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.
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