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.