Colombia Information Technology Report Q2 2016 - New Report Available

Following a downward revision based on weaker than anticipated retail PC sales in H215 , we now estimate the market contracted in local currency terms in 2015, while contracting by almost 29% in US dollar terms. Our forecast envisages 2016 as another challenging year, but the market will begin to turn positive and we forecast a CAGR of 7.3% over 2016-2020 as a whole to a value of COP9.91trn. Colombia, with strong economic performance that boosts purchasing power from 2017 and raises enterprise confidence , alongside a supportive policy environment, will make it a regional outperformer in the later years of our forecast.

Full Report Details at
- http://www.fastmr.com/prod/1119114_colombia_information.aspx?afid=301

Latest Updates And Industry Developments

IT Hardware Sales: COP3.45trn in 2016, rising to COP4.51trn by 2020, at a CAGR of 5.9%. After weak performance in 2015 and 2016 we believe there is pent-up demand for PC upgrades and replacements, which coupled with rising incomes, will drive strong growth from 2017.
Software Sales: COP1.23trn in 2016 to COP1.72trn by 2020, at a CAGR of 7.7%. 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: COP2.53trn in 2016 to COP3.68trn in 2020, at a CAGR of 9.0%. 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.

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

BMI Industry View

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