BMI View: We have a bright outlook for Colombia’s IT market over the medium term, forecasting CAGR of 11% 2013 to 2017 as total spending reaches COP9.2trn in the final year of our forecast. The rapidly developing IT market is driven by several factors including the supporting economic growth story, low PC penetration relative to income, expanding telecoms infrastructure and government ICT initiatives. Even though the consumption outlook has weakened since 2012 we expect Colombia to close the gap with its neighbours in terms of PC penetration over the medium term as devices become more affordable to the mass market. …
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