As tech business grows more expensive in California’s Silicon Valley, some investors are looking to alternative markets for lower costs and ventures that promise growth. The tech ecosystems in Berlin and Barcelona are among the locations absorbing investment, while in Latin America Mexico City is competing for prominence among the region’s tech cities. Mexico City’s proximity...
Since 2013 Mexico’s ICT sector has positioned itself for new investment opportunities on the back of constitutional reforms that sought to increase competition and reduce monopolistic behaviour in the market, especially when it came to telecommuications. At the beginning of the decade América Móvil, owned by Mexican billionaire Carlos Slim, dominated mobile telecoms, an...
More and more commercial transactions are moving online and the so-called digital economy continues to expand its reach into every facet of the traditional analogue economy. For businesses this means they have access to new channels to reach existing clients as well as new opportunities to expand market share with a competitive digital offering. For consumers the ever-...
Several initiatives are under way to transform Mexico’s major metropolitan areas into so-called smart cities, combining technology and government policy to create better economies, a cleaner environment and to improve mobility and governance in order to enhance the quality of life of their inhabitants. Among the benefits are greater efficiency...
Mexico’s IT services and software sector reported a compound annual growth rate of 12% between 2010 and 2016, with its market value estimated at $11.3bn in 2016, according to ProMéxico, the country’s investment and export promotion agency. In 2017 Mexico placed 13th out of 65 countries in terms of the best locations to provide IT, business...
Mexico’s telecoms sector is the second largest in Latin America after Brazil in terms of subscriber numbers, contributing approximately 2.4% to GDP in the third quarter of 2017. Between June 2013, when significant telecoms reforms were introduced by the government, and September 2017, sector revenues swelled by 66.7%, or MXN451m ($24.7m...
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