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The Impact of Inflation in Latin America

Publisher IDC
Published Jul 05, 2022
Length 15 Pages
SKU # IDC17292317

Description

The Impact of Inflation in Latin America

Latin America and the world are facing never-experienced crises that have raised uncertainty never before witnessed. When felt it was returning to its pre-pandemic GDP growth trend rate of around 2.5% for 2022, according to FMI, the Russia/Ukraine conflict brought further inflation shockwaves. The Latin American IT markets are facing challenges such as enterprise hardware scarcity that leads to further cloud adoption. The region suffers from a talent crisis leading to salary inflation that impacts both companies and service providers. We see the countries continue to struggle for at least one more year. However, we also see growth in countries where executives are usually resilient to crises and inflation issues.Despite facing a double challenge, companies and service providers have sizable opportunities to modernize infrastructures and applications, making the most of the cloud and As a Service. Their best option is to go along with their digital transformation while harnessing services like CLaaS to create efficient hybrid infrastructures and optimize their IT spending. On the other hand, organizations should also get closer to their service providers to assure the help of experienced IT professionals to support the demands from customers, users, and the operation itself," Alejandro Florean, Vice President of Consulting and Strategy for Latin America Custom Solution.

Please Note: Extended description available upon request.

Table of Contents

15 Pages
Executive Snapshot
New Market Developments and Dynamics
The Russia-Ukraine War Repercussions in Latin America
Impacts and Trends, the Same or Different?
How Latin American Companies Buy Technology and the Impact on the ICT Spending
Devices
Impact on the ICT Spending
Enterprise Hardware
Impact on the ICT Spending
Cloud and Software
Impact on the ICT Spending
IT Services
Impact on the ICT Spending
How Latin America Faces the Inflation Disruptions
Technology Markets
Industries
Inflation Risks and Opportunities for CIOs
IT Infrastructure Scarcity
The Shortage of Updated Digital Talent
Rethink Investment Strategies According to New Priorities
Advice for IT Buyers AND Technology SupplierS
Vendors
Learn More
Related Research
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