Sri Lanka Information Technology Report Q1 2015

Business Monitor International
November 12, 2014
83 Pages - SKU: BMI5380282
Countries covered: Sri Lanka

Sri Lanka Information Technology Report Q1 2015

BMI View: Strong economic growth and a government that is supportive of digitalisation underpin our ITgrowth forecast as this is also likely to filter through in a shape of increased government spending. Weestimate a CAGR of 15.5% for IT market spending 2014-2018, with the market expected to increase to avalue of LRK163.8bn in 2018. We believe Sri Lanka will outperform the majority of IT markets in the APACregion due to a convergence of factors. Strong income growth and low penetration of PCs, enterprisesoftware and services will combine to boost IT spending growth in Sri Lanka over the medium term. Thelocal IT industry is also developing, with a vibrant local software and BPO industry and the development oflocal facilities for PC manufacture and assembly to service the local market and wider region.

Headline Expenditure Projections

Computer Hardware Sales: LKR59.7bn in 2014 to LKR100.9bn in 2018, CAGR of 14.2% in localcurrency terms. There is strong growth potential for hardware sales in Sri Lanka due to low PCpenetration rates, declining device prices and rising incomes.



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