Newly released market study: Colombia Information Technology Report Q1 2016

The depreciation of the peso has historically hampered US denominated growth in the IT market. Nevertheless, we are now anticipating strong growth in the Colombian IT market in 2016. Our in-house Country Risk Team envisions a stable peso in 2016 and we have revised our growth trajectory upwards as we now maintain a bright medium-term outlook extending beyond 2016. Colombia, with strong economic performance and a supportive policy environment, will become a regional outperformer.

Headline Expenditure Projections

Computer Hardware Sales: COP3.67trn in 2014, rising to COP5.07trn by 2019. A combination of increased purchasing power (from 2016), educational procurement and the potential for sales to both first-time buyers and upgrades/replacements will make Colombia a regional outperformer.
Software Sales: COP1.16trn in 2014 to COP1.84trn by 2019. The software segment is expected to develop rapidly both in terms of end-user demand and the growth of the local software development industry.
IT Services Sales: COP2.28trn in 2014 to COP3.66trn in 2019. Investment in data centre facilities and increasing the capacity and coverage of data networks will support wider adoption of cloud computing and smart services, boosting IT services market growth.

Full Report Details at
- http://www.fastmr.com/prod/1073375_colombia_information.aspx?afid=301

The Colombia Information Technology Report features Business Monitor International (BMI)'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).

Coverag

BMI Industry View

Summary of BMI’s key industry forecasts, views and trend analysis covering IT, regulatory changes, major investments and projects and significant national and multinational company developments.



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