IT Industry In Latin America
Latin America IT Market Growth
- In 2002 the Latin American IT market size was $26.4 billion.
- Hardware market accounts for 56% of total IT spending and it is expected to grow 8.5% (CAGR between 2003 and 2006)
- 2-Tier distribution accounts for 40% of total product sales or 7.7B$
Source: Sept 2002 IDC Black Book