatory bodies with independent forecasts and competitive intelligence on the IT industry in Mexico.
Key Benefits
* Benchmark BMI's independent IT Industry forecasts for Mexico to test other views - a key input for successful budgetary and strategic business planning in the Mexican IT market.
* Target business opportunities and risks in Mexico's IT sector through our reviews of latest industry trends regulatory changes and major deals projects and investments in Mexico.
* Assess the activities strategy and market position of your competitors partners and clients via our Company Profiles (inc. KPIs and latest activity).
Coverag
BMI Industry View
Summary of BMI’s key industry forecasts views and trend analysis covering IT regulatory changes major investments and projects and significant national and multinational company developments.
Industry SWOT Analysis
Analysis of the major Strengths Weaknesses Opportunities and Threats within the IT sector and within the broader telecommunications political economic and business environment.
BMI Industry Forecast
Historic data series (2010-2013) and forecasts to end-2019 for all key industry and economic indicators supported by explicit assumptions plus analysis of key downside risks to the main forecast including:
* IT Sector: Industry value (USDmn); IT sector contribution to GDP (%); value of hardware software and services industry (USDmn); PC peripherals and software imports and exports (USDmn); PC peripherals and software sales (USDmn); number of PCs (‘000); PCs per 100 inhabitants; internet users (‘000); internet users per 100 inhabitants; broadband subscribers (‘000); broadband subscribers per 100 inhabitants.
* Economy: Economic growth (%); nominal GDP (USDbn); unemployment (%); interest rates (%); exchange rate (against USD).
Information Technology Risk Reward Index
BMI’s Risk Reward Indices provide technology manufacturers service providers and IT vendors/leasing agents looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry economic and demographic data points to provide indices of highest to lowest appeal to investors with each position explained.
Country Market Overview
Structure size and value of the industry sectors including hardware software and services; overview of the industry landscape and key players; assessment of the business operating environment and the latest regulatory developments and government authority.
BMI MacroeconomicForecast
BMI forecasts for all headline macroeconomic indicators to end-2019 including real GDP growth inflation fiscal balance trade balance current account and external debt.
Competitive Landscape
Full analysis of the competitive landscape within the hardware software and services sectors.
Company Profiles*
Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts our macroeconomic views and our understanding of the wider competitive landscape. The latest financial and operating statistics and key company developments are also incorporated within the company profiles enabling a full evaluation of recent company performance and future growth prospects.
Regional Overview
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