Browse the complete Report on: Venezuela Information Technology Report Q3 2010
Browse All Business Monitor International Market Research Reports
In H110 there were grounds for optimism in the Venezuelan IT market with continued investment by small and medium-sized enterprises (SMEs) and spending by sectors like retail and financial services. Venezuela’s IT market still offers areas of opportunity for IT vendors despite a challenging economic and political environment. BMI projects that IT spending will grow from US$1.7bn in 2010 to around US$2.2bn by 2014. However, the steep devaluation of the bolívar for non-essential imports such as computers will depress spending, while the anti-private business policies of the Chávez government will inhibit some business investment.
Venezuela is one of the smaller markets in its region, but a rather low PC penetration rate of less than 12% indicates the underlying potential for growth. Government policies such as the promotion of open source software will continue to shape the market. The private business sector will offer opportunities, as companies invest in service platforms and continued deployment of fixed and mobile broadband will helpto drive spending across several market segments.
Industry Developments
In 2010, the Venezuelan government aims to supply schools with 350,000 low-cost netbooks. The computers are being delivered from Portugal as part of a technology knowledge transference agreement signed in late 2008. As of Q309 around 50,000 laptops imported from Portugal had already been distributed under the plan.
The government is also assembling its own laptops as part of its educational programme, Canaima Educativo. The laptops will be manufactured at two plants in the Paraguaná Peninsula, Falcon state, with production scheduled to start within eight months. The goal is to distributed 300,000 PCs manufactured under the programme, starting in September 2010.
The government-manufactured laptops will come with 100% open source software. In August 2008 the IT agency CNTI said that nearly 60% of Venezuela’s government offices had switched from proprietary software to open source, compared with its target of 100% migration by year-end 2008.
Competitive Landscape
In August 2009, Venezuelan mobile operator Digitel announced a partnership with Chinese PC vendor Lenovo in the launch of a new mobile broadband offering. Digitel’s broadband package will come bundled with a Lenovo netbook inclusive of a modem for 3G service, with the packages available at a cost of VEB3,249 (about US$1,500). Digitel launched 3G services this year and has targeted 7.5mn subscribers for its service by the end of 2009.
In 2009, local PC vendor Siragon was the first company to launch netbooks in Venezuela, and the company estimated that sales of around 15,000 units in 2008 gave it about 50% of that segment. The company is targeting netbooks as a priority for 2009, as part of its plan to achieve revenue growth of 30% this year. The company estimated that it was on course to sell 80,000 desktops and 50,000 laptops in the Venezuelan market last year.
In September 2009, Microsoft Venezuela created a new unit to focus specifically on public sector accounts. The company aimed to increase the amount of business generated from government during its fiscal year 2010, which began in July 2009. Microsoft claimed to have achieved double-digit growth in Venezuela in fiscal 2009 and hoped to replicate this achievement in fiscal 2010.
Computer Sales
BMI projects that Venezuela’s PC market growth will continue to offer some growth opportunities, despite a difficult trading context of sharp deterioration in consumer and business confidence. The market is now expected to be worth US$935mn in 2010, with sales expected to approach the US$1.2bn mark by 2014. Computer hardware sales in H110 were also surprisingly strong in some parts of the private sector, supported by a tax subsidy for SME technology investments.
The Venezuelan computer hardware market should have a positive growth trajectory over the five-year forecast period, with a projected compound annual growth rate (CAGR) of 6%. The current level of computer penetration is estimated at around 6% and is expected to reach close to 18% by 2013. The main long-term driver is greater affordability, partly as a result of cheap computer programmes and the government’s initiative to manufacture low-cost ‘Bolivarian’ computers.
Software
Venezuela’s software market is projected at US$297mn in 2010. Software revenues are expected to dip into negative growth territory in 2010 due to rapidly declining business confidence in the private sector, and a relatively high and apparently increasing software piracy rate. However, BMI forecasts that the addressable market will grow at a CAGR of 9% to around US$414mn by 2014.
The market landscape is likely to remain shaped by the government’s drive to promote open source software. However, enterprises in sectors such as retail, distribution, telecoms, financial services and export companies should provide potential opportunities for proprietary software vendors. Meanwhile, the economic crisis has encouraged smaller Venezuelan companies to look closer at cloud computing models such as software-as-a-service (SaaS.)
IT Services
Venezuela’s IT services market is projected at US$256mn in 2010. By regional standards, the percentage accounted for by services in Venezuela’s hardware-dominated IT market is much lower than average, at around 16%. In many countries, such as Brazil, services account for more than 30% of spending The most demand, around 75%, will come from the large company sector, with the oil sector itself still significant, despite the fall in oil prices. Venezuela’s banks and telecoms operators also continued to spend in 2009 as they rolled out new platforms and services.
E-Readiness
With the number of telecentres continuing to increase and the availability of internet services expanding, it is projected that internet usage will continue to rise at a strong pace in Venezuela. Wireline services seem to dominate, but there is potential for wireless broadband to become a significant driver of broadband growth.
Because of the low levels of internet access in the country, the Venezuelan government has generally been slow to roll out e-services. The recent decision by the government to launch in 2008 a consultation on a new telecoms law to promote competition may be a hopeful augur of progress. The country has fastgrowing mobile penetration and has also been rolling out fixed-wireless services such as Wi-Fi and the Korean technology WiBro.
In 2008, Venezuela’s government conducted technical tests on different digital TV standards to decide which ones to adopt. The government expects to implement digital TV by 2012, with both digital and analogue technologies coexisting for a five-year period. The tests involved a number of different standards, including integrated services digital broadcasting (ISDB) from Japan, digital video broadcasting (DVB) from Europe and a Chinese standard.
E-Government
The government is committed to improving e-use in the public sector and reducing the digital divide. The development of e-infrastructure is also seen as one method to fight corruption in the public sector. Telecom Venezuela is working with the government on a project called Telepolítica, which involves using information and communication technology (ICT) for local development projects. In 2008, stateowned telecoms company Telecom Venezuela signed a co-operation agreement with the Comptroller General’s Office (CGR) and the National IT Institute (CNTI) to help build ICT infrastructure for the CGR and other public bodies.

