1. Market Research
  2. > IT Services Market Trends
  3. > Venezuela Information Technology Report Q2 2016

Venezuela Information Technology Report Q2 2016

  • March 2016
  • -
  • Business Monitor International
  • -
  • 61 pages

Includes 3 FREE quarterly updates

BMI View: The IT market in Venezuela plunged in US dollar value in 2015 as a result of devaluation, andwith spiralling inflation, further bolívar weakness, political risk and a low oil price we expect furthercontraction in 2016 and over the medium term. We have a very bearish outlook for the IT market amieconomic dislocation that has seen widespread deferred spending by households and enterprises, as well asproduct shortages due to restricted dollar access that has been so severe as to hit output by the domestic ITindustry. There is elevated downside even under our bearish outlook, with increased risk of default or quasidefault, though not our core scenario. We expect Venezuela to be the underperforming IT market globally in2016 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%.Inflation to drive local currency growth, but outlook is bleak due to sharp reduction in affordability andproduct shortages as even local assembly has stalled due to extent of economic dislocation.

- 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%. Cost saving andflexibility enhancing services such as cloud and outsourcing could benefit over long-term fromexperience of crisis, but in the medium term this will be overwhelmed by crisis.

Table Of Contents

Venezuela Information Technology Report Q2 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) 17
Industry Risk Reward Index 18
Table: IT RRI Breakdown By Region, Q216 19
Table: Americas IT Risk/Reward Index, Q216 21
Market Overview 22
Recent Developments 22
Hardware 22
Software 27
Cloud Computing 31
IT Services 34
Industry Trends And Developments 38
Regulatory Development 40
Table: Regulatory Authority 40
Competitive Landscape 44
International Companies 44
Table: IBM 44
Local Companies 45
Table: Compañía Anónima Nacional Telefonos de Venezuela (CANTV) 45
Table: Síragon 46
Table: Venezolana De Industria Technologica (VIT) 47
Regional Overview 48
Demographic Forecast 52
Demographic Outlook 2015 52
Table: Population Headline Indicators (Venezuela 1990-2025) 53
Table: Key Population Ratios (Venezuela 1990-2025) 53
Table: Urban/Rural Population and Life Expectancy (Venezuela 1990-2025) 54
Table: Population By Age Group (Venezuela 1990-2025) 54
Table: Population By Age Group % (Venezuela 1990-2025) 55
Methodology 57
Industry Forecast Methodology 57
Sources 59
Risk/Reward Index Methodology 59
Table: IT Risk/Reward Index Indicators 60
Table: Weighting Of Components 61

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 Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
The Software-controlled networking: worldwide forecast 2016–2020

The Software-controlled networking: worldwide forecast 2016–2020

  • $ 7999
  • Industry report
  • November 2016
  • by Analysys Mason

"Total spending in the cloud computing, network function virtualisation and software-defined networking markets will grow from USD7 billion in 2015 to USD28 billion in 2020, at a CAGR of 32%." Communications ...

Cloud Storage Market by Solution, Service, Deployment Model, Organization Size, Vertical & Region - Global Forecast to 2021

Cloud Storage Market by Solution, Service, Deployment Model, Organization Size, Vertical & Region - Global Forecast to 2021

  • $ 7150
  • Industry report
  • September 2016
  • by MarketsandMarkets

“Factors such as growing demand for hybrid cloud storage, increasing need for enterprise mobility, and the need for reduced infrastructure cost are driving the cloud storage market” The cloud storage ...

Cloud Billing Market by Type, Providers, Application - Global forecast to 2021

Cloud Billing Market by Type, Providers, Application - Global forecast to 2021

  • $ 7150
  • Industry report
  • August 2016
  • by MarketsandMarkets

“Growing demand for billing operations, centralized and convergent billing solutions and the need for lower capital and operating expenditure are driving the cloud billing market” The cloud billing ...


ref:plp2016

Reportlinker.com © Copyright 2016. All rights reserved.

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