Market Report, "Peru Information Technology Report Q4 2014", published

New Computer Technology market report from Business Monitor International: "Peru Information Technology Report Q4 2014"

[UKPRwire, Tue Sep 23 2014] At the end of 2013, the IT industry accounted for around 0.9% of GDP, but with rising incomes and supportive government policy we expect this to rise gradually to 1.1% by 2018. The government is boosting development through several initiatives, for instance improving supporting infrastructure, for instance through the Fibre Optic Backbone Network, and boosting domestic IT enterprise development through StartUp Peru and the One Laptop Per Child policy. We believe Peru's IT market will perform strongly over the medium term due to a combination of a supportive macroeconomic environment and growth trends in the IT sector such as declining global device prices . There is however downside to an otherwise positive outlook, with o u r Asia Country Risk team expecting weaker Chinese demand to negatively impact Peruvian growth.

Headline Expenditure Projections

Computer Hardware Sales: PEN2.8bn in 2014 to PEN3.8bn in 2018. Tablet growth will outperform in the short term, but with low PC penetration and rising incomes there will remain growth opportunities for vendors of desktops and notebooks through our forecast period.

Full Report Details at

Software Sales: PEN633mn in 2014 to PEN990mn in 2018. The software outlook could be revised upwards if financing constraints on SME informatisation ease over the medium term.

IT Services Sales: PEN2.2bn in 2014 to PEN3.7bn in 2018. IT services are forecast to outperform as Peru emerges as a destination for outsourcing services.

Key Trends & Developments

The latest data show household PC penetration has continued to rise, supporting BMI's positive outlook for hardware spending in Peru. INEI data show the number of homes with PCs in Peru reached 36.7% in March 2014, an increase of 2.4 percentage points (pps) year-on-year (y-o-y). We expect strong income growth right across the spectrum of consumers will support this trend over the medium term, baring external shocks. There are however wide regional disparities of...

The Peru Information Technology Report features Business Monitor International (BMI)'s market assessment and independent forecasts covering personal computers and software; semi-conductors, memory chips, integrated circuits and general components; the internet and IT solutions. It analyses analyses regulatory changes (licensing, customs and intellectual property protection) and competitive landscapes comparing IT companies by products, sales, market share, investments, projects and expansion strategies.

BMI's Peru Information Technology Report provides industry professionals and strategists, corporate analysts, IT associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the IT industry in Peru.

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