IT can be defined as an integrated platform to manage information
that consists of hardware, software, and services. In an organization,
IT departments are responsible for storing, safeguarding, processing,
transmitting, and retrieving information. Mexico has become one of the
most desired destinations in the Global IT market. With very clear
defined strategies, industry and government support, and an increasing
number of collaborations with IT universities, Mexico is creating a
favorable atmosphere for the IT companies. Currently, the major reason
behind the growth of the IT market in Mexico is the rapid growth of the
Software and IT Services market. Though the growth of the Software
market has been suffering due to piracy issues, there has been
significant growth in recent past years.
Analysts forecast the Information Technology market in Mexico will grow at a CAGR of 6.61 percent over the period 2014-2018.
The
Report recognizes the following companies as the key players in IT
Market in Mexico: Hewlett-Packard Co., IBM Corp., Microsoft Corp., SAP
AG., Ad Infinitum, SA de CV, Altec Mexico, SA de CV , Cisco System Inc.,
Computer Sciences Corp., DW IT services S.A. dDe CV , Expert Sistemas
Computacionales S.A. de CV , Hildebrando Software Factory SA de CV ,
Intelisis, SA de CV , Infosys Ltd., Oracle Corp., Praxis, S.A . de
C.V., Quarksoft LLC , Sigma Tao Software Factory SS.A. de CV ,Valores
Corporativos Softtek S.A. de C.V., Sytecso S.A. de CV , TATA
Consultancy Services Ltd., Unosquare LLC, VENTUS Technology S.AA. de CV,
Vision Software Factory, S.A. dDe CV, Vangtel , World Software Services
Group, SA.
In Mexico, the adoption of cloud computing is
increasing, which has reduced the entry barriers in the IT market for
several small companies because of the low investment in infrastructure
support and lower investment risk. Cloud computing enables several
e-government services and has become a major growth driver of internet
usage. Several federal government agencies use cloud computing in
Mexico. Mexico mainly uses the services offered by the MNCs in the IT
market such as Google and Amazon Web Services. In terms of
infrastructure support for cloud computing, Triada, a subsidiary of
Telmex, offers virtual information storage, online services, and an
application hosting platform for domestic and multinational firms.
Covered in this Report
This
report covers the present scenario and the growth prospects of the IT
market in Mexico for the period 2014-2018. The IT market in Mexico can
be segmented into three divisions: Hardware, Software, and IT Services.
This report covers the IT market segmentation by products and the end
user segments. It also covers the Software and IT Services sub segments
in the IT market in Mexico.
IT Market in Mexico 2014-2018, has
been prepared based on an in-depth market analysis with inputs from
industry experts. The report focuses on Mexico; it also covers the IT
market landscape and its growth prospects in the coming years. The
report also includes a discussion of the key vendors operating in this
market.
According to the report, government support is one of the
key drivers in the market. The government has simplified various trade
policies to increase the foreign investment in recent years. It has been
supporting the IT start-ups, and the programs it has initiated have
given away more than US$1billion in the past few years.
Further,
the report states that the potential shortage of skilled
English-speaking professionals is one of the major challenges. Because
of this, companies have to incur the cost of extra training for new
employees, which is not the case for companies in India or the
Philippines where employees have a good level of competence in the
English language.
