Colombia ICT Market Size and Forecast (by IT Solution Area, Size Band and Vertical), 2022-2026
The global ICT market in Colombia was valued at US$8.52 billion in 2021 and will grow at a compounded annual growth rate (CAGR) of 8.8% to reach a value of US$12.98 billion by 2026. The cumulative revenue generation opportunities for ICT in Colombia is estimated at US$55.1 billion between 2022 to 2026. The retail banking sector is the major contributor to the growth of the ICT in Colombia.
In terms of vertical end-use segments, the retail banking sector is the largest segment with 16.1% market share followed by the retail. The ICT in Colombia for retail sector is projected to grow at an estimated CAGR of 8.8% during the forecast period. In terms of product/service categories, SaaS is the largest segment with 6.6% of the ICT market share in Colombia, followed by systems design and integration. Meanwhile, workstations will grow at a CAGR of 18% over the forecast period.
Scope
- This product provides revenue opportunity forecasts in the ICT products and services in Colombia from 2019 to 2026, spanning 18 IT solutions and 133 products/services. The details of the IT solutions and the corresponding products/services has been provided. The forecast data has been provided for 5 employee size bands.
Key Highlights
- The global ICT in Colombia market is expected to grow at a CAGR of 8% over the forecast period.
- The country’s top three product/service categories: SaaS, systems design and integration, and workstations, and 133 sub-categories within them.
- SaaS is expected to be the largest product/service segment of the ICT in Colombia over the forecast period.
Reasons to Buy
- Assess the historic data (past 3 years), current state, and expected growth (next 5 years) of the ICT in Colombia
- Identify the fastest growing products/services within the ICT market in the Colombia
- Determine the most lucrative vertical for ICT in Colombia considering their current contribution to the overall ICT market in the Colombia and their expected contribution to the growth of the market over the next 5 years
- Identify the products/services who would be the contributors to the growth of ICT market in Colombia over the next 5 years
- This survey report offers a thorough, forward-looking analysis of Colombia in ICT trends and key opportunities in a concise format to help executives build proactive and profitable growth strategies.
Frequently Asked Questions
The global ICT market in Colombia size was estimated at US$8.52 billion in 2021 and is expected to reach US$9.23 billion in 2022.
The global ICT market in Colombia is expected to face a compound annual growth rate of 8.8% from 2022 to 2030 to reach US$12.98 billion by 2026.
The SaaS segment dominated the global ICT market in in Colombia 2021 with a revenue share of more than 6.6%.
The manufacturing sector dominated the global ICT market in in Colombia 2021 with a revenue share of more than 16.1%.
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