Colombia Information Technology Report Q1 2016
BMI View: The depreciation of the peso has historically hampered US denominated growth in the ITmarket. Nevertheless, we are now anticipating strong growth in the Colombian IT market in 2016. Our inhouseCountry Risk Team envisions a stable peso in 2016 and we have revised our growth trajectoryupwards as we now maintain a bright medium-term outlook extending beyond 2016. Colombia, with strongeconomic performance and a supportive policy environment, will become a regional outperformer.
Headline Expenditure Projections
Computer Hardware Sales: COP3.67trn in 2014, rising to COP5.07trn by 2019. A combination ofincreased purchasing power (from 2016), educational procurement and the potential for sales to bothfirst-time buyers and upgrades/replacements will make Colombia a regional outperformer.
Software Sales: COP1.16trn in 2014 to COP1.84trn by 2019. The software segment is expected todevelop rapidly both in terms of end-user demand and the growth of the local software developmentindustry.
IT Services Sales: COP2.28trn in 2014 to COP3.66trn in 2019. Investment in data centre facilities andincreasing the capacity and coverage of data networks will support wider adoption of cloud computingand smart services, boosting IT services market growth.
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