Newly released market study: Chile Information Technology Report Q2 2016

The decline in global commodities prices resulted in peso depreciation, and so lower purchasing power for Chilean households and enterprises in global markets in 2015, which resulted in slower IT market growth through deferred purchases. This drag will continue into 2016, but to a lesser extent. The medium - term outlook is much stronger, however, with IT spending expected to grow at a CAGR of 7.2% 2016-2020 to CLP2.78trn in 2020. This will reinforce Chile 's position as the most lucrative IT market in Latin Ameri ca in per capita terms . In terms of IT market segments, IT services are expected to grow the most in Chile throughout our forecast period as businesses increasingly opt for cloud computing solutions to cut costs. Downside risk could derail this core scenario, and we highlight a potential hard landing in China as the biggest risk to Chile's IT market in 2016.

Latest Updates & Industry Developments

Computer Hardware Sales: We expect sales to rise from CLP799.6bn in 2016 to CLP962.5bn in 2020, at a compound annual growth rate (CAGR) of 4.1%. Rising incomes and increased purchasing power through peso appreciation against the US dollar will drive expansion of the PC market over the medium term.
Software Sales: CLP398.3bn in 2016 to CLP546.5bn in 2020, a CAGR of 8.5%. Enterprise software opportunities still exist for basic applications, but it is wider availability of lower-cost software-as-a-service solutions that will be a more prominent development.
IT Services Sales: CLP862.4bn in 2016 to CLP1.25trn in 2020, a CAGR of 9.2% in local currency terms. Economic uncertainty creating demand for services in the short term while cloud computing will be the main medium-term growth driver.

Full Report Details at
- http://www.fastmr.com/prod/1118966_chile_information_technology.aspx?afid=301

The Chile 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 Chile 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 Chile.

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

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