Colombia Information Technology Report - Business Monitor International - Industry Reports

Colombia Information Technology Report

Colombia Information Technology Report - Business Monitor International - Industry Reports
Colombia Information Technology Report
Published Sep 10, 2016
69 pages — Published Sep 10, 2016
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Abstract:

We lowered the forecast for IT market growth in ---- in the Q--- update and we now envisage an expansion of -.- to COP-.--trn. Even after the downward revision the market is still in better shape than ---- when demand, particularly for IT hardware, declined sharply as the peso depreciated from an average of COP-,---/USD in ---- to COP-,---/USD in ----. ...Depreciation will again be a drag on spending through reduced affordability as the price of the imported hardware increases in local currency terms. This is however less of a factor than in ----, but nonetheless import data and retail sales from H--- indicate PC sales have been hit by competition from smartphones, with tablet sales particularly vulnerable to substitution for phablets. In terms of ICT sector initiatives, the policy environment in Colombia is considered a strength, both in terms of regulation and government spending - such as procurement of devices for the education system, healthcare-specific software and the COP--bn investment plan for Colombia s digital inclusion ...This is however less of a factor than in ----, but nonetheless import data and retail sales from H--- indicate PC sales have been hit by competition from smartphones, with tablet sales particularly vulnerable to substitution for phablets. In terms of ICT sector initiatives, the policy environment in Colombia is considered a strength, both in terms of regulation and government spending - such as procurement of devices for the education system, healthcare-specific software and the COP--bn investment plan for Colombia s digital inclusion

...IT Hardware Sales: COP-.--trn in ----, rising to COP-.--trn by ----, at a compound annual growth rate (CAGR) of -.- . Downgraded outlook as evidence of PC substitution for smartphone spending mounts, eroding the growth potential offered by relatively low PC penetration. Software Sales: COP-.--trn in ---- to COP-.--trn by ----, at a CAGR of -.- . The domestic software industry benefited from depreciation, which made it more competitive, but will face competition from global vendors for the spoils from modernisation over the medium term. IT Services Sales: COP-.--trn in ---- to COP-.--trn in ----, at a CAGR of -.- . ...IT Services Sales: COP-.--trn in ---- to COP-.--trn in ----, at a CAGR of -.- . The cost-savings potential of IT services, especially outsourcing, cloud computing and smart services, will drive up adoption and boost market value.

...BMI View: We have revised our forecast for the Colombian IT market down in the Q--- update as we adopted a more bearish outlook for PC sales amidst intensifying competition from smartphones, which consumers are increasingly using as sole computing devices, and so lowers the PC volume outlook. However, our positive view of software and services growth potential was unchanged and we believe a strengthening of the Colombian economy from ----, along with a tailwind from the potential formal conclusion of conflict with FARC, will drive investment in IT by the private sector as confidence improves. ...

  
Source:
Document ID
1756-4794
Country
Industry
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Colombia Information Technology Report" Sep 10, 2016. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Colombia-Information-Technology-Report-2026-377>
  
APA:
Business Monitor International - Industry Reports. (2016). Colombia Information Technology Report Sep 10, 2016. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Colombia-Information-Technology-Report-2026-377>
  
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