Chile Information Technology Report Q3 2016 - New Market Study Published

Chilean IT spending growth is forecast to accelerate from 2017 and record a CAGR of 7.8% over 2016-2020, a marked improvement over performance since 2014 when economic performance deteriorated as a result of a global commodities slump that hit Chile hard. We expect economic performance to strengthen from 2017, including peso appreciation that will boost sentiment and deliver purchasing power growth to households and help unlock pent-up replacement demand in the hardware segment. Meanwhile, investment from important verticals such as mining, financial services, telecoms and healthcare are all forecast to gain momentum as the economy picks up, with cloud computing services a particularly exciting area for vendors.

Full Report Details at
- http://www.fastmr.com/prod/1197481_chile_information_technology.aspx?afid=301

Latest Updates & Industry Developments

Computer Hardware Sales: We expect sales to rise from CLP799.6bn in 2016 to CLP964.2bn in 2020, at a compound annual growth rate (CAGR) of 4.8%. Economic upside, but the extent to which pent-up demand boosts growth will depend on device trends and potential notebook/tablet replacement spending cannibalisation by smartphones.

Software Sales: CLP398.3bn in 2016 to CLP565.6bn in 2020, a CAGR of 9.1%. 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 9.7% in local currency terms. Economically important mining vertical is a growing source of IT services spending, while more broadly, cloud and Internet of Things solutions represent a major opportunity.

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.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).

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