Naperville, IL -- (ReleaseWire) -- 06/16/2014 -- Reportstack, provider of premium market research reports announces the addition of Colombia Consumer Electronics Report Q3 2014 market report to its offering
Despite the negative impact of currency depreciation against the dollar, we expect 2014 will be
another strong year of growth in Colombia's consumer electronics market. Medium-term trends such as
booming smartphone and tablet volumes will be supplemented by a boost to LCD TV sales due ot the 2014
World Cup. Conditions are right for strong growth to continue beyond 2014, with a burgeoning middle
class and private sector credit growth, which will stimulate household consumption, and as incomes rise an
increasing share of spending will go on consumer devices. This will allow vendors to tap into the relatively
low penetration rates in key device categories such as PCs, smartphones and flat-panel TVs. Additionally,
the government and telecoms operators are promoting the development of wireless and wireline data
network infrastructure, which will add to demand for connected devices such as tablets, smartphones and
Headline Expenditure Projections
? Computer Hardware Sales: USD1.46bn in 2013 to USD1.52 in 2014; +4.3% in US dollar terms.
Tablets will be the outperforming device category again in 2014, but with overall PC penetration still low
we expect notebook sales will continue to grow, gaining momentum in the latter years of the forecast as
hybrid designs evolve.
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