Supported by an attractive investment framework, the technology and telecoms sector will continue to receive significant foreign investment in 2018-22. Total telecoms investment will rise to just under Ns5bn (US$1.4bn) by the end of the forecast period. This will drive the expansion of technology and telecoms in secondary cities. The communications sector accounts for the third-largest stock of Peru's foreign investments after mining and financial services.
The size of the total information technology (IT) market in Peru was estimated to be S16.2bn (US$5bn) in 2017, with mobile services accounting for nearly three-quarters of the total. The sector is expected to reach S20.6bn by 2021 (latest available data), with the share of mobile services rising to 85%.
Industry List: Fixed, Telecommunications, Internet, Telecommunications, Mobile, Telecommunications, Telecommunications
Industry Codes (NAIC): 517
Industry Codes (SIC): 48