BMI View: Peru is a frontier market with a bright outlook for IT spending growth. Potential for local industry growth in IT services also exists - both for servicing local firms and outsourcing. In terms of local demand, we have a positive outlook due to economic growth momentum, including rising wages, nuevo sol appreciation and positive demographics, as well as pent-up demand after the economic disruption over 2015-2016.
Latest Updates And Industry Developments
Computer Hardware Sales: PEN3.4bn in 2017 to PEN3.7bn in 2021. Despite the favourable environment and low penetration, there are questions around the PC market in which tablet and low-end notebook spending faces a competitive threat from smartphones.
Software Sales: PEN1.2bn in 2017 to PEN1.8bn in 2021. Enterprise modernisation initiatives will be the main driver of investment growth in software solutions, with applications such as ERP and CRM expected to outperform.