About Us
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.


Contact:
Ms. Sunita
7557 Rambler road,
Suite 727, Dallas, TX 75231
Tel: +1-888-989-8004
http://reportsandreports.blogspot.com/
http://reportsandreports.proarticles.co.uk/
http://reportsnreports.wordpress.com/

Original Source : – Information Technology Market
Buy Now : Market Research Report

Browse the complete Report on: Venezuela Telecommunications Report Q4 2010
Browse All Business Monitor International Market Research Reports
BMI’s latest quarterly update on Venezuela’s telecommunications market sees significant changes to our five-year forecast for the growth of the country’s mobile subscriber base. The latest data from Venezuelan telecoms regulator Codatel suggests that both the number of registered and active mobile customers shrank in Q110. The country’s second largest operator Movistar, which is owned by Spain’s Telefónica, reported a significant drop in customer numbers in the first quarter, owing to the deduction of inactive prepaid users from the operator’s reported total. State-owned Movilnet also saw a shrinking customer base in the first quarter. As a result of inactive customer deductions, Venezuela’s mobile market penetration rate fell to 102.9% in March, from 104.5% in the previous quarter, according to the regulator’s data. Furthermore, even when only active mobile subscriptions are counted, the penetration rate appears to have fallen in the first quarter of the year, dropping 0.8 percentage points to reach 98.4%. This development suggests that a larger number of mobile users fell into the inactive category as defined by the regulator.

We believe that recent trends in Venezuela’s mobile market point to increasing saturation and the likelihood of limited future growth. Our newly revised forecast for the mobile sector envisages market penetration reaching 99.5% at the end of 2014. Between 2010 and 2014, we predict that the market will grow at an annual average rate of around 2.3%. Although further growth will be supported by Venezuela’s expanding population, we do not expect the penetration rate, based on active users, to cross the 100% mark.

Despite our expectation of limited future growth for Venezuela’s mobile market, second-ranked Movistar continues to report steady growth in the number of postpaid subscribers, as well as higher-spending data service users. BMI believes it is these segments which offer longer-term growth potential. Indeed, there are considerable opportunities for the Venezuelan operators to migrate prepaid users onto contract services.

Although, our fixed-line telephony forecast remains unchanged this quarter, we have made some slight revisions to our internet user and broadband subscriber forecasts, predicting stronger growth in our latter forecast years. In the long-term, we predict that mobile broadband services will emerge as an important way of providing high-speed internet connectivity. In the meantime, we believe that the prepaid broadband service offered by national incumbent operator CANTV (Compañía Anónima Nacional Teléfonos de Venezuela) will remain a popular means for encouraging first-time subscribers to get online.

