"Mexico Information Technology Report Q1 2015" now available at Fast Market Research

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. The 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/904288_mexico_information_technology_report_q1_2015.aspx?afid=301

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...

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