Mexico Information Technology Report Q4 2009 - new report released

companiesandmarkets.com

2009-11-03 19:03:01 - Mexico Information Technology Report Q4 2009 - a new market research report on companiesandmarkets.com

www.companiesandmarkets.com/Summary-Market-Report/mexico-informa ..

Market Overview
BMI projects that Mexican IT spending will dip by 6% in 2009 to around US$12.0bn, due to current
economic uncertainties and a decline in private sector credit growth. In a challenging economic climate in
H109, consumer sentiment reached an all-time low, and business IT spending fell further, with hardware
updates particularly vulnerable to cuts. Government spending was a relatively strong area in

 

 

H109, but
could be hit in H209 and 2010 by a new austerity drive.
Despite the difficult environment, there should still be opportunities in H209 in key IT verticals such as
financial services, telecoms and government. The government has responded with stimulus measures,
assisted by a US$47bn bailout pack