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Colombia Information Technology Report Q3 2016

  • May 2016
  • -
  • Business Monitor International
  • -
  • 66 pages

Includes 3 FREE quarterly updates

BMI View: Trade data for Colombia in 2015 reinforced our bearish assessment of domestic marketconditions as hardware demand fell sharply as a result of peso depreciation against the US dollar, whichcaused a negative shock to affordability. Led by a drop in hardware spending, we estimate the overall ITmarket contracted in local currency terms in 2015, and was down by 29.0% in US dollar terms. Conditionswill continue to be challenging in 2016, but our forecast envisages medium-term improvement and weforecast a CAGR of 8.3% over 2016-2020 as a whole to a value of COP9.97trn. Strong economicperformance which will boost purchasing power from 2017 and raise enterprise confidence, alongside asupportive policy environment, will make it a regional outperformer in the later years of our forecast.

Latest Updates And Industry Developments

- IT Hardware Sales: COP3.47trn in 2016, rising to COP4.54trn by 2020, at a CAGR of 6.9%. There willbe pent-up demand for PC upgrades and replacements by 2017, which coupled with rising incomes, willdrive strong growth.

- Software Sales: COP1.24trn in 2016 to COP1.74trn by 2020, at a CAGR of 8.7%. The domesticsoftware industry is gaining scale, while in terms of end-user demand we expect stronger economicperformance will accelerate spending growth over the medium term.

- IT Services Sales: COP2.55trn in 2016 to COP3.70trn in 2020, at a CAGR of 9.8%. The service segmentwill weather the challenging economic environment of 2016 better due to cost savings offered, and webelieve adoption of outsourcing, cloud computing and smart services will support medium-termoutperformance.

Table Of Contents

Colombia Information Technology Report Q3 2016
BMI Industry View 7
SWOT 9
Industry Forecast 11
Latest Updates 11
Structural Trends 11
Table: Enterprise Trends - GVA By Vertical (Colombia 2015-2020) 15
Table: IT Industry - Historical Data And Forecasts (Colombia 2012-2019) 17
Industry Risk/Reward Index 18
Table: Americas IT Risk/Reward Index, Q3 2016 21
Market Overview 22
Hardware 22
Software 28
Cloud Computing 32
IT Services 36
Industry Trends And Developments 40
IT Hardware Trade 40
Table: Latin America IT Hardware Trade, 2010-2015 40
Table: Colombia IT Hardware Trade, 2010-2015 41
Local Industry 42
Table: Colombia Electronics Industry Performance 43
Regulatory Development 45
Table: IT Regulatory Bodies 45
Competitive Landscape 49
Retailers 49
Table: Selected Electronics Retailers 49
Table: Selected E-Commerce Retailers 49
IT Vendors 50
International Companies 50
Table: Hewlett-Packard 50
Table: Lenovo 51
Table: Oracle 51
Local Companies 52
Table: Compuredes SA 52
Table: Productora de Software (PSL) 52
Regional Overview 53
Demographic Forecast 57
Table: Population Headline Indicators (Colombia 1990-2025) 58
Table: Key Population Ratios (Colombia 1990-2025) 58
Table: Urban/Rural Population and Life Expectancy (Colombia 1990-2025) 59
Table: Population By Age Group (Colombia 1990-2025) 59
Table: Population By Age Group % (Colombia 1990-2025) 60
Methodology 62
Industry Forecast Methodology 62
Sources 64
Risk/Reward Index Methodology 64
Table: IT Risk/Reward Index Indicators 65
Table: Weighting Of Components 66

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