Sri Lanka Information Technology Report - Q4 2014

Business Monitor International
September 10, 2014
83 Pages - SKU: BMI5325705
Countries covered: Sri Lanka

Sri Lanka Information Technology Report - Q4 2014

BMI View: We forecast a CAGR of 15.5% for IT market spending 2014-2018, with the market expected toincrease to a value of LRK163.8bn in 2018. We believe Sri Lanka will outperform the majority of ITmarkets in the APAC region due to a convergence of factors. Strong income growth and low penetration ofPCs, enterprise software and services will combine to boost IT spending growth in Sri Lanka over themedium term. We expect it to embark on a period of catch-up growth 2014-2018, closing the gap tocomparable markets in terms of the penetration of IT products and solutions after a long period of conflict.

The local IT industry is also developing, with a vibrant local software and BPO industry and thedevelopment of local facilities for PC manufacture and assembly to service the local market and widerregion.

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.

More Technology reports by Business Monitor International

Information Technology Report - Singapore Q4 2014 by Business Monitor International
BMI View: We have a positive outlook for the growth of Singapore's IT market, which will underperformemerging market growth rates, but is expected to outperform ...
Information Technology Report - Saudi Arabia Q4 2104 by Business Monitor International
BMI View: Saudi Arabia offers compelling growth opportunities for IT solution providers across multipleindustry verticals owing to the kingdom's strong macro fundamentals and the government's ...
Information Technology Report - Poland Q4 2014 by Business Monitor International
BMI View: We see Poland as one of the most attractive IT markets in the region over the medium termbased on its untapped potential amid ...
Information Technology Report - Hong Kong Q4 2014 by Business Monitor International
BMI View: While a lucrative market, the maturity of Hong Kong's IT market means growth rates willunderperform emerging markets in the Asia Pacific region. However, ...
See all reports like this >>

More Sri Lanka Technology reports

Sri Lanka Information Technologies Report Q2 2012 by Business Monitor International
Market OverviewBMI View: The Sri Lankan IT market growth is expected to moderate in 2012, after benefiting from alocal and regional economic recovery in 2011. ...
See all reports like this >>

More Sri Lanka reports

D&B Country Report: Sri Lanka by Dun & Bradstreet Inc.
D&B Country Report. Comprehensive information for evaluating risks and opportunities when trading or investing in this country. Providing critical information and analysis on ...
See all reports like this >>



    Report with 3 quarterly updates  USD 1,295  
    Report with 3 quarterly updates
3 User License
  USD 1,945  
    Report with 3 quarterly updates
5 User License
  USD 2,500  
    Report with 3 quarterly updates
Departmental/Site License
  USD 2,995  
    Global Site License Fulfilled by Publisher  USD 6,995  
US: 800.298.5699
Int'l: +1.240.747.3093

Share this report

    Other tasks

    Join Alert Me now!
    Receive bi-weekly email alerts on new market research

    Sign up today!