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Technology, Media & Telecoms is one of the fastest-growing economic sectors and a major innovator, with important spillover effects on all other industries. It is both a source and a carrier of knowledge, supporting the acquisition and building of innovation capabilities in individuals, businesses and public organisations. In today’s era of digital transformation, emerging disruptive technologies and new business models, the Technology, Media & Telecoms sector creates new markets, improves operating performance and brings about efficiency gains and economies for the entire society.
Activities associated with Technology, Media & Telecoms are the manufacturing of semiconductors, electronic components and optical media, and production of a variety of hi-tech consumer goods, such as computers, laptops and mobile phones. It also includes media publishing, software development, motion picture and sound recording, and radio and television broadcasting. Telecommunications, data processing, networking and internet services are also part of this industry.
Colombia's ICT sector is undergoing a period of steady expansion, as the broader economy experiences modest growth. Mobile and fixed broadband adoption continue to rise, the first stages of the 5G rollout have advanced in major cities, and software ...
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Colombia's economy is on a gradual recovery path, with real GDP growth expected to reach 2% in 2024 and 2.8% in 2025, according to BBVA Research estimations. Inflation is forecast to decline, reaching 5.2% in December 2024 and 3.8% by December 2025, ...
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According to DANE (Colombia's statistical office), the information and communications sector in Colombia experienced a 1.4% y/y increase in its GVA during 2023 in real terms, losing momentum from the previous two years when double-digit growth rates ...
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The Colombian ICT sector is a competitive market dominated by large multinationals, alongside local players of regional significance, mainly state-owned public utility companies. According to figures from the Colombian Statistics Office (DANE), the ...
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According to figures from Colombia’s statistics office, DANE, the country’s ICT sector was responsible for 2.9% of Colombia’s GDP, amounting to COP 28.98tn in 2020, as well as 2.2% of its imports and 1.2% of its exports in ...
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Colombia’s ICT sector is of great importance to the country in terms of GDP, employment and investment. In 2019, the information and communications sector’s gross value added increased by 1.7% y/y in real terms, reaching COP 24 ...
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After a weak financial performance in the 2016-2017 period, Colombia’s ICT sector returned to growth in 2018. The information and communications sector’s GVA increased by 3% y/y in 2018, reaching COP 24.5tn or 2.9% of total GDP, ...
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Colombia’s ICT sector claimed a share of 3.1% of its national GVA, or around COP 25.7tn, in 2017, growing 3% compared to 2016 in real terms. In 2017, FDI inflow in TCI exceeded USD 3.4bn, up from USD 1.5bn the previous year, and beating the ...
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ICT is part of the more broadly defined Transportation, Communication and Information (“TCI”) sector. Colombia’s TCI sector claimed a share of 7.0% of the national GVA, or around COP 55.5tn, in 2016, remaining stagnant compared to ...
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