Forecast: Computer Programming, Consultancy Services Output in Mexico

The output value of Computer Programming and Consultancy Services in Mexico has demonstrated consistent growth from 2013 to 2023. The value in 2023 stands at 58.89 billion Mexican Pesos. The year-on-year variation for 2022 was significantly high at 11.74%, while the variation in 2023 is more modest at 2.42%. Over the last two years, the sector has grown steadily, showing varying but overall positive growth rates. The compound annual growth rate (CAGR) over the last five years, from 2018 to 2023, was 4.52%, indicating healthy industry expansion.

Future trends to watch for include:

  • Projected annual growth of 1.75% for the next five years up to 2028.
  • Ongoing digital transformation and increasing demand for IT services in various sectors.
  • Potential impacts of technological advancements such as AI, machine learning, and blockchain on service delivery and efficiency.

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