Argentina Information Technology Report Q2 2016 - New Market Report

The Argentine IT market is forecast to continue to grow in local currency terms in 2016, but contract by over 30% in US dollar terms as a result of the devaluation in December 2015. In addition to the direct impact on purchasing power and economic sentiment in the short term, the expectation of devaluation ahead of the election resulted in a concentration of upgrades in 2015, and exacerbates the decline in 2016. Our core scenario is for a return to stronger IT market growth from 2017, underpinned by peso stabilisation and more benign economic conditions, supporting a CAGR of 12.8% over 2016-2020 as a whole. There is however downside, with the outcome of Argentina's negotiations with its creditors uncertain and potentially a source of external shocks in an already uncertain global economic environment.

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Latest Updates And Industry Developments

Computer Hardware Sales: from ARS21.7bn in 2016 to ARS34.5bn in 2020, corresponding to a CAGR of 10.7% in local currency terms. Devaluation the key factor determining PC sales 2014-2016, but we envisage a return to more stable dynamics over the medium term with sustainable volume growth built on a foundation of rising incomes.
Software Sales: from ARS16.8bn in 2016 to ARS28.1bn in 2020, a CAGR of 12.9%. Economic uncertainty has generated deferred spending on non-essential upgrades but as economy normalizes we expect demand from SMEs and cloud solution availability will drive growth.
IT Services Sales: from ARS26.1bn in 2016 to ARS46.6bn in 2020, a CAGR of 14.5%. Devaluation still negative, but cost saving potential of IT services means it is less affected than other segments, with outsourcing and cloud computing expected to fare best in uncertain economic environment.

The Argentina Information Technology Report features BMI Research'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.

Key Benefits
Benchmark BMI's independent IT Industry forecasts for Argentina to test other views - a key input for successful budgetary and strategic business planning in the Argentinian IT market.
Target business opportunities and risks in Argentina's IT sector through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments in Argentina.

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