Venezuela Information Technology Report Q1 2012

Venezuela Information Technology Report provides industry professionals and strategists, corporate analysts, information technology associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Venezuela's information technology industry.

BMI has made a modest upwards adjustment to its 2012 IT spending forecast due to macroeconomic factors. Venezuela is one of the smaller markets in its region, but a PC penetration rate of less than 12% indicates the underlying potential for growth. There are still areas of opportunity with continued investment by small- and medium-sized enterprises (SMEs), due in part to a government tax subsidy, and spending by the energy, retail and financial services sectors.

Headline Expenditure Projections Computer hardware sales: US$1.2bn in 2011 to US$1.3bn in 2012, +6.7% in US dollar terms. Forecast in US dollar terms revised upwards due to analyst modification and government spending. Given a difficult trading context, the main long-term sales driver is greater affordability, partly as a result of cheap computer programmes.

Software sales: US$316mn in 2011 to US$350mn in 2012, +10.8% in US dollar terms. Forecast in US dollar terms broadly unchanged. Sectors such as retail, distribution, telecoms, financial services and export companies should provide potential opportunities for proprietary software vendors. IT Services sales: US$275mn in 2011 to US$305mn in 2012, +10.9% in US dollar terms. Forecast in US dollar terms broadly unchanged. About 75% of demand will come from the large company sector, with the oil sector still significant, despite the fall in oil prices.
Business Environment Rating

Venezuela's score was 49.0 out of 100.0 with the country's unchanged last place in our rankings reflecting our judgement that the economic situation and business environment in the country are unfavourable for IT spending growth.

Key Trends & Developments

- Uncertainty about the outcome of the 2012 general election will cloud Venezuela's IT investment outlook this year. Government policies such as the promotion of open-source software are key market influencers. In 2011 the government continued to implement its programme to purchase 1.5mn computers for schools. However, most computers provided under the programme will be locally produced.

- Venezuelan computer shipments should record positive growth in 2012, due partly to the government's affordable computer programmes, computers for education and more local production of inexpensive computers. However, this growth is forecast to remain in single digits, compared with double-digit growth rates elsewhere in the region.

- The private business sector will offer opportunities and continued deployment of fixed and mobile broadband will help drive spending across several market segments, Banks and telecoms operators are continuing to spend on IT as they launch service platforms and services. Investment in call centres by many private sector organisations will generate spending on hardware and systems.

Executive Summary

SWOT Analysis
Table: Venezuelan IT Sector SWOT
Table: Venezuelan Telecoms Sector SWOT
Table: Venezuela Political SWOT
Table: Venezuelan Economic SWOT
Table: Venezuela Business Environment SWOT

IT Business Environment Ratings
Table: Regional IT Business Environment Ratings

Markets Overview
Americas
Sectors And Verticals

Market Overview – Venezuela
Government Authority
Hardware
Software
Services
Industry Developments
Open-Source Software
IT Policy Framework

Industry Forecast Scenario
Table: Venezuela's IT Sector – Historical Data & Forecasts (US$mn Unless Otherwise Stated)
Internet
Table: Venezuela Telecoms Sector – Internet – Historical Data And Forecasts, 2009-2016

Macroeconomic Forecast
Table: Venezuela – Economic Activity

Competitive Landscape
Hardware
Software And Services
Company Profiles
Sun Microsystems (Venezuela)
Venezuela de Industria Tecnologica (VIT)

Country Snapshot: Venezuela Demographic Data
Section 1: Population
Table: Demographic Indicators, 2005-2030
Table: Rural/Urban Breakdown, 2005-2030
Section 2: Education And Healthcare
Table: Education, 2002-2005
Table: Vital Statistics, 2005-2030
Section 3: Labour Market And Spending Power
Table: Employment Indicators, 2001-2006
Table: Consumer Expenditure, 2000-2012 (US$)

BMI Methodology
How We Generate Our Industry Forecasts
Transport Industry
Sources

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