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.
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By Jacob Nthoiwa, ITWeb journalist.
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.
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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.”
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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.
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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.
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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.
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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.
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The benchmark Bovespa index .BVSP rose 1.3 percent to 66,442.95, on track for a second session of gains.
The government said the U.S. economy grew 5.7 percent in the fourth quarter, beating forecasts and underscoring a recovery in the world’s largest economy. For details, see [ID:nCAT005061].
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This good news comes from ECLAC ( Economic Commission for Latin America and Caribbean- which is part of the United Nations) in their 10 December 2009 report.
The GDP of the region which fell by 1.8% in 2009 due to the global crisis will resume growth in 2010 with 4.3 %. The region had an annual average growth of 4.8% in the period 2003-2008. In this period, the region enjoyed a current account surplus as well as primary surplus, accumulated foreign exchange reserves, reduced external debts, booming exports and strong macroeconomic fundamentals. This is the strength which helped the region to withstand the global crisis in 2008-9 with only moderate adverse impact and bounce back in 2010.
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Last Updated:[1/25/2010 8:02:50 AM]
The trade ministers of an alliance of Latin American Countries (ALBA) will meet today to discuss the operational launch of a regional electronic currency. In last April, Venezuelan President Hugo Chavez and the leftist leaders of the region agreed to minimize the US dollar dependence by launching a Latin American currency styled in line with the euro.
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Chavez during a political rally on Saturday apprised that the leaders would meet on Monday in Caracas to further shape an extraordinary project” on a currency that will “break the dependency on the dollar, its economic and financial colonialism.
