Indian IT Out to Conquer Latin America

The growing Latin American potential for consumption of IT services is attracting information technology companies from India.

Wednesday, November 28, 2012

An article in Nearshoreamericas.com states that "An increasing number of Indian technology companies are expanding in the emerging markets of Latin America, in an attempt to reduce their excessive dependence on the already saturated markets of the United States and Europe ".

The market intelligence firm IDC notes that Latin American IT services amounted to $24 billion in 2011 and is on track to grow by 10.8% a year over the next four years.

According to IDC, Latin America represents an untapped market of $40 billion. There has been a rapid increase in IT spending in Latin America in the last ten years, and the entire IT ecosystem of the region has been transformed with increased spending on emerging technologies like cloud computing, social media, mobility and large volumes of data.



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