ICTs Show Growth Potential for 2020By Alessa Flores | Fri, 02/07/2020 - 17:47
Today, Mexico's ICT Sector is valued at MX$33 million (US$1.8 million) and is represented by more than 3,100 firms, according to INEGI. Software development is one of the technologies that leads the digital transformation worldwide and Mexico is no stranger to this trend. According to INEGI, Mexico's largest technology market is software development and the third is computer system design services, employing more than 76,000 people in the country. Robotics is another market that has experienced rapid growth in recent years and according to the International Robotics Federation, Mexico has become the ninth most important market for the sale of industrial robots and with sales of around 2,000 units per year.
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- Gabriel Muñoz, Brand Strategy Manager at Alestra, said Andrés Manuel López Obrador's government is embracing a digital transformation and has a clear intention to produce savings through the use of technology. This coincides with the announcement where Carlos Emiliano Calderón Mercado, National Digital Strategy Coordinator, of the government’s intensive cost reduction measures in technology, which involve the recovery of essential systems, as well as a new procurement and contracting policy established by the federal government.
- The British company Renishaw Mexico and Tecnológico de Monterrey have taken the initiative of creating the new Additive Manufacturing and 3D Technology Association (AMMA3D). The association will aim to group all organizations interested in developing and promoting additive manufacturing and 3D technology, as these new technologies are becoming increasingly important in multiple industries.
- According to the Association of Internet, the value of transactions of trade mail during 2018 reached MX$491.25 billion (US$26.2 billion) and during 1Q19 experienced growth of 22 percent with an increase of MX$299.66 billion (US$16 billion). Moreover, 33 percent of internet users made purchases in stores outside Mexico from regions like North America, Asia and Europe.
- Bnext arrives to the Mexican market with the aim of offering Mexicans a different alternative to traditional digital infrastructure-backed banking. As part of its international expansion, the digital bank chose Mexico as the first country to sell its service outside Europe, due to consumer characteristics and the potential to create a 69.6 million consumer portfolio, said Cristian Huertas, Bnext Country Manager.
- Advances in technology such as artificial intelligence enable state-of-the-art software to scan legal documents, streamline communications and find relevant legal casework. McKinsey reports that existing technology will automate 23 per cent of the work done by lawyers.