The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: We moderated the growth outlook for Mexican IT spending in the Q416 update in response to a
softer economic forecast. However, we maintain a broad positive assessment of the market. We forecast IT
spending will increase at a CAGR of 7.5% throughout 2016-2020, and the strongest performance is
expected in the software and services segments, where enterprise investments in cloud computing,
applications and outsourcing will drive growth.
Latest Updates & Industry Developments
? Computer Hardware Sales: will increase from MXN112.4bn in 2016 to MXN139.6bn in 2020 at a
compound annual growth rate (CAGR) of 5.6%. Low PC penetration should see volume growth
accelerate in step with economic performance, but there is downside if increasingly powerful
smartphones substantially cannibalise spending.
? Software Sales: will increase from MXN65.1bn in 2016 to MXN90.2bn in 2020 at a CAGR of 8.5%.
Enterprise application spending by large enterprises is expected to be a bright spot, and lower cost
alternatives through software-as-a-service will boost SME adoption.
? IT Services Sales: will increase from MXN105.4bn in 2016 to MXN148.5bn in 2020 at a CAGR of
8.9%. Infrastructure cloud service growth is expected to outperform as telecoms infrastructure is
upgraded and as competition strengthens in the wake of new regulations