Software exports expected to quadruple by 2020

- Friday, August 12, 2011

Software exports expected to quadruple by 2020

Argentina's software and IT services industry exports are expected to quadruple to US$3bn by 2020, industry minister Débora Giorgi was quoted as saying by media outlet Télam.

In addition, the minister forecasts US$7.4bn in total industry sales in the country by the same year.

"The national software industry has increased sales 210% since 2003, while exports have increased 290%," Giorgi said. Argentina's software industry is "a strategic sector and a basic tool for building an increasingly competitive industry."

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According to the minister, one of Argentina's main advantages is the similarity of its time zone to those in North America and Europe - particularly beneficial for outsourcing services.

But the country still has room to improve in the availability and training of professionals, which would determine the industry's level of competitiveness, she added.