Browse the complete Report on: Chile Information Technology Report Q3 2010
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Market Overview
Chilean IT spending is expected to grow around 10% in 2010 with sales of US$2.3bn, which will increase to around U$3.4bn by 2014. Chile’s IT market is one of the most developed in Latin America and, with many indicators now turning positive, is projected to grow at a compound annual growth rate (CAGR) of 11% over the 2010-2014 period.
It is still too early to assess how the Chilean earthquake and subsequent reconstruction efforts will impact on the local IT sector, but rebuilding is expected to begin apace in H210. Organisations in government and other sectors, which are in need of updating of services and IT infrastructure, may take advantage of the opportunities presented by reconstruction to advance this agenda.
Chile retains some strong IT market fundamentals, including consumer affluence and a relatively favourable business environment. Chile’s development as an offshoring location will attract more investment in IT services, with sectors like retail, distribution, financial services, telecoms and healthcare all offering opportunities.
Industry Developments
Chilean President Sebastián Piñera has set out a number of proposals for the domestic IT sector, including tax breaks for IT companies that invest in Chile as an IT services hub. Some other proposals in Piñera’s plan have positive implications for the domestic IT market. They include increased use of IT in classrooms and expanding digitalisation of public entities beyond traditional flagship projects. Leaving aside potential reconstruction-driven investment, government spending on IT projects was expected to rise in 2010, with Q110 seeing the launch of a number of new projects. In early 2010, some significant public sector software tenders were announced, including an US$80mn tender from Chile’s National Registry. Meanwhile, the Civil Registry was analysing bids for a separate US$300mn tender to supply e-ID cards and passports.
Among major projects launched in 2009 was the Enlaces programme to provide IT for schools. The programme, led by Chile’s education ministry, involved the set-up of a US$3.7mn fund to subsidise IT purchases for more than 2,000 schools throughout the country. Schools will be able to use the fund to acquire education software and devices, with standards and prices established by the ministry.
Competitive Landscape
HP has predicted double-digit growth in Chilean sales in the next few years. The company has an agreement with Chilean telecoms company Entel by which Entel will sell HP 3G laptops bundled with its own 3G services. Meanwhile, Chilean contender Libesa is known for its school and office supplies brands, but has spent around US$10mn over the past five years on moving into the notebook market, where it claims a 35% share. The company is now targeting the university notebook sector and is adding capacity with an eye to exporting notebooks to Mexico and the US.
In May 2010, Microsoft launched the Chilean branch of its international partner association to help local partners to generate more business. Microsoft hopes that the new channel organisation will provide an infrastructure that will help guide local clients to transfer to cloud computing. The company is targeting both consumer and business segments with its online solutions. In the business segment, Microsoft offers online versions of Exchange, Sharepoint and other collaboration tools.
IBM enjoyed more success in the Chilean market in Q110 with an agreement with Chile’s LAN Airlines to administer its technology platform for the next five years. Under the terms of the estimated US$15mn contract, IBM will provide administration, operation and control of the platform. In 2009, IBM signed an agreement with Chilean systems integrator Synapsis to jointly offer solutions in Chile and a number of other regional markets.
Hardware
BMI forecasts that Chile’s computer and accessories market will have a CAGR of around 8% over the 2010-2014 period. Computer hardware sales in 2010 are forecast at US$1.0bn, up from US$897mn in 2009, when the market suffered a sharp deceleration. However, spending should approach around US$1.4bn by 2014.
Chilean business segment PC demand is expected to recover in 2010, after there were signs of improvement in H209 due to restocking following a rundown of inventories. There could be a boost, particularly in the second half of the year, from computer hardware tenders delayed from 2009.
Software
Chile’s software market is projected to be worth US$354mn in 2010, with high single-digit growth compared with 2009. Software CAGR for 2010-2014 is projected at around 11%. The recession led some companies to review IT budgets or look to defer systems updates, but other companies viewed software investments as a means of achieving greater efficiencies in difficult times. In early 2010, some significant public sector software tenders were announced, including an US$80mn tender from Chile’s National Registry. Piracy was estimated to account for 68% of software in 2008, up 1% on the 2007 level, despite a sustained government campaign to reduce this.
IT Services Chile’s IT services market is projected at around US$901mn in 2010 and is expected to grow at a 14% CAGR over the 2010-2014 forecast period. The percentage of IT market revenues generated by services is currently around 37%, high by emerging market standards but similar to other countries in the region, such as Brazil. The majority of demand, around 75%, still comes from the large company sector, but smaller companies are now becoming more sophisticated in their demand.
Q110 saw a number of significant IT projects launched in sectors ranging from local government to transport. Led by the financial, telecoms and retail sectors in particular, there is a trend towards bigger managed service and outsourcing deals in the local market. Healthcare IT is underdeveloped in Chile and therefore represents a significant opportunity.
E-Readiness
The government is planning to increase Chile’s broadband options by auctioning 3G mobile and WiMAX. For 2008-2009, the government allocated US$80mn to support projects aimed at boosting internet coverage. The telecommunications regulator, Subtel, also launched a new universal access fund in 2008.
In general, Chile enjoys some of the best telecommunications infrastructure in South America. In a recent survey, the World Economic Forum ranked Chile 31st in the world in the category of ‘degree of preparation to participate in and benefit from information and communications technology’, the highest ranking in the Latin American region. However, the report concluded that Chile’s e-development was held back by some familiar failings, including an inefficient government bureaucracy and over-regulation

