"Venezuela Information Technology Report Q3 2016" now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Thu Jun 16 2016

The government is hoping it can reinvigorate the local computer hardware industry through the creation of Special Economic Zones , but at least in the short- to medium term we expect local industry and IT market spending will be determined by the severe economic crisis. Demand plunged in US dollar value in 2015 as a result of devaluation in Q115 , and with spiralling inflation , further b olivar weakness, political risk and a low oil price we have a bleak outlook for 2016. We expect 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, al 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/1182938_venezuela_information.aspx?afid=301

Computer Hardware Sales: From VEF9.9bn in 2016 to VEF24.5bn in 2020, at a CAGR of 25.5%. Product shortages reported in 2015 as even local assembly stalled due to extent of economic dislocation, and there was a sharp deterioration in PC affordability due to devaluation, meaning the market is expected to remain depressed in 2016.

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%. Wider adoption of IT services would be advantageous to Venezuelan enterprises through cost saving and flexibility offered, but with a shortage of local expertise and investors deterred, the outlook is also weak in this segment.

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.

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Contact Name: Bill Thompson
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