Exploring the Booming Landscape of Mexico IT
The IT Industry Landscape in Mexico
The Mexican business landscape is undergoing a rapid change. Once dominated by the manufacturing industry, multinational policies such as the North American Free Trade Agreement USMCA and a nationwide investment in tech-focused ventures have brought information technology (IT) in Mexico to the forefront of the economy. Today, the country is considered a major player in the IT sector, boasting an influx of thousands of graduates from renowned institutions such as Tecnológico de Monterrey. Many of these young professionals are finding opportunities with tech startups and corporations in the United States and Canada.
A large number of software developers and engineers are also establishing careers in Mexican cities like Guadalajara, which is now proudly known as the country’s “Creative Digital City” and “Mexico’s Silicon Valley.” Located in the western state of Jalisco, Guadalajara is home to numerous tech incubators, as well as its offices owned by blue-chip tech companies like IBM, Softtek, and Intel. Government and business leaders in Guadalajara and throughout Mexico are united under one goal to create more jobs, discover competitive advantages for the technology industry, and design new spaces that foster talent and innovation. With their commitment and hard work, their vision is to boost the country’s development and place it in the global economy.
The Future of IT in Mexico
As higher rates of graduation in STEM and engineering continue throughout Mexico, an estimated US $120 million has been invested in Guadalajara-based startups and the creation of the Creative Digital City. Jalisco’s IT economy also continues to grow exponentially, with revenues of more than US $21 billion in tech products. This number is only expected to rise even further in the coming years.
The dramatic improvements in development, productivity and efficiency have led to what is considered the Fourth Industrial Revolution (Industry 4.0). This phenomenon is focused on value chains, exporting of services, and new solutions for the cyber-physical convergence. With Mexico ranked as the 3rd largest exporter of IT services, strategic improvements are underway to foster the implementation of new technologies, identify future technology trends, and satisfy domestic and foreign demands for high-skilled talent through avenues like regular certifications.
The Mexico IT industry has created an ideal ecosystem to strengthen both productive capacities and competitiveness. In having a close relationship between government bodies, universities, and corporations in the IT industry, the country will only continue to benefit from joint efforts to bring country-wide growth and improvements.
Why Choose Mexico for IT Outsourcing?
There are a variety of reasons why North American companies are choosing Mexican IT for outsourcing. These include:
- A growing talent pool: While Mexican students become more interested in STEM, their American counterparts are now less likely to earn IT and engineering degrees. In addition, Mexico now has 120 universities and technical schools, as well as 65,000 highly-skilled professionals focusing in the IT industry graduating each year.
- Lower costs: The cost to hire talent is also much lower in Mexico than it is in the US. This gives stateside companies the advantage to hire expert-level talent at a fraction of the price. When wanting to enhance a company’s resources and stay within budget, outsourcing to Mexican talent costs up to 70% less, which provides a clear financial advantage.
- Same or similar time zones: Since most businesses want to reap the benefits of agile software development, shared time zones allow for real-time communications and easy exchange of information between US clients and Mexico-based IT providers. Additionally, the close geographical proximity reduces friction for travel, facilitating visits and enhancing trust.
- By taking advantage of expert talent and the ease of work that Mexico provides, companies can scale and grow with higher efficiency, as well as increase competitiveness by bringing a different point of view and approach to projects. If you’re interested in learning more about outsourcing IT to Mexico, consider nearshore development services. iTexico’s NearshorePlus works just like information technology offshoring, except it allows businesses of all sizes to pair with Mexican teams that share the same time zone and borders. Additional reasons to outsource information technology to Mexico include a closer alignment in culture, communication, and IP laws. Discover ways to innovate better while reducing the cost, risks, and time to launch your product or service by visiting the iTexico website.
iTexico is devoted to providing multidisciplinary software development teams as a service for Mobile, Web, and Cloud. We provide end-to-end design, development, testing, devops, and support services by leveraging an innovative Nearshore+ delivery model. With its headquarters in Austin, TX, and wholly-owned delivery centers in Guadalajara and Aguascalientes, Mexico, iTexico has experienced steady growth every year for the last 7 years serving startup, growth, mid-market, and enterprise technology-driven companies, including Carbon Black, ESRI, Microsoft, Integral Ad Science, HomeAway, and others. For more information, please visit http://www.itexico.com.