Boston, MA -- (SBWIRE) -- 09/03/2014 -- We have a bullish outlook for the continued development of Chile's IT market , and we expect it to be a regional outperformer in Latin America despite its small population. High levels of spending per capita ha ve already resulted in the country hav ing the highest PC penetration rate in the region, a fact that bodes well for growth of software and IT services in the market - an important sign of market maturity. Nevertheless, there is still significa n t growth from hardware sales, with new form factors , such as tablets, enabling volume gr o wth to continue, even as the value of the market grows at a slower pace. Meanwhile, Chile's forward-looking government supports the rate of ICT growth with key developments such as the Imagine Chile Digital Agenda for 2013-20 2 0 and a move to encourage entrepreneurship among IT companies.

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Headline Expenditure Projections:

Computer Hardware Sales: We expect sales to rise to CLP850bn in 2014, increasing at a CAGR of 8.0% to reach CLP1.158trn by 2018. Tablets continue to support growth in the consumer market, while the withdrawal of support for XP will encourage upgrades by enterprises.

Software Sales: CLP368bn in 2014 to CLP509bn in 2018, CAGR of 9.5% in local currency terms. Spending on enterprise software continues to grow as enterprises modernise and look to increase international competitiveness.

IT Services Sales: We anticipate that this will be the fastest growing area of the market. Investment in data centres by major international providers including HP and IBM, as well as local companies such as Synapsis, look to tap into growing demand for cloud services from major verticals including utilities, financial services, government, telecoms and retail.

Key Trends And Developments:

There has been a shift in the tablet market in Chile in 2014, with a new breed of East Asian vendors challenging the dominance of global market leader Apple, but also Android tablet market leader Samsung...

The Chile Information Technology Report features Business Monitor International (BMI)'s market assessment and independent forecasts covering personal computers and software; semi-conductors, memory chips, integrated circuits and general components; the internet and IT solutions. It analyses analyses regulatory changes (licensing, customs and intellectual property protection) and competitive landscapes comparing IT companies by products, sales, market share, investments, projects and expansion strategies.

BMI's Chile Information Technology Report provides industry professionals and strategists, corporate analysts, IT associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the IT industry in Chile.

Key Benefits:

- Benchmark BMI's independent IT Industry forecasts for Chile to test other views - a key input for successful budgetary and strategic business planning in the Chilean IT market.

- Target business opportunities and risks in Chile's IT sector through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments in Chile.

- Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).

Coverage:

Executive Summary:

Summary of BMI's key industry forecasts, views and trend analysis covering IT, regulatory changes, major investments and projects and significant national and multinational company developments.

Regional Overview:

Cross-border analysis of regional markets, commenting on IT penetration (PC and internet) and market growth drivers (IT market size and IT market compound growth).

Country Market Overview:

Structure, size and value of the industry sectors including hardware, software and services; overview of the industry landscape and key players; assessment of the business operating environment and the latest regulatory developments and government authority.

BMI Industry Forecasts:

Historic data series and forecasts to end-2017 for all key industry indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

IT Sector: IT industry value (US$bn); IT sector contribution to GDP (%); value of hardware, software and services industry (US$mn); PC, peripherals and software imports and exports (US$mn); PC, peripherals and software sales (US$mn); number of PCs (`000); PCs/100 inhabitants; internet users (`000); internet users per 100 inhabitants; broadband subscribers (`000); broadband subscribers per 100 inhabitants.

Economy: Economic growth (%); nominal GDP (US$bn); unemployment (%); interest rates (%); exchange rate (against US$).

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