New Market Report: Venezuela Information Technology Report Q2 2016

The IT market in Venezuela plunged in US dollar value in 2015 as a result of devaluation, and with spiralling inflation , further b olivar weakness, political risk and a low oil price we expect further contraction in 2016 and over the medium term. We have a very bearish o utlook for the IT market ami economic dislocation that has seen widespread deferred spending by households and enterprises, as well as product shortages due to restricted dollar access that has been so severe as to hit output by the domestic IT industry. There is elevated downside even under our bearish outlook, with increased risk of default or quasi default, though not our core scenario. We expect Venezuela to be the underperforming IT market globally in 2016 and over the medium term to 2020.

Full Report Details at
- http://www.fastmr.com/prod/1131004_venezuela_information.aspx?afid=301

Computer Hardware Sales: From VEF9.9bn in 2016 to VEF24.5bn in 2020, at a CAGR of 25.5%. Inflation to drive local currency growth, but outlook is bleak due to sharp reduction in affordability and product shortages as even local assembly has stalled due to extent of economic dislocation.
Software Sales: From VEF3.2bn in 2016 to VEF8.9 in 2020, at a CAGR of 29.6%. Brain drain, piracy and weak enterprise investment outlook all weigh on the software spending forecast, with a return to growth only expected in final years of our forecast.
IT Services Sales: From VED2.8bn in 2016 to VEF8.1bn in 2020, at CAGR of 29.9%. Cost saving and flexibility enhancing services such as cloud and outsourcing could benefit over long-term from experience of crisis, but in the medium term this will be overwhelmed by crisis.

The Venezuela 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 Venezuela 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 Venezuela.

Key Benefits
Benchmark BMI's independent IT Industry forecasts for Venezuela to test other views - a key input for successful budgetary and strategic business planning in the Venezuelan IT market.
Target business opportunities and risks in Venezuela's IT sector through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments in Venezuela.
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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