This quarter sees Venezuela rise from ninth to fifth position in BMI’s Business Environment Ratings for Latin America. The new improved position for Venezuela is the result of a higher score in all four of the categories surveyed by BMI. Although Venezuela scores above average for the region in the Industry Rewards and Country Rewards categories, it scores well below average in the Industry Risks and Country Risks categories.
About Us
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.
Contact:
Ms. Sunita
7557 Rambler road,
Suite 727, Dallas, TX 75231
Tel: +1-888-989-8004
http://reportsandreports.blogspot.com/
http://reportsandreports.proarticles.co.uk/
http://reportsnreports.wordpress.com/

Original Source : Venezuela Telecommunication Market
Buy Now : Market Research Report

Browse the complete Report on : Venezuela Real Estate Report Q4 2010

Browse All Business Monitor International Market Research Reports

Following BMI’s interviews with in-country sources in Venezuela at the beginning of the year, we concluded that ‘stagnating’ is probably the single adjective that best captures the position and prospects of that country’s commercial Real Estate sector. Having spoken to our sources again in mid-2010, this remains the case.
Traditionally, the markets for office, retail and industrial property have been distorted by the persistent inflation in the country which, in turn, is the consequence of the monetisation of public spending. Both rents and capital values have risen by 20-30% annually, with the result that yields have been fairly stable. Tenants are usually required to re-sign leases every year. Because of the extension of the public sector into the private sector – both through the imposition of price controls and outright nationalisation – investor sentiment remains dismal. Our sources in Venezuela confirmed that the few new commercial Real Estate projects under way in Caracas and elsewhere have been put on hold. Real capital values of property would probably fall – but for the tendency of tenants to buy the premises that they are occupying if the opportunity presents itself.
In the short-term, the dislocations caused by the lack of hydro-electricity – and the consequent need for many of Venezuela’s larger enterprises to operate well below capacity – are also unhelpful. Inside Venezuela itself, opinion is divided as to whether rents for commercial Real Estate will continue to rise. In our projections, we assume that yields will continue to rise gradually – even as nominal rents and capital values move broadly in line with each other.
Interviews of in-country sources were conducted in early February 2010.

Key Features Of This Report

This is the latest edition of a new series of industry reports published by BMI that seeks to identify the key dynamics of the real estate sectors of 44 countries around the world, some of which are developed and some of which are, in every sense, emerging markets. The questions that we seek to answer for each country remain as follows: What are the main issues for actors in and around real estate development in the country concerned, over both the long and the short term? What are the main constraints that they face? What are the key insights to be gleaned by comparing the real estate sector of a country with its regional peers?
In Q3 we introduced a very substantial improvement to our reports. We incorporated data and qualitative observations provided to us by commercial real estate agents operating in the countries we survey. As a result we have gained a much clearer picture of the balance between demand and supply in each of three main sub-sectors – office, retail and industrial. We have also introduced a new approach to the forecasting of rental yields, which is discussed in the methodology section of this report.
In Q4, we have incorporated a lot of new data in relation to rents and yields in 2010. We gained this data through a new round of interviews with our in-country sources in mid-2010. In some cases, the latest information from our sources has caused us to make significant revisions to our forecasts for 2011-2014. We asked our sources to indicate what growth in rents is likely for 2011. We explain their answers in the Forecast Scenarios.


About Us

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.


Contact:

Ms. Sunita
7557 Rambler road,
Suite 727, Dallas, TX 75231
Tel: +1-888-989-8004
http://reportsandreports.blogspot.com/
http://reportsandreports.proarticles.co.uk/
http://reportsnreports.wordpress.com/

