Investment in Latin America's IT and telecoms sectors will grow by 5.7% and 6% respectively in 2015 for a total of US$347bn, according to consultancy IDC.
According to the consultancy, IT growth in 2015 will outpace the global average of 3.7% but will be below other emerging regions such as Central and Eastern Europe and the Middle East and Africa.
Speaking during a webinar on Wednesday, IDC Latin America president Ricardo Villate said Brazil would grow at a moderate pace of 3.2% in IT due to the slowing economy, while Mexico would steam ahead with 6.3% growth.
Chile, Peru and Colombia are all expected to perform above the regional average.
IDC observed that SaaS will impact the enterprise hardware market, which will see only a 4% growth rate. IT services will grow 6.5%, while software will rack up an 11% rate.
Telecom/IT Investment in Latin America Forecast to Hit US$347bn
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