1. Market Research
  2. > IT Services Market Trends
  3. > Venezuela Information Technology Report Q3 2016

Venezuela Information Technology Report Q3 2016

  • June 2016
  • -
  • Business Monitor International
  • -
  • 63 pages

Includes 3 FREE quarterly updates

BMI View: The government is hoping it can reinvigorate the local computer hardware industry through thecreation of Special Economic Zones, but at least in the short- to medium term we expect local industry andIT market spending will be determined by the severe economic crisis. Demand plunged in US dollar valuein 2015 as a result of devaluation in Q115, and with spiralling inflation, further bolívar weakness, politicalrisk and a low oil price we have a bleak outlook for 2016. We expect widespread deferred spending byhouseholds and enterprises, as well as product shortages due to restricted dollar access that has been sosevere as to hit output by the domestic IT industry. There is elevated downside even under our bearishoutlook, with increased risk of default or quasi default, although not our core scenario. We expectVenezuela to be the underperforming IT market globally in 2016 and over the medium term to 2020.

- 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 isexpected 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, piracyand weak enterprise investment outlook all weigh on the software spending forecast, with a return togrowth 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 adoptionof IT services would be advantageous to Venezuelan enterprises through cost saving and flexibilityoffered, but with a shortage of local expertise and investors deterred, the outlook is also weak in thissegment.

Table Of Contents

Venezuela Information Technology Report Q3 2016
BMI Industry View 7
SWOT 9
Industry Forecast 11
Latest Updates 11
Structural Trends 11
Table: IT Industry - Historical Data And Forecasts (Venezuela 2013-2020) 15
Industry Risk Reward Index 16
Table: Americas IT Risk/Reward Index, Q3 2016 19
Market Overview 20
Recent Developments 20
Hardware 20
Software 25
Cloud Computing 28
IT Services 31
Industry Trends And Developments 35
IT Hardware Trade 35
Table: Latin America IT Hardware Trade, 2010-2015 35
Table: Venezuela IT Hardware Trade, 2010-2015 36
IT Industry Analysis 37
Regulatory Development 41
Table: Regulatory Authority 41
Competitive Landscape 45
Retailers 45
Table: Selected Electronics Retailers 45
Table: Selected E-Commerce Retailers 45
IT Vendors 46
Table: IBM 46
Table: Compañía Anónima Nacional Telefonos de Venezuela (CANTV) 47
Table: Síragon 48
Table: Venezolana De Industria Technologica (VIT) 49
Regional Overview 50
Demographic Forecast 54
Demographic Outlook 2015 54
Table: Population Headline Indicators (Venezuela 1990-2025) 55
Table: Key Population Ratios (Venezuela 1990-2025) 55
Table: Urban/Rural Population and Life Expectancy (Venezuela 1990-2025) 56
Table: Population By Age Group (Venezuela 1990-2025) 56
Table: Population By Age Group % (Venezuela 1990-2025) 57
Methodology 59
Industry Forecast Methodology 59
Sources 61
Risk/Reward Index Methodology 61
Table: IT Risk/Reward Index Indicators 62
Table: Weighting Of Components 63

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
Software-Defined Data Center Market by Solution, Services, Data Center Type, Verticals, and Regions - Global Forecast to 2021

Software-Defined Data Center Market by Solution, Services, Data Center Type, Verticals, and Regions - Global Forecast to 2021

  • $ 7 150
  • Industry report
  • June 2016
  • by MarketsandMarkets

The global SDDC market size is estimated to grow from USD 25.61 billion in 2016 to USD 83.21 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 26.57%. There is increase in data traffic due to ...

1Q16 Tech M&A and IPO Analysis Report

1Q16 Tech M&A and IPO Analysis Report

  • $ 5 000
  • Industry report
  • August 2016
  • by IDC

This IDC study provides an overview and analysis of M&A deals in 1Q16 across all major sectors of the information and communication technology industry, including enterprise applications, enterprise IT ...

Asia-Pacific Software-Defined Networking Market 2014

Asia-Pacific Software-Defined Networking Market 2014

  • $ 4 950
  • Industry report
  • June 2016
  • by Frost & Sullivan

With the Prevalence of Cloud, the Need for SDN is Growing in Asia-Pacific The Asia-Pacific (APAC) software-defined networking (SDN) market earned overall revenue of $3,749.3 million in 2014. Service providers ...


ref:plp2016

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.