Browse the complete Report on : Venezuela Commercial Banking Report Q4 2010

Browse All Business Monitor International Market Research Reports

Since Q108, we have described numerically the banking business environment for each of the countries surveyed by BMI. We do this through our Commercial Banking Business Environment Rating (CBBER), a measure that ensures we capture the latest quantitative information available. It also ensures consistency across all countries and between the inputs to the CBBER and the Insurance Business Environment Rating, which is likewise now a feature of our insurance reports. Like the Business Environment Ratings calculated by BMI for all the other industries on which it reports, the CBBER takes into account the limits of potential returns and the risks to the realisation of those returns. It is weighted 70% to the former and 30% to the latter.
The evaluation of the Limits of Potential Returns includes market elements that are specific to the banking industry of the country in question and elements that relate to that country in general. Within the 70% of the CBBER that takes into account the Limits of Potential Returns, the market elements have a 60% weighting and the country elements have a 40% weighting. The evaluation of the Risks to Realisation of Returns also includes banking elements and country elements (specifically, BMI’s assessment of long-term country risk). However, within the 30% of the CBBER that takes into account the risks, these elements are weighted 40% and 60%, respectively.
Further details on how we calculate the CBBER are provided at the end of this report. In general, though, three aspects need to be borne in mind in interpreting the CBBERs. The first is that the market elements of the Limits of Potential Returns are by far the most heavily weighted of the four elements. They account for 60% of 70% (or 42%) of the overall CBBER. Second, if the market elements are significantly higher than the country elements of the Limits of Potential Returns, it usually implies that the banking sector is (very) large and/or developed relative to the general wealth, stability and financial infrastructure in the country. Conversely, if the market elements are significantly lower than the country elements, it usually means that the banking sector is small and/or underdeveloped relative to the general wealth, stability and financial infrastructure in the country. Third, within the Risks to Realisation of Returns category, the market elements (ie: how regulations affect the development of the sector, how regulations affect competition within it, and Moody’s Investors Service’s ratings for local currency deposits) can be markedly different from BMI’s long-term risk rating.


About Us

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.

Contact:

Ms. Sunita
7557 Rambler road,
Suite 727, Dallas, TX 75231
Tel: +1-888-989-8004

http://reportsandreports.blogspot.com/

http://reportsandreports.proarticles.co.uk/

http://reportsnreports.wordpress.com/

Browse the complete Report on : Venezuela Retail Report Q4 2010


Browse All Business Monitor International Market Research Reports

The Q410 BMI Venezuela Retail Report forecasts that the country’s retail sales will grow by an average of 33.7% a year in local currency terms between 2010 and 2014, from VEF208.46bn (US$97.20bn) to VEF676.80bn (US$315.58bn). Although hyperinflation and the country’s first currency devaluation since 2005 make the outlook less certain, BMI expects an expanding population, rising disposable income and easier access to consumer credit to have positive effects on Venezuela’s retail sales over the long term. Venezuela’s nominal GDP is predicted to be US$371.70bn in 2010, with 2009’s decline of 1.8% expected to worsen to a contraction of 3.8% in 2010 as the country continues to suffer the effects of a prolonged economic slowdown. Average annual GDP growth of just 1.5% is predicted by BMI between 2010 and 2014. With the population increasing from an expected 28.8mn in 2010 to a forecast 30.6mn by 2014, consumer spending per capita is forecast to increase from US$4,843 in 2010 to US$6,874 by 2014. Positive economic indicators include increasing urbanisation, with more than 88% of the population classified by the UN as urban in 2005. By 2015, the urban population is forecast to have exceeded 95%. In 2005, 63.8% of the Venezuelan population was described by the UN as economically active, with 37.8% in the 20-44 age range important to retail sales. By 2015, the proportion in the 20-44 age range is predicted to be 38.5% and 65.5% of the population is expected to be economically active. In terms of retail sub-sectors, over the counter (OTC) pharmaceutical sales are forecast by BMI to grow from US$0.41bn in 2010 to US$0.56bn by 2014, up by more than 37%, while automotive sales are predicted to increase by nearly 73% following a severe slump in 2009, from US$0.38bn in 2010 to US$0.66bn by 2014. Consumer electronic products sales are expected to growth by 26%, from US$3.08bn in 2010 to US$3.89bn by 2014.
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 together are expected to account for an estimated 74.3% of regional retail sales in 2010, with those two countries plus Venezuela forecast to account for 84.6% of all retail sales in the region by 2014. For Venezuela, its predicted 2010 market share of 8.3% is expected to rise to 17.3% by 2014.

About Us

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.


Contact:

