Colombian IT market projected to grow at a compound annual growth rate (CAGR) of 12%
The Colombian IT market is one of the least developed in the Latin America region, but is projected to grow at a compound annual growth rate of 12% over the 2010-2014 period.
The e-commerce market in the country, which is growing at an estimated 40-45 per cent on a compounded aggregate growth rate basis vis-a-vis a global growth rate of 8-10 per cent, is likely to touch Rs 50,000 crore this year, says a recent study.