Market Report, "Peru Information Technology Report Q1 2015", published
New Computer Technology research report from Business Monitor International is now available from Fast Market Research
[USPRwire, Mon Nov 24 2014] We continue to expect the Peruvian IT industry to perform strongly over the next five years, even though the rest of the economy will expand at lower average rates as a decline in metals prices weighs on private investment into mining and results in slower export growth. This is because the retail sector will remain resilient over this period, given a rising middle-class consumer and declining unemployment. Real private consumption has consistently expanded above headline real GDP growth in recent quarters, a trend we expect to remain in place in the next couple of years. Government policies continue to support IT sector growth and trends in the industry such as declining device prices, improvements in network infrastructure and cloud computing adoption will spur growth. The major downside risk to our outlook is the weaker Chinese demand for the country's raw materials. This risk has intensified in Peru since the beginning of 2014 and we expect this to continue to weigh on economic growth in the months ahead, with potential negative consequences for the IT sector.
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