Forecast: Fixed Investment in Computer Software and Databases in Mexico

Fixed investment in computer software and databases in Mexico reached a value of 19.79 billion Mexican Pesos in 2023. The market has experienced significant growth over the past decade, with year-on-year variations peaking at 25.9% in 2021. From 2013 to 2023, the compounded annual growth rates (CAGR) have been robust, most recently standing at 17.56% over the last five years. While the market saw fluctuations, including a slight dip in growth in 2018, it achieved consistent acceleration from 2020 onward.

Looking ahead, the market is projected to continue its upward trajectory with a forecasted 5-year CAGR of 8.22% and an overall growth rate of 48.44% by 2028. Key trends to monitor include the integration of artificial intelligence, increased cloud computing adoption, and enhanced cybersecurity measures which could drive further investment.

Future trends to watch for:

- Adoption of artificial intelligence and machine learning technologies.

- Expansion of cloud computing services.

- Enhanced focus on cybersecurity investment.

- Increasing demand for data analytics and storage solutions.

- Growth in the tech startup ecosystem within Mexico.