Colombia Information Technology Report Q4 2015
BMI View: The depreciation of the Colombian peso against the US dollar in 2015 is a drag on growth byraising the cost of imported devices and solutions and resulting in deferred purchases and substitution forlower cost alternatives. This negatively impacted our forecast, which we revised down again in the Q4 2015update and now forecast a contraction of 20% in US dollar terms in 2015. However, with our in-houseCountry Risk team envisaging a stabilisation of the peso from 2016, we maintain a bright medium-termoutlook, with strong economic performance and a supportive policy environment meaning it is expected tomake Colombia 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.
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