Logistics, banking, tourism and education are some of the sectors in Panama that need to modernize their computer systems, which generates business opportunities for developers of technological solutions.

According to a study prepared by the Foreign Trade Promoter (Procomer), Panama’s ICT market exceeds $1.5 billion per year as a contribution to the Gross Domestic Product (GDP).

Regarding the opportunities identified, the document states that the “… Logistics needs to modernize postal systems, port infrastructure to connect it with telephone and Internet penetration and the needs of transport companies could be taken advantage of in offering solutions.”

The document adds that “… in the banking sector its changing situation represents opportunities for the demand for IT solutions that add value to its proposal and encourage the financial inclusion of the unbanked population.”

Download full report (in Spanish).