Research and Markets: Mexico Information Technology Report Q1 2012

DUBLIN --(Business Wire)--

Research and Markets (http://www.researchandmarkets.com/research/95c883/mexico_information) has announced the addition of the "Mexico Information Technology Report Q1 2012" report to their offering.

MARKET OVERVIEW

Mexico's IT spending is expected to grow at a CAGR of 10.7% over 2012-2016, 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 Mexicos underpenetrated south east and Pacific regions are expected to offer growth opportunities over BMI's five-year forecast period.

BMI projects that Mexican IT spending will grow by about 8% in 2012 to US$15.2bn. Government spending will be one vendor focus, with a substantial information society budget and the roll-out of national and local projects that were previously delayed because of the economic situation. Interest in cloud computing has often exceeded vendor expectations and many of Mexico's large companies have conducted cloud pilots.

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 of 1.4% of GDP remains well below OECD levels and BMI projects that per capita IT spending will rise from US$138 to US$205 by 2016.

ABOUT THIS REPORT

Business Monitor International's Mexico Information Technology Report provides industry professionals and strategists, corporate analysts, information technology associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Mexico's information technology industry.

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