The market will grow 2.5% in 2017. However, the industry faces great pressure and erosion of margins, so it will have to adapt to this new scenario. < / p>

 

The global ICT market continues to offer positive records year after year. According to the report monitor Market: on ICT perfomance and outlook ‘, prepared by Crédito y Caución , the sector closed last year with a growth of 2.1%, while in 2017 an increase of 2 is expected, 5%.

These data are very promising, but they also have a negative side. In many developed countries, this industry is faced with the challenge of growing competition, lack of product differentiation or falling demand from the traditional PC market. And all these factors introduce pressure and margin erosion in the sector.

Credit and Caution review that the challenge for ICT companies is to understand the advancement of technologies and changing market conditions. Explains that the arrival of new mobile technologies and the Internet of Things obliges ICT distributors to define their value contribution. Thus, he expects new technologies to evolve intensively, which will further increase competition and adjust cash flows, dramatically increasing the chances of failure among companies in the sector.

The report emphasizes the role of China, the largest importer and exporter of electronics and technology products. In fact, accounts for more than 30% of world exports of consumer electronics. But the growth in the number of companies dedicated to the manufacture of components in the last decade has caused fierce competition in a sector that is very exposed to fluctuations in the price of metal and oil and, in addition, faces the increase in labor costs.

The credit insurer also stops in an emerging country like India, where the ICT sector is one of the main driving forces of economic growth. Not surprisingly, is more than 9% of its GDP and employs almost 3.7 million people in 16,000 companies. In addition, it is quite stable, with strong growth rates; although the competition, the pressure on prices and cheap imports are a major challenge, especially for small distributors.

In United States, the ICT market benefited in 2016 from economic growth; the increase in private consumption, due to the increase in wages; and the drop in energy prices. The study forecasts two-digit growth in emerging technologies for this exercise, such as 3D printing, augmented reality, autonomous vehicles and medical and sports technologies.

The Credit and Surety analysis remarks that software and data services remain the main drivers of growth in the United Kingdom, together with cloud and Internet services Things. However, the uncertainty generated after Brexit is expected to have a negative impact on the growth of the industry. In addition, private consumption slows down, companies are less willing to commit to Long-term IT projects and major hardware suppliers have increased their prices up to 10% in response to the depreciation of the pound against the dollar and higher import costs.

The report is completed with the analysis of the ICT sector in France, Italy, Germany, Japan, South Korea and the United Arab Emirates.