London, 26 November 2014: TechNavio, the independent tech-focused global research firm, has published a report on the IT Market in Chile 2015-2019, which is expected to grow at a CAGR of 8.8 percent during the forecast period of 2014-2019.
The market is expected to grow because of the adoption of advanced technologies such as cloud computing, big data, social application as well as business, and mobile applications, the increase in online shoppers, and increased usage of tablets and other hand-held devices.
“As Chilean IT companies prove their capability through the delivery of smaller outsourced contracts, major projects are certainly expected to be outsourced to Chile, thereby driving the market growth,” says Faisal Ghaus, Vice President of TechNavio.
“Chile has a growing domestic market, a geographical time zone advantage, a high concentration of young people, and geopolitical stability, which are the main reasons for foreign investors to invest heavily in IT outsourcing in Chile.”
Key Market Drivers
- Increased Government Support
- Increasing Need for Mobile Business Applications
- Increased Demand for Business Analytic Solutions
- Favorable Trade Policies and Tax Systems
Key Market Trends
- Increased Adoption of e-Commerce
- Adoption of Offshore Business Practices
- Increased Adoption of Big Data
- Increased Acceptance of Cloud Computing
Key Market Vendors
- HP Co.
- IBM Corp.
- Microsoft Corp.
- Oracle Corp.
- Sonda S.A.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