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Original Source : – Information Technology Market
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Browse the complete Report on: Chile Shipping Report Q4 2010

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There is plenty of cargo to move at Chile's largest container port, Valparaiso. Total tonnage was up by 15.1% year-on-year (y-o-y) for the first five months of the year. BMI projects a 17.4% increase at Valparaiso over the full year. May was the strongest month of the year so far, with the port handling 944,850 tonnes of cargo, equivalent to a y-o-y increase of 47.1% over May 2009 when Chile's shipping sector reached its nadir on the back of a slump in the country's trade volumes. The key driver of May's jump was imported goods, volumes of which rose by 51.6% during the month, outperforming exports, which increased by a more marginal 31.7%.
The surge in imports into Valparaiso in May ties in with a rise in the handling of containerised cargoes, which largely comprise manufactured goods produced overseas. Box shipments rose by 40.2% to 78,000 20-foot equivalent units (TEUs). The robust recovery seen throughout Chile's port sector in 2010 is all the more surprising given that the country's freight transport industry is still suffering the effects of a major earthquake that rocked the country on February 27, causing extensive damage to roads and port facilities, particularly in the worst-hit centre-south region. A direct comparison can be made with Haiti, where the earthquake on January 12, though less severe, measuring 7.0, had a far more devastating impact on the country's infrastructure and freight transport sector. Haiti's main international port, Port-au-Prince, was extensively damaged by the quake, with shipping services only partially resumed on February 16.
The Chilean market remains supportive of the shipping and ports sector. The strength of the country's political institutions was demonstrated by the calm reaction to the devastating February earthquake, and the focus is now on reconstruction. Investment in rebuilding work coupled with strong consumer demand is driving the economy forward. After contracting during the global recession of 2009, we are now predicting that Chile's GDP will surge forward by 5.2% in 2010, easing to 4.5% in 2011 as the global economy slows. New President Sebastián Piñera lacks a majority in Congress, which has blocked his proposed mining reforms; however, we believe this will not be a negative for day-to-day macroeconomic management.
Data from Chile's main ports confirm rising levels of activity in 2010 as both the local and global economies remain on a recovery path. For the Port of San Antonio (POSA) BMI is forecasting 11.2% growth in total tonnage this year, after an 8.3% drop in 2009. For the five years across the 2010-2014 forecast period we believe POSA tonnage will reach an impressive average annual growth rate of 9.6%, well ahead of GDP. At the Port of Valparaiso (POV) meanwhile, tonnage, which fell by a massive 26.7% in 2009, will recover strongly with growth expected to reach 17.4% in 2010, followed by 16.6% in 2011. Average annual growth over the forecast period to 2014 will be considerably stronger than POSA at 15.9%. On the box side, POV will experience 2010 growth of 22.1%. In San Antonio, container growth this year will be 13.4%.
Chile's foreign trade is forecast to recovery strongly in 2010. Imports will expand by 46.1% in nominal terms to US$72.78bn. In real (volume) terms overall imports will grow by 19% this year, offsetting the 14.3% contraction experienced in 2009. Exports will grow slower than imports both in value terms - up by 44.2% to US$90.25bn - and in real or volume terms, gaining by 14%.
We believe the main risks to our Chile ports and shipping forecasts are on the downside. The main domestic risk is of a political deadlock in Congress between the centre-right government and the centreleft opposition, which, in certain circumstances, could hold back reforms and have a negative effect on domestic growth. The main external risk is of a larger-than-expected 'double dip' slowdown in world economic growth in 2011, with knock-on effects on Chilean trade volumes.

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Original Source : – Chile Shipping Market
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Browse the complete Report on: Chile Telecommunications Report Q4 2010
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BMI has introduced ARPU forecasts for the Chilean market this quarter, with data showing a declining trend over the next five years. Chile’s mobile operators reported a boost in ARPU in 2008 but the decrease returned in 2009, a trend BMI sees continuing. However, in comparison to other markets in Latin America, the decline will be slight as pressures on voice service revenues are countered by the strong interest in mobile broadband and mobile data services. BMI expects mobile data will continue to grow as a proportion of operators’ overall revenues, providing some relief to the low cost subscribers entering the market.

