Market Report, "Argentina Information Technology Report Q4 2014", published

Economic troubles have dominated the discussion of Argentina in 2014, with the devaluation of the peso, import restrictions, skyrocketing inflation, capital controls, shortage of credit and government debt default have seen the country enter a recession . The IT market will likely be hit by lower consumer confidence, higher import costs of components and problems of inflation affecting employee wages. However, potential investors do not seem to have been put off, as devaluation will help make IT exports abroad more competitive. The July 2014 IPO of Argentine tech company Globant demonstrates this and many investors still see the strong sector potential in Argentina. The scope for large increases in PC penetration, second device ownership, enterprise software penetration and cloud computing are examples of sectors that have growth opportunities.

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Government efforts to boost software development with tax incentives for local companies aim to open the export market. Software development companies Epidata and Quadion have stated that the large Argentine IT market maintains its lustre despite the economic challenges. Providing these short-term economic challenges can be navigated, we believe the market will grow rapidly, with rising PC penetration, including new form factors such as tablets and hybrids, and increased enterprise spending as confidence improves. The market will also benefit from deferred purchases/investment.

Headline Expenditure Projections

Computer Hardware Sales: ARS14.9bn in 2013 to ARS17.8bn in 2014, +18.8% in local currency (but down 21.6% in US dollar terms). Forecast revised downwards in US dollars due to the distorting effect of domestic inflation and currency depreciation, as well as local reports of a fall in PC unit sales.

Software Sales: ARS2.9bn in 2013 to ARS3.7bn in 2014, up 23.1% in local currency terms (down 18.8% in US dollar terms). Small- and medium-sized enterprise (SME) demand for software and strong...

The Argentina 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 Argentina 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 Argentina.

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