The Value Added of ICT Services in Mexico experienced a notable fluctuation from 2013 to 2023, with significant ups and downs. In 2023, the value stood at 4.21 billion Mexican Pesos, reflecting a marginal year-on-year increase of 1.51%. Notably, the past two years saw varied growth; in 2022, there was a slight decline of 0.42%, while 2021 observed higher growth at 3.66%. Over the last five years leading to 2023, the compound annual growth rate (CAGR) averaged at 2.15%, suggesting moderate development in the sector.
The forecasted data reveals a relatively steady growth trajectory. From 2024 to 2028, the anticipated CAGR is 1.07%, culminating in a projected value of 4.51 billion Mexican Pesos by 2028. This represents a 5.45% overall growth over five years, indicating a modest but consistent positive trend in the future.
Future Trends to Watch for:
- Investments in emerging technologies such as AI and IoT to potentially accelerate growth.
- Government policies and incentives aimed at digital transformation.
- Increased demand for remote services and digital solutions post-pandemic.
- Expansion of tech start-ups and increased foreign investments in the ICT sector.
