New Market Research Report: Colombia Information Technology Report Q3 2016

From: Fast Market Research, Inc.
Published: Tue May 31 2016


Trade data for Colombia in 2015 reinforced our bearish assessment of domestic market conditions as hardware demand fell sharply as a result of peso depreciation against the US dollar, which caused a negative shock to affordability. Led by a drop in hardware spending, we estimate the overall IT market contracted in local currency terms in 2015, and was down by 29 .0 % in US dollar terms. Conditions will continue to be challenging in 2016, but o ur forecast envisages medium-term improvement and we forecast a CAGR of 8.3 % over 2016-2020 as a whole to a value of COP9.9 7 trn. S trong economic performance which will boost purchasing power from 2017 and raise enterprise confidence, alongside a supportive policy environment, will make it a regional outperformer in the later years of our forecast.Latest Updates And Industry DevelopmentsIT Hardware Sales: COP3.47trn in 2016, rising to COP4.54trn by 2020, at a CAGR of 6.9%. There will be pent-up demand for PC upgrades and replacements by 2017, which coupled with rising incomes, will drive strong growth.
Software Sales: COP1.24trn in 2016 to COP1.74trn by 2020, at a CAGR of 8.7%. The domestic software industry is gaining scale, while in terms of end-user demand we expect stronger economic performance will accelerate spending growth over the medium term.
IT Services Sales: COP2.55trn in 2016 to COP3.70trn in 2020, at a CAGR of 9.8%. The service segment will weather the challenging economic environment of 2016 better due to cost savings offered, and we believe adoption of outsourcing, cloud computing and smart services will support medium-term outperformance.

Full Report Details at
- http://www.fastmr.com/prod/1172828_colombia_information.aspx?afid=301

The Colombia Information Technology Report features BMI Research's market assessment and independent forecasts covering personal computers and software; semi-conductors, memory chips, integrated circuits and general components; the internet and IT solutions. It analyses analyses regulatory changes (licensing, customs and intellectual property protection) and competitive landscapes comparing IT companies by products, sales, market share, investments, projects and expansion strategies.

BMI's Colombia Information Technology Report provides industry professionals and strategists, corporate analysts, IT associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the IT industry in Colombia.

Key Benefits
Benchmark BMI's independent IT Industry forecasts for Colombia to test other views - a key input for successful budgetary and strategic business planning in the Colombian IT market.
Target business opportunities and risks in Colombia's IT sector through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments in Colombia.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).

Coverage

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