Now Available: Colombia Information Technology Report Q4 2012

New Computer Technology market report from Business Monitor International: "Colombia Information Technology Report Q4 2012"

by Bill Thompson

(WireNews+Co) - Boston, MA - 24 October 2012

BMI View: Colombia's IT market is forecast to increase to US$3.0bn in 2012, up by around 12%, with our five-year forecast upwardly revised from Q312. Colombian IT spending is projected to grow at a CAGR of 12% during 2012-2016, driven by government ICT and e-services initiatives and improving infrastructure. The consumer-driven economic boom of recent years may have come to an end, but rising incomes and greater computer affordability will result in more spending on IT products and services. A favorable investment outlook in key IT spending verticals such as mining, petroleum and infrastructure, and greater computer affordability will result in more spending on IT products and services. Per capita IT spend is projected to rise by 47% from US$59 in 2012 to US$92 by 2016.

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Headline Expenditure Projections

Computer hardware sales: US$1.4bn in 2011 to US$1.5bn in 2012, +10% in US dollar terms. Forecast in US dollar terms unchanged and tablets are expected to be a growth area, with strong uptake of the devices in the Colombia market.

Software sales: US$434mn in 2011 to US$487mn in 2012, +11% in US dollar terms. Forecast in US dollar terms unchanged with most demand for basic solutions, such as enterprise risk management and supply chain management systems.

IT Services sales: US$911mn in 2011 to US$1.0bn in 2012, +13% in US dollar terms. Forecast in US dollar terms unchanged, and around 75% of demand still comes from the large company sector but more spending is expected on e-health, e-education, and e-government service roll-outs.

Business environment rating: Colombia's score is 53.1 out of 100.0. Colombia ranked eighth our of nine markets in the Americas region in our latest business environment ratings table, behind all of its regional peers with the sole exception of Venezuela. Despite the high growth potential of its market, Colombia's overall ranking was constrained by a low country structure score of just 50, joint lowest in the region with Peru.

Key Trends & Developments

- The government's Vive Digital programme offers a long-term boost to the IT market, with a pledge to eliminate import tariffs on connectivity devices, and to take measures to enhance credit availability for such devices. Private credit growth has also started improving, and could mean an increasingly bright outlook for household consumption.
- The business sector also represents a large opportunity, due to the relatively low levels of computerisation among small businesses in particular. According to government figures, just 7% of Colombia's small businesses are currently online, although such businesses represent 96% of all Colombian enterprises.
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