Telecommunications will continue to be a dynamic sector of the Peruvian economy over the forecast period, driven by increased demand from an emerging middle class and investment, narrowing a still-wide infrastructure gap and enhancing connectivity and penetration rates.
According to a US-based consulting firm, Pyramid Research, the communications market was estimated at US$4.1bn in 2011, with revenue from mobile voice telephony services accounting for an estimated 54% of the total. This will fall to just 50% by 2016 as broadband Internet and mobile data services gain ground, supported by sustained growth in consumer demand.
Helped by an attractive investment framework, the technology and telecommunications sector will continue to receive significant foreign investment in 2013-17. This will drive the expansion of technology and telecoms in secondary cities. The telecoms sector alone accounted for an estimated US$3.8bn, or 17%, of Peru's total stock of foreign investment at end-2011.
Industry List: Hardware, Telecoms and Technology, Internet, Telecoms and Technology, Software, Telecoms and Technology, Telecoms and Technology, Telecoms, Telecoms and Technology
Industry Codes (NAIC): 517
Industry Codes (SIC): 48
Telecoms and Technology Report Peru
Market data at a glance
Telecoms and technology report
Telecoms and technology report: Overview
Telecoms and technology report: Telecoms
Telecoms and technology report: Internet
Telecoms and technology report: Hardware
Telecoms and technology report: Software