According to a new study from international consultancy IDC, Chile is set to see sales of ICT services reach US$1.76bn in 2006, up 13% compared to 2005.

For 2007, the Chilean market is expected to grow 10% compared to 2006. Chile is already a mature market, according to IDC. The consultancy estimates the Latin American market will grow 14.4% in 2006. IDC Southern Cone general manager Ricardo Villate has stated that economy of Chile has shown sustained growth while other countries were showing signs of recovery such as Argentina and Venezuela; SMEs were expected to see the largest increase in their IT investments, adding that that segment represents 40% of IT investments in Chile. SMEs are expected to increase their IT purchases at annual compound rates of 14% for the next five years. According to Villate, SMEs are in need of applications and IT services especially designed for their needs.

Be a part of Elets Collaborative Initiatives. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook , connect with us on LinkedIn and follow us on Twitter, Instagram.

"Exciting news! Elets technomedia is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!