IDC Latin America has published its forecast for the ICT market in the region in 2011, forecasting a growth of 6.3 percent over the previous year, representing total spending of USD 74 billion in 2011.
The software business will grow even more, 8.2 percent and, hardware 4.7 percent. Cloud computing should bring in over USD 200 million in 2011, with significant annual growth forecast at around 60 percent annually over the next five years until 2015. Social platforms, worth USD 50 million in 2010, will double this year.
According to IDC, in 2009 only one in 15 phones sold were smartphones, in 2011 this ratio will reach five to one. By 2014, the market is moving towards a ratio of a smartphone for every two ordinary phones. The smart phone market is set to grow 70 percent this year. IDC predicts that the number of users with data plans in the mobile services will grow 104 percent in 2011, with growth rates maintained until 2013.