A strong Mexican economy will benefit IT market growth over 2017-2021 as rising incomes and strong sentiment among households and enterprises filters through to demand for the latest technologies. There is however some downside risk, both for the domestic market and local industry, because of the potential for policy shocks in the Trump-era, for instance if the proposed renegotiation of the NAFTA deal becomes contentious and/or protracted.
Latest Updates And Industry Developments
Computer Hardware Sales: will increase from MXN83.7bn in 2017 to MXN92.3bn in 2021 at a compound annual growth rate (CAGR) of 2.4%. Positive economic trends will be moderated by pressure on retail PC spending due to use case cannibalisation for tablets and low-end notebooks by smartphones.
Software Sales: will increase from MXN72.5bn in 2017 to MXN104.8bn in 2021 at a CAGR of 9.7%. Investments in application software solutions by Mexican enterprises will see strong growth, especially for data analytics and cybersecurity.