Forecast: Production of Software Publishing in Mexico

The production of software publishing in Mexico has shown a steady increase from 2013 to 2023, standing at 13.55 billion Mexican Pesos in 2023. The annual year-on-year variations over the past two years were 1.52% in 2022 and 3.36% in 2023. The compound annual growth rate (CAGR) over the last five years has been 3.85%, reflecting moderate growth.

Looking forward, the forecasted data from 2024 to 2028 indicates continued growth, albeit at a slower pace. The forecasted 5-year CAGR from 2023 to 2028 is projected to be 2.46%, with an anticipated total growth of 12.9% over this period. By 2028, the production value is expected to reach 15.86 billion Mexican Pesos.

Future trends to watch for include:

• The impact of technological advancements and digital transformation on software demand.
• Market penetration of innovative software solutions in various sectors.
• The influence of foreign investment and outsourcing on production capacity.
• Changes in regulatory policies and their impact on the software publishing market.