2013-01-08 14:14:47 - New Computer Technology market report from Business Monitor International: "Colombia Information Technology Report Q1 2013"
BMI View: Colombia's IT market is forecast to increase in value to US$3.3bn in 2013, representing a 9% year-on-year increase. Colombian IT spending is projected to grow at a compound annual growth rate of 10.9% during the period 2013-2017, driven by economic growth, government ICT initiatives and improving infrastructure. The consumer-driven economic boom of the past few years may have come to an end, but rising incomes and greater computer affordability will result in more spending on IT products and services. Meanwhile, the government's Vive Digital ICT development plan should also help to underpin market expansion over our five-year forecast period.
Headline Expenditure Projections:
Computer hardware sales: US$1.5bn in 2012 to US$1.6in 2013, +8% in US dollar terms. Forecast in US dollar
terms downwardly revised due to analyst adjustment amid signs of a consumer slowdown. However, tablets are expected to be a growth area, with a strong uptake of the devices in the Colombia market.
Full Report Details at
- www.fastmr.com/prod/523881_colombia_information_technology_repor ..
Software sales: US$487mn in 2012 to US$537in 2013, +10% in US dollar terms. Forecast in US dollar terms downwardly revised due to analyst adjustment, with the greatest demand for basic solutions, such as enterprise risk management and supply chain management systems.
IT services sales: US$1.0bn in 2012 to US$1.2bn in 2013, +11% in US dollar terms. Forecast in US dollar terms downwardly revised due to analyst adjustment, although more spending is expected on ehealth, e-education and e-government service roll-outs.
Risk/Reward Rating: Colombia's score is 53.1 out of 100.0. Colombia ranked eighth our of nine markets in the Americas region in our latest risk/reward ratings (RRRs) table, behind all of its regional peers, with the sole exception of Venezuela. Despite the high growth potential of its market, Colombia's overall ranking was constrained by a low country rewards score of just 50, marking the country joint lowest in the region with Peru.
Key Trends & Developments
?? The government's Vive Digital programme offers a long-term boost to the IT market, with a pledge to eliminate import tariffs on connectivity devices, and to take measures to enhance credit availability for such devices. Private credit growth has also started improving, and could mean an increasingly bright outlook for household consumption. ?? The business sector also represents a large opportunity, due to the relatively low levels of computerisation among small businesses in particular. According to government figures, just 7% of Colombia's small businesses are currently online, although such businesses represent 96% of all Colombian enterprises. ?? Investment in data centres, information management and security solutions are expected to be growth areas in the large company segment. Meanwhile, the government's ambitions to develop Colombia as a regional business process outsourcing (BPO) hub, which have enjoyed a degree of success, will generate more demand for back-end systems and services. Cloud computing remains a niche, but interest is growing.
Report Table of Contents:
- Colombian IT Sector SWOT
- Colombian Telecoms Industry SWOT
- Colombia Political SWOT
- Colombia Economic SWOT
- Colombia Business Environment SWOT
Americas Risk/Reward Ratings
- Table: Americas IT Risk/Reward Ratings
Americas IT Markets Overview
- IT Penetration
- Market Growth And Drivers
- Sectors And Verticals
- Government Authority
- Industry Developments
- Incentives For Offshoring Investment
- Table: Colombia IT Sector - Historical Data & Forecasts (US$mn Unless Otherwise Stated), 2010-2017
- Industry Forecast Internet
- Table: Internet - Historical Data And Forecasts
- IT Services
- Internet Competitive Landscape
- Table: Colombia - GDP By Expenditure, Real Growth %, 2008-2016
- Table: Selected Dell Mergers And Acquisitions
- Table: Colombia's Population By Age Group, 1990-2020 ('000)
- Table: Colombia's Population By Age Group, 1990-2020 (% of total)
- Table: Colombia's Key Population Ratios, 1990-2020
- Table: Colombia's Rural And Urban Population, 1990-2020
- How We Generate Our Industry Forecasts
- IT Industry
- IT Ratings - Methodology
- Table: IT Business Environment Indicators
- Table: Weighting Of Components
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