Data from mobile operators show an increase in mobile subscribers in the first quarter of 2010, with growth higher than the four previous quarters, seeming to show no real impact from the earthquake in February. The increase in subscriptions may be a reaction to the earthquake, as Chileans sought to contact friends and family in the aftermath of the event. Operators offered free messages and extensions for paying mobile bills in order to ease the burden on those most affected by the earthquake. The response by operators and the regulator, Subtel, highlight the developed nature of Chile’s telecoms market with networks brought back on line within days of the event. Incumbent Telefónica de Chile also announced it would be replacing its cabling in the region worst hit by the earthquake with fibre-optic cabling, bringing in the latest technology to the region that will help boost the local economies and businesses in the areas affected.

Chile’s telecoms operators have long been very forward looking, offering the latest services to the market and competing effectively. For this reason Chile has remained near the top of BMI’s Business Environment Ratings. Its weaknesses are few, with a strong Country and Industry Risk scores. However, with a small population, opportunities are more limited, which, when coupled with difficult topography, hold Chile back from reclaiming its place at the very top of the Ratings.

Nonetheless, Chile continues to be a highly developed telecoms market, and one that is emulated by several of its peers. Data from Subtel indicate that around one third of broadband subscribers are using a mobile connection for their internet requirements. At this rate of growth, mobile broadband may well become the preferred technology in future although fixed operators have rolled out faster broadband speeds in an attempt to maintain their competitiveness. The competition for dominance in the broadband market continues to heat up, as fixed operators face down the strong challenge presented by mobile operators with broadband services.
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Browse the complete Report on : Chile Retail Report Q4 2010

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The Q410 BMI Chile Retail report forecasts the country’s retail sales will grow from US$52.61bn in 2010 to US$81.80bn in 2014, an increase of 55.5%. High consumer spending power, well developed physical infrastructure and a business-friendly regulatory environment are key factors behind the forecast growth in Chilean retail sales.
Chile’s nominal GDP is predicted to be US$181.95bn in 2010, with 2009’s decline of 1.5% expected to turn into growth of 5.2% in 2010 as the economy recovers. Average annual GDP growth of 4.0% is forecast by BMI between 2010 and 2014. With the population increasing from an expected 17.1mn in 2010 to a forecast 17.7mn by 2014, GDP per capita is forecast to rise by 45.4% by the end of the forecast period, reaching US$15,463. Our forecast for consumer spending per capita is for an increase from US$6,116 in 2010 to US$9,188 by 2014.
In 2005, 66.4% of the Chilean population was described by the UN Population Division as economically active, with 37.5% in the crucial 20-44 age range, which is vital for retail sales. The majority of Chileans live in urban areas (87.7%), according to UN data, with 40% of the population living in the Santiago metropolitan area alone. By 2015, the urban population is forecast to have reached more than 90%, with 37.3% in the 20-44 age band and 68.6% of the population expected to be active.
Chile’s youth population is driving demand for consumer goods, with 3.34% of the household budget being spent on clothes in 2007, according to Instituto Nacional de Estadística (INE). This was the highest spending category after cars, rent and public transport.
Retail sub-sectors expected to show strong growth over the forecast period include food and drink, with sales forecast to rise from an expected US$19.37bn in 2010 to US$29.89bn by 2014, a rise of 54.3%. Over the counter (OTC) pharmaceutical sales are forecast by BMI to increase from a predicted US$0.26bn in 2010 to US$0.37bn by the end of the forecast period, up by 46.6%; while automotive sales are forecast to rise by 43.3% to an estimated US$3.21bn by 2014. Consumer electronic products sales are forecast to rise by 27.6%, from an expected US$2.16bn in 2010 to US$2.75bn by 2014.
Foreign travel and tourists have stimulated increasingly consumerist attitudes and consumption in recent years. While global tourism declined by 4% in 2009, according to the UN World Tourism Organisation (UNWTO), figures from INE show 2-3% growth in tourist arrivals to Chile in 2009.
Despite the difficult global economic environment in 2009, leading department store operator Falabella reached an agreement to develop new shopping malls with its smaller rival Ripley.
Retail sales for our Latin American universe in 2010 are expected to reach US$1,166bn, based on varying national definitions. Total consumer spending for the region, based on BMI’s macroeconomic database, is predicted to be US$2,590bn. Mexico and Brazil are expected to account for an estimated 74.3% of regional retail sales in 2010, with those two countries plus Venezuela likely to account for 84.6% of all retail sales in the region by 2014. For Chile, its predicted 2010 market share of 4.7% is expected to fall marginally to 4.5% by 2014.

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ReportsandReports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.


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