Today: February 24, 2017, 8:39 pm
Computer & Technology

Venezuela Information Technology Report Q2 2014: New research report available at Fast Market Research

New Computer Technology market report from Business Monitor International: "Venezuela Information Technology Report Q2 2014" 2014-03-28 12:17:36
Despite a deteriorating economic situation in Venezuela, with inflation at around 50%, for example, the government decided to stay the course, posing further risks to an already-poor business environment. This will further shrink the private sector, exacerbate shortages and worsen market distortions. As a fairly small market in the region, it has plenty of opportunities for growth, with low PC penetration and government programmes to boost sales. However, because of ICT connectivity weaknesses and an environment that is adverse to innovation, there will little scope for international vendors to compete.

Headline Expenditure Projections

Computer Hardware Sales: From VEB6.6bn in 2013 to VEB7.5bn in 2014. The weaker growth environment, as well as the ongoing depreciation of the bolivar, resulted in a downgrade to our forecast for 2014 as it increases the price of imported hardware. Cheap computer programmes, and the PCs for schools programmes is a driver of unit shipments.

Full Report Details at
- ..

Software Sales: From VEB1.8bn in 2013 to VEB2.1bn in 2014. High levels of software piracy and the government's commitment to open source software will limit opportunities for proprietary software vendors.

IT Services Sales: From VEB1.6bn in 2013 to VEB1.9bn in 2014. We expect around 75% of demand will come from large companies, with the oil sector still significant despite the fall in oil prices. However, there is medium-term potential for IT services sales to SMEs, particularly cost-saving cloud computing services.

Risk/Reward Rating

Venezuela's score remained flat in the Q214 update with the impact of the ongoing dereciation of the bolivar already factored into our forecasts.

Key Trends & Developments

The outlook for the PC market has worsened with the ongoing depreciation of the bolivar, however opportunities still exist in the market. Venezuelan computer shipments are forecast to continue to grow due to the government's affordable computer programmes, computers for education initiatives and more local production of inexpensive computers. The 'Va a mi Casa' programme has been extended to high school students. The latest target is for 2.6mn computers distributed by 2014. VIT announced three domestically produced tablets targeted at the local market that could see the trend of tablet sales growth hitting Venezuela in 2014.

Government support for PC shipments contrasts with the negative impact of the support for open source software. The promotion of open source software is a core Venezuelan government IT policy. Although the government has said open-source adoption by public sector organisations has been hindered by 'worker opposition', it has maintained its commitment to the policy.

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156.

Press Information

Published by
Bill Thompson

# 616 Words
Related Articles
More From Computer & Technology
V3CUBE – A famous uber clone company [..]
A company that started in 2005 with just three members in a little dingy little basement with three tables, and [..]
Centrify Analytics Service Stops Breaches in Real-time [..]
February 22, 2017, Dubai, UAE - Centrify, the leader in securing hybrid enterprises through the power of identity services, announced [..]
V3CUBE To launch uber app clone in [..]
Iran and other Middle-eastern countries are all set to welcome the Uber app clone in Persian language. This amazing and [..]
Mimecast Combats Rise of Internal Email Threats [..]
Dubai, UAE, February 20, 2017 – Mimecast Limited, a leading email and data security company introduced the latest capability of [..]
SA Virtual Server Prices Reduced for all [..]
ATS All Technology Solutions is proud to announce we have reduced our prices on our South African Data Center. Price [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.