Software sector estimated to move US$3.1bn this year

- Monday, August 29, 2011

Software sector estimated to move US$3.1bn this year

Argentine software and IT firms expect to bill US$3.1bn this year, up 23.9% compared to 2010, local newspaper La Nación reported, citing information from software chamber Cessi.

According to Cessi, tailored software development accounts for 36% of total revenues.

Software and IT exports this year will reach US$747mn, climbing 16.5% compared to the previous year.

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Meanwhile, the overall sector expects to employ some 70,000 people this year, up 15.1% compared to 2010. During the previous year, it added some 7,000 people.

According to 70% of software and IT companies, lack of sufficient qualified human resources is still an obstacle to further developing the sector.