Peru’s IT Spending Is Forecast To Remain Positive In 2010 With A CAGR Of 13% To 2014
Posted by RMoses in Doing Business Near shore on February 18th, 2010
Peru’s IT spending is forecast to remain in positive territory in 2010, with expectations of Peru’s continued economic growth helping to sustain IT investment, despite some negative economic trends. Peru has one of the smaller IT markets in the Latin American region, but spending is projected to grow at a compound annual growth rate (CAGR) of 13% over the 2010-2014 period, making it one of the highest growth global IT markets.
Total spending on IT products and services is forecast to pass US$1.9bn by 2014. We project high single-digit growth for the Peruvian IT market in 2010, helping to counteract a continued impact from the 2009 economic downturn.
Colombian IT Market Projected To Grow At A Compound Annual Growth Rate (CAGR) Of 12% Over 2010-2014
Posted by RMoses in Doing Business Near shore on February 18th, 2010
The Colombian IT market is one of the least developed in the Latin America region, but is projected to grow at a compound annual growth rate (CAGR) of 12% over the 2010-2014 period. The market continued to grow in 2009, although there was a sharp deceleration compared with the previous year. The consumer-driven economic boom of recent years may have come to an end, but government programmes and growing computer affordability will support spending on IT products and services.
Chilean IT Spending Is Expected To Return To Positive Growth Territory In 2010
Posted by RMoses in Current Near Sourcing News on February 18th, 2010
Chilean IT spending is expected to return to positive growth territory in 2010 before growing to around U$3.2bn in 2014, from US$2.2bn in 2010. The Chilean IT market is one of the most developed in the Latin American region and, despite current economic headwinds, is projected to grow at a compound annual growth rate (CAGR) of 11% over the 2010-2014 period.
There were signs of an improvement in demand conditions in H209 due to restocking following a rundown of inventories. Chile retains some strong IT market fundamentals including consumer affluence and relatively favourable business environment. There could be a boost, particularly in the second half of 2010, from computer hardware tenders delayed from 2009 and the launch of Microsoft’s Windows 7 operating system.
Global outsourcing to boom
Posted by RMoses in Uncategorized on February 11th, 2010
Johannesburg, 28 Jan 2010
Outsourcing providers around the world expect demand for their services to expand rapidly, and are adding staff and investing in new services to meet expected growth, according to a PricewaterhouseCoopers survey.
The survey found the industry is transforming due to the emergence of new providers worldwide, as well as existing outsourcers’ efforts to expand into new markets.
Brazil: Solid Outlook Despite Elections
Posted by RMoses in Doing Business Near shore on February 11th, 2010
Tuesday, February 09, 2010
BRAZIL: STRONG OUTLOOK
Brazil’s economy, Latin America’s largest, should grow by 5.5 percent this year, Bulltick capital markets estimates.
“Brazil is going to grow strongly in 2010,” Alberto J. Bernal-León, head of research at Bulltick Capital Markets, told the Latin America 2010 conference organized by the University of Miami’s Center for Hemispheric Policy last week. “It will have a very good year.”
Retail, healthcare sectors seen jumping on IT outsourcing bandwagon - Regional
Posted by RMoses in Doing Business Near shore, business opportunities on February 4th, 2010
The Latin American retail and healthcare sectors are expected to see some of the highest IT outsourcing growth rates this year, thus joining ranks with more traditional consumers such as the financial and government sectors.
Fernando Belfort, an IT analyst for Frost & Sullivan, told BNamericas that retail and healthcare companies have scant knowledge of infrastructure technologies.
The healthcare sector in particular is already used to outsourcing non-essential operations such as cleaning and building security, and the industry is now setting its sights on technology, Belfort said.
Another Report Confirms the Chile Success Story
Posted by RMoses in Doing Business Near shore on February 4th, 2010
A recent report from the management consulting firm A.T. Kearney found that Latin America, and Chile in particular, is becoming an increasingly popular global services destination for multinational companies and third-party service providers. Chile’s stable business environment, talented labor pool and outstanding physical and telecom infrastructure is positioning the country for continued growth in this area.
The report found Chile increasingly gaining interest from North American and European companies looking to serve both English and Spanish speaking clients.
Chile : IBM inks outsourcing deal with Chile s LAN Airlines.
Posted by RMoses in Current Near Sourcing News on February 4th, 2010
Byline: shiv03
IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world’s largest computer company. IBM’s product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) has entered into a new five-year, multi-million dollar outsourcing deal with Chile’s LAN Airlines LAN Airlines S.A. NYSE: LFL (formerly Lan Chile) is an airline based in Santiago, Chile. It is the principal Chilean airline and one of the largest in South America, with flights to Latin America, Canada, United States, Mexico, the Caribbean, Oceania, and Europe.
….. Click the link for more information.. Under the contract, information technology (IT) services will span management, operation and control of LAN’s core IT platform, and will also include security services Security services are state institutions for the provision of intelligence, primarily of a strategic nature, but also including protective security intelligence. Examples include the Security Service (MI5) and the Secret Intelligence Service (MI6) in the United Kingdom, and the and the execution of an innovation centre.
With direct communication to IBM’s global development centres, the innovation centre will serve as a hub for developing new ideas and enable LAN (Local Area Network) A communications network that serves users within a confined geographical area. The “clients” are the user’s workstations typically running Windows, although Mac and Linux clients are also used. to stay current with the new advances in technology in the aviation and travel industry, the company said.
Obama Acts Tough on Outsourcing
Posted by RMoses in Current Near Sourcing News on February 2nd, 2010
United States President Barack Obama’s State-Of-The-Union Address announcement to slash taxes to American firms to generate jobs in America instead of outsourcing them is likely to create more problems than it solves, both in the US and overseas, analysts say.
The nature of the business will make it difficult to impose tax penalties on US firms that outsource jobs, according to a survey in India by Asia Sentinel of industry officials, independent consultants and financial analysts.
Latin American, Caribbean countries discuss creation of new bloc Read more: http://www.earthtimes.org/articles/show/310659,latin-american-caribbean-countries-discuss-creation-of-new-bloc
Posted by RMoses in Doing Business Near shore on February 23rd, 2010
Cancun, Mexico - Mexican President Felipe Calderon on Monday opened a two-day summit of Latin American and Caribbean nations that is expected to explore the creation of a new regional bloc. In the presence of 24 country leaders at the Grand Velas Hotel on the Mayan Riviera, some 60 kilometres south of Mexican resort city Cancun, Calderon called for the “union of Latin American and Caribbean nations for development, freedom, justice and democracy.”
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