Ms. Sunita
7557 Rambler road,
Suite 727, Dallas, TX 75231
Tel: +1-888-989-8004

http://reportsandreports.blogspot.com/

http://reportsandreports.proarticles.co.uk/

http://reportsnreports.wordpress.com/

Browse the complete Report on : Venezuela Oil and Gas Report Q4 2010


Browse All Business Monitor International Market Research Reports

The latest Venezuela Oil & Gas Report forecasts that the country will account for 7.66% of Latin American oil demand by 2014, while providing 25.49% of supply. Latin American regional oil use will average an estimated 7.76mn barrels per day (b/d) in 2010. It should rise to 7.91mn b/d in 2011 and reach 8.41mn b/d by 2014. Regional oil production in 2010 should average an estimated 10.05mn b/d. It is set to rise to 10.63mn b/d by 2014. Oil exports have been slipping, because demand growth has exceeded the pace of supply expansion. In 2001, the region was exporting an average of 3.37mn b/d. This total fell to an estimated 2.29mn b/d in 2010 and is forecast to slip further to 2.22mn b/d in 2014. The principal exporters will be Mexico, Venezuela, Ecuador and Brazil.
In terms of natural gas, the region in 2010 will consume an estimated 209bn cubic metres (bcm), with demand of 252bcm targeted for 2014. Production of an estimated 221bcm in 2010 should reach 247bcm in 2014, and implies 5bcm of net imports at the end of the period. Venezuela contributes an estimated 14.66% to 2010 regional gas consumption, while producing around 13.39%. By 2014, it is expected to consume 13.55% of the region’s gas, while contributing 13.36% to supply.
For 2010 as a whole, we continue to assume an average OPEC basket price of US$83.00 per barrel (bbl), up 36.4% year-on-year (y-o-y). Risk is now clearly on the downside, thanks to the slow progress made during June. However, a full year outturn in excess of US$80 remains a strong possibility and we see no need to review our assumptions at this point. The 2010 US WTI price is now put at US$87.63/bbl. BMI is assuming an OPEC basket price of US$85.00/bbl in 2011, with WTI averaging US$89.74. Our central assumption for 2012 and beyond is an OPEC price averaging US$90.00/bbl, delivering WTI at just over US$95.00.
For 2010, the BMI assumption for premium unleaded gasoline is an average global price of US$95.45/bbl. The overall y-o-y rise in 2010 gasoline prices is put at 36%. Gasoil in 2010 is expected to average US$93.23/bbl. The full-year outturn represents a 35% increase from the 2009 level. For 2010, the annual jet price level is forecast to be US$95.90/bbl. This compares with US$70.66/bbl in 2009. The 2010 average naphtha price is put by BMI at US$83.53/bbl, up 41% from the previous year’s level. Venezuelan real GDP in 2010 is forecast by BMI to fall 3.8%, with an average annual increase of 1.5% expected in 2010-2014. State-owned Petróleos de Venezuela (PdVSA) works in cooperation with numerous international oil company (IOC) partners in conventional and heavy oil projects. Although recent renationalisation moves, changes in taxation and alterations to the licensing system have reduced foreign involvement, several key players appear committed to the country. We are assuming oil and gas liquids production of 2.71mn b/d by 2014, with the country expected to pump 2.53mn b/d in 2010. Consumption beyond the economic weakness of 2009/10 is forecast to increase by up to 2% per annum to 2014, implying demand of 644,000b/d by this point. The export capability would thus be about 2.07mn b/d by 2014. Gas production is forecast to rise from an estimated 29bcm in 2010 to 33bcm over the period, requiring 1.1bcm of imports in 2014.
Between 2010 and 2019, we are forecasting an increase in Venezuelan oil production of 22.8%, with liquids volumes averaging 2.53mn b/d in 2010 before rising steadily to 3.10mn b/d by 2019. Oil consumption between 2010 and 2019 is set to increase by 10.1%, with growth slowing to an assumed 1.0% per annum towards the end of the period and the country using 677,000b/d by 2019. Gas production is expected to rise steadily, from an estimated 29bcm in 2010 to 50.0bcm in 2019. With demand growth of 26.6%, this implies export potential rising to 11.4bcm by 2019. Details of BMI’s 10-year forecasts can be found in the appendix to this report.
Venezuela now takes fifth place, behind Argentina, in BMI’s composite Business Environment (BE) rating, which combines upstream and downstream scores. It now lags Brazil in second place in BMI’s updated upstream Business Environment Ratings, having held much of its ground thanks to its vast hydrocarbons resource base. Now five points behind Brazil and just one ahead of Colombia, its position is far from secure unless the overall risk situation improves dramatically. As well as high scores for reserves, production growth potential and reserves-to-production ratios (RPR), Venezuela benefits from the number of international companies active within its upstream industry. Venezuela now shares eighth place with Ecuador in BMI’s downstream Business Environment Ratings, reflecting its refining capacity, retail site intensity and growth in GDP per capita. Only Bolivia is now below the country, but it is not capable of challenging Venezuela during the next few quarters.

About Us

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.


Contact:

Ms. Sunita
7557 Rambler road,
Suite 727, Dallas, TX 75231
Tel: +1-888-989-8004

http://reportsandreports.blogspot.com/

http://reportsandreports.proarticles.co.uk/

http://reportsnreports.wordpress.com/