Peru's IT market is one of the least developed in Latin America, with low device and solution penetration among households and enterprises , but we do consider it to have bright prospects as the household income profile improves over the medium term, alongside the ongoing trend of enterprise modernisation . This will see the market move to a higher growth trajectory from 2017, after a marked deceleration in 2015 and 2016 when a downturn in economic sentiment, and nuevo sol depreciation against the US dollar that resulted in deferred spending and heightened price sensitivity . We also consider government policies to support IT sector growth in Peru positively in the context of industry trends such as declining device prices, improvements in network infrastructure and cloud computing adoption . The major downside risk to our bullish outlook is weaker Chinese demand for the country's raw materials .
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Latest Updates & Industry Developments
Computer Hardware Sales: PEN2.9bn in 2016 to PEN3.8bn in 2020. After contraction in 2015 and stagnant market in 2016 we believe strong household income growth from 2017 will allow vendors to tap the low PC penetration in Peru, particularly outside Lima where penetration is much lower.
Software Sales: PEN1.1bn in 2016 to PEN1.5bn in 2020. The enterprise software SME market is underpenetrated but should be unlocked by lower cost SaaS, while more complex demands from large Peruvian enterprises should also be a strong growth areas they modernise.
IT Services Sales: PEN2.4bn in 2016 to PEN3.5bn in 2020. IT services will outperform in 2016 in challenging economic environment due to cost savings for enterprises, while over the medium term cloud adoption and outsourcing will drive strong demand growth.
The Peru 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 Peru 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 Peru.
Benchmark BMI's independent IT Industry forecasts for Peru to test other views - a key input for successful budgetary and strategic business planning in the Peruvian IT market.
Target business opportunities and risks in Peru's IT sector through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments in Peru.
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New market study, "Peru Information Technology Report Q2 2016", has been published
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