Argentina IT Outsourcing Industry
Argentina IT Outsourcing Industry October 11, 2019 Table of Contents Section I: Software & IT Services Industry - Argentina » Market Size » Sector Snapshot » Outsourcing Stimulus » Outlook Section II: Abbreviated Company Profiles (Key Players) Section III: Private Company Profiles » Belatrix » Devartis » GlobalLogic Section IV: Public Company Profiles » Globant » Endava 2 PRIVATE & CONFIDENTIAL – NOT FOR DISTRIBUTION Section I: Software and IT Services Industry - Argentina Software and IT Services Market Size Argentina Software and IT Services market • According to Cámara de la Industria Argentina del Software (CESSI Argentina), the total annual sales of the Software and IT Services increased from ARS$9,476.0 mn ($2,541.0 mn) in 2009 to ARS$92,355.0 mn ($3,283.0 mn) in 2018 • Due to Peso devaluations, total sales measured in US dollars fell by 11.1% in 2014, 20.1% in 2016 and 14.4% in 2018, while in Pesos they had grown significantly in those same years (33.7%, 27.2% and 43.2% respectively) • Employment, in the sector, has increased by 47.8% between 2009 and 2018, at a cumulative annual rate of 4.4% 4,500.0 4,254.0 25.0% 4,002.0 4,153.0 3,837.0 4,000.0 3,619.0 3,692.0 20.0% 3,401.0 3,500.0 3,283.0 15.0% 3,016.0 10.0% 3,000.0 2,541.0 5.0% 2,500.0 0.0% 2,000.0 -5.0% 1,500.0 -10.0% 1,000.0 -15.0% 500.0 -20.0% 0.0 -25.0% 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Annual Total Sales (US$ mn) YoY growth 100,000.0 92,355.0 50.0% 90,000.0 45.0% 80,000.0 40.0% 70,000.0 64,494.0 35.0% 60,000.0 30.0% 50,268.0 50,000.0 25.0% 39,525.0 40,000.0
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