Venezuela Information Technology Report Q3 2014 is a new market research publication announced by Reportstack. outlook for the Venezuelan IT market is bearish, and we expect it to be a regional underperformer over the medium term. The short-term outlook is particularly poor, with economic instability including inflation of almost 50% and sharp depreciation of the bolivar exacerbating existing downside from the government's interventionist approach. There are however opportunities for vendors to tap over the medium-term, with low PC penetration and government programmes to boost sales. As the economic situation stabilises in the latter years of our forecast we believe local and regional vendors will be well positioned to capitalise on opportunities presented by government and enterprise modernisation.
Headline Expenditure Projections
Computer Hardware Sales: From VEB6.6bn in 2013 to VEB8.2bn in 2014. The ongoing depreciation of the bolivar has increased the price of imported hardware, including components required for local assembly, acting as a drag on demand.
Computer Hardware Sales: From VEB6.6bn in 2013 to VEB8.2bn in 2014. The ongoing depreciation of the bolivar has increased the price of imported hardware, including components required for local assembly, acting as a drag on demand.
To view the table of contents and know more details please visit Venezuela Information Technology Report Q3 2014.
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