Colombia Information Technology Report Q2 2016
BMI View: Following a downward revision based on weaker than anticipated retail PC sales in H215, wenow estimate the market contracted in local currency terms in 2015, while contracting by almost 29% in USdollar terms. Our forecast envisages 2016 as another challenging year, but the market will begin to turnpositive and we forecast a CAGR of 7.3% over 2016-2020 as a whole to a value of COP9.91trn. Colombia,with strong economic performance that boosts purchasing power from 2017 and raises enterpriseconfidence, alongside a supportive policy environment, will make it a regional outperformer in the lateryears of our forecast.
Latest Updates And Industry Developments
IT Hardware Sales: COP3.45trn in 2016, rising to COP4.51trn by 2020, at a CAGR of 5.9%. Afterweak performance in 2015 and 2016 we believe there is pent-up demand for PC upgrades andreplacements, which coupled with rising incomes, will drive strong growth from 2017.
Software Sales: COP1.23trn in 2016 to COP1.72trn by 2020, at a CAGR of 7.7%. The software segmentis expected to develop rapidly both in terms of end-user demand and the growth of the local softwaredevelopment industry.
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