Mexico has emerged from the global crisis as one of Latin America’s most dynamic economies. The country is among the most open in the world, boasting free trade agreements with over 40 countries including the US, Canada, the European Union and Japan, making it an ideal location for the development of high-technology manufacturing and services.
According to A.T. Kearney, in 2010 Mexico ranked second in Latin America as an investment destination, attracting 23% of the total investment in software industry projects. According to Gartner, in 2010, Mexico was the 4th largest exporter of IT Services worldwide.
In 2011, A.T. Kearney ranked Mexico the sixth most attractive destination worldwide for the location of global services business, including the Digital / Tech sector. In the same year, at US $4.9 billion, Mexican exports of IT and BPO services showed a 19.5% increase, up from US $4.1 billion the previous year.
Mexico has more than 25 IT clusters made-up of over 700 companies. Universities, government and the private sector have jointly developed 24 technology parks in the country. There are a total of 3,237 IT companies in Mexico, up from 2,095 in 2002.
According to KPMG, Mexico offers savings of 38% on operating costs in software design and 60% on support services relative to the US. In addition, IT companies established in Mexico are eligible to for subsidies of up to 50% of total project costs or up to 30% of total R&D expenditure.