We have a positive outlook for Chile's IT market over 2017-2021, with spending growthforecast to accelerate after the weaker performance over 2014-2016, especially in US dollar terms.Enterprise investments in software and services are expected to drive the market, but we caution thatdownside exists in the form of Chile's exposure to global commodities prices and the squeeze on PCspending from technology trends.
Latest Updates And Industry Developments
Computer Hardware Sales: We expect sales to rise from CLP745bn in 2017 to CLP777bn in 2021, at acompound annual growth rate (CAGR) of 1.1%. There is a threat to tablet and low-end notebookspending from consumers shifting to smartphones as their only device, but this drag will be offset by astrong economic environment.
Software Sales: CLP439bn in 2017 to CLP582bn in 2021, a CAGR of 7.3%. Enterprise spending on dataanalytics applications and cyber security will register growth, while software adoption among SMEs isstill relatively low and presents opportunities.