- Language: English
- 2268 Pages
- Published: November 2012
- Region: World
Venezuela Information Technology Report Q4 2012
- Published: September 2012
- 61 pages
- Business Monitor International
The 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 upwardly revised its Venezuela IT forecast but there remain downside risks due to macroeconomic factors. The precarious business environment will inhibit enterprise IT investment while consumers face inflationary pressures and the resulting erosion of real wages. Meanwhile our forecast also takes account of the threat of a further devaluation of the bolívar. 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. In 2012, Government PC programmes will boost sales, although most units will be procured locally. There are areas of opportunity with continued investment by small and medium-sized enterprises,
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, +9% in US dollar terms. Forecast in US dollar terms upwardly revised due to macroeconomic factors. Given a difficult trading context,
the main long-term sales driver is greater affordability, partly as a result of cheap computer programmes,
while the PCs for schools programmes is another market driver.
Software sales: US$316mn in 2011 to US$357mn in 2012, +13% in US dollar terms. Forecast in US dollar terms upwardly revised due to analyst modification but the government's commitment to open source software will constrain opportunities for proprietary software vendors.
IT Services sales: US$275mn in 2011 to US$311mn in 2012, +13% in US dollar terms. Forecast in US dollar terms upwardly revised. 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 49.2 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, and the possibility of a further devaluation of the bolívar after the election, will cloud Venezuela's IT investment outlook this year. However, 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. Around 500,000 notebooks are expected to be procured for schools this year, as the government's 'Va a mi Casa' digital classrooms programme is expanded to secondary schools.
- The promotion of open source software is a core Venezuelan government IT policy, although the government admits that open source adoption by public sector organisations has been hindered by 'worker opposition'. In April 2012, the Venezuelan government's IT centre CNTI signed an agreement with internal auditing watchdog Sunai to monitor the migration to open source software. The agreement will last for two years.
- 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. SHOW LESS READ MORE >
Executive Summary 5
SWOT Analysis 7
Venezuela IT Sector SWOT 7
Venezuela Telecoms Sector SWOT 8
Venezuela Political SWOT 9
Venezuela Economic SWOT 10
Venezuela Business Environment SWOT 10
Americas Risk/Reward Ratings 11
Table: Americas Risk/Reward Ratings, Q412 13
Americas IT Markets Overview 14
IT Penetration 14
Market Growth And Drivers 16
Sectors And Verticals 19
Venezuela Market Overview 23
Government Authority 23
Industry Developments 29
Open Source Software 30
IT Policy Framework 31
Digital Development 32
Industry Forecast 33
Table: Venezuela IT Sector – Historical Data & Forecasts (US$mn Unless Otherwise Stated), 2009-2016 35
Industry Forecast Internet 36
Table: Venezuela Telecoms Sector – Internet – Historical Data And Forecasts, 2009-2016 36
Competitive Landscape 38
Software And Services 40
Internet Competitive Landscape 42
Macroeconomic Forecast 43
Table: Venezuela – Economic Activity, 2011-2016 45
Company Profiles 46
Table: Oracle: Selected Acquisitions 50
Venezolana De Industria Technologica 51
Country Snapshot: Venezuela Demographic Data 53
Table: Venezuela's Population By Age Group, 1990-2020 ('000) 54
Venezuela Information Technology Report Q4 2012
© Business Monitor International Ltd
Table: Venezuela's Population By Age Group, 1990-2020 (% of total) 55
Table: Venezuela's Key Population Ratios, 1990-2020 56
Table: Venezuela's Rural And Urban Population, 1990-2020 56
BMI Methodology 57
How We Generate Our Industry Forecasts 57
IT Industry 57
IT Ratings – Methodology 58
Table: IT Business Environment Indicators 59
Table: Weighting Of Components 60
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