The value added of computer programming and consultancy in Mexico has demonstrated steady growth from 2013 to 2023, where it stood at 25.94 billion Mexican Pesos. Delivering a remarkable CAGR of 9.94% in 2016, the sector has seen volatility in growth rates; for instance, 2018 witnessed a meager 3.17% increase, while 2020 saw a robust 9.35% rise. The most recently observed changes for 2022 and 2023 were 3.68% and 3.48%, respectively. Despite declines in some years, the average variation per year over the last five years (CAGR) is 3.77%, illustrating stable upward momentum.
Future trends to watch for include:
- Continued digital transformation driving demand for IT consultancy services.
- Expansion of cloud computing and cybersecurity services.
- Potential economic conditions that might impact funding for technological projects.
- Mexico's increasing participation in the global tech market.
- Dependency on the regulatory landscape affecting tech industry operations.